Bioresorbable Scaffolds Market Business Insights & Deep Analysis to 2023

Market Outlook

The global bioresorbable scaffolds market is expected to touch a towering valuation by exhibiting 18.9% CAGR from 2017 to 2023 (forecast period). High prevalence of cardiovascular disorders is the primary driver of the market. According to a 2014 report by the World Health Organization (WHO), cardiovascular diseases can account for a majority of deaths globally. Rising rates of obesity, diabetes, and sedentary lifestyle of patients can all contribute to the market growth.

Increasing government support and investment for better medical techniques and breakthroughs of techniques in cardiovascular surgeries can fuel the bioresorbable scaffolds market. Biodegradable nature of these stents which allow for recovery of vessel vasoreactivity can play a pivotal role in the market in the coming years. Use of polymers as a coating for stents for providing adequate radial strength will open up new growth avenues.

But availability of alternative therapies can restrain market growth.

Segmentation Analysis

The global bioresorbable scaffolds market is segmented by material, type, application, and end-user.

By material, it is segmented into polycarbonate scaffold, polymeric scaffold, absorbable magnesium stent (AMS), and others. Polymeric and polycarbonate scaffold segments can account for a large market share due to increasing use of PCI procedures and preference of polymer-based stents.

By type, it is segmented into paclitaxel-eluting device, drug eluting coronary scaffolds, sirolimus-eluting device, everolimus-eluting device, and novolimus-eluting device.

By application, it is segmented into regulation of blood flow control, peripheral vascular intervention, and others.

By end-user, it is segmented into clinics, hospitals, and others. Hospitals can account for a large market share due to preference of hospitals by patients for diagnostic and surgical procedures. Rapid rate of cardiovascular surgeries can drive the segment growth exponentially.

Competitive Outlook

Boston Scientific Corporation,Kyoto Medical Planning Co. Ltd.,Translumina,Elixir Medical Corporation,MicroPort Scientific Corporation,Xenogenics Corporation,B. Braun,TERUMO CORPORATION,Biotronik,Abbott,Amaranth Medical, Inc.,Medtronic,REVA Medical, Inc,Cardinal Health., and Lombard Medical, Inc, are some of the noteworthy players in the global bioresorbable scaffolds market.

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