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What Growth Rate is Predicted for the Coronary Stents Market for 2024-2033?

The coronary stents market has experienced strong growth in recent years. It will grow from $10.22 billion in 2023 to $11.06 billion in 2024, achieving a CAGR of 8.2%. This growth can be linked to a preference for minimally invasive procedures, expanded healthcare access in emerging markets, increased healthcare spending, a rise in percutaneous coronary interventions, and a growing number of cardiologists.

The coronary stents market size is expected to experience substantial growth in the coming years, anticipated to reach $8.05 billion by 2028 at a CAGR of 6.5%. Factors driving this growth include the rising prevalence of cardiovascular diseases, increasing geriatric population, advancements in medical technologies, and greater access to healthcare services. Major trends during the forecast period include the increasing adoption of bioresorbable stents, technological advancements in drug-eluting stents, rising demand for minimally invasive procedures, growing focus on patient outcomes, and expansion into emerging markets.

What Drivers Are Enhancing the Coronary Stents Market’s Growth?

The increasing prevalence of cardiovascular diseases (CVDs) is expected to fuel the growth of the coronary stent market in the future. CVDs are a range of disorders affecting the heart and blood vessels, including coronary artery disease, heart failure, stroke, and hypertension. The rise in these diseases is driven by factors like an aging population and an increased prevalence of risk factors such as obesity, diabetes, and sedentary lifestyles. Coronary stents are essential for treating cardiovascular diseases by opening narrowed or blocked arteries, thereby enhancing blood flow to the heart and reducing heart attack risks.

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What Segments Are Central to the Coronary Stents Market?

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

What Emerging Trends Are Influencing Coronary Stents Industry Dynamics?

Prominent companies in the coronary stent communication market are innovating products like drug-eluting stents to minimize the necessity for repeat procedures compared to bare-metal stents. Drug-eluting stents are specialized coronary stents coated with medication designed to prevent artery re-narrowing by gradually releasing drugs 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 is notable for its improved design, new delivery system, and unique size options specifically developed for challenging cases. It maintains the specialized coating that reduces the risk of artery re-blockage, consistent with other XIENCE stents. This stent has an excellent safety record, supported by over 120 clinical trials involving more than 120,000 patients.

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Which Geographic Locations Are Critical to the Growth of the Coronary Stents Market?

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.

The Coronary Stents Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the coronary stents market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Coronary Stents Market Include

1. Coronary Stents Market Executive Summary
2. Coronary Stents Market Segments
3. Coronary Stents Market Size And Template Market Growth Rate
4.  Key Coronary Stents Market Trends
5. Major Coronary Stents Market Drivers
……
25. Key Mergers And Acquisitions In The Coronary Stents Market
26. Top Coronary Stents Companies
27. Coronary Stents Market Opportunities And Strategies
28. Coronary Stents Market, Conclusions And Recommendations
29. Appendix

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