Bioabsorbable Stents Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Bioabsorbable Stents Market – Report Overview

Pacific Business Consulting’s “Bioabsorbable Stents Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Bioabsorbable Stents market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Bioabsorbable Stents market surpassed a valuation of US$ 180.0 million and is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 6.0% from 2023 to 2030. The market is expected to potentially exceed US$ 450.0 million by 2030.

The landscape of stent development techniques is undergoing significant transformation, with manufacturers predicted to observe substantial opportunities in the future due to an exhaustive range of manufacturing modalities. Currently, there are five techniques for stent manufacturing, including etching laser cutting, electroforming, micro-electro discharge machining, and die-casting.

In recent years, 3D printing technology has gained significant adoption, particularly due to the incapability of biodegradable stent materials to be processed with traditional methods. Biological 3D printing technology has garnered attention in this context.

Manufacturers are shifting their bases from developed markets to emerging economies like China, attracted by significant opportunities and the potential for resource concentration in these burgeoning markets.

While the bioabsorbable stents market currently represents a negligible share of the global stents market, advancements in bioabsorbable stents are expected to drive steady market growth. The initial generation of stents, known as BMS, was composed of various materials, including cobalt-chromium, tantalum, platinum-iridium alloys, nitinol, and stainless steel. Coated stents, biodegradable stents, and drug-eluting stents emerged as solutions to address issues with bare metal stents, leading to a decrease in restenosis rates.

Bioabsorbable stents, designed to break down into natural by-products after fulfilling their primary supportive role for diseased lesions, are gaining prominence. Their quick implantation and decomposition make them particularly suitable for patients of all ages, especially children, thereby boosting adoption in the next decade.

The demand for bioabsorbable stents is expected to rise due to the widespread prevalence of Cardiovascular Diseases (CVD), driven by their efficiency and reduced adverse effects. Influencers in the market extend beyond doctors to include hospital administrators, regulators, and other non-clinicians, presenting diverse goals such as cost-effectiveness and a shift towards population-level usefulness.

Intensifying competition in the medical products industry, particularly in blockbuster categories like bioabsorbable coronary stents, is leading to an influx of manufacturers. As established players face challenges in identifying high-impact scientific innovations, smaller firms are gaining market stakes by offering innovative business models at reduced prices. Increased price transparency, facilitated by the growing use of tenders, is providing a competitive edge to low-cost participants.

Key players in the Bioabsorbable Stents segment, including Medtronic Plc., Smith & Nephew Plc., Stryker Corporation, Wright Medical Group, KLS Martin, Boston Scientific Corporation, Meril Life Sciences Pvt. Ltd., Syntellix AG, Q3 Medical Devices Limited, and JW Medical Systems Ltd, are anticipated to play a crucial role in shaping the future landscape of Bioabsorbable Stents technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Bioabsorbable Stents market. It also delves into the analysis of present and prospective market competition within the global Bioabsorbable Stents market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

• Develop your business strategies by gaining insights into the trends that shape and drive the Bioabsorbable Stents market across the 10MM (Ten Major Markets).
• Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Bioabsorbable Stents market.
• Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
• Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
• Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.

1. Executive Summary: Bioabsorbable Stents
   • Global Market Outlook: Bioabsorbable Stents
2. Competitive Intelligence Analysis: Bioabsorbable Stents
3. Therapeutic Sector SWOT
4. Technology Roadmap Analysis: Bioabsorbable Stents
5. Market Background
   • Drivers
   • Restraints
   • Opportunity
   • Key Market Trends
   • Key Unmet Needs
6. Key Marketed Products Profile – Major Approved Products: Bioabsorbable Stents
   • Product Profile
   • Safety and Efficacy
7. Regulatory Landscape
8. Bioabsorbable Stents: Ten Major Market (10MM) – Market Analysis, By Stent Type
   • Coronary Artery Stents
   • Peripheral Artery Stents
   • Non-vascular Stents
9. Bioabsorbable Stents: Ten Major Market (10MM) – Market Analysis, By Material
   • Metallic
   • Ceramic
   • Polymers
10. Bioabsorbable Stents: Ten Major Market (10MM) – Market Analysis, By End User
    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Clinics
11. Bioabsorbable Stents: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

12. S. Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

13. K. Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

14. Germany Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

15. France Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

16. Italy Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

17. Spain Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

18. Japan Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

19. China Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

20. Australia Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

21. India Bioabsorbable Stents – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Stent Type
      • By Material
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Stent Type
      • By Material
      • By End User

22. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

23. Assumptions and Acronyms Used
24. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
25. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
26. Copyrights and Disclaimer