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How Does the Projected Growth of the Coronary Stents Market Compare Over the Forecast Period?

The market size for coronary stents has witnessed substantial growth in the preceding years. The market is projected to inflate from a value of $11.06 billion in 2024 to reach $12.02 billion in 2025, registering a compound annual growth rate (CAGR) of 8.6%. The unprecedented growth during the historical period can be traced back to the increased preference for less invasive procedures, burgeoning healthcare access in burgeoning markets, escalating healthcare expenditures, a surge in percutaneous coronary interventions, and an increasing number of cardiologists.

In the coming years, a significant growth is projected for the coronary stents market, with an expected value of $16.5 billion by 2029, showing a compound annual growth rate (CAGR) of 8.3%. Several factors are contributing to this boom during the forecast period; these include an increase in cardiovascular diseases, an aging demographic, heightened consciousness regarding heart health, and supportive government programs and funding. This growth is also due to the rise of lifestyle diseases. Key trends estimated during this forecast period include progress in stent technology, breakthroughs in imaging technologies, strategic alliances and partnerships, improvements in stent materials, and technological amalgamation with digital health.

How Are the key drivers expanding the growth of the Coronary Stents Market?

Anticipated growth in the coronary stent market can be attributed to the increasing occurrence of cardiovascular diseases (CVDs). These diseases, which include conditions like coronary artery disease, heart failure, stroke, and hypertension, are health issues concerning the heart and blood vessels. The unprecedented growth in these diseases can be linked to various factors such as an aging population, the rising frequency of risk factors like obesity, diabetes, inactive lifestyles, poor nutrition, and stress. Coronary stents are crucial for treating cardiovascular diseases as they help widen or unblock coronary arteries, enhancing blood flow to the heart and minimizing heart attack risks. As an illustration, a report published in August 2022 by the American College of Cardiology, a non-profit medical association based in the U.S., predicted remarkable surges in cardiovascular risk factors in the U.S. between 2025 and 2060. Diabetes is projected to increase by 39.3% to 55 million people, dyslipidemia by 27.6% to 126 million, hypertension by 25.1% to 162 million, and obesity by 18.3% to 126 million. Forecasts show the largest increases in cardiovascular diseases for stroke (33.8% rise to 15 million) and heart failure (33.4% rise to 13 million), followed by ischemic heart disease (30.7% rise to 29 million) and heart attacks (16.9% rise to 16 million). In conclusion, the ascending prevalence of cardiovascular diseases (CVDs) acts as a key driver for the expansion of the coronary stent market.

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Who Are the Key Players Steering the Development of the Coronary Stents Market?

Major companies operating in the coronary stents market are:

• Abbott Laboratories

• Medtronic Plc

• Biosensors International Group Ltd.

• Boston Scientific Corporation

• B. Braun Melsungen AG

How Are Consumer Trends Shaping the Current and Future Landscape of the Coronary Stents Market?

Major firms in the coronary stent market are focusing on the development of innovative products like drug-eluting stents, aiming to decrease the frequency of repeated procedures, something commonly associated with bare-metal stents. These drug-eluting stents are unique coronary stents layered with medication meant to prevent arteries from narrowing again by slowly discharging drugs over a period of time. One such case is from May 2024 when Abbott, a healthcare company from the US, launched its XIENCE Sierra Everolimus (a type of drug) Eluting Coronary Stent System in India. The highlight of XIENCE Sierra stent is its upgraded design, newly introduced delivery system, and specialized size options that are carefully designed to cater to difficult cases. This stent carries forward the unique coating feature that minimizes the risk of artery re-clogging, a common attribute of other XIENCE stents. It boasts of an impressive safety track record, supported through over 120 clinical trials involving more than 120,000 patients.

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Which Primary Segments of the Coronary Stents Market Are Driving Growth and Industry Transformations?

The coronary stents market covered in this report is 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

Subsegments:

1) By Dual Therapy Stents: Sirolimus-Eluting Dual Therapy Stents, Paclitaxel-Eluting Dual Therapy Stents, Everolimus-Eluting Dual Therapy Stents

2) By Radioactive Stents: Beta Radiation Stents, Gamma Radiation Stents, Other Radiation Stents

3) By Thrombectomy Stents: Manual Thrombectomy Stents, Mechanical Thrombectomy Stents, Hydrodynamic Thrombectomy Stents

4) By Covered Stents: PTFE-Covered Stents, ePTFE-Covered Stents, Polyurethane-Covered Stents, Other Covered Stents

5) By Bioresorbable Stents: Polymer-Based Bioresorbable Stents, Metal-Based Bioresorbable Stents, Ceramic-Based Bioresorbable Stents

6) By Biodegradable Stents: Polymeric Biodegradable Stents, Magnesium-Based Biodegradable Stents, Other Biodegradable Stents

7) By Hybrid Stents: Hybrid Drug-Eluting Stents, Hybrid Biodegradable Or Metal Stents, Other Hybrid Stents

8) By Drug-Eluting Stents: Sirolimus-Eluting Stents, Paclitaxel-Eluting Stents, Everolimus-Eluting Stents, Zotarolimus-Eluting Stents, Other Drug-Eluting Stents

9) By Bare Metal Stents: Stainless Steel Bare Metal Stents, Cobalt Chromium Bare Metal Stents, Other Bare Metal Stents

Which Geographical Regions Are Shaping the Coronary Stents Market Growth?

North America was the largest region in the coronary stents market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coronary stents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Do Experts Define the Scope of the Coronary Stents Market?

Coronary stents are small, expandable tubes used to open up narrowed or blocked coronary arteries, which supply blood to the heart muscle. These devices are typically made of metal mesh and are placed during a procedure called percutaneous coronary intervention (PCI), often referred to as angioplasty. The stent is inserted into the artery on a balloon catheter and expanded at the site of the blockage to restore proper blood flow.

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