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Resorbable Vascular Scaffold Market (Material Type - Metal Based BVS, and Polymer Based BVS; Application - Coronary Artery Stents, and Peripheral Artery Stents; End User - Hospitals, Ambulatory Surgical Centers, and Cardiac Centers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : June, 2019

  • Rep Id : HC0554

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Resorbable Vascular Scaffold Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Resorbable Vascular Scaffold Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Resorbable Vascular Scaffold Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on the resorbable vascular scaffold market provides an in-depth analysis of segments and sub-segments in the global as well as regional resorbable vascular scaffold market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional resorbable vascular scaffold market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global resorbable vascular scaffold market. According to the report, the global resorbable vascular scaffold market is projected to grow at a CAGR of 15.13% over the forecast period of 2019-2025.

 

Market Insight

Cardiovascular diseases are affecting millions of people all over the world. Significant rise in heart-related disease can be seen in the Asia-Pacific region in the last few years. The resorbable vascular scaffold provides better relief to the patients suffering from various heart-related abnormalities with less invasive procedures. A resorbable vascular scaffold is a non-metallic, non-permanent, mesh tube structure that is used to remove or clear cholesterol and fatty deposits in the narrowed artery. Resorbable vascular scaffold (BVS) is similar in appearance to a stent but dissolves after the artery starts to work with its normal way, normally within 12 to 24 months. It is designed to restore the function of the blocked artery in the heart and restore blood flow to the heart muscle. A rising number of heart-related problems are increasing the demand for an advanced resorbable vascular scaffold in the market.

 

Rising cardiovascular disease globally is the major driving factor for the growth of the resorbable vascular scaffold market. According to WHO cardiovascular disease are the number one cause of death globally, failure of the heart mainly caused by a blockage in the arteries and insufficient blood supply to heart muscles. Moreover changing lifestyle, increasing smoking habits in the young generation, and unhealthy food intake habits are increasing the rate of cardiovascular disease. Furthermore, efforts taken by the government and non-government organizations for awareness of heart diseases all over the globe by initiatives taken by the government and private sectors are rising the demand for a resorbable vascular scaffold market. However, the high costs associated with implant and treatment costs can hinder the growth of the market. On the other hand, government funding for research and improvement in reimbursement policies can provide better opportunities for the market.

 

Geographically, the resorbable vascular scaffold market is categorized into North America, Europe, Asia-Pacific, and RoW. North America dominates the region in the forecast period followed. According to the centers for disease control and prevention, heart disease causes around 610,000 deaths in the U.S. each year. Europe region is anticipated to grow with a significant rate owing to an increase in the geriatric population, change in lifestyle, technological advancements in the healthcare sector. Resorbable vascular scaffold market in the Asia-Pacific region expected to grow with the healthy rate in the forecast period, factors such as changing food habitat and rising alcohol consumption among the younger generation are increasing the prevalence of cardiovascular diseases such as coronary heart disease in this region.


Global Resorbable Vascular Scaffold Market

 

Segment Covered

The report on the global resorbable vascular scaffold market covers segments such as material type, application, and end user. On the basis of material type, the sub-markets include metal based BVS, and polymer based BVS. On the basis of application, the sub-markets include coronary artery stents, and peripheral artery stents. On the basis of end user, the sub-markets include hospitals, ambulatory surgical centers, and cardiac centers.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Abbott Laboratories, Medtronic plc, Biotronik SE & Co. KG, REVA Medical, Inc., Boston Scientific Corporation, Biosensors International Group, Limited, Svelte Medical Systems, Inc., Stentys SA, Kyoto Medical, Elixir Medical Corporation, and Other Companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the resorbable vascular scaffold market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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