Bioresorbable Scaffolds Market Size, Share, Growth Analysis, By Type(Drug Eluting Coronary Scaffolds, Sirolimus-Eluting Device), By Material(Absorbable Magnesium Stent (AMS), Polymeric Scaffold) - Industry Forecast 2024-2031

Global Bioresorbable Scaffolds Market size was valued at USD 374.94 million in 2022 and is poised to grow from USD 416.56 million in 2023 to USD 966.92 million by 2031, growing at a CAGR of 11.10% during the forecast period (2024-2031).

The bioresorbable scaffolds market is witnessing significant growth owing to advancements in medical technology and the increasing prevalence of cardiovascular diseases. Bioresorbable scaffolds are temporary implants used to treat coronary artery diseases, gradually dissolving over time while allowing the vessel to heal naturally. This market is segmented into material type, application, end-user, and region.

The market's material type segment includes polymer-based and metal-based scaffolds. Polymer-based scaffolds dominate the market due to their biocompatibility and gradual resorption properties. Cardiovascular diseases, orthopedic disorders, and others comprise the application segment, with cardiovascular diseases leading the demand due to a high incidence rate.

Hospitals, ambulatory surgical centers, and specialized clinics constitute the end-user segment. The rising number of hospital admissions for cardiac interventions drives the demand for bioresorbable scaffolds. Geographically, North America commands a significant market share due to well-established healthcare infrastructure and increasing cardiovascular disease cases. Europe follows with a strong focus on research and development, while the Asia-Pacific region is witnessing growth due to the rise in healthcare investments and the aging population.

Factors driving the market include the growing elderly population, demand for minimally invasive procedures, and technological advancements. However, challenges like high costs and the need for skilled professionals hinder market growth. With ongoing research to enhance scaffold properties and efficacy, the bioresorbable scaffolds market is anticipated to expand in the coming years.

US Bioresorbable Scaffolds Market is poised to grow at a sustainable CAGR for the next forecast year.