Discover trends, market shifts, and competitive outlooks for the bioabsorbable stents industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the Bioabsorbable Stents Market From 2025 To 2029?

In recent years, the market size for bioabsorbable stents has seen robust growth. The market is set to expand from $0.37 billion in 2024 to $0.41 billion in 2025, following a compound annual growth rate (CAGR) of 9.9%. Factors contributing to growth during the historical period include an escalating occurrence of cardiovascular diseases, a surge in demand for procedures that are minimally invasive, enhanced understanding of bioabsorbable stents, growth of disposable incomes, and investments within the industry.

The market for bioabsorbable stents is predicted to experience substantial growth in the coming years, reaching an estimated value of $0.59 billion in 2029 with a compound annual growth rate (CAGR) of 9.8%. This projected growth during the forecast period can be credited to factors like broader clinical applications, customized and individualized approaches, international expansion, and more patient-comfortable options. Leading trends during this period are expected to involve progress in bioabsorbable materials, clinical advancements, extensive clinical data and research, hybrid stent models, extended absorption times, and strategic collaborations and partnerships.

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What Are the Major Market Drivers Behind the Rising Adoption of Bioabsorbable Stents Market?

The bioabsorbable stents market is anticipated to experience a boost owing to the escalating heart failure rates. Heart failure, symptomatic of the heart muscle’s diminished capacity to pump blood effectively causing fluid to build up in the body, can be managed using bioabsorbable stents. These stents aid in improving cardiac function and alleviating the symptoms of heart failure. As noted by the Heart and Stroke Foundation of Canada, as of February 2022, 750,000 individuals are currently diagnosed with heart failure. This figure is increasing by 100,000 new cases yearly, underscoring the incurable nature of this condition. It is forecasted that by the year 2030, heart failure-related healthcare costs in Canada will skyrocket to an annual figure of $2.8 billion. Thus, the escalating heart failure rates will propel the growth of the bioabsorbable stents market in the future.

Which Key Market Segments Comprise the Bioabsorbable Stents Market and Drive Its Revenue Growth?

The bioabsorbable stents market covered in this report is segmented –

1) By Product Type: Polymer-Based Bioabsorbable Stents, Metal-Based Bioabsorbable Stents

2) By Absorption Rate: Slow- Absorption Stents, Fast- Absorption Stents

3) By Applications: Coronary Artery Diseases, Peripheral Artery Diseases

Subsegments:

1) By Polymer-Based Bioabsorbable Stents: PLGA (Poly(Lactic-Co-Glycolic Acid)) Stents, PGA (Polyglycolic Acid) Stents, PLLA (Poly(L-Lactic Acid)) Stents, Other Biodegradable Polymer Stents

2) By Metal-Based Bioabsorbable Stents: Magnesium-Based Stents, Iron-Based Stents, Zinc-Based Stents, Other Metal-Based Bioabsorbable Stents

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Which Areas Are Leading Regions in the Bioabsorbable Stents Market Expansion Across the Globe?

North America was the largest region in the bioabsorbable stents market in 2023. Western Europe was the second-largest region in the bioabsorbable stents market report. The regions covered in the bioabsorbable stents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Are the Strategic Trends Steering the Bioabsorbable Stents Market Direction?

Prominent enterprises in the bioabsorbable stents market are prioritising the innovation of new technologies such as the newest version of Bioresorbable Cardiac Stent, in order to enhance their market profitability. This contemporary generation of bioresorbable cardiac stents are sophisticated medical devices meant for treating coronary artery disease. They are composed of biodegradable materials that gradually dissolve after they have fulfilled their purpose of keeping the artery unblocked. For instance, in July 2024, MicroPort Scientific Corporation, a medical device manufacturer based in China, obtained market clearance from China’s National Medical Products Administration (NMPA) for the global first next-generation entirely bioresorbable cardiac stent. Firesorb, created by MicroPort Scientific Corporation, is designed to totally dissolve within three years, substantially minimizing long-term issues like thrombosis. Clinical trials with 1,468 participants have demonstrated outstanding outcomes, including a thrombosis rate of merely 0.32% and a target lesion failure rate of a mere 4.3% over four years. Its cutting-edge thin strut design and exceptional endothelial coverage compared to older stent generations have been lauded by top medical experts.

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How Is the Bioabsorbable Stents Market Conceptually Defined?

Bioabsorbable stents are tubes inserted into blood vessels to unblock passageways and dissolve in the body after a period of time.

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