Market Overview –
The Bioresorbable Scaffolds Market size is expected to reach USD 2,920.6 million by 2030, growing at a 19.9% CAGR during the forecast period 2022-2030.
The Bioresorbable Scaffolds Market is characterized by a revolutionary approach in cardiovascular interventions. These scaffolds, designed to provide temporary support and then naturally dissolve, are transforming coronary artery treatment. The market focuses on innovations in bioresorbable materials, enhancing patient outcomes and reducing long-term complications. Key factors include the growing demand for minimally invasive procedures, reduced risks of late stent thrombosis, and improved vessel healing. With an emphasis on patient-centric solutions, the Bioresorbable Scaffolds Market is witnessing significant growth, offering a promising alternative to traditional stents in the field of interventional cardiology. Ongoing research and development continue to drive advancements in this dynamic market.
Market Segmentation –
The segmentation of the Bioresorbable Scaffolds Market encompasses material, types, applications, and end-users. Material classification includes absorbable magnesium stent (AMS), polymeric scaffold, polycarbonate scaffold, and other variants. Types of scaffolds comprise drug-eluting coronary scaffolds, with subcategories like everolimus-eluting, novolimus-eluting, sirolimus-eluting, and paclitaxel-eluting devices. Applications extend to peripheral vascular intervention, regulation of blood flow, and other relevant uses. End-users are categorized into hospitals, clinics, and other healthcare facilities. This comprehensive segmentation provides a detailed framework for understanding the diverse components of the Bioresorbable Scaffolds Market, contributing to the development and utilization of these innovative solutions in cardiovascular interventions.
Regional Analysis –
America leads the global Bioresorbable Scaffolds Market trend, driven by a significant population affected by cardiovascular diseases, the presence of key industry players, and a growing geriatric demographic. Factors such as increasing obesity, diabetes, sedentary lifestyles, and high stress contribute to market growth. Following closely, Europe holds the second-largest market share, benefiting from substantial research funds and government support. The presence of developed economies like Italy, Germany, and France further fuels market growth. Asia Pacific emerges as the fastest-growing market, propelled by technological advancements, a booming healthcare industry, and a large patient base. Conversely, the Middle East Africa contribute the least to the global bioresorbable scaffolds market, primarily due to economic challenges in the African region.
Key Players –
In April 2016, Abbott finalized the acquisition of St. Jude Medical Inc., creating a premier medical device leader with prominent positions in cardiovascular markets. St. Jude Medical shareholders received USD 46.75 in cash and 0.8708 shares of Abbott common stock, totaling approximately USD 85 per share.
In June 2016, BIOTRONIK launched Solia S ProMRI, the smallest MR conditional pacing lead with a 5.6 French lead body, available in the U.S. in various lengths.
In July 2017, REVA Medical, Inc. completed a workforce reduction of 11 employees in the transition from research and development to commercial activities for its Fantom scaffold. The company anticipates incurring cash charges of approximately USD 420,000 for severance payments and benefits continuation.
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