TheCoronary Stent Market Size was valued at USD 7.5 billion in 2022 and isprojected to grow from USD 7.74 Billion in 2023 to USD 9.6 billion by 2032,exhibiting a compound annual growth rate (CAGR) of 3.3% during the forecastperiod (2023 - 2032).

Theglobal coronary stent market continues to evolve, driven bytechnological advancements, rising prevalence of cardiovascular diseases, andincreasing demand for minimally invasive procedures. Innovations indrug-eluting stents (DES) and bioresorbable scaffolds (BRS) are reshaping thelandscape, offering improved efficacy and safety profiles. Emerging economiesare witnessing robust market growth due to expanding healthcare infrastructureand growing patient awareness. However, regulatory challenges and pricingpressures remain significant hurdles for market players. With a focus onenhancing patient outcomes and reducing complications, manufacturers areinvesting in research and development efforts. Overall, the coronary stentmarket is poised for steady expansion amidst evolving healthcare dynamics.

TheCoronary Stent Market continues to witness significant growth, driven byadvancements in medical technology and increasing cases of cardiovasculardiseases worldwide. Cardiac stents, particularly medicated stents, have emergedas pivotal solutions in the management of coronary artery diseases (CAD). Thesestents are designed to open narrowed or blocked arteries, restoring blood flowto the heart and alleviating symptoms such as chest pain and shortness ofbreath.

Medicated stents, a subset of cardiac stents, are coatedwith drugs that help prevent the re-narrowing of arteries after stentplacement, a common issue with bare-metal stents. This innovation hasrevolutionized the treatment landscape for CAD, offering improved patientoutcomes and reduced rates of restenosis.

Thedemand for cardiac stents, especially medicated stents, is propelled by therising prevalence of risk factors such as sedentary lifestyles, unhealthydietary habits, and aging populations. Additionally, increasing awarenessregarding early diagnosis and treatment of cardiovascular conditionscontributes to market expansion.

Keyplayers in the coronary stent market are investing heavily in research anddevelopment to introduce innovative stent designs and drug-coatingtechnologies, aiming to enhance efficacy and safety profiles while minimizingadverse effects.

Ashealthcare systems worldwide focus on improving access to advancedcardiovascular care, the coronary stent market is poised for sustained growth,offering promising prospects for both patients and industry stakeholders.

MarketSegmentation

MarketResearch Future report offers an all-inclusive segmental analysis of the heartstent market on the basis of products and end user.

Basedon products, it is segmented into Bioresorbable Vascular Scaffolds, Bare MetalStents and Drug Eluting Stents. Of these, drug eluting stent is expected tolead the market during the predicted years owing to its increasing acceptancein better patient compliance, angioplasty procedures in comparison to baremetal stents. The bioresorbable stents is expected to expand at the fastestpace.

Basedon end users, the coronary stents market is segmented into specialty centers,ambulatory surgical centers, hospitals and clinics and others. Of these,hospitals and clinics will have the maximum market share during the predictedyears. This will be followed by the ambulatory surgical centers which willexpand at the fastest rate.

RegionalAnalysis

Basedon region, the coronary stents market covers growth opportunities and latesttrends across North America, Europe, Asia Pacific and Middle East and Africa.Of these, North America will have a lion’s share in the market due toincreasing cases of cardiovascular diseases mainly coronary artery disease,arterial blockage, cardiac arrythmia to name a few. Availability of advancedtreatment methods and better therapeutic approaches has affected the growth ofthe market in this region in a positive way. The other factors that is drivingthe growth of the coronary stents market here include high disposable income,increasing medical awareness among the people here and existence of leadingmedical device manufacturers in this region. The coronary stents market inEurope holds the second largest share owing to the increasing support by thegovernment for device manufacturers. Also, expansion of the companiesgeographically has resulted in a broader reach of medical services and productsthat has brought tremendous change with regards to acceptance as well asimplementation of novel procedures and products. The coronary stents market inthe APAC region experienced a huge growth due to the increasing development inthe medical domain in the developing countries such as China and India.Besides, increasing medical device companies here, increasing research anddevelopment expenditure and increasing funding made by the government hasresulted in its fastest growth. On the other hand, the coronary stents marketin the Middle East and Africa is expected to have minimal growth opportunities.

CompetitiveAnalysis

Thecoronary stents market analysis is fragmented and highly competitive. Theleading companies which have used strategies such as strategic alliances andmergers and acquisitions have gained a competitive advantage. Besides companiesare highly focused to create products that are technologically advanced anddeliver efficiency and greater accuracy.

KeyPlayers

Thecoronary stents companies include Terumo Corporation, Stentys SA,MicroPort Scientific Corporation, Meril Life Sciences, Medtronic plc, ElixirMedical Corporation, Cook Medical, R. Bard, Inc., Boston ScientificCorporation, Biotronik SE & Co. KG, and Abbott, B. Braun Melsungen AG.

Feb2019- Biotronik has received approval from the FDA on its Ultrathin OrsiroStent to treat coronary artery disease. This coronary stent will offer a noveltreatment option to healthcare providers that will help in sealing theperforation to prevent blood leakage at the time of the procedure as well asavoid higher invasive surgical procedure or life-threatening complication.

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