| Product Code: ETC11439841 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The Philippines witnessed a significant surge in bio-absorbable stent imports in 2024, with top exporters being Ireland, USA, Singapore, Mexico, and Germany. The market concentration, as indicated by the HHI, remained high. The impressive compound annual growth rate (CAGR) of 64.29% from 2020 to 2024 underscores the growing demand for bio-absorbable stents in the country. Furthermore, the robust growth rate of 63.53% from 2023 to 2024 suggests a continued upward trajectory for this market segment. This data points towards a thriving market for bio-absorbable stents in the Philippines with strong potential for further expansion.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Bio-Absorbable Stent Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Bio-Absorbable Stent Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Bio-Absorbable Stent Market - Industry Life Cycle |
3.4 Philippines Bio-Absorbable Stent Market - Porter's Five Forces |
3.5 Philippines Bio-Absorbable Stent Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Philippines Bio-Absorbable Stent Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines Bio-Absorbable Stent Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Philippines Bio-Absorbable Stent Market Revenues & Volume Share, By Coating Type, 2021 & 2031F |
3.9 Philippines Bio-Absorbable Stent Market Revenues & Volume Share, By Deployment Technique, 2021 & 2031F |
4 Philippines Bio-Absorbable Stent Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of cardiovascular diseases in the Philippines. |
4.2.2 Growing awareness about the benefits of bio-absorbable stents over traditional stents. |
4.2.3 Technological advancements in bio-absorbable stent manufacturing. |
4.3 Market Restraints |
4.3.1 High cost associated with bio-absorbable stents compared to traditional stents. |
4.3.2 Limited reimbursement policies for bio-absorbable stents in the Philippines. |
4.3.3 Lack of skilled healthcare professionals for implanting bio-absorbable stents. |
5 Philippines Bio-Absorbable Stent Market Trends |
6 Philippines Bio-Absorbable Stent Market, By Types |
6.1 Philippines Bio-Absorbable Stent Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Material Type, 2021 - 2031F |
6.1.3 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Polymer-Based, 2021 - 2031F |
6.1.4 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Metal-Based, 2021 - 2031F |
6.1.5 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.2 Philippines Bio-Absorbable Stent Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Coronary Artery Disease, 2021 - 2031F |
6.2.3 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Peripheral Artery Disease, 2021 - 2031F |
6.2.4 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Biliary Stenosis, 2021 - 2031F |
6.3 Philippines Bio-Absorbable Stent Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.3 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Specialty Clinics, 2021 - 2031F |
6.3.4 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Research Institutes, 2021 - 2031F |
6.4 Philippines Bio-Absorbable Stent Market, By Coating Type |
6.4.1 Overview and Analysis |
6.4.2 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Drug-Eluting, 2021 - 2031F |
6.4.3 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Non-Coated, 2021 - 2031F |
6.4.4 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Bioactive Coating, 2021 - 2031F |
6.5 Philippines Bio-Absorbable Stent Market, By Deployment Technique |
6.5.1 Overview and Analysis |
6.5.2 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Minimally Invasive Surgery, 2021 - 2031F |
6.5.3 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Robotic-Assisted Surgery, 2021 - 2031F |
6.5.4 Philippines Bio-Absorbable Stent Market Revenues & Volume, By Catheter-Based Deployment, 2021 - 2031F |
7 Philippines Bio-Absorbable Stent Market Import-Export Trade Statistics |
7.1 Philippines Bio-Absorbable Stent Market Export to Major Countries |
7.2 Philippines Bio-Absorbable Stent Market Imports from Major Countries |
8 Philippines Bio-Absorbable Stent Market Key Performance Indicators |
8.1 Adoption rate of bio-absorbable stents in cardiac procedures. |
8.2 Number of research studies or clinical trials conducted on bio-absorbable stents in the Philippines. |
8.3 Rate of complications or adverse events associated with bio-absorbable stent usage. |
8.4 Patient satisfaction and reported outcomes post bio-absorbable stent implantation. |
8.5 Number of partnerships or collaborations between stent manufacturers and healthcare providers for promoting bio-absorbable stents. |
9 Philippines Bio-Absorbable Stent Market - Opportunity Assessment |
9.1 Philippines Bio-Absorbable Stent Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Philippines Bio-Absorbable Stent Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines Bio-Absorbable Stent Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Philippines Bio-Absorbable Stent Market Opportunity Assessment, By Coating Type, 2021 & 2031F |
9.5 Philippines Bio-Absorbable Stent Market Opportunity Assessment, By Deployment Technique, 2021 & 2031F |
10 Philippines Bio-Absorbable Stent Market - Competitive Landscape |
10.1 Philippines Bio-Absorbable Stent Market Revenue Share, By Companies, 2024 |
10.2 Philippines Bio-Absorbable Stent Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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