About Bioresorbable Scaffolds
Growing incidence of cardiovascular diseases coronary, heart disease and ischaemic heart disease will help to boost the bioresorbable scaffolds market all over the world in the anticipated period. Bioresorbable scaffolds are the medical devices used during surgeries. Bioresorbable scaffolds are preferred over permanent implantation as they decrease device/host interaction, and requirement for long-term anti-coagulation therapy. Growing preference for vascular graft devices for angioplasty and coronary artery diseases is major factor driving bioresorbable scaffolds market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 11.89% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.The Players having a strong hold in the market are 480 Biomedical, Abbott Laboratories, Amaranth Medical, Arterial Remodeling Technologies, and Arterius. Analyst at AMA Research estimates that United States and Chinese Players will contribute the maximum growth to Global Bioresorbable Scaffolds market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
480 Biomedical (United States), Abbott Laboratories (United States), Amaranth Medical Inc. (Singapore), Arterial Remodeling Technologies (France), Arterius Limited (United Kingdom), BIOTRONIK (Germany), Boston Scientific Corporation (United States), Elixir Medical Corporation (United States), HangZhou HuaAn Biotechnology Co. Ltd. (China) and KYOTO MEDICAL PLANNING Co. Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Lepu Medical Technology (Beijing) Co., Ltd. (China), Lifetech Scientific (Shenzhen) Co. Ltd (China), Manli Cardiology Ltd. (United States), Meril Life Sciences Pvt. Ltd. (India), OrbusNeich (hong Kong), Qualimed S.A.S. (France) and REVA Medical Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Bioresorbable Scaffolds market by Type (Synthetic and Biological), Application (Coronary Artery Stents, Peripheral Artery Stents and Others) and Region.
On the basis of geography, the market of Bioresorbable Scaffolds has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Material, the sub-segment i.e. Metal-based Bioresorbable Scaffold will boost the Bioresorbable Scaffolds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Bioresorbable Scaffolds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction Preference for Vascular Graft Devices for Angioplasty and Coronary Artery Diseases and Growing Adoption of Minimally Invasive Cardio Vascular Treatments
Market Growth Drivers:
Rising Prevalence of Coronary Heart Disease and Ischemic Heart Disease and Growing Applications of Bioresorbable Stents by Physicians and Patients
Challenges:
Introduction to New Players and Technological Existing is Viable to Threat of New Entrants and Stringent Government Regulations related to Bioresorbable Scaffolds
Restraints:
Skilled Physicians or Hospital Staff is required and Lack of Healthcare Infrastructure and Ongoing Advancements in Underdeveloped Economies
Opportunities:
Upsurging Funding for Research and Development of Surgical Procedures and Unfavorable Lifestyle Changes causing Obesity and Fatigue
Market Leaders and their expansionary development strategies
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Key Target Audience
Bioresorbable Scaffolds Manufacturers, Bioresorbable Scaffolds Distributors and Traders, Hospitals and Clinics, Healthcare Industrial Associations, Government Agencies, Research and Development Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.