The global bioabsorbable stents market is anticipated to grow at a CAGR of 5.3% during the forecast period (2022-2028). Due to the rising prevalence of cardiovascular disease, an increase in the number of approvals for novel bioabsorbable stents, and the presence of major market participants the global bioabsorbable stents market is growing during the forecast period. Additionally, rising coronary artery disease prevalence, an increase in the number of coronary artery disease patients in hospitals, an increase in healthcare R&D activities, improved healthcare infrastructure, and the presence of major players operating in the region all contribute to the market’s growth. For instance, Boston Scientific Corporation offers The SYNERGY BP Stent, a new category of the stent that works synergistically, emphasizing the suppression of neointimal growth at the arterial wall while promoting healing inside the vessel. It features the Synchron Bioabsorbable Polymer Coating, which is applied only to the abluminal side of the stent to promote rapid endothelialization.
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An increase in percutaneous coronary intervention (PCI) procedures and an increase in patient and physician adoption of bioabsorbable stents are all driving the global bioabsorbable stents industry growth. Furthermore, advances in stent technology, rising demand for minimally invasive procedures, and greater government initiatives to develop and manufacture bioabsorbable stents all contribute to the market’s growth. Increased occurrences of heart illness (mostly coronary and peripheral heart disease) are anticipated to drive demand for bioabsorbable stents, resulting in market expansion. The market’s growth is projected to be hampered by the high prices of stent procedures and the danger associated with the use of bioabsorbable stents.
Due to the increased use of polymeric stents by various companies, physicians, and patients owing to less inflammatory response, complete drug-eluting, and low risk of associated complications, the polymeric stents segment dominated the global bioabsorbable stents market by type of biomaterial, and is expected to continue this trend during the forecast period. Polymeric stent materials are still being investigated in the hopes of developing new bioabsorbable stents with lower restenosis and late-stent thrombosis concerns. However, the metallic stents category is likely to show remarkable growth during the projection period. This is due to the fact that metallic stents are an alternate approach for doing percutaneous nephrostomy surgery.
Some major players in the market include Arterial Remodeling Technologies, Arterius Limited, B. Braun Melsungen AG, Biotronik SE & Co. KG, Boston Scientific Corporation, and Terumo Corporation, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2022 Arterius Limited, a Leeds-based, UK company announced that it developing innovative medical devices with a focus on next-generation bioresorbable coronary and peripheral stents.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Biomaterial
- By Application
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Arterial Remodeling Technologies, Arterius Limited, B. Braun Melsungen AG, Biotronik SE & Co. KG, Terumo Corporation, and Boston Scientific Corporation, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bioabsorbable Stents Market Report by Segment
By Biomaterial
- Polymeric Stents
- Metallic Stents
By Application
- Coronary Artery Disease
- Peripheral Artery Disease
By End-User
- Hospital
- Cardiac Centres
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