Coronary Stents Market Overview: Market Size, Major Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The coronary stents market has shown strong growth, expanding from $10.22 billion in 2023 to $11.06 billion in 2024, with a compound annual growth rate (CAGR) of 8.2%. This growth can be attributed to factors such as the increasing preference for minimally invasive procedures, expanded healthcare access in emerging markets, rising healthcare expenditure, an increase in percutaneous coronary interventions, and a growing number of cardiologists. The market is expected to continue its strong growth, reaching $15.25 billion by 2028 at a CAGR of 8.4%. This future growth is supported by the rising incidence of cardiovascular diseases, an aging population, greater awareness about cardiovascular health, supportive government programs and funding, and the growing prevalence of lifestyle diseases. Major trends anticipated in the forecast period include innovations in stent technology, advancements in imaging technologies, strategic collaborations and partnerships, innovations in stent materials, and technological integration with digital health.
The increasing prevalence of cardiovascular diseases (CVDs) is likely to propel the growth of the coronary stent market. Cardiovascular diseases, including coronary artery disease, heart failure, stroke, and hypertension, are on the rise due to factors such as an aging population, increased prevalence of obesity and diabetes, sedentary lifestyles, poor diet, and stress. Coronary stents are crucial for opening narrowed or blocked coronary arteries, improving blood flow to the heart, and reducing the risk of heart attacks. For example, in August 2022, the American College of Cardiology projected significant increases in cardiovascular risk factors in the U.S. from 2025 to 2060, including a 39.3% rise in diabetes, a 27.6% rise in dyslipidemia, a 25.1% rise in hypertension, and an 18.3% rise in obesity. Notably, stroke and heart failure are projected to increase by 33.8% and 33.4%, respectively. Therefore, the rising prevalence of cardiovascular diseases is driving the growth of the coronary stent market.
Get A Free Sample On The Coronary Stents Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18325&type=smp
What Are The Key Trends That Influence Coronary Stents Market Share Analysis?
Major companies operating in the coronary stent communication market are developing innovative products, such as drug-eluting stents, to reduce the need for repeat procedures compared to bare-metal stents. Drug-eluting stents are specialized coronary stents coated with medication designed to prevent the re-narrowing of arteries by releasing drugs gradually over time. For instance, in May 2024, Abbott, a US-based healthcare company, launched the XIENCE Sierra Everolimus (drug) Eluting Coronary Stent System in India. The XIENCE Sierra stent stands out due to its enhanced design, new delivery system, and unique size options, specifically engineered to address challenging cases. It retains the specialized coating that reduces the risk of artery re-blockage, consistent with other XIENCE stents. This stent benefits from an exceptional safety record, backed by over 120 clinical trials involving more than 120,000 patients.
How Is The Global Coronary Stents Market Segmented?
1) By Product Type: Dual Therapy Stents; Radioactive Stents; Thrombectomy Stents; Covered Stents; Bioresorbable Stents; Biodegradable Stents; Hybrid Stents; Drug-Eluting Stents; Bare Metal Stents
2) By Technology: Laser Cutting; 3D-Printed Stents; Microfabrication; Nanotechnology-Based Stents; Electropolishing; Others Technologies
3) By Raw Material: Cobalt-Chromium; Stainless Steel; Platinum–Chromium; Nickel–Titanium; Polymer
4) By Deployment: Self-Expandable Stents; Balloon-Expandable Stents
5) By End Uses: Hospitals And Ambulatory Surgical Centers; Specialty Clinics; Other End Uses
Read The Full Coronary Stents Market Report Here:
https://www.thebusinessresearchcompany.com/report/coronary-stents-global-market-report
The Coronary Stents Global Market Report 2024 provides an overview of the coronary stents market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The coronary stents market forecast analyzes coronary stents market size, coronary stents market share, leading competitor and their market positions.
The Table Of Content For The Coronary Stents Market Include:
Explore Similar Reports From The Business Research Company:
Cardiac AI Monitoring And Diagnostics Global Market Report 2024
Cardiac Arrhythmia Monitoring Devices Global Market Report 2024
Cardiac Assist Devices And Equipment Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
