The market dynamics of bioresorbable scaffolds (BRS) reflect a transformative trend in the medical device industry. These scaffolds are gaining prominence in coronary interventions due to their unique ability to provide temporary support to blood vessels and subsequently dissolve, eliminating the long-term presence of metallic stents.
The growing incidence of cardiovascular disorders worldwide is propelling the market for bioresorbable scaffolds. Performing coronary angiography procedures, CAD incidences increase the lifetime of aging population and with the lifestyle, the advancement of the novel and less invasive treatments need also gently.
S Stents, stent-like corporeal substitutes, or metal scaffolds are traditional forms of angioplasty to treat small arterial lesions. Bioresorbable scaffolds provide various benefits over traditional metallic stents. Physically, they offer temporary mechanical assistance during the initial reparative period, diminishing the incidence of chronic complications like in-stent restenosis. This characteristic predetermines the suitability of endoscopes for applications in such lesions, as well as the patients with the appropriate anatomical structure.
Technology trends in bioresorbable scaffolds are being driven at present by sustained R & D. Language used: The development of better materials and use aim proper materials by which mechanical services properties bioresorption of kinetics and correlation with the worlds of system are enhanced. It improves a more reliable and efficacious treatment for clinicians.
The regulator terrain contributes immensely in unfolding the dynamics of bioresorbable scaffolds market. Devices of this type must pass stringent approval procedures and be subjected to regulatory surveillance, which guarantees users the safety and reliability of these devices. Despite equally participating in sectors, regulations and guidelines can partly influence products market of the two countries due to variations and regulations on products market entry.
Some of key established market players competing attractively in this segment are: The bioresorbable scaffolds segment of this market is a highly competitive market characterised by intense competition among key market players. Among the measures companies are opting for are targeted strategic alliances, mergers, and acquisitions to strengthen their product ranges and global markets. The competitive environment encourages innovation and the development of new scaffold technologies.
The adoption of the bioresorbable scaffolds is influenced not only by economic factors, such as budgets for healthcare and reimbursement policies but also by other factors that are mentioned in the previous paragraph. However, healthcare providers consider how economically available these devices are compared to traditional treatment modalities, which affects market penetration and growth.
In the case of market dynamics, they are not entirely the same for all the nations rather the variance between different regions has been influenced by the type of the infrastructure that the healthcare is built on or the regulatory environment alongside other variables such as the occurrence of diseases. Advancement pose a number of growth opportunities to emerging economies with increasing burden of cardiovascular diseases while in the established markets unmet needs and preferences are ongoing arrangement.
Bioresorbable scaffolds, and their advantages, should be raised awareness among patients for the market to grow. It says it all – educational programs and awareness campaigns, help patients to be informed in making certain decisions and to be involved in such discussions as possible.
Bioresorbable scaffolds Market Size was valued at USD 1.62 Billion in 2023. The Bioresorbable scaffolds industry is projected to grow from USD 1.71 Billion in 2024 to USD 3.02 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.45% during the forecast period (2024 - 2032). Bioresorbable scaffolds are medical devices used during numerous surgeries, as required when one suffers from coronary artery disease; bioresorbable scaffolds are recently introduced medical devices. Major driving factors for the growth of this market are increasing prevalence of cardiovascular disease, diabetes, obesity, poor diet and lack of exercise. According to WHO (2014), cardiovascular diseases accounted for a majority of deaths globally.
Moreover, number of obese population across the globe is rising continuously. In 2014, globally 39% of adults aged 18 years and above were overweight, whereas 13% were obese. Furthermore, rapid development in devices used for cardiovascular surgeries, rising demand for bioresorbable scaffolds, adoption of desk-bound lifestyle, and government’s support for research and development of better medical devices has fuelled the bioresorbable scaffolds market growth. However, availability of alternative therapies and high cost of the bioresorbable scaffolds may slower the growth of this market.
The bioresorbable scaffolds market is segmented on the basis of material, types, application and end users. On the basis of material, the market is classified into absorbable magnesium stent (AMS), polymeric scaffold, poly carbonate scaffold and others. On the basis of types, the market is segmented into drug eluting coronary scaffolds, everolimus-eluting device, novolimus-eluting device, sirolimus-eluting device, and paclitaxel-eluting device. On the basis of application, the market is segmented into peripheral vascular intervention, regulation of blood flow and others. On the basis of end users, the market is categorised into hospitals, clinics and others.
The global bioresorbable scaffolds market is dominated by America, owing to the presence of huge population suffering from cardiovascular diseases, presence of number of leading companies and increasing geriatric population. Moreover, increasing obese and diabetic population, lack of exercise, increasing stress and desk-bound lifestyle have provided a push for the growth of the market. Europe has the second largest market, which is followed by Asia Pacific. Asia Pacific accounts for the fastest growing market, due to rapid development in technology and a huge number of patients suffering from different vascular diseases. The Middle East & Africa accounts the least share in global bioresorbable scaffolds market.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)