Bioabsorbable stents, also known as naturally-dissolving stents, are comprised of materials that get absorbed in the body and act by expanding the internal ducts to clear the blockage caused by the deposition of plague. According to Marketstack, the Global Bioabsorbable Stents Market is expected to grow considerably during the forecasted period. Factors such as the increasing occurrences of coronary and peripheral artery diseases and the increased commercialization of these products are expected to drive the Bioabsorbable Stents Market in the forecasted period. Further, Metal bioabsorbable stents are luring medical device providers as they have the potential to perform similarly to stainless steel metal stents, which are expected to drive the Bioabsorbable Stents Market in the forecasted period. Furthermore, Increasing focus on clinical trials of stents, the ageing population and technological advancements in treatments are expected to drive the Bioabsorbable Stents Market in the forecasted period. However, stringent regulatory scenarios, high device costs, and safety issues are expected to restrain the Bioabsorbable Stents Market in the forecasted period.

Bioabsorbable implant stents can be utilized as a delivery device for agents like drugs and genes and may play a role in treating vulnerable plaque.

The bioabsorbable stents market is estimated to be driven by increasing coronary artery disease or peripheral artery disease among both the senior and younger populations. Increased percutaneous coronary intervention (PCI) procedures drive the global bioabsorbable stents market. The sales of bioabsorbable stents have surged due to increasing demand for less invasive treatments among heart patients worldwide. Further, the bioabsorbable stents market trend is projected to grow in the forecasted period due to the surge in cardiac patients' global adoption of medical implants. Increased government initiatives for researching and manufacturing bioabsorbable stents for the healthcare sector are considered the supplementing factor for market trends. Technical advancements in bio-absorbable material led by new product approvals and launches are also predicted to contribute to bioabsorbable stent market development.

Further, the several fringe advantages of using such stents are poised to create a favourable market for the sales of bioabsorbable stents. For instance, it can stop the loss of natural vasomotion and increase endothelial function over time. The treatment by implanting it also allows for vascular remodelling, making it the most regenerative feature of the product, and it is predicted to augment the bioabsorbable stent market in the forecasted period.

North America currently leads the market for bioabsorbable stents and is predicted to continue its stronghold for the forecasted period. North America holds the market share for bioabsorbable stents owing to the dominance of the top companies in the global market. There is also an increase in the ageing population, the prevalence of heart diseases, and technological advancements in the region. The emergence of metallic stents is another factor supporting the bioabsorbable stents market development in the forecasted period. The advances in vascular surgery have brought considerable focus on growth and newer ways to solve complex clinical problems. Using new alloys like magnesium and zinc led to the design and production of advanced bioabsorbable stents. These alloys raise the biocompatibility and flexibility of stents.

Moreover, launching stents made of biodegradable polymer is increasing the market growth due to this material reduces the restenosis rate and prevents re-clogging. The increasing popularity of minimally invasive procedures provides a significant opportunity for the bioabsorbable stents market due to their utilization in such practices. Minimally invasive procedures provide several advantages over traditional open surgeries, including shorter hospital stays, faster recovery times, and a lower risk of complications. Bioabsorbable stents are especially well-suited for minimally invasive procedures since they can be inserted through a small incision and gradually dissolve over time, eliminating the need for a permanent implant. As a result, they are an appealing treatment option for patients who are not satisfied candidates for conventional metal stents or prefer a less invasive treatment approach. The rising number of approvals for polymer-based stents in different regions and the surged focus on developing polymeric stents. Bioabsorbable stents/polymer-based bioabsorbable stents consist of materials that can completely dissolve in the body. These are utilized both in peripheral and coronary artery disease. Most bioabsorbable stents are created by polylactic acid, a naturally dissolvable material. However, the polymer materials, such as polyesters, corrodible metals, polycarbonates, and bacterial-derived polymers, are under investigation for developing the next-generation bioabsorbable stents.

The market key players are Boston Scientific Corporation, Arterius Limited, Kyoto Medical Planning Co. Ltd, Elixir Medical Corporation, and Terumo Corporation.

In March 2022, medical device firm S3V Vascular Technologies decided to establish an INR 250 crore stent-producing facility at the Telangana Medical Devices Park near Hyderabad.

In February 2022, The Ultrathin Strut Orsiro Coronary Drug-Eluting Stent by BIOTRONIK set a new clinical benchmark. The final five-year data from the BIOFLOW-V trial confirms Orsiro DES's superior safety, making Orsiro's status the clinical benchmark for DES.

Our Global Bioabsorbable Stents Market report provides deep insight into the current and future state of the Medical Gases market across various regions. Also, the study comprehensively analyzes the Bioabsorbable Stents market by segments based on the Product Type (Polymer-based Bioabsorbable Stents, Metal-based Bioabsorbable Stents), Application (Coronary Artery Disease, Peripheral Artery Disease) Absorption Rate (Slow absorption Rate, Fast absorption Rate), End User (Hospital and Other end User), and by Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of COVID-19, are influencing the market growth in detail. The study covers & includes emerging market trends, market developments, market opportunities, market size, market analysis, market dynamics, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market share and projects.