Global Bioabsorbable Vascular Scaffolds Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global 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

 

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Description

The global global bioabsorbable vascular scaffolds market size expected to reach USD 300.24 million at a CAGR of 13.9% by 2027. Bioabsorbable vascular scaffolds are naturally dissolving scaffolds used in the treatment of coronary artery disease (CAD). These are the latest development in stent technology made up of metal and coated with a polymer containing anti-proliferative drugs such as Sirolimus or Everolimus. These Bioabsorbable vascular scaffolds disintegrated in the human body. Hence, these stents remove the post-treatment operations and prevents the inflammation leading to thrombosis and stent restenosis. Bioabsorbable vascular scaffolds are inserted by percutaneous transluminal coronary angioplasty and commonly preferred over the permanent implants owing to need anticoagulation treatment for a long time and reduce host/device interaction. 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. Even though technological and clinical development of bioabsorbable vascular stents is not yet complete and possible clinical benefits over metallic stents are still unrevealed, there are no solid reasons that can limit the clinical use of bioabsorbable vascular scaffolds.

Bioabsorbable Vascular Scaffolds Market

MARKET SUMMARY
-
13.9% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 13.9%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Bioabsorbable Vascular Scaffolds Market

  • The report on global bioabsorbable vascular scaffolds market gives historical, current and future market sizes (US$ Mn) based on material type, product type, area of application, end-user and geographic regions.
  • bioabsorbable vascular scaffolds market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Medtronic
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Biotronik SE & Co. KG
  • C.R. Bard Inc.
  • Stentys SA
  • Svelte Medical Systems, Inc.
  • REVA Medical, Inc.
Bioabsorbable Vascular Scaffolds Market

Drivers And Restraints

The global market is anticipated to grow at a tremendous rate due to increase in technological innovations in the forecasting period. Launching of new products, approvals from various regulatory bodies, collaborations are might boosting the growth of global bioabsorbable vascular scaffolds market. For instance, in August 2015, Abbott Vascular received CE mark approval for bioabsorbable vascular scaffold with catheter delivery system. Similarly, in January 2013, FDA granted approval for Xience Xpedition manufactured by Abbott Vascular, Inc. and the company launched the product in U.S. Further studies for the development of bioabsorbable coronary scaffold would bring a couple of new products to the market improve the growth of global bioabsorbable vascular scaffolds market over the forecast period.


North-America got significant share

Bioabsorbable Vascular Scaffolds Market

Geographically, global market has been segmented into following regions Viz. Europe, North America, Asia-Pacific, Latin America, and Middle East & Africa. North America region is expected to hold the largest share in the global bioabsorbable vascular scaffolds market owing to technological advancements, increased awareness regarding the treatment of coronary disorders in bioabsorbable vascular stents, and products available in the pipeline help in the growth of global bioabsorbable vascular scaffolds market. Europe region is expected to hold a significant growth attributed to increase in geriatric population, change in lifestyle, increase in healthcare infrastructure, and technological advancements in Europe countries such as Germany, UK, and France might fuel the growth of global bioabsorbable vascular scaffolds market. However, Asia-Pacific witness a significant growth rate in bioabsorbable vascular scaffolds market owing to Increase in awareness about peripheral and coronary artery diseases, rise in the prevalence of artery diseases in Asia Pacific region, favourable government policies, and low cost for the stents in Asia Pacific countries such as India bolster the market over the forecast timeframe. Furthermore, diversification of business segment by the competitors in Asia Pacific region due to increase in medical tourism also fuel the bioabsorbable vascular scaffolds. Latin America and the Middle East and Africa has a lucrative growth in Bioabsorbable vascular scaffolds market attributed to increase in initiatives by the private and public sectors and entry of new products into the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments


Key

Report Outline

Bioabsorbable Vascular Scaffolds Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Executive summary
  2. Global Bioabsorbable Vascular Scaffolds Market Introduction
    • Global Bioabsorbable Vascular Scaffolds Market– Taxonomy
    • Global Bioabsorbable Vascular Scaffolds Market–Definitions
      • End User
      • Product Type
  1. Global Bioabsorbable Vascular Scaffolds Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Bioabsorbable Vascular Scaffolds Market Dynamics – Factors Impact Analysis
    • Global Bioabsorbable Vascular Scaffolds Market– Recent Market Introductions
  2. Global Bioabsorbable Vascular Scaffolds Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Oppurtunity Analysis
  3. Global Bioabsorbable Vascular Scaffolds Market Forecast, By Product Type, 2013 – 2017 and Forecast, 2018 – 2024
    • Synthetic
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Biological
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Biosynthetic
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Bioabsorbable Vascular Scaffolds Market Forecast, By Material Type, 2013 – 2017 and Forecast, 2018 – 2024
    • Metal based BVS
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polymer based BVS
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Bioabsorbable Vascular Scaffolds Market Forecast, By Application, 2013 – 2017 and Forecast, 2018 – 2024
    • Coronary Artery Stents
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Peripheral Artery Stents
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Bioabsorbable Vascular Scaffolds Market Forecast, By End User, 2013 – 2017 and Forecast, 2018 – 2024
    • Hospitals
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cardiac Centres
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ambulatory Surgical Centers
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Bioabsorbable Vascular Scaffolds Market Forecast, By Region, 2013 – 2017 and Forecast, 2018 – 2024
    • North America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Bioabsorbable Vascular Scaffolds Market- Opportunity Analysis Index – By Product Type, By Material Type, By Application, By End User, and Region, 2018 – 2024
  2. North America Bioabsorbable Vascular Scaffolds Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Synthetic
      • Biological
      • Biosynthetic
    • Material Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Metal based BVS
      • Polymer based BVS
    • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Coronary Artery Stents
      • Peripheral Artery Stents
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Cardiac Centres
      • Ambulatory Surgical Centres
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Bioabsorbable Vascular Scaffolds Market- Opportunity Analysis Index – By Product Type, By Material Type, By Application, By End User, and Country, 2018 – 2024
    • North America Bioabsorbable Vascular Scaffolds Market Dynamics – Trends
  3. Europe Bioabsorbable Vascular Scaffolds Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Synthetic
      • Biological
      • Biosynthetic
    • Material Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Metal based BVS
      • Polymer based BVS
    • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Coronary Artery Stents
      • Peripheral Artery Stents
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Cardiac Centres
      • Ambulatory Surgical Centres
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Bioabsorbable Vascular Scaffolds Market- Opportunity Analysis Index – By Product Type, By Material Type, By Application, By End User, and Country, 2018 – 2024
    • Europe Bioabsorbable Vascular Scaffolds Market Dynamics – Trends
  4. Asia-Pacific Bioabsorbable Vascular Scaffolds Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Synthetic
      • Biological
      • Biosynthetic
    • Material Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Metal based BVS
      • Polymer based BVS
    • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Coronary Artery Stents
      • Peripheral Artery Stents
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Cardiac Centres
      • Ambulatory Surgical Centres
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn),
  5. Y-o-Y Growth (%), and Market Share (%)
    • Japan
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Asia-Pacific Bioabsorbable Vascular Scaffolds Market- Opportunity Analysis Index – By Product Type, By Material Type, By Application, By End User, and Country, 2018 – 2024
  • Asia-Pacific Bioabsorbable Vascular Scaffolds Market Dynamics – Trends
  1. Latin America Bioabsorbable Vascular Scaffolds Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Synthetic
      • Biological
      • Biosynthetic
    • Material Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Metal based BVS
      • Polymer based BVS
    • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Coronary Artery Stents
      • Peripheral Artery Stents
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Cardiac Centres
      • Ambulatory Surgical Centres
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Bioabsorbable Vascular Scaffolds Market- Opportunity Analysis Index – By Product Type, By Material Type, By Application, End User, and Country, 2018 – 2024
    • Latin America Bioabsorbable Vascular Scaffolds Market Dynamics – Trends
  2. Middle East & Africa Bioabsorbable Vascular Scaffolds Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Synthetic
      • Biological
      • Biosynthetic
    • Material Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Metal based BVS
      • Polymer based BVS
    • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Coronary Artery Stents
      • Peripheral Artery Stents
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Cardiac Centres
      • Ambulatory Surgical Centres
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Bioabsorbable Vascular Scaffolds Market- Opportunity Analysis Index – By Product Type, By Material Type, By Application, By End User, and Country, 2018 – 2024
    • MEA Bioabsorbable Vascular Scaffolds Market Dynamics – Trends
  3. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Drug & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Medtronic (U.S.)
      • Abbott Laboratories (U.S)
      • Boston Scientific Corporation (U.S.)
      • Biosensors International Group, Ltd. (Singapore)
      • Biotronik SE & Co. KG (Germany)
      • R. Bard Inc. (U.S.)
      • Stentys SA (France)
      • Svelte Medical Systems, Inc. (U.S.)
      • REVA Medical, Inc. (U.S.)
  4. Research Methodology
  5. Key Assumptions and Acronyms

Report

Company Profile

  • 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.)
  • REVA Medical, Inc. (U.S.)

Description

The global global bioabsorbable vascular scaffolds market size expected to reach USD 300.24 million at a CAGR of 13.9% by 2027. Bioabsorbable vascular scaffolds are naturally dissolving scaffolds used in the treatment of coronary artery disease (CAD). These are the latest development in stent technology made up of metal and coated with a polymer containing anti-proliferative drugs such as Sirolimus or Everolimus. These Bioabsorbable vascular scaffolds disintegrated in the human body. Hence, these stents remove the post-treatment operations and prevents the inflammation leading to thrombosis and stent restenosis. Bioabsorbable vascular scaffolds are inserted by percutaneous transluminal coronary angioplasty and commonly preferred over the permanent implants owing to need anticoagulation treatment for a long time and reduce host/device interaction. 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. Even though technological and clinical development of bioabsorbable vascular stents is not yet complete and possible clinical benefits over metallic stents are still unrevealed, there are no solid reasons that can limit the clinical use of bioabsorbable vascular scaffolds.

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