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PUBLISHER: IMARC | PRODUCT CODE: 1225311
PUBLISHER: IMARC | PRODUCT CODE: 1225311
Bioabsorbable Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global bioabsorbable stents market size reached US$ 379.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 620.2 Million by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
Bioabsorbable stents (BRS) are coated with an antiproliferative drug or gene that dissolves over time to restore vessel patency and permit remodeling while retaining recoil. It helps in regulating blood flow at branch points and limiting the amount of blood to areas of the vascular network while maintaining the flow at low perfusion. It also improves lesion imaging with cardiac computed tomography (CT) and magnetic resonance imaging (MRI). In addition, it leaves no residual scaffold, reduces vessel irritation and inflammation, and facilitates repeat treatments to the same site. As a result, BRS finds extensive applications in hospitals and cardiac centers across the globe.
Bioabsorbable Stents Market Trends:
- The growing prevalence of cardiovascular diseases due to an unhealthy diet, physical inactivity, and excessive consumption of tobacco and alcohol represents one of the factors driving the market. Moreover, there is a rise in the utilization of percutaneous coronary intervention (PCI) procedures to open a blocked artery for carrying oxygen-rich blood through the body. This, along with the expanding healthcare industry, is contributing to the growth of the market. Besides this, the increasing awareness among the masses about the benefits of bioabsorbable stents is offering lucrative growth opportunities to industry investors. In addition, the growing demand for minimally invasive procedures due to less postoperative pain, fewer operative and postoperative complications, shortened hospital stay, and faster recovery times is positively influencing the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce SLENDER integrated delivery system (IDS) fixed-wire and DIRECT RX bioabsorbable rapid-exchange drug-eluting stent (DES) systems to treat coronary artery disease. They are also focusing on developing polymer-based stents, which is expected to bolster the growth of the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global bioabsorbable stents market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on biomaterial, absorption rate, application and end user.
Breakup by Biomaterial:
- Polymer-based Bioabsorbable Stents
- Metal-based Bioabsorbable Stents
Breakup by Absorption Rate:
- Slow-Absorption Stents
- Fast-Absorption Stents
Breakup by Application:
- Coronary Artery Disease
- Peripheral Artery Disease
Breakup by End User:
- Hospitals
- Cardiac Centers
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Arterius Limited, B. Braun SE, Biotronik SE & Co. KG, Boston Scientific Corporation, Elixir Medical Corporation, Kyoto Medical Planning Co. Ltd., Lepu Medical Technology (Beijing) Co. Ltd., Meril Life Sciences Pvt. Ltd., Reva Medical LLC and Terumo Corporation.
- Key Questions Answered in This Report
- 1. What was the size of the global bioabsorbable stents market in 2022?
- 2. What is the expected growth rate of the global bioabsorbable stents market during 2023-2028?
- 3. What are the key factors driving the global bioabsorbable stents market?
- 4. What has been the impact of COVID-19 on the global bioabsorbable stents market?
- 5. What is the breakup of the global bioabsorbable stents market based on the biomaterial?
- 6. What is the breakup of the global bioabsorbable stents market based on the absorption rate?
- 7. What is the breakup of the global bioabsorbable stents market based on the application?
- 8. What is the breakup of the global bioabsorbable stents market based on the end user?
- 9. What are the key regions in the global bioabsorbable stents market?
- 10. Who are the key players/companies in the global bioabsorbable stents market?
Product Code: SR1423A152_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Bioabsorbable Stents Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Biomaterial
- 6.1 Polymer-based Bioabsorbable Stents
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Metal-based Bioabsorbable Stents
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Absorption Rate
- 7.1 Slow-Absorption Stents
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Fast-Absorption Stents
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Coronary Artery Disease
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Peripheral Artery Disease
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End User
- 9.1 Hospitals
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Cardiac Centers
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Abbott Laboratories
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Arterius Limited
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 B. Braun SE
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Biotronik SE & Co. KG
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 SWOT Analysis
- 15.3.5 Boston Scientific Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Elixir Medical Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Kyoto Medical Planning Co. Ltd.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Lepu Medical Technology (Beijing) Co. Ltd.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 Meril Life Sciences Pvt. Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Reva Medical LLC
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Terumo Corporation
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.1 Abbott Laboratories
Product Code: SR1423A152_Report
List of Figures
- Figure 1: Global: Bioabsorbable Stents Market: Major Drivers and Challenges
- Figure 2: Global: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Bioabsorbable Stents Market: Breakup by Biomaterial (in %), 2022
- Figure 5: Global: Bioabsorbable Stents Market: Breakup by Absorption Rate (in %), 2022
- Figure 6: Global: Bioabsorbable Stents Market: Breakup by Application (in %), 2022
- Figure 7: Global: Bioabsorbable Stents Market: Breakup by End User (in %), 2022
- Figure 8: Global: Bioabsorbable Stents Market: Breakup by Region (in %), 2022
- Figure 9: Global: Bioabsorbable Stents (Polymer-based Bioabsorbable Stents) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Bioabsorbable Stents (Polymer-based Bioabsorbable Stents) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Bioabsorbable Stents (Metal-based Bioabsorbable Stents) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Bioabsorbable Stents (Metal-based Bioabsorbable Stents) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Bioabsorbable Stents (Slow-Absorption Stents) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Bioabsorbable Stents (Slow-Absorption Stents) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Bioabsorbable Stents (Fast-Absorption Stents) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Bioabsorbable Stents (Fast-Absorption Stents) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Bioabsorbable Stents (Coronary Artery Disease) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Bioabsorbable Stents (Coronary Artery Disease) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Bioabsorbable Stents (Peripheral Artery Disease) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Bioabsorbable Stents (Peripheral Artery Disease) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Bioabsorbable Stents (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Bioabsorbable Stents (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Bioabsorbable Stents (Cardiac Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Bioabsorbable Stents (Cardiac Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: North America: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: North America: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: United States: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: United States: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Canada: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Canada: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Asia-Pacific: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Asia-Pacific: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: China: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: China: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Japan: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Japan: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: India: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: India: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: South Korea: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: South Korea: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Australia: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Australia: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Indonesia: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Indonesia: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Others: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Others: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Europe: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Europe: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Germany: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Germany: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: France: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: France: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: United Kingdom: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: United Kingdom: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Italy: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Italy: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Spain: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Spain: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Russia: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Russia: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Others: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Others: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Latin America: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Latin America: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Brazil: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Brazil: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Mexico: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Mexico: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Others: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Others: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Middle East and Africa: Bioabsorbable Stents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Middle East and Africa: Bioabsorbable Stents Market: Breakup by Country (in %), 2022
- Figure 73: Middle East and Africa: Bioabsorbable Stents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Global: Bioabsorbable Stents Industry: SWOT Analysis
- Figure 75: Global: Bioabsorbable Stents Industry: Value Chain Analysis
- Figure 76: Global: Bioabsorbable Stents Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Bioabsorbable Stents Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Bioabsorbable Stents Market Forecast: Breakup by Biomaterial (in Million US$), 2023-2028
- Table 3: Global: Bioabsorbable Stents Market Forecast: Breakup by Absorption Rate (in Million US$), 2023-2028
- Table 4: Global: Bioabsorbable Stents Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Bioabsorbable Stents Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: Bioabsorbable Stents Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Bioabsorbable Stents Market: Competitive Structure
- Table 8: Global: Bioabsorbable Stents Market: Key Players
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