Tag: coronary stents industry

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What key factors are powering the surge in the coronary stents market right now?

The coronary stents market has experienced solid growth in recent years. It will grow from $11.06 billion in 2024 to $12.02 billion in 2025, at a compound annual growth rate (CAGR) of 8.6%. The growth is fueled by the preference for minimally invasive procedures, expanding healthcare access in emerging markets, rising healthcare expenditure, an increase in percutaneous coronary interventions, and a growing number of cardiologists.

How fast Is the coronary stents market expected to grow, and what’s its future value?

The coronary stents market is expected to grow to $16.5 billion by 2029, at a CAGR of 8.3%. Growth is attributed to the increasing incidence of cardiovascular diseases, aging population, greater awareness of heart health, government programs, and rising lifestyle diseases. Key trends include innovations in stent technology, advances in imaging technologies, strategic partnerships, new stent materials, and integration with digital health.

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What are the leading drivers of growth in the coronary stents market?

The rising prevalence of cardiovascular diseases (CVDs) is expected to drive the growth of the coronary stent market. Cardiovascular diseases, including coronary artery disease and heart failure, are increasing due to factors such as aging populations and poor lifestyle habits. Coronary stents are used to treat these diseases by opening blocked arteries and improving blood flow. Projections by the American College of Cardiology indicate significant increases in cardiovascular diseases, particularly heart failure and stroke, which will drive the growth of the coronary stent market.

What are the key segments defining 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

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

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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, Terumo Corporation, W. L. Gore & Associates Inc., Cook Medical Inc., BIOTRONIK SE & Co. KG, Lepu Medical Technology (Beijing) Co. Ltd., Meril Life Sciences Pvt. Ltd, MicroPort Scientific Corporation, OrbusNeich, Asahi Intecc Co. Ltd., Sahajanand Medical Technologies Limited, Translumina GmbH, Stentys S.A., Sorin Group, InspireMD Inc., C. R. Bard Inc., AMG International GmbH, Svelte Medical Systems Inc., Zorion Medical Inc., Spectranetics Corporation

What emerging trends are influencing the growth of the coronary stents market?

Major companies in the coronary stent market are advancing drug-eluting stents to reduce the need for repeat procedures. In May 2024, Abbott, a US-based healthcare company, launched the XIENCE Sierra Everolimus Eluting Coronary Stent System in India. The stent features an enhanced design and a unique delivery system to address challenging cases and improve patient safety by reducing the risk of artery re-blockage.

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Which regions are most influential in expanding 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.

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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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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.

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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

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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:

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