Bioresorbable Vascular Scaffold Market Set to Grow at a Remarkable 7.8% CAGR, Says TMR Study

Wilmington, Delaware, United States, June 08, 2023 (GLOBE NEWSWIRE) -- The global bioresorbable vascular scaffold market was valued at USD 161.5 Mn in 2022 and is estimated to surpass USD 316.7 Mn by 2031 , expanding at a CAGR of 7.8% between 2023 and 2031.

Increase in frequency of cardiovascular illnesses and rise in demand for less invasive treatments are projected to drive global bioresorbable vascular scaffold market development during the forecast period. Additionally, increase in healthcare spending and rise in awareness about the benefits of BVS over conventional metallic stents is likely to drive market demand for bioresorbable vascular scaffolds.

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Leading companies in the market are spending on R&D initiatives to create novel products and broaden product line. Players are focusing on strategic collaborations and alliances to increase market position in this fiercely competitive industry.

Coronary artery disease can be treated with a medical device termed as bioresorbable vascular scaffold (BVS). It is a specific kind of stent made of a biodegradable polymer that eventually dissolves, leaving just the natural channel. The purpose of BVS is to give the artery short-term assistance so that it can recover and resume its normal function. Basically, it is a very recent technological advancement that was created as a substitute of conventional metal stents. Long-term problems including thrombosis and restenosis are less likely with BVS. This is expected to drive industry growth.

Key Findings of Market Report

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Global Bioresorbable Vascular Scaffold Market: Growth Drivers

Global Bioresorbable Vascular Scaffold Market: Regional Landscape

Global Bioresorbable Vascular Scaffold Market: Key Players

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Global Bioresorbable Vascular Scaffold Market: Segmentation

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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