Coronary Stents Market Size to Reach USD 16.8 Billion by 2032 growing at 8.2% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

Coronary Stents Market size valued at USD 7.8 Billion in 2022 is on a trajectory to exceed USD 16.8 Billion by 2032, signaling a robust CAGR of 8.2%

The coronary stents market has expanded and evolved significantly in recent years, owing to the increased prevalence of coronary artery disease (CAD) and an aging population. Coronary stents are tiny mesh-like tubes used to treat restricted or blocked arteries and increase blood flow to the heart. The industry is highly competitive, with numerous significant competitors, including Abbott Laboratories, Boston Scientific Corporation, and Medtronic, among others, consistently developing to deliver new and sophisticated stent technologies.

Technological breakthroughs like as drug-eluting stents (DES) and bioresorbable stents have gained popularity, providing better patient outcomes and lowering problems. Furthermore, the rising acceptance of minimally invasive procedures and increased awareness of cardiovascular disorders help to drive market growth. However, issues like as regulatory impediments, pricing constraints, and the risk of adverse events associated with stent implantation continue to influence market dynamics. As healthcare systems throughout the world continue to prioritize cardiovascular care, the coronary stents market is likely to grow steadily, with continuous research and development programs focused at improving the safety and efficacy of stent technology.

Coronary Stents Market Value

Coronary Stents Market Statistics

  • The global coronary stents market earned USD 7.8 billion in 2022 and is poised for substantial growth, projecting a CAGR exceeding 8.2% from 2023 to 2032
  • North America dominated in 2022, capturing a significant 34% market share
  • Asia-Pacific is expected to grow remarkably at a estimated CAGR of 9% from 2023 to 2032
  • Drug eluting stent commanded a substantial 66% market share within type segment in 2022
  • Metallic biomaterials segment recorded noteworthy revenue in 2022
  • A notable coronary stents market trend is the increasing focus on bioresorbable stents

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Coronary Stents Market Dynamics

Increasing Prevalence of Coronary Artery Disease Fuels the Coronary Stents Market Value

The growing prevalence of coronary artery disease (CAD) is a major driver of the coronary stents industry. CAD is a prominent cause of morbidity and mortality worldwide, defined by the accumulation of plaque in the coronary arteries, which reduces blood flow to the heart. Sedentary behavior, a poor diet, and tobacco use are all contributing to an increase in the prevalence of CAD.

Coronary stents are an important part of the management and treatment of CAD because they offer a less invasive way to unblock restricted or blocked arteries and restore blood flow to the heart. With an aging population and an increasing burden of cardiovascular risk factors, demand for coronary stents is likely to rise. The market reacts to this trend by developing and launching improved stent technologies, such as drug-eluting stents and bioresorbable stents, to enhance patient outcomes and satisfy the unique requirements of people with CAD. Overall, the link between the incidence of coronary artery disease and demand for coronary stents emphasizes the market's relevance in addressing a major healthcare issue.

Expanding Application of Drug-Eluting Stents (DES) in Complex Lesions Offers Significant Coronary Stents Market Opportunity

The growing use of drug-eluting stents (DES) in treating complicated lesions represents a huge potential for the coronary stents industry. agent-eluting stents are designed to release medicine, often an anti-proliferative agent, to prevent arteries from re-narrowing following stent placement. In recent years, there has been an increasing interest in employing DES for more difficult instances, such as complicated lesions with many blockages or diabetic individuals.

The success of drug-eluting stents in lowering restenosis rates and the requirement for repeat operations has led to their increased use in complicated coronary artery disease cases. As interventional cardiologists acquire trust in the stents' safety and performance, the industry reacts by creating and commercializing newer generations of DES with better drug coatings and delivery mechanisms. The capacity of drug-eluting stents to treat difficult lesions is consistent with the larger objective of improving patient outcomes and lowering the overall burden of coronary artery disease.

This market opportunity is bolstered by continuous R&D initiatives to improve the efficacy of drug-eluting stents, such as improving drug formulations and investigating new coatings. As the need for effective and adaptable stent solutions grows, the increasing use of drug-eluting stents in treating complicated lesions is expected to generate significant growth in the coronary stents market.

Coronary Stents Market Segmentation

The global market for coronary stents has been segmented into type, biomaterial, mode of delivery, end user, and region.

  • Type segment is divided into bare metal stents, drug eluting stent (biodegradable and non-biodegradable), and bio-absorbable stent
  • Biomaterial type segment is split into metallic biomaterials, polymers biomaterials, and natural biomaterials
  • Mode of delivery segment includes self expandable stent and balloon expandable stent
  • The coronary stents market is regionally segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East and Africa

Coronary Stents Market Regional Outlook

The North American area, which includes the United States and Canada, has a sizable proportion of the coronary stent market. The well-established healthcare infrastructure, high prevalence of coronary artery disease, and advantageous reimbursement scenarios all help to drive market expansion. Ongoing technical breakthroughs and a strong research and development environment in this region contribute to the adoption of novel coronary stent technology.

European nations, including Germany, the United Kingdom, and France, have a substantial market share in the coronary stent category. The aging population and lifestyle-related risk factors increase the prevalence of cardiovascular illnesses, fueling the need for coronary stents. Stringent regulatory frameworks and cost-cutting initiatives influence market dynamics, including product approvals and market access.

The Asia-Pacific area, which includes China, India, and Japan, has a fast rising market for coronary stents. The rising prevalence of cardiovascular disorders, improved healthcare infrastructure, and increased knowledge of interventional cardiology treatments all contribute to market growth. Economic expansion, urbanization, and an expanding middle class all contribute to increased demand for modern medical technology such as coronary stents.

Coronary Stents Market Players

Coronary Stents companies profiled in the report include Abbott Vascular, Boston Scientific, Medtronic, B. Braun Melsungen AG, Terumo, Biotronik SE & Co. KG, Cook Group, Stentys SA, Becton Dickinson and Co., SMT, and Micro Port.

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