Bioabsorbable Stents Market to Grow at 6.4% CAGR, surpassing $560 Million by 2031 | Rising Demand for Minimally Invasive Solutions – TMR Analysis

The global Bioabsorbable Stents Market, valued at US$ 375.5 million in 2022, is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2031, reaching a valuation of US$ 560.1 million by the end of the forecast period. It is witnessing substantial growth, driven by the rising prevalence of cardiovascular diseases, increased healthcare expenditure, and growing awareness about the benefits of bioabsorbable stents.

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Market Overview

Bioabsorbable stents have emerged as a revolutionary solution in interventional cardiology, offering temporary scaffolding to arteries while eliminating the long-term risks associated with permanent metallic stents. The increasing prevalence of cardiovascular diseases (CVDs), technological advancements, and rising patient preference for minimally invasive procedures are key drivers fueling the market growth.

"With bioabsorbable stents gaining significant traction in the treatment of coronary artery disease, the industry is witnessing a surge in research and development activities focused on enhancing stent efficacy and safety," said TMR Research.

Key Market Trends and Drivers

Several factors are driving the growth of the bioabsorbable stents market:

• Rising Cardiovascular Disease Burden – The increasing incidence of coronary artery disease and other cardiovascular conditions is accelerating the demand for advanced stent technologies.
• Technological Innovations in Stent Materials – The development of next-generation bioresorbable polymer-based stents is enhancing patient outcomes and reducing complications.
• Growing Preference for Minimally Invasive Procedures – Patients and healthcare providers are increasingly opting for minimally invasive treatment options, boosting the adoption of bioabsorbable stents.
• Regulatory Approvals and Market Expansion – Continuous regulatory support and new product approvals are fostering market growth.
• Strategic Collaborations and Research Investments – Leading companies are engaging in mergers, acquisitions, and partnerships to enhance product portfolios and market penetration.

Recent Developments

• Abbott (2023) – Expanded clinical trials for its latest-generation bioabsorbable stent technology to enhance safety and long-term efficacy.
• BIOTRONIK (2023) – Launched an innovative bioresorbable scaffold aimed at improving arterial healing and reducing restenosis rates.
• Boston Scientific (2023) – Invested in R&D initiatives to develop next-generation bioabsorbable stents with improved polymer composition and dissolution rates.

Competitive Landscape

The bioabsorbable stents market is highly competitive, with leading companies focusing on technological advancements and strategic partnerships. Key players include:

• Amaranth Medical
• Arterial Remodeling Technologies
• Arterius Limited
• B. Braun Melsungen AG
• Biotronik SE & Co. KG
• Boston Scientific Corporation
• Elixir Medical Corporation
• Kyoto Medical Planning Co. Ltd.
• Microport Scientific Corporation
• Reva Medical
• Terumo Corporation

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Analyst Perspective

The bioabsorbable stents market is witnessing substantial growth, driven by the rising prevalence of cardiovascular diseases, increased healthcare expenditure, and growing awareness about the benefits of bioabsorbable stents. These stents, which dissolve after providing temporary support to arteries, are gaining traction due to their ability to reduce long-term complications associated with traditional metal stents. The surge in adoption among healthcare professionals and patients, coupled with the growing demand for minimally invasive procedures—particularly among the elderly population—is further fueling market expansion.

Additionally, advancements in medical technology and the shift toward patient-friendly treatment options are contributing to the positive trajectory of the bioabsorbable stents market, creating significant opportunities for innovation and growth. 

Future Outlook

The bioabsorbable stents market is set for significant growth, driven by innovation, regulatory approvals, and expanding applications in cardiovascular treatments. The increasing focus on biocompatible and biodegradable materials is expected to further enhance market adoption.

“As bioabsorbable stents continue to evolve, future advancements will focus on improving stent durability, reducing inflammation, and optimizing resorption rates,”

Market Segmentation

The bioabsorbable stents market is segmented based on biomaterial, application, absorption rate, and end-user to provide a comprehensive understanding of the industry landscape.

By Biomaterial

• Bioabsorbable Polymer-based Stents: Made from biodegradable polymers that dissolve over time.
• Bioabsorbable Metallic Stents: Composed of absorbable metals like magnesium alloys.

By Application

• Coronary Artery Disease: Used to treat blockages in the coronary arteries.
• Peripheral Artery Disease: Applied for blockages in peripheral arteries, such as those in the legs.

By Absorption Rate

• Slow Absorption Rate: Stents designed to dissolve gradually over an extended period.
• Fast Absorption Rate: Stents that dissolve more quickly, providing temporary support.

By End-User

• Hospitals: Primary settings for stent implantation procedures.
• Cardiac Centers: Specialized facilities focused on cardiovascular treatments.
• Ambulatory Surgical Centers: Increasingly used for minimally invasive stent procedures.

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Regional Insights

• North America dominates the market due to high cardiovascular disease prevalence, advanced healthcare infrastructure, and strong regulatory frameworks.
• Europe follows as a key region, driven by increasing adoption of advanced medical technologies and government healthcare initiatives.
• Asia-Pacific is projected to experience the fastest growth, fueled by rising healthcare investments, an aging population, and growing awareness of bioabsorbable stents.

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