Global bioabsorbable vascular scaffolds market is expanding at robust CAGR due to increasing geriatric population. The major driving factors are rise in incidences of cardiac disorders such as peripheral and coronary artery diseases and increase in the prevalence of obesity. Moreover, various pipeline products, technological advancements for new products, rise in demand for biocompatible and safe coronary stents, and degradation time for the stents might boost the growth of bioabsorbable vascular scaffolds market in the forecast period. However, stringent regulatory guidelines, slow adoption of stents in the disease management, lack of reimbursement policies, and the alternative treatment for the coronary artery diseases will hinder the growth of global bioabsorbable vascular scaffolds market in the forecast period.A sample of this report is available upon request @
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The bioabsorbable vascular scaffolds market is segmented based on the material type, product type, area of application, and end-user
Based on the product type, bioabsorbable vascular scaffolds market has been segmented into the following:
Synthetic
Biological
Biosynthetic
Based on the material type, bioabsorbable vascular scaffolds market has been segmented into the following:
Metal based BVS
Polymer based BVS
Based on the application, bioabsorbable vascular scaffolds market has been segmented into the following:
Coronary artery stents
Peripheral artery stents
Based on the end-user, bioabsorbable vascular scaffolds market has been segmented into the following:
Hospitals
Cardiac centres
Ambulatory surgical centers
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The global bioabsorbable vascular scaffolds market is in the nascent stage, rise in R&D is expected to offer novel products to global bioabsorbable vascular scaffolds market. Various competitors are actively involved in the development of bioabsorbable vascular scaffolds for increasing their market revenue. For instance, under ‘Medtronic CardioVascular Bioabsorbable’ program Medtronic Inc. is focusing to develop completely bioabsorbable scaffolds for superficial femoral arteries. The global bioabsorbable vascular scaffolds market is anticipated to grow at a tremendous rate due to increase in technological innovations in the forecasting period.
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Some of the players in global bioabsorbable vascular scaffolds market are Medtronic (U.S.), Abbott Laboratories (U.S), Boston Scientific Corporation (U.S.), Biosensors International Group, Ltd. (Singapore), Biotronik SE & Co. KG (Germany), C.R. Bard Inc. (U.S.), Stentys SA (France), Svelte Medical Systems, Inc. (U.S.), and REVA Medical, Inc. (U.S.), to name a few.
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