BIORESORBABLE VASCULAR SCAFFOLD MARKET ANALYSIS

Bioresorbable vascular scaffold (BVS) is a nonmetallic mesh tube, which is used to treat blocked arteries. It is similar to a stent but gradually dissolves once the blocked artery starts functioning naturally again, enabling the artery to return to its natural state. The scaffold disappears in around 12-24 months and supports the vessel until it gain its full function. BVS is designed to help open up a blocked artery in the heart and restore blood flow to the heart muscle. It is used by patients who are suffering from different types of cardiovascular diseases. Some of the commonly used BVS for cardiac procedures include Poly-L-Lactide (PLLA) bioresorbable scaffold, metallic bioresorbable scaffold, and hybrid bioresorbable scaffold.

Market Dynamics

Increasing demand for bioresorbable vascular scaffold owing to high prevalence of coronary heart disease, ischemic heart disease, and other cardiovascular diseases is expected to drive market growth. According to American Heart Association Council, in 2015, cardiovascular disease was the leading cause of death in the world, accounting for over 17.9 million deaths per year globally, and this number is expected to increase to over 23.6 million by 2030. From the same source, cardiovascular diseases accounted for nearly 836,546 deaths in the U.S. in 2015, which is about 1 of every 3 deaths.

Moreover, key players are opting for different strategies such as new product launches, FDA approvals, partnerships, and collaborations to increase its foothold in the market. For instance, in July 2016, Abbott received the U.S. Food and Drug Administration approval for Absorb bioresorbable heart stent. This device is first-of-its-kind medical device with fully dissolving heart stents. This device will be available to treat people with coronary artery disease in the U.S.

However, preference for vascular graft devices for angioplasty and coronary artery diseases is one of the major factors restraining growth of the global bioresorbable vascular scaffold market. Furthermore, stringent regulatory scenario has also obstructed growth of the market.

Key features of the study:

This report provides in-depth analysis of the bioresorbable vascular scaffold market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2018 – 2026, considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
It profiles leading players in the global bioresorbable vascular scaffold market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include Abbott Laboratories, Cook Medical, Boston Scientific Corporation, Stentys SA, MAQUET Holding B.V. & Co. KG (Getinge AB), W.L. Gore & Associates, Medtronic, C. R. Bard, Inc., B. Braun Melsungen AG, and Terumo Corporation among others
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global bioresorbable vascular scaffold market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for bioresorbable vascular scaffold market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

Global Bioresorbable Vascular Scaffold Market, By Product Type:

Synthetic
Biological

Global Bioresorbable Vascular Scaffold Market, By Material Type:

Metal based BVS
Polymer based BVS

Global Bioresorbable Vascular Scaffold Market, By Application

Coronary Artery Stents
Peripheral Artery Stents
Others

Global Bioresorbable Vascular Scaffold Market, By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Centers
Others

Global Bioresorbable Vascular Scaffold Market, By Geography:

North America

By Product Type:

Synthetic
Biological

By Material:

Metal based BVS
Polymer based BVS

By Application:

Coronary Artery Stents
Peripheral Artery Stents
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Centers
Others

By Country:

U.S.
Canada

Latin America

By Product Type:

Synthetic
Biological

By Material:

Metal based BVS
Polymer based BVS

By Application:

Coronary Artery Stents
Peripheral Artery Stents
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Centers
Others

By Country:

Brazil
Mexico
Argentina
Rest of Latin America

Europe

By Product Type:

Synthetic
Biological

By Material:

Metal based BVS
Polymer based BVS

By Application:

Coronary Artery Stents
Peripheral Artery Stents
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Centers
Others

By Country:

Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific

By Product Type:

Synthetic
Biological

By Material:

Metal based BVS
Polymer based BVS

By Application:

Coronary Artery Stents
Peripheral Artery Stents
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Centers
Others

By Country:

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East

By Product Type:

Synthetic
Biological

By Material:

Metal based BVS
Polymer based BVS

By Application:

Coronary Artery Stents
Peripheral Artery Stents
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Centers
Others

By Country:

GCC
Israel
Rest of Middle East

Africa

By Product Type:

Synthetic
Biological

By Material:

Metal based BVS
Polymer based BVS

By Application:

Coronary Artery Stents
Peripheral Artery Stents
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Centers
Others

By Country:

South Africa
Central Africa
North Africa

Company Profiles

Abbott Laboratories*

Company Overview
Product Portfolio
Financial Performance
Key Highlights
Market Strategies

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