"Designing Growth Strategies is in our DNA"
The global bioresorbable coronary stents market size was valued at USD 340.5 million in 2024. The market is projected to grow from USD 356.0 million in 2025 to USD 520.4 million by 2032, exhibiting a CAGR of 5.6% during the forecast period. North America dominated the bioresorbable coronary stents market with a market share of 38.59% in 2024.
A bioresorbable coronary stent, also known as a bioresorbable scaffold or biodegradable stent, is an implant to open blocked heart arteries. Unlike traditional metal stents, these stents are designed to be absorbed by the body over time, potentially reducing long-term complications. They are typically made of polymers or metals that degrade and are eventually eliminated from the body.
The increasing demand for bioresorbable coronary stents is primarily driven by the rising prevalence of cardiovascular diseases and the need for minimally invasive procedures. These stents offer advantages such as the potential for restored vasomotion and reduced long-term complications. This is expected to increase their adoption, driving the global market growth over the forecast period.
Key players in the market include Boston Scientific Corporation, Terumo Corporation, and MicroPort Scientific Corporation. These players focus on expanding their geographic presence and product portfolio to capture a significant market share.
Rising Prevalence of Coronary Artery Diseases to Fuel Market Growth
The increasing prevalence of coronary heart diseases globally is driving the need for frequent intervention, thereby fueling the usage of bioresorbable coronary stents. In coronary artery disease, they offer several potential advantages, including restoring natural vessel function, avoiding long-term metallic presence, and potentially reducing the risk of late stent thrombosis.
Increasing consumption of alcohol, excessive smoking, sedentary lifestyles, and growing stress levels are increasing the susceptibility to cardiac conditions. Moreover, the aging population is also a significant factor posing a higher risk of coronary artery disease, thus driving the global bioresorbable coronary stents market growth.
Competition from Drug-Eluting and Metallic Stents May Hamper Market Growth
Drug-eluting and bare metal stents, which are well-established and have a proven track record, may pose significant competition to bioresorbable coronary stents. Their established efficacy, durability, and lower cost make them a preferred choice in various cases. This is expected to hinder the adoption of these stents.
Moreover, the early clinical trials have shown promising results. However, bioresorbable coronary stents' long-term safety and efficacy are under investigation. More robust and extensive clinical data are needed to fully establish their long-term benefits and address potential long-term complications, such as restenosis. This scenario may hamper the market growth in the coming years.
Improving Healthcare Infrastructure and Increasing Awareness of Heart Diseases in Developing Regions to Encourage Market Expansion
In recent years, there has been an increasing awareness about coronary artery disease and its available treatment options in developing countries, which can generate significant growth opportunities for the market expansion.
Moreover, the higher focus on expanding cardiology services by multispecialty hospitals is expected to cater to the growing demand for coronary artery interventions, further propelling the utilization of bioresorbable coronary stents.
High Costs of Bioresorbable Coronary Stents May Hamper Market Growth
Innovative devices such as bioresorbable coronary stents utilize advanced biomaterials and manufacturing processes, often resulting in elevated production expenses. Consequently, the higher prices may deter healthcare providers and patients, limiting their widespread adoption.
This high cost acts as a barrier to entry in price-sensitive regions and countries with limited reimbursements. Moreover, substantial investments are needed to meet safety standards and conduct extensive long-term clinical studies. These factors are expected to limit the availability of advanced devices and hinder the overall market growth.
Innovations in Bioresorbable Coronary Stents are a Key Market Trend
The ongoing research and development efforts are focused on improving bioresorbable coronary stents' performance, safety, and efficacy. This includes exploring new materials, optimizing stent design, and developing stents with improved drug capabilities.
Moreover, incorporating biosensors into these stents offers the potential for real-time patient monitoring and personalized treatment approaches. This can lead to more timely interventions and improved patient outcomes. Additionally, introducing hybrid designs that combine bioresorbable and permanent stent components may offer a balance of benefits, potentially improving long-term outcomes and addressing few limitations of fully bioresorbable stents.
Download Free sample to learn more about this report.
The COVID-19 pandemic negatively impacted market growth in 2020. This was mainly due to the shift of the healthcare systems toward prioritizing COVID-19 treatments. This led to postponement or cancellations of surgical procedures, including coronary stent placements.
However, the market regained momentum in 2021 due to frequent interventions postponed during the early phase of the COVID-19 outbreak. Moreover, major players experienced significant growth in their cardiovascular businesses due to higher product sales to cater to the rising surgical procedures. The market is projected to witness faster growth in the coming years due to the increasing burden of cardiac disorders, further leading to coronary interventions.
Advancements in Metal-based Stents Contributed to Segment Growth
Based on material, the market is classified into metal and polymer.
The metal segment dominated the market in 2024. This growth is attributed to technological advancements in metal-based biosorbable stents, which enhance their outcomes in treating coronary artery diseases. This is expected to increase the utilization of metal-based stents in the coming years.
The polymer segment is expected to grow significantly in the coming years. The adoption of polymer-based stents is growing due to their potential to overcome limitations associated with metallic stents, such as prolonged anticoagulation. This is anticipated to fuel the segment’s growth in the coming years.
High Burden of Coronary Artery Disease Fueled Chronic Coronary Syndrome (CCS) Segment Growth
Based on application, the market is classified into acute coronary syndrome (ACS) and chronic coronary syndrome (CCS).
The chronic coronary syndrome (CCS) segment dominated the market in 2024. The growth can be attributed to the increasing cases of coronary artery disease. Bioresorbable vascular scaffolds (BVS) have emerged as a significant advancement in treating coronary lesions, which is expected to fuel the segment's growth in the coming years.
The acute coronary syndrome (ACS) segment held a substantial market share in 2024. This growth is attributed to the increasing percutaneous coronary intervention (PCI) procedures for treating ACS, which may involve the usage of bioresorbable coronary stents.
Strategic Openings of Cardiovascular Facilities Augmented Hospitals & ASCs Segment Growth
Based on the end-user, the bioresorbable coronary stents market is segmented into hospitals & ASCs, specialty clinics, and others.
The hospitals & ASCs segment dominated the market in 2024. The segment's dominance is attributed to the increasing number of angioplasties in hospital settings, which involves stent placement. Moreover, the increasing number of new ASCs also supports the significant number of procedures performed, which is expected to contribute to the segment’s growth.
The specialty clinics segment held the second-largest share in 2024. The growth is attributed to the increasing number of cardiology clinics globally, thereby increasing the availability of specialty care to patients and further driving the cardiac interventions.
By region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America Bioresorbable Coronary Stents Market Size, 2024 (USD Million)
To get more information on the regional analysis of this market, Download Free sample
North America accounted for the largest market share in 2024. The bioresorbable coronary stents market in North America stood at USD 131.4 million in 2024. This market growth can be attributed to a well-established healthcare infrastructure, which may support a significant number of coronary interventions and increase the adoption of advanced devices such as bioresorbable coronary stents.
In the U.S., high burden of coronary artery diseases due to increased alcohol consumption is driving the demand for cardiovascular surgeries, expanding the usage of bioresorbable stents.
The market in Europe held the second-largest share in 2024. Strong emphasis of prominent players on introducing their bioresorbable coronary stents to the European market is expected to drive the market growth during the forecast period. Moreover, the increasing obesity rates in the region are expected to result in an increased incidence of CAD, further driving the market growth.
Asia Pacific held the third-largest share of the market in 2024. The increasing population of smokers and the burdensome lifestyle of individuals are posing a major risk to heart health, leading to coronary artery disease. This is surging the number of stent placements in the region, which is expected to propel the market growth over the forecast period.
The Latin America and Middle East & African markets held a lower share in 2024. The growth of these markets is attributed to the rising prevalence of traditional risk factors such as dyslipidemia, hypertension, and diabetes, coupled with lifestyle changes such as physical inactivity, further driving the need for coronary intervention.
Emphasis of Market Players on Strategic Acquisitions and Expand Product Portfolio Aids in Enhancing Their Market Share
Boston Scientific Corporation, Terumo Corporation, and MicroPort Scientific Corporation accounted for the largest global bioresorbable coronary stents market share in 2024. This dominant share is attributed to the increasing focus of these companies on introducing new products.
Moreover, other players, such as Lepu Medical, Elixir Medical, and others, are focused on expanding their geographic presence through partnerships, new facility launches, and the commercialization of their products in untapped markets. Such initiatives are expected to help them capitalize on the market with a significant share.
The market analysis provides market size & forecast by material, application, and end-user segment. It includes market dynamics and trends anticipated to drive the market growth during the projection period. It provides information on the prevalence of coronary artery disease (CAD), technological advancements, and key industry developments. The report covers a detailed competitive landscape with information on the market share and company profiles of major companies.
To gain extensive insights into the market, Download for Customization
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2019-2032 |
|
Base Year |
2024 |
|
Estimated Year |
2025 |
|
Forecast Period |
2025-2032 |
|
Historical Period |
2019-2023 |
|
Growth Rate |
CAGR of 5.6% from 2025-2032 |
|
Unit |
Value (USD Million) |
|
Segmentation |
By Application
|
|
By End-user
|
|
|
By Geography
|
Fortune Business Insights says that the global market value stood at USD 340.5 million in 2024 and is projected to reach USD 520.4 million by 2032.
In 2024, the market value stood at USD 131.4 million.
The market is expected to exhibit a CAGR of 5.6% during the forecast period of 2025-2032.
The metal segment led the market by material.
The key factors driving the market are the increasing prevalence of coronary artery disease and technological advancements.
Boston Scientific Corporation, Terumo Corporation, and MicroPort Scientific Corporation are the top players in the market.
North America dominated the market in 2024.
Related Reports
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )