Global Bioabsorbable Stents Market to Reach US$ 764.2 Million by 2032, Impelled by Growing Prevalence of Cardiovascular Diseases

February 27, 2023 | Healthcare

The latest report by IMARC Group, titled "Bioabsorbable Stents Market Report by Biomaterial (Polymer-based Bioabsorbable Stents, Metal-based Bioabsorbable Stents), Absorption Rate (Slow-Absorption Stents, Fast-Absorption Stents), Application (Coronary Artery Disease, Peripheral Artery Disease), End User (Hospitals, Cardiac Centers), and Region 2024-2032," finds that the global bioabsorbable stents market size reached US$ 409.4 Million in 2023. Bioabsorbable stents (BRS) are advanced medical tools coated with an antiproliferative drug or gene that dissolves to restore vessel patency. It regulates the blood flow at branch points and limits the amount of blood to areas of the vascular network while also maintaining the flow. In addition, it reduces vessel irritation and inflammation, improves lesion imaging with cardiac computed tomography (CT), and facilitates repeat treatments to the same site. As a result, BRS is widely utilized in hospitals and cardiac centers across the globe.

Global Bioabsorbable Stents Market Trends:

The market is primarily driven by the growing prevalence of cardiovascular diseases caused by physical inactivity and excessive tobacco and alcohol consumption. In addition, the increasing preference for minimally invasive (MI) procedures, as they offer less postoperative pain, fewer complications, shortened hospital stay, and faster recovery times, is contributing to the market growth. Apart from this, the leading market players are conducting 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. This, coupled with the increasing utilization of percutaneous coronary intervention (PCI) procedures for opening a blocked artery and carrying oxygen-rich blood through the body, is creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 764.2 Million by 2032, exhibiting a CAGR of 7% during the forecast period (2024-2032). 

Market Summary:

  • Based on the biomaterial, the market has been classified into polymer-based and metal-based bioabsorbable stents.
  • On the basis of the absorption rate, the market has been bifurcated into slow and fast-absorption stents.
  • Based on the application, the market has been segmented into coronary and peripheral artery disease.
  • On the basis of end user, the market has been segregated into hospitals and cardiac centers.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some 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 Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3899
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Corporate License: US$ 5899
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)

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Global Bioabsorbable Stents Market to Reach US$ 764.2 Million by 2032, Impelled by Growing Prevalence of Cardiovascular Diseases
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