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Bioresorbable Scaffolds Market is expected to
grow at a CAGR of 18.9 during forecasted period
of 2017-2023
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Bioresorbable Scaffolds Market
Global Bioresorbable Scaffolds Market
overview The Global Bioresorbable Scaffolds
Market is growing with the rapid pace. According
to a recent study report published by the Market
Research Future, the Global Bioresorbable
Scaffolds Market is booming and expected to gain
prominence over the forecast period and is
projected to grow a sound pace. The market is
projected to demonstrate a sound growth by 2027,
surpassing its previous growth records in terms
of value with a striking CAGR during the
anticipated period (2017-2027). Bioresorbable
scaffolds are the medical devices used during
surgeries of coronary artery disease. These
scaffolds are introduced recently and allow
successful acute revascularization of coronary
artery stenosis. The main advantage of the
bioresorbable scaffolds is inclusive of complete
bioresorption, leaving no foreign body.
Increasing prevalence of cardiovascular disease
and diabetes are the major drivers of for the
market growth during the forecast period.
According to WHO in 2014, cardiovascular diseases
were the major cause of deaths, globally.
Moreover, it was estimated that during the same
year, about 39 of adults who aged 18 years were
over overweight whereas 13 were obese.
Additionally, rapid development in the devices
used for the cardiovascular surgeries, rising
demand for bioresorbable scaffolds, adoption of
desk-bound lifestyle, and government support for
the research and development of better medical
devices have fuelled the market growth. However,
availability of alternative therapies and high
cost of the bioresorbable scaffolds are estimated
to restrain the market growth during the forecast
period. Request For Sample Report
https//www.marketresearchfuture.com/sample_reques
t/1251
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Bioresorbable Scaffolds Market
Global Bioresorbable Scaffolds Market -
competitive analysis Characterized by the
presence of several well-established and small
players, the global market of bioresorbable
scaffolds appears to be highly competitive and
fragmented. International players are
increasingly expanding their footprint in the
developing economy, making it difficult for
regional vendors to compete with them, especially
in terms of features such as product
differentiation, product portfolios, quality, and
pricing. The Market is witnessing intensified
competition which is expected to get more
intensified further during the forecast period.
The intense competition prevalent in the market
dictates the consolidation among marketers. In
April-2016, Abbott entered into a definitive
agreement with St. Jude Medical Inc. which led to
its acquisition. This created a premier medical
device leader with top positions in high-growth
cardiovascular markets, including atrial
fibrillation, structural heart and heart failure
as well as a leading position in the high-growth
neuromodulation market. Under the agreement, St.
Jude Medical shareholders received USD 46.75 in
cash and 0.8708 shares of Abbott common stock,
representing total consideration of approximately
USD 85 per share. At an Abbott stock price of USd
43.93, this represented a total transaction
equity value of USD 25 billion. Check For
Discount https//www.marketresearchfuture.com/che
ck-discount/1251
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Bioresorbable Scaffolds Market
Global Bioresorbable Scaffolds Marketmarket -
regional analysis The global bioresorbable
scaffolds market is dominated by America owing to
the presence of huge population suffering from
cardiovascular diseases, presence of number of
leading companies and increasing geriatric
population. Moreover, increasing obese and
diabetic population, lack of exercise, increasing
stress and desk-bound lifestyle has provided push
for the growth of the market. Followed by the
Americas, Europe has the second largest market
due to the availability of huge research funds
and increasing government support. Moreover,
increasing healthcare expenditure along with the
presence of developed economies like the Italy,
Germany, France, and others within the region
fuels the market growth within the region. Asia
Pacific accounts for the fastest growing market
due to the rapid development in technology,
growing healthcare industry and a huge patient
suffering. On the other hand, the Middle East
Africa accounts the least share in global
bioresorbable scaffolds market, especially due to
the presence of poor economies within the African
region.
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