Global Bioabsorbable Vascular Stents Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Material Type;

Polymer-based Stents and Metal-based Stents.

By Application;

Coronary Artery Disease and Peripheral Artery Disease.

By End-User;

Hospitals, Cardiac Centers, and Ambulatory Surgical Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn156377479 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Bioabsorbable Vascular Stents Market (USD Million), 2021 - 2031

In the year 2024, the Global Bioabsorbable Vascular Stents Market was valued at USD 424.90 million. The size of this market is expected to increase to USD 828.00 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.

The global bioabsorbable vascular stents market has witnessed significant growth over the past decade, driven by advances in medical technology and the increasing prevalence of cardiovascular diseases worldwide. Bioabsorbable vascular stents are a type of stent made from materials that gradually dissolve within the body over time, unlike traditional metallic stents that remain in the artery permanently. This innovative technology has garnered attention for its ability to reduce the long-term risks associated with conventional stents, such as inflammation, thrombosis, and restenosis. As healthcare systems evolve and adopt more advanced treatment options, bioabsorbable stents are becoming an increasingly popular choice for vascular intervention, especially for coronary artery diseases and peripheral artery diseases.

The primary drivers behind the expansion of the bioabsorbable vascular stents market include the growing global burden of cardiovascular diseases, particularly in aging populations, and the increasing demand for minimally invasive medical procedures. With the rise in lifestyle-related health issues, such as obesity, diabetes, and hypertension, cardiovascular diseases have become a leading cause of morbidity and mortality worldwide. The growing awareness of the advantages of bioabsorbable stents, such as their ability to degrade naturally within the body, and their potential to provide better long-term outcomes without requiring a permanent implant, is further boosting market growth. Moreover, these stents eliminate the need for long-term medication and reduce the likelihood of restenosis, which is a common complication in patients with traditional stents.

Regionally, the bioabsorbable vascular stents market is experiencing dynamic growth, particularly in North America, Europe, and the Asia Pacific. North America and Europe have well-established healthcare infrastructure, advanced medical technologies, and favorable reimbursement policies, making them leading regions for the adoption of bioabsorbable stents. However, developing regions such as Asia Pacific, Latin America, and the Middle East are increasingly adopting bioabsorbable stents as part of their efforts to modernize healthcare systems and offer advanced treatments for cardiovascular diseases. The growing focus on reducing healthcare costs, the rising number of cardiovascular interventions, and the availability of advanced medical solutions are expected to continue to drive the growth of the bioabsorbable vascular stents market in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Bioabsorbable Vascular Stents Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Increasing Prevalence of Cardiovascular Diseases
        2. Advancements in Medical Technology and Innovation
        3. Growing Preference for Minimally Invasive Procedures
        4. Rising Demand for Biocompatible and Absorbable Stents
      2. Restraints:
        1. High Cost of Bioabsorbable Stents
        2. Limited Long-Term Clinical Data and Uncertainties
        3. Regulatory Hurdles and Approval Delays
        4. Competition from Conventional Metallic Stents
      3. Opportunities:
        1. Growing Healthcare Awareness in Emerging Markets
        2. Expansion of Reimbursement Policies for Advanced Stents
        3. Research and Development into Next-Generation Stent Materials
        4. Increasing Adoption of Bioabsorbable Stents in Developing Regions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Bioabsorbable Vascular Stents Market, By Material Type, 2021 - 2031 (USD Million)
      1. Polymer-based Stents
      2. Metal-based Stents
    2. Global Bioabsorbable Vascular Stents Market, By Application, 2021 - 2031 (USD Million)
      1. Coronary Artery Disease
      2. Peripheral Artery Disease
    3. Global Bioabsorbable Vascular Stents Market, By End-User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Cardiac Centers
      3. Ambulatory Surgical Centers
    4. Global Bioabsorbable Vascular Stents Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Abbott Laboratories
      2. Boston Scientific Corporation
      3. Medtronic plc
      4. Biotronik SE & Co. KG
      5. Terumo Corporation
      6. Elixir Medical Corporation
      7. REVA Medical, Inc.
      8. Arterial Remodeling Technologies
      9. Kyoto Medical Planning Co., Ltd.
      10. Amaranth Medical, Inc.
      11. S3V Vascular Technologies
      12. Tepha, Inc.
      13. Meril Life Sciences Pvt. Ltd.
      14. ICON Interventional Systems
      15. Stentys SA
  7. Analyst Views
  8. Future Outlook of the Market