Precision Business Insights has published a report on the global bioabsorbable vascular scaffolds market, estimating its value at USD 473.30 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 13.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-bioabsorbable-vascular-scaffolds-market
The market for bioabsorbable vascular scaffolds is the area of cardiovascular medical devices intended to provide short-term blood vessel support following operations such as angioplasty. In contrast to conventional metallic stents, these scaffolds lessen long-term problems such chronic inflammation, restenosis, or thrombosis by slowly dissolving in the body after restoring artery function.
Drivers:
- Increasing prevalence of coronary artery disease (CAD) and peripheral artery disease (PAD) due to aging populations, sedentary lifestyles, and poor diets.
- Growing preference for less invasive vascular interventions is boosting demand for bioabsorbable solutions.
The global bioabsorbable vascular scaffolds market segmentation:
1) By Product Type: Biological, Biosynthetic
2) By Material Type: Metal based BVS, Polymer based BVS
3) By Application: Coronary Artery Stents, Peripheral Artery Stents
4) By End-User: Hospitals, Cardiac Centres, Ambulatory Surgical Centres
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Regional Overview:
The report also examines the current concerns and their Future Effects on the bioabsorbable vascular scaffolds market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the bioabsorbable vascular scaffolds market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Medtronic, Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., Biotronik SE & Co. KG, C.R. Bard Inc., Stentys SA, Svelte Medical Systems, Inc., REVA Medical, Inc.
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