Biodegradable Scaffold Market growth driven by development of regenerative medicines
Key players operating in the Biodegradable Scaffold Market Size are Medtronic Plc, Koninklijke Philips N.V., Abbott, Johnson & Johnson Service Inc., Merit Medical Systems, Inc., Stryker, Penumbra, Inc., Acandis GmbH & Co. KG, MicroPort Scientific Corporation, Terumo Corporation, Cerus Endovascular Limited., ASAHI INTECC USA, INC., ZYLOX-TONBRIDGE MEDICAL TECHNOLOGY CO., LTD., iVascular, LifeHealthcare, Veiva, and Nordson MEDICAL. These key players are engaged in new product development and launches as well as strategic partnerships and collaborations to gain a larger market share.
Asia Pacific region is projected to witness the fastest growth in the biodegradable scaffold market during the forecast period. This is primarily attributed to rapidly growing economies, rising middle class population with higher disposable incomes, increasing burden of lifestyle diseases, and improvements in public healthcare systems across various Asian countries. In addition, growing presence of leading medical device manufacturers through partnerships with regional players is contributing to market expansion. Emerging nations like India, China and South Korea are witnessing heavy investments for developing advanced healthcare infrastructure, which is creating favorable conditions for new surgical and regenerative solutions like biodegradable scaffolds. Additionally, growing medical tourism industry is augmenting the usage of innovative biomaterials in the Asia Pacific region.
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