Bioabsorbable stents is touted as one of the biggest revolutionary moves in the field of percutaneous coronary intervention. Bioabsorbable stents are absorbed in the body after providing desired support to the blood vessel for a stipulated period of time and thus ensure natural restoration of endothelial functions and properties. Bioabsorbable stents appropriately reduce the risk of complications related to permanent metallic stenting. Bioabsorbable stents also avoid the need for undergoing second procedure for stent removal, thereby facilitating faster recovery. Major factors driving the growth of the global bioabsorbable stents market include factors such as growing prevalence of coronary and peripheral artery diseases, growing life expectancy and increasing burden of chronic diseases on the healthcare system. It is expected the bioabsorbable stents will take over the position of bare metal and drug eluting stents during the upcoming period. With technological innovation, this market will witness significant growth. Conversely, issues in terms of regulatory hurdles, safety and efficacy reporting and costs may hold back the growth of this market.