According to a new report published by Allied Market Research, titled, โ€œBioabsorbable stents Market by Biomaterial, Application and End User: Global Opportunity Analysis and Industry Forecast, 2020โ€“2027,” the global bioabsorbable stents market size was valued at $0.2836 billion in 2019, and is projected to reach $0.3089 billion by 2027, registering a CAGR of 5.6% from 2020 to 2027.

๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ :

The key players operating in the global bioabsorbable stents market include Arterial Remodeling Technologies, Arterius Limited, B. Braun Melsungen AG, Biotronik SE & Co. KG, Boston Scientific Corporation, the Elixir Medical Corporation, Microport Scientific Corporation, Kyoto Medical Planning Co. Ltd., Reva Medical, and Terumo Corporation

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜

  • On the basis of biomaterial, the polymeric stents segment was the highest contributor to the bioabsorbable stents market in 2019.
  • By application, the coronary artery disease segment was the highest contributor to the bioabsorbable stents market in 2019.
  • According to end use, the hospital segment is anticipated to register fastest CAGR during the forecast period.
  • Region wise, North America accounted for the largest revenue share in 2019; while Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

๐…๐จ๐ซ ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ

Increase in technological advancements in stents, rise in prevalence of cardiac diseases, surge in geriatric population, and growth in demand for percutaneous coronary intervention (PCI) procedures and minimally invasive procedures are the major factors that boost the bioabsorbable stents market growth. In addition, lack of physical activity and unhealthy diet habits which lead to the development of cardiovascular diseases further propel the market growth. The bioabsorbable stents help in restoring the flow of blood and support the blood vessel through the healing process. Moreover, these stents reabsorb or disappear automatically after some days from the treated site, which has advantages like reduction in late-stent thrombosis. These stents are compatible in paediatrics surgery, which does not require any repeat surgical removal and facilitate the vessel growth. Most of these stents are made of polylactic acid, which is a naturally dissolving material. In addition, the polymer materials like corrodible metals, polycarbonates, and bacterial derived polymers are under trial for the development of new bioabsorbable stents. Rise in demand for polymeric materials by patients and physicians propel the need for bioabsorbable stents and thereby support the market growth. 

The implementation of lockdown has delayed the percutaneous coronary intervention (PCI) procedure up to six months; thereby, having a minimal negative impact on the market. Due to COVID-19 pandemic, many hospitals across the globe, including cardiac catheterization were restructured to increase the hospital capacity for the patient diagnosed with COVID-19. This leads to cancellation of many non-essential surgical procedures and also the quality of care toward the patients other than COVID-19 decreases.

The bioabsorbable stents market is segmented on the basis of biomaterial, application, end user, and region. On the basis of biomaterial, the market is divided into polymeric stents and metallic stents. The polymeric stents segment dominated the market in 2019 because of its use by various companies, physicians, and patients due to less inflammatory response, complete drug elution, and low risk of associated complications. ย 

๐—š๐—ฒ๐˜ ๐——๐—ฒ๐˜๐—ฎ๐—ถ๐—น๐—ฒ๐—ฑ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ

๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โ€œMarket Research Reportsโ€ and โ€œBusiness Intelligence Solutions.โ€ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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