Menu ×

HEALTHCARE & PHARMACEUTICAL

Bioresorbable Coronary Scaffolds Market Analysis By Material (Metal, Polymers and others); By Product (Drug-Eluting Stent, Novolimus-Eluting, Everolimus-Eluting And Others); By Application (Myocardial Infarction, Vascular Bypass, Angioplasty, Peripheral Vascular Intervention and others ); By End User (Hospitals, Medical Clinics and Others);– Global Demand Analysis & Opportunity Outlook 2028

  • Text Size:

Extensive insights into the Growth of Bioresorbable Coronary Scaffolds Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More
IN THE NEWS
  • On June 13,2019, Abbott joined forces with Apollo Hospitals to fight against cardio vascular diseases in India.
  • On November 5, 2019, Boston Scientific Corporation or its affiliates announced results from IMPERIAL trial and the data presented included a 24-month analysis of the EluviaTMDrug-Eluting Vascular Stent (DES) showing higher primary patency rate during the surgery for femoral popliteal in the U.S.

Introduction to Bioresorbable Coronary Scaffolds

In medical sciences, a stent or a scaffold is any device that facilitates blood flow in blood vessels by expanding them and preventing any blockages in the path.A bioresorbable coronary scaffold is also referred to asbioresorbable coronary stent and its main functionality is to prevent blockages in the blood vessels. It is manufactured from materials that may dissolve or be absorbed into the body. Before bioresorbablescaffolds, stents made out of metal were being used to treat patients with cardio-vascular diseases but the stent caused thrombosis (formation of blood clot) and in cases of revascularization led to surgical difficulties resulting in casualties.

Polymers like Poly L-lactide (PLLA), tyrosine poly carbonate and salicylic acid were used as base materials for bioresorbable scaffolds but serious concerns about scaffold performance were discovered in research studies conducted by US FDA which led to its commercial discontinuation.Metal scaffolds comprising of metals like iron, magnesium, zinc and other alloys are being used in cardio vascular disease treatment. Magnesium-based scaffolds are approved for use in several countries which have approximately 95% resorption rate within 24 months of implantations.

Market Size and Forecast

The market is segmented by material, by product, by application, by end user and by region. On the basis of end user, the market is segmented into hospitals, medical clinics and others. The hospital segment is anticipated to hold the leading share on account of rising number of elderly patients with heart disorders. Increase in obese population and the rising prevalence of cardio vascular diseases (CVDs) globally along with the high mortality rates among the older population are some of the significant factors boosting the market growth. Based on product type, the market is segmented into drug-eluting, novolimus-eluting, everolimus-eluting and other drug introduction techniques, out of which, the highest stance is estimated to be held by drug-eluting stents. This can be attributed to the ease of operability and easy availability in the market. The market is further segmented by application into Myocardial Infraction, Vascular Bypass and other CVD operations. Among these segments, the utilization of bioresorbable coronary scaffolds in vascular bypass was the largest revenue generating segment in 2019 owing to the prevalence of CVDs and recommended SOP by the medical professionals. The availability of bioresorbable scaffolds for ailments like rheumatic heart disease and other CVDs, knee implants and other joint-related painsisestimated to boost the market growth during the forecasted period. CLICK TO DOWNLOAD SAMPLE

Growth Drivers

Prevalence of Cardio Vascular Diseases amidst Ageing Population

According to the World Health Organization, CVDs are the number 1 cause of death globally; more people die annually from CVDs than any other cause.Another WHO estimate states that between 2015 and 2020, the proportion of world’s population of people over 60years will nearly double from 12% to 22%.To reduce the mortality rates and improve the life expectancy, the production of bioresorbable coronary scaffolds will increase which is anticipated to drive the market growth.

Overweight, Obesity and Work patterns

Almost 4 Billion people on the planet live in urban areas today and their lifestyle which includes eating habits and workhours, are having a significant impact on health of the individuals, both physical and mental.Working hours and patterns are leading to mental ill-health which results in significant rise in cases of depression, stress, anxiety, eating disorders leading towards alcohol/drugs. According to World Health Organization (WHO), in 2019, 38 million children under the age of 5 were overweight or obese. The potential risk of rising CVDs in the population demography is projected to drive the bioresorbable coronary scaffolds market growth positively.

COVID’19 and its aftermath

As per the WHO,the death toll is high among COVID-19 patients who are already suffering from various other illnesses like pneumonia, coronary heart diseases and others prior to COVID’19.The treatment for the patients suffering from CVDs and later affected by COVID’19 involves the use of ventilators and bioresorbable coronary scaffolds. This results in healthcare professionals urging the governments to provide them the scaffolds for proper treatment.

Technological Advancements

The advancements in the field of developing scaffolds which are potentially bioresorbable and with superior scaffold performance are estimated to result in healthcare professionals recommending this alternative for treating CVDs.

Restraints

The potential factor associated with causing a negative impacton the growth of the market is estimated to be the high costassociated with bioresorbable coronary scaffolds. This might result in a large section of the population not being able to afford the scaffolds during treatment.

Market Segmentation

Our in-depth analysis of the bioresorbablecoronary scaffoldsmarket includes the following segments:

By Material

  • Metal
  • Polymers
  • Others

By Product

  • Drug-Eluting Stent
  • Novolimus-Eluting
  • Everolimus-Eluting
  • Others

By Application

  • Myocardial Infraction
  • Vascular Bypass
  • Angioplasty
  • Peripheral Vascular Intervention
  • Others

By End User

  • Hospitals
  • Medical Clinics
  • Others

By Region

On the basis of regional analysis, the bioresorbable coronary scaffolds market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market the bioresorbable coronary scaffolds. The prevalence of obesity among the ages 5-16 years and related illnesses leading to CVDs among in this region are further predicted to increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of growing aged population.

IMAGE

The bioresorbable coronary scaffoldsmarket is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Top Featured Companies Dominating the Market

  • BIOTRONIK
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved