Bioresorbable Scaffolds Market 2019-2023: Industry Scope of the Research

Posted by vinit sawant on February 8th, 2021

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. The use of polymers as a coating for stents for providing adequate radial strength will open up new growth avenues.

The global bioresorbable scaffolds market is expected to touch a towering valuation by exhibiting 18.9% CAGR from 2017 to 2023 (forecast period). The 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.

Bioresorbable scaffolds are medical devices used in widening clogged arteries or veins and primarily find use in cardiovascular surgeries. They have gained prominence in recent years due to metallic scaffolds causing an infection within the body and resulting in patient death. Developments of bioresorbable scaffolds to reach the level of drug-eluting stents are likely to drive the global bioresorbable scaffolds market.

Regional Analysis

Europe, the Middle East & Africa (MEA), Asia Pacific, and the Americas are regions covered in the bioresorbable scaffolds market report.

The Americas accounted for close to 40% market share in 2016. Large geriatric population, large share of the regional population plagued by obesity and diabetes, and presence of prominent market players are factors bound to propel demand for bioresorbable scaffolds in the region