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Bioabsorbable Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global bioabsorbable stents market size reached US$ 346.22 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 571.78 Million by 2027, exhibiting a growth rate (CAGR) of 8.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Bioabsorbable stents (BRS) are coated with an antiproliferative drug or gene that dissolves over time to restore vessel patency and permit remodeling while retaining recoil. It helps in regulating blood flow at branch points and limiting the amount of blood to areas of the vascular network while maintaining the flow at low perfusion. It also improves lesion imaging with cardiac computed tomography (CT) and magnetic resonance imaging (MRI). In addition, it leaves no residual scaffold, reduces vessel irritation and inflammation, and facilitates repeat treatments to the same site. As a result, BRS finds extensive applications in hospitals and cardiac centers across the globe.

Bioabsorbable Stents Market Trends:

The growing prevalence of cardiovascular diseases due to an unhealthy diet, physical inactivity, and excessive consumption of tobacco and alcohol represents one of the factors driving the market. Moreover, there is a rise in the utilization of percutaneous coronary intervention (PCI) procedures to open a blocked artery for carrying oxygen-rich blood through the body. This, along with the expanding healthcare industry, is contributing to the growth of the market. Besides this, the increasing awareness among the masses about the benefits of bioabsorbable stents is offering lucrative growth opportunities to industry investors. In addition, the growing demand for minimally invasive procedures due to less postoperative pain, fewer operative and postoperative complications, shortened hospital stay, and faster recovery times is positively influencing the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce SLENDER integrated delivery system (IDS) fixed-wire and DIRECT RX bioabsorbable rapid-exchange drug-eluting stent (DES) systems to treat coronary artery disease. They are also focusing on developing polymer-based stents, which is expected to bolster the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bioabsorbable stents market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on biomaterial, absorption rate, application and end user.

Breakup by Biomaterial:

  • Polymer-based Bioabsorbable Stents
  • Metal-based Bioabsorbable Stents
     

Breakup by Absorption Rate:

  • Slow-Absorption Stents
  • Fast-Absorption Stents
     

Breakup by Application:

  • Coronary Artery Disease
  • Peripheral Artery Disease
     

Breakup by End User:

  • Hospitals
  • Cardiac Centers
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Arterius Limited, B. Braun SE, Biotronik SE & Co. KG, Boston Scientific Corporation, Elixir Medical Corporation, Kyoto Medical Planning Co. Ltd., Lepu Medical Technology (Beijing) Co. Ltd., Meril Life Sciences Pvt. Ltd., Reva Medical LLC and Terumo Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Biomaterial, Absorption Rate, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Arterius Limited, B. Braun SE, Biotronik SE & Co. KG, Boston Scientific Corporation, Elixir Medical Corporation, Kyoto Medical Planning Co. Ltd., Lepu Medical Technology (Beijing) Co. Ltd., Meril Life Sciences Pvt. Ltd., Reva Medical LLC and Terumo Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global bioabsorbable stents market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bioabsorbable stents market?
  • What are the key regional markets?
  • What is the breakup of the market based on the biomaterial?
  • What is the breakup of the market based on the absorption rate?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bioabsorbable stents market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Bioabsorbable Stents Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Biomaterial
    6.1    Polymer-based Bioabsorbable Stents
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Metal-based Bioabsorbable Stents
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Absorption Rate
    7.1    Slow-Absorption Stents
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fast-Absorption Stents
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Coronary Artery Disease
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Peripheral Artery Disease
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End User
    9.1    Hospitals
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Cardiac Centers
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Abbott Laboratories
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Arterius Limited
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    B. Braun SE
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Biotronik SE & Co. KG
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 SWOT Analysis
        15.3.5    Boston Scientific Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Elixir Medical Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Kyoto Medical Planning Co. Ltd.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Lepu Medical Technology (Beijing) Co. Ltd.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    Meril Life Sciences Pvt. Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Reva Medical LLC
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Terumo Corporation
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Bioabsorbable Stents Market: Major Drivers and Challenges
Figure 2: Global: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Bioabsorbable Stents Market: Breakup by Biomaterial (in %), 2021
Figure 5: Global: Bioabsorbable Stents Market: Breakup by Absorption Rate (in %), 2021
Figure 6: Global: Bioabsorbable Stents Market: Breakup by Application (in %), 2021
Figure 7: Global: Bioabsorbable Stents Market: Breakup by End User (in %), 2021
Figure 8: Global: Bioabsorbable Stents Market: Breakup by Region (in %), 2021
Figure 9: Global: Bioabsorbable Stents (Polymer-based Bioabsorbable Stents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Bioabsorbable Stents (Polymer-based Bioabsorbable Stents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Bioabsorbable Stents (Metal-based Bioabsorbable Stents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Bioabsorbable Stents (Metal-based Bioabsorbable Stents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Bioabsorbable Stents (Slow-Absorption Stents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Bioabsorbable Stents (Slow-Absorption Stents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Bioabsorbable Stents (Fast-Absorption Stents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Bioabsorbable Stents (Fast-Absorption Stents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Bioabsorbable Stents (Coronary Artery Disease) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Bioabsorbable Stents (Coronary Artery Disease) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Bioabsorbable Stents (Peripheral Artery Disease) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Bioabsorbable Stents (Peripheral Artery Disease) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Bioabsorbable Stents (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Bioabsorbable Stents (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Bioabsorbable Stents (Cardiac Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Bioabsorbable Stents (Cardiac Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Canada: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Canada: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia-Pacific: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia-Pacific: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South Korea: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South Korea: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Indonesia: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Indonesia: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Germany: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Brazil: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Brazil: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Mexico: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Mexico: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Middle East and Africa: Bioabsorbable Stents Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Middle East and Africa: Bioabsorbable Stents Market: Breakup by Country (in %), 2021
Figure 73: Middle East and Africa: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Bioabsorbable Stents Industry: SWOT Analysis
Figure 75: Global: Bioabsorbable Stents Industry: Value Chain Analysis
Figure 76: Global: Bioabsorbable Stents Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Bioabsorbable Stents Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Bioabsorbable Stents Market Forecast: Breakup by Biomaterial (in Million US$), 2022-2027
Table 3: Global: Bioabsorbable Stents Market Forecast: Breakup by Absorption Rate (in Million US$), 2022-2027
Table 4: Global: Bioabsorbable Stents Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Bioabsorbable Stents Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Bioabsorbable Stents Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Bioabsorbable Stents Market: Competitive Structure
Table 8: Global: Bioabsorbable Stents Market: Key Players


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