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).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.
Global Bioabsorbable Vascular Stents Market Recent Developments
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In May 2021, clinical trials demonstrated the safety and efficacy of a novel bioabsorbable stent for coronary artery disease, accelerating its regulatory approvals and market adoption.
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In February 2024, a medical device manufacturer launched next,generation bioabsorbable vascular stents with enhanced degradation control, targeting improved post,implantation healing outcomes in cardiovascular treatments.
Segment Analysis
The global bioabsorbable vascular stents market has been segmented by material type into polymer-based stents and metal-based stents, each offering unique advantages for different medical applications. Polymer-based stents are gaining traction due to their ability to naturally degrade in the body over time, reducing the need for additional procedures to remove the stent. These stents are often preferred for patients with less severe cardiovascular conditions as they provide an efficient temporary solution for maintaining artery patency without the long-term presence of a foreign object. The growing preference for materials that offer better biocompatibility and patient safety is driving the demand for polymer-based stents. On the other hand, metal-based stents, although more commonly used in traditional stenting procedures, are also evolving to offer bioabsorbable properties. These stents are more durable and robust, making them suitable for more complex and critical cases such as coronary artery disease (CAD). The demand for both material types is expected to grow, as they cater to different levels of disease severity and patient needs.
In terms of application, the bioabsorbable vascular stents market is primarily segmented into coronary artery disease (CAD) and peripheral artery disease (PAD), reflecting the prevalence of these conditions globally. Coronary artery disease is one of the leading causes of death worldwide, driving the demand for advanced stenting solutions. Bioabsorbable stents are gaining favor in CAD treatments due to their ability to reduce the need for long-term device implantation, thereby minimizing complications and the potential for restenosis (re-narrowing of the artery). This market segment is expected to dominate due to the higher volume of coronary procedures compared to peripheral treatments. Peripheral artery disease, although less prevalent than CAD, is also a growing application area for bioabsorbable stents. PAD affects the arteries outside the heart, often requiring interventions to improve blood flow. The adoption of bioabsorbable stents in PAD treatments is increasing as these devices can provide temporary support while allowing natural healing processes, reducing the risk of long-term complications in peripheral arteries.
The end-user segmentation of the bioabsorbable vascular stents market includes hospitals, cardiac centers, and ambulatory surgical centers (ASCs). Hospitals remain the largest end-user segment due to the volume of cardiovascular procedures performed, the advanced medical infrastructure, and the presence of skilled professionals capable of performing complex surgeries. Hospitals are well-equipped to handle the demands of bioabsorbable stenting, which require specialized care and post-operative monitoring. Cardiac centers are expected to be the second-largest segment, as these centers focus exclusively on heart-related treatments. They are more likely to adopt innovative technologies like bioabsorbable stents for their patients, driven by the rising prevalence of coronary artery diseases and the desire to provide cutting-edge care. Ambulatory surgical centers (ASCs), on the other hand, represent a growing market segment due to their focus on minimally invasive, outpatient procedures. The convenience and cost-effectiveness of ASCs, combined with the temporary nature of bioabsorbable stents, make them an ideal fit for this sector. The growing number of ASCs is likely to spur the adoption of bioabsorbable stents, further expanding the market's reach across all end-user categories.
Global Bioabsorbable Vascular Stents Segment Analysis
In this report, the Global Bioabsorbable Vascular Stents Market has been segmented by Material Type, Application and Geography.
Global Bioabsorbable Vascular Stents Market, Segmentation by Material Type
The Global Bioabsorbable Vascular Stents Market has been segmented by Material Type into Polymer-based Stents and Metal-based Stents.
The global bioabsorbable vascular stents market has been segmented by material type into polymer-based stents and metal-based stents, each offering unique benefits that cater to specific medical needs and patient requirements. Polymer-based stents are a rapidly growing segment, primarily driven by their ability to degrade naturally within the body over time. These stents are typically made from biocompatible and biodegradable polymers that break down after serving their purpose of providing structural support to the artery. As the polymer degrades, it reduces the risk of long-term complications such as chronic inflammation or restenosis, making it a preferred option for patients who need a temporary stent solution.
On the other hand, metal-based stents, which are often made from alloys such as magnesium, are designed to provide long-lasting vascular support and offer the strength required for certain types of vascular procedures. Although these stents are not bioabsorbable in the traditional sense, some have been developed with coating technologies or combinations with polymers to achieve controlled degradation. Metal-based stents offer durability and are commonly used in patients with more severe or complex cardiovascular conditions where extended or permanent support is necessary. While these stents remain in the body, their performance in promoting smooth blood flow has made them a staple in vascular treatments for decades.
The growing focus on minimizing long-term foreign material presence in the body has shifted attention towards polymer-based stents, as they offer an attractive alternative for patients with a lower risk of vessel re-narrowing or clotting. Research and development efforts are heavily concentrated on advancing these polymer stents to achieve better mechanical properties, faster degradation rates, and improved biocompatibility. Both types of stents, however, continue to be critical in vascular interventional procedures, with the choice between polymer and metal-based stents depending on the specific needs of the patient and the clinical scenario. As the market evolves, innovations in materials science are expected to lead to the development of even more advanced stent solutions, enhancing the outcomes for patients with vascular diseases.
Global Bioabsorbable Vascular Stents Market, Segmentation by Application
The Global Bioabsorbable Vascular Stents Market has been segmented by Application into Coronary Artery Disease and Peripheral Artery Disease.
The global bioabsorbable vascular stents market has been segmented by application into coronary artery disease (CAD) and peripheral artery disease (PAD), with each application representing a significant area of medical concern and treatment. Coronary artery disease is one of the leading causes of cardiovascular morbidity and mortality worldwide, and bioabsorbable stents are increasingly being used to treat CAD. These stents are designed to temporarily support the coronary arteries after they have been cleared of blockages, reducing the risk of restenosis and promoting better long-term outcomes. The bioabsorbable nature of these stents helps to minimize the risks associated with permanent implants, making them an attractive option for patients who require short-term arterial support without the need for lifelong foreign objects in their bodies.
On the other hand, peripheral artery disease refers to the narrowing or blockage of blood vessels outside of the heart, typically affecting the legs and arms. PAD often results in reduced blood flow, which can lead to severe complications such as limb amputation if left untreated. Bioabsorbable vascular stents used in PAD applications aim to restore blood flow by temporarily holding the affected artery open, allowing it to heal and regenerate. As PAD cases are increasingly diagnosed globally, particularly in aging populations, the demand for effective treatment options like bioabsorbable stents is on the rise. These stents offer a promising solution, as they provide structural support during the healing process before being naturally absorbed by the body.
The increasing prevalence of both CAD and PAD, alongside advancements in bioabsorbable stent technologies, is expected to drive growth in the market. As research continues to improve the mechanical properties and degradation rates of bioabsorbable stents, their adoption in treating these two major vascular diseases is anticipated to expand. Furthermore, the shift toward more personalized treatment approaches in cardiovascular medicine is likely to spur further innovation in stent designs, targeting better outcomes for patients with coronary and peripheral artery diseases. The ability of bioabsorbable stents to provide temporary support while promoting natural healing processes makes them an attractive solution for managing both coronary and peripheral artery diseases.
Global Bioabsorbable Vascular Stents Market, Segmentation by End-User
The Global Bioabsorbable Vascular Stents Market has been segmented by End-User into Hospitals, Cardiac Centers, and Ambulatory Surgical Centers.
The global bioabsorbable vascular stents market has been segmented by end-user into hospitals, cardiac centers, and ambulatory surgical centers (ASCs), reflecting the diverse settings where these advanced medical devices are utilized. Hospitals are the primary end-users of bioabsorbable vascular stents due to the high volume of cardiovascular procedures performed in these institutions. Hospitals are equipped with state-of-the-art technologies and skilled healthcare professionals to conduct complex surgeries, including those involving bioabsorbable stents. The growing number of cardiovascular diseases globally, especially coronary artery disease and peripheral artery disease, has led to an increased demand for innovative solutions like bioabsorbable stents, making hospitals the largest end-user segment.
Cardiac centers, which specialize in the diagnosis, treatment, and management of heart conditions, also represent a significant end-user segment for bioabsorbable vascular stents. These centers are at the forefront of adopting cutting-edge technologies, including bioabsorbable stents, for treating cardiovascular diseases. With a focus on heart-related ailments, cardiac centers are ideally positioned to offer advanced, patient-specific treatments. The specialized nature of these centers and the expertise of their staff in performing intricate cardiac procedures, including stenting, has driven the growth of bioabsorbable stent adoption within this segment. As cardiovascular diseases remain a leading cause of death worldwide, the demand for more advanced, temporary solutions in cardiac care will continue to expand in these settings.
Ambulatory surgical centers (ASCs) represent another growing end-user segment, primarily due to their focus on providing same-day surgical procedures, including minimally invasive treatments. These centers often perform cardiovascular procedures on an outpatient basis, making them an attractive option for patients seeking quicker recovery times and lower healthcare costs. Bioabsorbable vascular stents, with their ability to degrade over time, align well with the ASC model of care, where the emphasis is on short-term intervention and promoting the body’s natural healing process. As ASCs continue to expand in number and popularity, driven by rising demand for more affordable and efficient healthcare, bioabsorbable stents are likely to see increased usage within this sector, complementing the shift toward outpatient cardiac treatments. The adoption of these stents in ASCs will further contribute to the overall growth of the global bioabsorbable vascular stents market.
Global Bioabsorbable Vascular Stents Market, Segmentation by Geography
In this report, the Global Bioabsorbable Vascular Stents Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Bioabsorbable Vascular Stents Market Share (%), by Geographical Region, 2024
The regional outlook for the bioabsorbable vascular stents market highlights substantial growth prospects across different regions. North America is poised to lead the market, bolstered by its advanced healthcare infrastructure, high levels of healthcare expenditure, and favorable reimbursement policies. The well-established healthcare systems in the United States and Canada, along with the presence of major medical device manufacturers, create a favorable environment for the adoption of bioabsorbable stents. Moreover, the rising prevalence of cardiovascular diseases in these countries further fuels demand for innovative stenting solutions. North America is expected to maintain its dominant position over the forecast period, experiencing steady growth with a consistent compound annual growth rate (CAGR).
In Europe, the bioabsorbable vascular stents market is also expected to grow significantly. The region’s aging population and high rates of cardiovascular diseases drive the need for advanced treatment options. Countries like Germany, France, and the United Kingdom, which boast well-developed healthcare systems, are at the forefront of adopting innovative medical technologies, including bioabsorbable stents. Supportive regulatory environments and reimbursement policies in these countries further enhance the market's growth. Europe’s bioabsorbable stent market is anticipated to see steady growth, supported by continuous technological advancements in stent design and rising awareness among healthcare professionals and patients.
The Asia Pacific region is expected to witness the highest growth rate during the forecast period. The region's rapid economic expansion, increasing healthcare awareness, and government initiatives aimed at improving healthcare access are driving this growth. Countries such as China, India, and Japan are making substantial investments in healthcare infrastructure and are increasingly adopting advanced medical technologies, including bioabsorbable stents. Additionally, the rising incidence of cardiovascular diseases and the growing demand for minimally invasive procedures are expected to propel the market forward. The Asia Pacific market is projected to experience robust growth, with a significantly higher CAGR compared to other regions, making it a key driver of the global bioabsorbable vascular stents market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Bioabsorbable Vascular Stents Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Prevalence of Cardiovascular Diseases
- Advancements in Medical Technology and Innovation
- Growing Preference for Minimally Invasive Procedures
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Rising Demand for Biocompatible and Absorbable Stents: The rising demand for biocompatible and absorbable stents in the global bioabsorbable vascular stents market is driven by increasing patient preference for stents that are safer and more natural for the body. Traditional metal stents, while effective in treating cardiovascular diseases, remain in the body indefinitely, which can lead to long-term complications such as restenosis or thrombosis. Bioabsorbable stents, made from materials that gradually dissolve over time, offer the significant advantage of reducing these risks. This feature has become highly attractive to both healthcare providers and patients, as it eliminates the need for permanent implantation and minimizes the chances of adverse long-term effects.
The growing awareness among patients and healthcare providers about the benefits of bioabsorbable stents further fuels demand. These stents are designed to provide the necessary support to the artery during the critical healing period and are gradually absorbed by the body, reducing the risk of chronic complications. This natural process of absorption ensures that the stent does not remain in the body indefinitely, promoting healthier long-term outcomes. As healthcare systems and providers continue to prioritize patient safety and recovery, the demand for biocompatible and absorbable stents is projected to rise, particularly in developed markets where advanced medical technologies are in high demand.
Technological advancements in the materials used to produce bioabsorbable stents have led to the creation of more effective, durable, and biocompatible solutions. Innovations in polymer-based materials and improved manufacturing processes have made these stents more viable for widespread clinical use. This has increased their adoption, as healthcare professionals can now offer patients a treatment option that is not only effective in the short term but also safer and more aligned with long-term health goals. The growing demand for these advanced, patient-friendly options is thus expected to continue driving the market for bioabsorbable vascular stents.
Restraints:
- High Cost of Bioabsorbable Stents
- Limited Long-Term Clinical Data and Uncertainties
- Regulatory Hurdles and Approval Delays
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Competition from Conventional Metallic Stents: The competition from conventional metallic stents remains a significant restraint for the global bioabsorbable vascular stents market. Metallic stents, such as those made from stainless steel and cobalt-chromium alloys, have been the standard treatment for cardiovascular diseases for many years. They are widely used due to their proven efficacy, strength, and durability in treating blocked arteries. Although bioabsorbable stents offer several advantages, such as being absorbed by the body over time and reducing the risk of long-term complications, metallic stents continue to be preferred in many cases due to their established track record and lower initial cost.
Metallic stents are well-supported by a robust and established global supply chain, which contributes to their widespread availability and affordability. The cost-effectiveness and reliability of conventional stents make them a go-to choice for many healthcare providers, especially in regions with less access to advanced medical technologies. The availability of various types of metallic stents, including drug-eluting stents, which release medication to prevent restenosis, presents a strong competitive challenge to bioabsorbable alternatives. These drug-eluting metallic stents have been shown to significantly reduce the risk of artery re-narrowing, making them a competitive option despite the advantages bioabsorbable stents may offer.
The clinical track record of metallic stents, which have been in use for decades, adds to their continued dominance in the market. The long-term safety and effectiveness data available for metallic stents give both patients and healthcare professionals a sense of confidence, while the relatively newer bioabsorbable stents still face scrutiny in terms of long-term clinical outcomes. The ongoing preference for conventional metallic stents, driven by factors such as lower cost, established performance history, and strong market presence, presents a barrier for the widespread adoption and growth of bioabsorbable vascular stents.
Opportunities:
- Growing Healthcare Awareness in Emerging Markets
- Expansion of Reimbursement Policies for Advanced Stents
- Research and Development into Next-Generation Stent Materials
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Increasing Adoption of Bioabsorbable Stents in Developing Regions: The increasing adoption of bioabsorbable stents in developing regions is a key driver for the global bioabsorbable vascular stents market. As healthcare infrastructures improve in these regions, there is a growing emphasis on providing high-quality medical treatments to address the rising incidence of cardiovascular diseases. Bioabsorbable stents, which naturally dissolve in the body over time, are seen as a promising option for patients in developing regions due to their potential to reduce the long-term risks associated with traditional metallic stents, such as restenosis (re-narrowing of the artery) and chronic inflammation. This growing awareness of the benefits of bioabsorbable stents has led to an increase in their adoption in countries like India, China, and Brazil, where the burden of cardiovascular diseases is high.
The cost of healthcare in developing regions often puts pressure on both patients and healthcare systems. Bioabsorbable stents, while more expensive than conventional metallic stents, are viewed as offering long-term cost savings due to their ability to reduce the need for long-term follow-up procedures and complications associated with traditional stents. The potential for fewer repeat interventions, such as stent re-operations and the management of post-procedural complications, makes bioabsorbable stents an attractive alternative for countries with limited healthcare resources. This cost-effectiveness, coupled with the growing access to advanced medical technologies, is driving the adoption of bioabsorbable stents in developing regions.
Governments in many developing countries are increasingly focusing on improving healthcare access and adopting advanced technologies to address the healthcare needs of their growing populations. This is evident through various healthcare initiatives, partnerships with international medical companies, and investments in healthcare infrastructure. These efforts are contributing to the rising adoption of bioabsorbable stents, as these countries aim to provide their citizens with more innovative and effective treatment options. The increasing support for the medical device industry, along with expanding healthcare access, is expected to drive the growth of the bioabsorbable vascular stents market in these regions.
Competitive Landscape Analysis
Key players in Global Bioabsorbable Vascular Stents Market include,
- Abbott Laboratories
- Boston Scientific Corporation
- Medtronic plc
- Biotronik SE & Co. KG
- Terumo Corporation
- Elixir Medical Corporation
- REVA Medical, Inc.
- Arterial Remodeling Technologies
- Kyoto Medical Planning Co., Ltd.
- Amaranth Medical, Inc.
- S3V Vascular Technologies
- Tepha, Inc.
- Meril Life Sciences Pvt. Ltd.
- ICON Interventional Systems
- Stentys SA
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Material Type
- Market Snapshot, By Application
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Global Bioabsorbable Vascular Stents Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers:
- Increasing Prevalence of Cardiovascular Diseases
- Advancements in Medical Technology and Innovation
- Growing Preference for Minimally Invasive Procedures
- Rising Demand for Biocompatible and Absorbable Stents
- Restraints:
- High Cost of Bioabsorbable Stents
- Limited Long-Term Clinical Data and Uncertainties
- Regulatory Hurdles and Approval Delays
- Competition from Conventional Metallic Stents
- Opportunities:
- Growing Healthcare Awareness in Emerging Markets
- Expansion of Reimbursement Policies for Advanced Stents
- Research and Development into Next-Generation Stent Materials
- Increasing Adoption of Bioabsorbable Stents in Developing Regions
- Drivers:
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Bioabsorbable Vascular Stents Market, By Material Type, 2021 - 2031 (USD Million)
- Polymer-based Stents
- Metal-based Stents
- Global Bioabsorbable Vascular Stents Market, By Application, 2021 - 2031 (USD Million)
- Coronary Artery Disease
- Peripheral Artery Disease
- Global Bioabsorbable Vascular Stents Market, By End-User, 2021 - 2031 (USD Million)
- Hospitals
- Cardiac Centers
- Ambulatory Surgical Centers
- Global Bioabsorbable Vascular Stents Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Bioabsorbable Vascular Stents Market, By Material Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Abbott Laboratories
- Boston Scientific Corporation
- Medtronic plc
- Biotronik SE & Co. KG
- Terumo Corporation
- Elixir Medical Corporation
- REVA Medical, Inc.
- Arterial Remodeling Technologies
- Kyoto Medical Planning Co., Ltd.
- Amaranth Medical, Inc.
- S3V Vascular Technologies
- Tepha, Inc.
- Meril Life Sciences Pvt. Ltd.
- ICON Interventional Systems
- Stentys SA
- Company Profiles
- Analyst Views
- Future Outlook of the Market