Bioresorbable Scaffolds Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022 - 2031

  • Single User License $3500

Bioresorbable Scaffolds Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022 - 2031

Status : January, 2023 | Pharmaceutical

Report Digest

Bioresorbable Scaffolds Market Outlook

Bioresorbable scaffolds (BRSs) have witnessed massive application prospects in cardiology, arising out of need to improve the prognosis of patients with coronary heart disease (CHD). The need stemmed from initiatives by the healthcare industry on overcoming imitations of current metallic drug-eluting stents (DES). Revenue-generation opportunities in bioresorbable scaffolds industry pivot largely on growing number of percutaneous coronary interventions (PCIs).

Growing number of clinical trials on the efficacy and safety of new BRS technologies have paved the way to commercialization of new designs and materials for products in the bioresorbable scaffolds market. Evidence-based heart treatments are continuously enriching the bioresorbable scaffolds market outlook.

Emerging trends of the bioresorbable scaffolds market vividly indicate that newer-generation devices with improved stent strut thickness and high-performance bioresorbable materials have raised the expectations. Broadly, long-term trials on clinical performance polymeric resorbable scaffolds and metallic resorbable scaffolds aim at reducing incidence of stent thrombosis.

Bioresorbable Scaffolds Market: Key Drivers, Trends, and Avenues

Device manufacturers in the bioresorbable scaffolds market are increasingly improving the product attributed related to the scaffold, the polymer, and the drug to meet the current customer propositions. Rise in incidence of stent-related adverse cardiovascular outcomes in PCIs is a key driver for development of newer generation of bioresorbable scaffolds. Focus on multiple product attributes have led to the launch of devices that promise reduced target-vessel MI and late scaffold thrombosis. Metallic stents are increasingly being associated with stent-related adverse cardiovascular outcomes.

Recent trends are stridently shedding light on new approaches that aim to evaluate the efficacy of newer devices in the market with older generations of DES. Most of the DES available commercially have been limited in use due to drawback in caging of the vessel wall. Cardiologists are attracted to the idea of “leave-nothing-behind” approach reinforced by fully BRS, and evaluating the overall efficacy, thereby opening new frontiers in bioresorbable scaffolds market.

A range of materials can be used, with lactate polymers generating massive interest of researchers, as recent developments in bioresorbable scaffolds market confirm. Of note, a number of lactate-based polymer systems have entered the late clinical development stage. New strut designs are being explored by medtech companies in the bioresorbable scaffolds market, which will pave the way for advanced technologies that can improve the long-term prognosis of patients in routine percutaneous coronary intervention (PCI)

Bioresorbable Scaffolds Market: Competition Landscape

The research report on bioresorbable scaffolds market has made quantitative as well as qualitative assessment of customer propositions shaping demand in lucrative customer and geographical segments.

Scores of large, multicenter, randomized controlled trials and BRS programs have been undertaken by multinational medical devices and healthcare companies, especially in the U.S. and China. Frontrunners shaping the competitive landscape of the market are Meril Life Sciences, Arterial Remodeling Technologies SA, Elixir Medical, and Abbott Laboratories.

Top players in bioresorbable scaffolds market have gained a better understanding of BRS deployment techniques from these studies. However, still there is lack of well-designed clinical trials that can clarify the benefit of bioresorbable scaffolds in reducing the risk of scaffold thrombosis. Studies by other heavyweights in Europe have looked at how far have the new products been effective in improving neointimal hyperplasia and vessel recoil.

Bioresorbable Scaffolds Market: Regional Landscape

Frenetic R&D on expanding the generation of BRS of different materials have fueled revenue possibilities in North America, bolstering the bioresorbable scaffolds market outlook. Prevalence of cardiovascular diseases in Asia Pacific has spurred the demand for interventional cardiology. The region is expected to be hotbed of opportunities until the forecast period. Continuous emphasis on innovations in stent and strut designs will enrich the bioresorbable scaffolds market in Asia Pacific. Manufacturers are also emphasizing on procedural-related factors to boost the surgical outcomes in the contemporary devices, which has generated incremental avenues in the regional market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?