September 30, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Bioresorbable Scaffolds Market Growth 2019-2024’, the worldwide bioresorbable scaffolds market is predicted to amass US $370 million by the year 2024.
Bioabsorbable scaffolds, also known as naturally dissolving stents, are manufactured using polymers or metals as base material, though the former is universally approved and hence preferred over the later. The device finds application in cardiovascular disorders, as it is inserted into the blood vessel to expand it and to prevent blockages.
Preference for sedentary lifestyle and rising consumption of fast food is leading to increase in the cases of cardiovascular diseases. This factor, along with surging geriatric population and growing medical advancements will augment the bioresorbable scaffolds market growth.
As per the report, bioresorbable scaffolds market was worth USD 140 million in 2019 and is projected to grow at 21.6% CAGR during the forecast timeframe. The study also presents comprehensive insight about the segmental share, overview, growth opportunities, drivers, challenges, and trends impacting the market growth.
The worldwide bioresorbable scaffolds market is examined on the basis of product type, application spectrum and regional landscape. Speaking of the product type, the market is fragmented as polymer-based bioresorbable scaffold and metal-based bioresorbable scaffold. While considering the application spectrum, the market is fragmented as medical center and hospitals & clinics.
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Based on the regional outlook, the market is bifurcated into four major regions; Europe consists of Germany, UK, France, Italy, Spain, and Russia; Americas comprise of Brazil, the U.S., Mexico, and Canada; China, India, Australia, Japan, Southeast Asia, and Korea fall under Asia Pacific; and Egypt, Turkey, GCC Countries, South Africa, and Israel come under Middle East & Africa.
The prominent vendors/manufacturers operating in bioresorbable market include Elixir Medical, Abbott, Biotronik, REVA Medical, and Kyoto Medical.