Bioabsorbable Vascular Scaffolds Market Market to See Booming Growth 2021-2027| Medtronic, Abbott Laboratories, C.R. Bard Inc.

Precision Business Insights published a research report on “Bioabsorbable Vascular Scaffolds Market By Product Type (Biological, Biosynthetic), By Material Type (Metal based BVS, Polymer based BVS), By Application (Coronary Artery Stents, Peripheral Artery Stents), By End-User (Hospitals, Cardiac Centres, Ambulatory Surgical Centres) and Geography - Global/Region/Country Forecast to 2027”.

Coronary heart disease, cerebrovascular illness, peripheral arterial disease, rheumatic heart disease, congenital heart disease, deep vein thrombosis, and pulmonary embolism are the most common cardiovascular disorders, which impact millions of individuals around the world. The prevalence of cardiovascular diseases has risen dramatically, particularly in Asia and the Pacific. The prevalence of cardiovascular diseases is higher in Western countries such as the United States, the United Kingdom, Germany, France, and Russia. Patients with various types of cardiovascular disorders benefit from bioresorbable vascular scaffolds such as poly-L-lactide (PLLA) bioresorbable scaffolds, metallic bioresorbable scaffolds, and hybrid bioresorbable scaffolds. The number of people with cardiovascular disorders admitted to hospitals, both inpatient and outpatient, has risen dramatically. For the treatment of CVDs, a shift from traditional metallic stents to bioresorbable vascular scaffolds has been noted.

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One of the primary factors driving the growth of the bioresorbable scaffolds market is the rise in the prevalence of cardiovascular diseases (CVD) among the global population. The bioresorbable scaffolds market is expected to develop due to an increase in adoption for cardiovascular procedures due to several benefits such as full absorption by the body and an increase in the incidence of lifestyle-related disorders such as diabetes and obesity, among others. The bioresorbable scaffolds market is also influenced by the rise in adoption of bad lifestyle behaviours such as alcohol use, poor diet, and lack of exercise, as well as advancements developed by key companies to naturally restore arterial movement. Furthermore, changing lifestyles, population expansion, an increase in the number of cardiovascular procedures, and an increase in healthcare spending all benefit the bioresorbable scaffolds market. Furthermore, in the forecast period of 2021 to 2028, research and development initiatives to prevent vessel recoil that allows secretion of anti-proliferative drugs expand profitable potential for bioresorbable scaffolds market players. The high cost of bioresorbable scaffolds, on the other hand, is projected to stifle the bioresorbable scaffolds market's growth. In the forecast period of 2021-2028, the rising demand for vascular graft devices for angioplasty and coronary artery disorders is expected to pose a threat to the bioresorbable scaffolds market.

On the basis of material, the bioresorbable scaffolds market is categorized into absorbable magnesium stent (AMS), poly carbonate scaffold, polymeric scaffold, and others. On the basis of types, the bioresorbable scaffolds market is classified into drug eluting coronary scaffolds, everolimus-eluting device, sirolimus-eluting device, novolimus-eluting device, and paclitaxel-eluting device. On the basis of applications, the bioresorbable scaffolds market is divided into peripheral vascular intervention, regulation of blood flow and others. On the basis of end users, the bioresorbable scaffolds market is segregated into hospitals, clinics and others.

Due to the large number of people suffering from cardiovascular diseases, the rise in obese and diabetic populations, the rise in stress and desk-bound lifestyles, the large geriatric population, and the presence of a number of leading companies, North America dominates the bioresorbable scaffolds market. Because of significant technological advancements and a large number of patients suffering from various vascular illnesses, Asia-Pacific is predicted to increase at the quickest rate from 2021 to 2028.

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Some of the major key players in the bioabsorbable vascular scaffolds market are Medtronic (U.S.) Abbott Laboratories (U.S) Boston Scientific Corporation (U.S.) Biosensors International Group, Ltd. (Singapore) C.R. Bard Inc. (U.S.) Stentys SA (France) Svelte Medical Systems, Inc. (U.S.) REVA Medical, Inc. (U.S.)

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