Bioresorbable Coronary Scaffolds Market Trends

Growth Drivers

Prevalence of Cardio Vascular Diseases amidst Ageing Population

According to the World Health Organization, CVDs are the number 1 cause of death globally; more people die annually from CVDs than any other cause.Another WHO estimate states that between 2015 and 2020, the proportion of world’s population of people over 60years will nearly double from 12% to 22%.To reduce the mortality rates and improve the life expectancy, the production of bioresorbable coronary scaffolds will increase which is anticipated to drive the market growth.

Overweight, Obesity and Work patterns

Almost 4 Billion people on the planet live in urban areas today and their lifestyle which includes eating habits and workhours, are having a significant impact on health of the individuals, both physical and mental.Working hours and patterns are leading to mental ill-health which results in significant rise in cases of depression, stress, anxiety, eating disorders leading towards alcohol/drugs. According to World Health Organization (WHO), in 2019, 38 million children under the age of 5 were overweight or obese. The potential risk of rising CVDs in the population demography is projected to drive the bioresorbable coronary scaffolds market growth positively.

COVID’19 and its aftermath

As per the WHO,the death toll is high among COVID-19 patients who are already suffering from various other illnesses like pneumonia, coronary heart diseases and others prior to COVID’19.The treatment for the patients suffering from CVDs and later affected by COVID’19 involves the use of ventilators and bioresorbable coronary scaffolds. This results in healthcare professionals urging the governments to provide them the scaffolds for proper treatment.

Technological Advancements

The advancements in the field of developing scaffolds which are potentially bioresorbable and with superior scaffold performance are estimated to result in healthcare professionals recommending this alternative for treating CVDs.

Challenges

The potential factor associated with causing a negative impacton the growth of the market is estimated to be the high costassociated with bioresorbable coronary scaffolds. This might result in a large section of the population not being able to afford the scaffolds during treatment.