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Resorbable Vascular Scaffolds Market Expansion Continues, with Forecast Valuation of $0.82 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Resorbable Vascular Scaffolds Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The scope of the resorbable vascular scaffolds market has experienced swift expansion lately, projected to increase from a valuation of $0.46 billion in 2024 to $0.51 billion in the subsequent year, reflecting a compound annual growth rate of 12.6%. This upward trajectory during the past period stems from several key factors: a heightened incidence of cardiovascular ailments, greater public consciousness regarding health matters, the escalating occurrence of coronary artery disease (CAD), a wider uptake of less invasive medical interventions, and an increasing rate of diabetes cases.
Resorbable Vascular Scaffolds Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation surrounds the resorbable vascular scaffolds sector, signaling substantial expansion in the upcoming years; this market is projected to achieve a valuation of $0.82 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 12.5%. This anticipated escalation in the forecast window is fueled by several key factors: the escalating incidence of coronary artery disease (CAD) and peripheral artery disease (PAD) among the elderly, increased investment directed toward surgical procedure research and development (R&D), the demographic shift towards an aging global population, escalating healthcare spending, and the mounting frequency of coronary artery disease cases. Furthermore, significant trends shaping the coming period involve a growing preference for drug-eluting apparatuses in angioplasty, ongoing technological progress and novel product introductions, alongside successive improvements in stent and diagnostic technologies.
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What Are the Drivers Transforming the Resorbable Vascular Scaffolds Market?
The mounting incidence of ailments affecting the heart and blood vessels is projected to fuel the expansion of the resorbable vascular scaffolds sector. Contributing elements to cardiovascular disease include unhealthy lifestyle patterns, the progression of age, elevated blood pressure, elevated cholesterol levels, diabetes, tobacco use, and inherited susceptibilities. These dissolvable vascular supports are transforming cardiovascular disease management by offering transient mechanical assistance to reinstate proper blood circulation, subsequently degrading and mitigating long-term issues linked to implants designed to remain permanently, simultaneously encouraging the vessel's inherent recovery and proper functioning. To illustrate this impact, data from the Minnesota Department of Health, a governmental body in the U.S., indicated in September 2024 that during 2023, four percent of adults residing in Minnesota, which translates to approximately 180,000 individuals, had suffered a myocardial infarction. Furthermore, heart conditions accounted for around seventeen percent of all registered deaths within that state, resulting in 8,972 deaths in 2022, underscoring why the escalating occurrence of cardiovascular conditions is serving as a catalyst for the expansion within the market for resorbable vascular scaffolds.
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What Long-Term Trends Will Define the Future of the Resorbable Vascular Scaffolds Market?
Leading firms within the resorbable vascular scaffolds sector are concentrating on the creation of magnesium-based scaffolds, aiming to boost how well they are accepted by the body and deliver superior structural reinforcement. These magnesium constructs facilitate the body's intrinsic vascular repair processes, concurrently mitigating the irritation and adverse effects commonly seen with scaffolds made from traditional polymers. A notable instance occurred in March 2024 when Biotronik, a medical technology corporation headquartered in Germany, secured breakthrough device designation from the food and drug administration (FDA) for its Freesolve below-the-knee resorbable magnesium scaffold (BTK RMS). This Freesolve RMS represents a significant therapeutic advancement intended for patients suffering from chronic limb-threatening ischemia (CLTI), presenting an innovative recourse for interventions below the knee (BTK). Incorporating their specialized BIOmag magnesium alloy and applying the Orsiro drug-eluting stent (DES) coating, this device offers improvements in terms of patient safety, ease of deployment, and sustained vessel scaffolding; its role is to offer temporary stabilization to counteract vessel collapse while the natural healing process proceeds.
Which Segments in the Resorbable Vascular Scaffolds Market Offer the Most Profit Potential?
The resorbable vascular scaffoldsmarket covered in this report is segmented -
1) By Product Design: Multilumen; Single Lumen
2) By Material Type: Poly-Glycolic Acid; Poly-L-Lactic Acid; Poly-L-Lactic-Co-Glycolic Acid
3) By Deployment Technique: Balloon-Expandable; Self-Expandable
4) By Application: Coronary Artery Disease; Peripheral Vascular Disease; Pulmonary Artery Disease
5) By End User: Ambulatory Surgical Centers; Hospitals; Specialty Clinics
Subsegments:
1) By Multilumen: Helical Design; Braided Design; Other Multilumen Designs
2) By Single Lumen: Straight Tube Design; Corrugated Tube Design; Other Single Lumen Designs
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Which Firms Dominate the Resorbable Vascular Scaffolds Market by Market Share and Revenue in 2025?
Major companies operating in the resorbable vascular scaffolds market are Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Terumo Corporation, Getinge Group, Biotronik, LivaNova plc, Lepu Medical Technology, Gore Medical, Biosensors International, Blue Medical, Reva Medical, Elixir Medical, S3V Vascular Technologies, Amaranth Medical Inc., Meril Life Sciences Pvt. Ltd., Arterius Limited, Zorion Medical, Kyoto Medical Planning Co. Ltd., ICON Interventional Systems.
Which Regions Offer the Highest Growth Potential in the Resorbable Vascular Scaffolds Market?
North America was the largest region in the resorbable vascular scaffolds market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the resorbable vascular scaffolds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Cook Medical, Inc.
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Jude Medical, Inc.
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