Growth, Trends, and Opportunities in the Drug Eluting Stent Market: Key Insights for the Next Decade
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What is the Long-Term Projected Growth Rate for the Drug Eluting Stent Market, and What Are the Key Drivers?
The market size of drug eluting stents has seen significant growth in recent times. It is projected to expand from $7.63 billion in 2024 to $8.29 billion in 2025, registering a compound annual growth rate (CAGR) of 8.6%. Factors contributing to the growth during the historic period include the demand for better treatment methods, clinical proof, regulatory clearance, healthcare economics, along with guidelines and suggestions.
The market for drug-eluting stents is forecasted to witness significant expansion in the coming years, with a projected value of $11.37 billion in 2029, demonstrating an 8.2% compound annual growth rate (CAGR). This predicted growth during the forecast period can be traced back to several factors, including an aging population and increasing chronic disease prevalence, widening medical applications, health insurance reimbursement strategies, expansion of the global market, and focus on individualized patient care. The major trends expected to shape the market in the forecast period incorporate custom-tailored medicine, less intrusive medical procedures, emerging health care technologies, and advanced drug formulations.
What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the Drug Eluting Stent Market?
Increases in coronary heart disease (CHD) incidence are anticipated to stimulate the expansion of the drug-eluting stent market in the future. CHD, characterized by the constriction or blockage of coronary arteries from plaque accumulation, can potentially result in severe outcomes such as myocardial infarction or angina. Factors such as passive lifestyles, sub-optimal diets, aging societies, and improved awareness contribute to a higher incidence of coronary heart disease. Drug-eluting stents (DES) offer benefits in treating CHD by effectively unblocking or dilating constricted coronary arteries while dispensing medication to curb restenosis. For example, the Centers for Disease Control and Prevention, a US governmental entity, revealed in May 2024 that the proportion of adults aged 18 and above with CHD rose from 4.6% in 2020 to 4.9% in 2022. Thus, the increasing prevalence of CHD is likely to drive the growth of the drug-eluting stent market in the future.
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Which Companies Are Leading the Charge in Expanding the Drug Eluting Stent Market?
Major companies operating in the drug eluting stent market are:
• Nestlé S.A. _x000D_
• Abbott Laboratories_x000D_
• Fresenius SE & Co. KGaA_x000D_
• Groupe Lactalis S.A._x000D_
• Danone S.A._x000D_
What New Trends Are Reshaping the Drug Eluting Stent Market and Its Opportunities?
Firms in the drug-eluting stent market are concentrating on creating innovative delivery systems like the dual-layer balloon to enhance patient outcomes and promote advancements in interventional cardiology. The inclusion of a dual-layer balloon in a drug-eluting stent system increases drug delivery and stent placement accuracy by offering improved management and a consistent drug distribution on the arterial wall. For example, Medtronic Plc, a medical supplier based in Ireland, launched Onyx Frontier in August 2022. This new generation of drug-eluting coronary stent systems is designed to amplify delivery systems, drawing from acute performance and clinical data from the earlier generation of Resolute Onyx DES. Retaining the best-in-class stent platform from Resolute Onyx and a broad size matrix, Onyx Frontier DES is designed to cater to patients with diameters ranging from 2.0mm to 5.0mm. The Onyx Frontier DES also includes key design improvements such as an innovative dual-layer balloon, minimized crossing profile, and bettered catheter flexibility. These advancements resulted in a 16% increase in deliverability compared to the previous generation of Resolute Onyx DES while maintaining radial strength.
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Which Key Market Segments Comprise the Drug Eluting Stent Market and Drive Its Revenue Growth?
The drug eluting stent market covered in this report is segmented –
1) By Product: Polymer-Based, Polymer-Free
2) By Drug: Sirolimus, Paclitaxel, Zotarolimus, Everolimus, Biolimus, Other Drugs
3) By Scaffold: Cobalt-Chromium, Platinum-Chromium, Nitinol, Biodegradable, Other Scaffolds
4) By Application: Coronary Diseases, Peripheral Vascular Diseases
5) By End-User: Hospitals, Specialty Clinic
Subsegments:
1) By Polymer-Based: Durable Polymer Drug-Eluting Stents, Biodegradable Polymer Drug-Eluting Stents
2) By Polymer-Free: Bare-Metal Stents With Drug Coating, Other Polymer-Free Drug-Eluting Stents
What Are the Top Regions Fueling Growth in the Drug Eluting Stent Market?
North America was the largest region in the drug-eluting stent market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drug eluting stent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Defines the Scope of the Drug Eluting Stent Market?
A drug-eluting stent (DES) is a medical device used in the treatment of coronary artery disease (CAD). It is a small, mesh-like tube typically made of metal that is inserted into narrowed or blocked coronary arteries during a procedure called percutaneous coronary intervention (PCI) or angioplasty.
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