The bioabsorbable stents market was worth US$ 159.6 million in 2021 and is predicted to be worth US$ 165.4 million by the end of 2022. The market is expected to grow at a CAGR of 4.2%, hitting US$ 248.5 Million by 2032. According to a recent study, coronary artery stents will account for around 76.3% of the worldwide bioabsorbable stents market in 2021.

Bioabsorbable stents function like normal medical stents. The main difference between regular stents and bioabsorbable stents is the material which is used in their manufacturing; bioabsorbable stents use material which is easily absorbed in the body.

The global bioabsorbable stents market is poised to reach a value of around US$ 350 Million by the end of 2022 and is anticipated to grow at a robust CAGR during the period of forecast of 2017 to 2022.

Coronary artery disease (CAD) is the leading cause of death worldwide. Bioabsorbable polymeric stents have grown in popularity due to its ability to cure CAD without producing long-term complications. Bioabsorbable polymeric stents (BMSs) have undergone a sustained revolution in terms of material processing, mechanical performance, and biodegradability. According to the study, end users choose biodegradable polymers and copolymers as material choices for bioabsorbable stents.

Key Players Included in the Bioabsorbable Stents Market:

  • Boston Scientific Corporation
  • Meril Life Sciences Pvt. Ltd.
  • Medtronic Plc
  • Smith & Nephew Plc
  • Stryker Corporation
  • Wright Medical Group
  • KLS Martin
  • BIOTRONIK Ltd
  • Syntellix AG
  • Q3 Medical Devices Limited.
  • JW Medical Systems LTD
  • ORBUSNEICH MEDICAL
  • Abbott Vascular

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Key Market Segments Covered in Bioabsorbable Stents Industry Research

By Stents:

  • Coronary Artery Stents
  • Peripheral Artery Stents
  • Non-vascular Stents
    • Esophageal Stents
    • Billary Stents

By Material:

  • Metallic
  • Ceramic
  • Polymers
    • PGA
    • PLA
    • Co-Polymer

By Application:

  • Cardiovascular
  • Orthopedics
  • Cosmetic Surgery
  • General Surgery
  • Cranial
  • Others

By End User:

  • Hospitals
  • Speciality Clinics
  • Ambulatory surgical Centers