Bioabsorbable Vascular Scaffolds Market Leading Player 2022-28
The global bioabsorbable vascular scaffolds market size is expected to reach USD 300.24 million by 2028, at a CAGR of 13.9% during the forecast period 2022-28. Coronary heart disease, cerebrovascular illness, peripheral arterial disease, rheumatic heart disease, congenital heart disease, deep vein thrombosis, and pulmonary embolism are the most common cardiovascular disorders, which impact millions of individuals around the world. The prevalence of cardiovascular diseases has risen dramatically, particularly in Asia and the Pacific. The prevalence of cardiovascular diseases is higher in Western countries such as the United States, the United Kingdom, Germany, France, and Russia. Patients with various types of cardiovascular disorders benefit from bioresorbable vascular scaffolds such as poly-L-lactide (PLLA) bioresorbable scaffolds, metallic bioresorbable scaffolds, and hybrid bioresorbable scaffolds. The number of people with cardiovascular disorders admitted to hospitals, both inpatient and outpatient, has risen dramatically. For the treatment of CVDs, a shift from traditional metallic stents to bioresorbable vascular scaffolds has been noted.
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One of the primary factors driving the
growth of the bioresorbable scaffolds market is the rise in the prevalence of
cardiovascular diseases (CVD) among the global population. The bioresorbable
scaffolds market is expected to develop due to an increase in adoption for cardiovascular
procedures due to several benefits such as full absorption by the body and an
increase in the incidence of lifestyle-related disorders such as diabetes and
obesity, among others. The bioresorbable scaffolds market is also influenced by
the rise in adoption of bad lifestyle behaviours such as alcohol use, poor
diet, and lack of exercise, as well as advancements developed by key companies
to naturally restore arterial movement. Furthermore, changing lifestyles,
population expansion, an increase in the number of cardiovascular procedures,
and an increase in healthcare spending all benefit the bioresorbable scaffolds
market. Furthermore, in the forecast period of 2021 to 2028, research and
development initiatives to prevent vessel recoil that allows secretion of
anti-proliferative drugs expand profitable potential for bioresorbable
scaffolds market players. The high cost of bioresorbable scaffolds, on the
other hand, is projected to stifle the bioresorbable scaffolds market's growth.
In the forecast period of 2021-2028, the rising demand for vascular graft
devices for angioplasty and coronary artery disorders is expected to pose a
threat to the bioresorbable scaffolds market.
The global bioabsorbable
vascular scaffolds market segmentation:
1) By Type: Metal
based BVS, Polymer based BVS.
2) By Application: Coronary Artery Stents, Peripheral Artery Stents
3) By End-User: Hospitals, Cardiac
Centres, Ambulatory Surgical Centres.
Due to the large number of people suffering
from cardiovascular diseases, the rise in obese and diabetic populations, the
rise in stress and desk-bound lifestyles, the large geriatric population, and
the presence of a number of leading companies, North America dominates the
bioresorbable scaffolds market. Because of significant technological
advancements and a large number of patients suffering from various vascular
illnesses, Asia-Pacific is predicted to increase at the quickest rate from 2021
to 2028.
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Some of the major key
players in the bioabsorbable vascular scaffolds market are Medtronic (U.S.) Abbott
Laboratories (U.S) Boston Scientific Corporation (U.S.) Biosensors
International Group, Ltd. (Singapore) Biotronik SE & Co. KG (Germany) C.R.
Bard Inc. (U.S.) Stentys SA (France) Svelte Medical Systems, Inc. (U.S.) REVA
Medical, Inc. (U.S.)
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