Bioresorbable vascular scaffold market
Bioresorbable Vascular Scaffold Market - Global Forecast to 2026, 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, and Cardiac Centers, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
- Jan 2019
- CMI2471
- 158 Pages
- Excel & Pdf
- Medical Devices
Global Bioresorbable Vascular Scaffold Market
Bioresorbable vascular stents expand the blood vessel to prevent a blockage, which are disintegrated in human body without any external intervention. It prevents inflammation leading to stent restenosis and thrombosis and eliminates the need for post-treatment involvements. Bioresorbable stents are superior over 1st and 2nd generation stents as Bioresorbable stents cut the need for dual antiplatelet therapies.
The global bioresorbable vascular scaffold market size was valued at US$ 147.0 million in 2017, and is expected to exhibit a CAGR of 12.5% over the forecast period (2018 – 2026).
Figure 1. Global Bioresorbable Vascular Scaffold Market Value (US$ Mn), by Region, 2017
Source: Coherent Market Insights Analysis (2018)
Increasing prevalence of coronary heart disease, ischemic heart disease, and other cardiovascular diseases is expected to propel growth of the bioresorbable vascular scaffold market
Bioresorbable vascular scaffold is used in treatment of blockage of coronary and peripheral artery, which is related to coronary heart disease, ischemic heart disease, and other cardiovascular diseases. High prevalence of coronary heart disease, ischemic heart disease, and other cardiovascular diseases is expected to propel demand for bioresorbable vascular scaffold, which in turn will drive the market growth. According to World Health Organization (WHO), 2015, cardiovascular diseases is the first leading cause of morbidity and mortality worldwide, with around 17.7 million representing 31% of all global deaths in 2015, out of these deaths, an estimated 6.7 million were due to stroke and 7.4 million were due to coronary heart disease.
Similarly, according to American Heart Association in 2018, 92.1 million American adults were suffering with some form of cardiovascular disease or the after-effects of stroke. Nearly 836,546 deaths in the U.S. were due to cardiovascular disease, which is about 1 of every 3 deaths. Direct and indirect costs in the treatment of cardiovascular diseases and stroke were estimated to amount to US$ 329.7 billion in 2018, which includes both health expenditures and lost productivity, in the U.S.
Furthermore, introduction of novel bioresorbable vascular scaffold, which help patients with cardiovascular diseases, is propelling growth of the bioresorbable vascular scaffolds market over the forecast period. For instance, in July 2016, Abbott received approval from the US Food and Drug Administration for Absorb GT1 bioresorbable vascular scaffold (BVS). The product fully resorbs over time and improves coronary luminal diameter in patients with ischemic heart disease due to de novo native coronary artery lesions.
However, complications such as damage to central veins, pulmonary complications, cardiac complications, device dysfunction, and catheter-related bloodstream infection are expected to limit adoption of bioresorbable vascular scaffold, thereby hindering the market growth.
Figure 2. Global Bioresorbable Vascular Scaffold Market Share (%), by Material, 2018 and 2026
Source: Coherent Market Insights Analysis (2018)
Increasing adoption of bioresorbable vascular scaffolds in North America is expected to boost the market growth
North America is expected to be held dominant position in the global bioresorbable vascular scaffold market, owing to rapid growth in geriatric population, rising incidences of cardiac ailments, coronary & peripheral artery diseases, and increasing number of obese people in the region. According to World Population Prospects, the number of persons aged 80 or over is projected to triple by 2050, from 137 million in 2017, to 425 million in 2050 in the U.S., while this age bracket is expected to more than double globally, rising from 962 million in 2017 to 2.1 billion in 2050.
Moreover, key players in the market are focused on receiving regulatory approvals for novel products to reduce the burden of blood stream infections associated with bioresorbable vascular scaffolds. For instance, in May, 2018, Pursuit Vascular, Inc., received U.S. FDA clearance for broader indication of its ClearGuard HD caps to include reduction in the incidence of central-line associated bloodstream infection (CLABSI) in hemodialysis patients with bioresorbable vascular scaffolds.
Key Players
Major players operating in the global bioresorbable vascular scaffold market include Abbott, Cook Medical, Boston Scientific Corporation, B. Braun Melsungen AG, Medtronic Plc., Stentys SA, MAQUET Holding B.V. & Co. KG (Getinge AB), W.L. Gore & Associates, C. R. Bard, Inc., and Theragenics Corporation.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Material Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Impact Analysis
- Key Highlights
- PEST Analysis
- Pricing Analysis
- Brand Analysis
- Regulatory Framework
- PORTER’s Analysis
- Mergers and Acquisitions
- Technological Advancements
- Epidemiology
- Global Bioresorbable Vascular Scaffold Market, By Product Type, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017– 2026
- Segment Trends
- Synthetic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Biological
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Global Bioresorbable Vascular Scaffold Market, By Material Type, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017– 2026
- Segment Trends
- Metal based BVS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Polymer based BVS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Global Bioresorbable Vascular Scaffold Market, By Application, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017– 2026
- Segment Trends
- Coronary Artery Stents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Peripheral Artery Stent
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Global Bioresorbable Vascular Scaffold Market, By End User, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017– 2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Cardiac center
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Mn)
- Global Bioresorbable Vascular Scaffold Market, By Region, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Material, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Application , 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Material, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Application , 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Material, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Application , 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Material, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Application , 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Material, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Application , 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Material, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Application , 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- AngioDynamics, Inc.*
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- C. R. Bard, Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Teleflex Incorporated
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- B. Braun Melsungen AG
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Medtronic Plc
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Vygon Ltd.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Cook Medical Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Argon Medical Devices, Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- ICU Medical, Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Theragenics Corporation
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse 22 market data tables and 26 figures on "Bioresorbable Vascular Scaffold Market - Global forecast to 2026”.