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2032, Drug-eluting Stents Market Size, Share and Forecast Report [Market Data Library]
Drug-Eluting Stents Market
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Drug-Eluting Stents Market Analysis & Insights
Drug-Eluting Stents Are Utilized In The Treatment Of Coronary Artery Disease And Are Inserted Into The Narrowed Or Blocked Coronary Arteries Of Patients With Atherosclerosis. These Stents Are Constructed From Medical-Grade Stainless Steel Or Cobalt Alloy Metal And Are Designed To Expand And Hold The Artery Open. The Stents Have A Specialized Coating Made Of Polymer That Contains A Drug, Which Is Slowly Released To Prevent Blockages And Improve Blood Flow Within The Artery. This Technology Is Commonly Employed In Procedures Such As Coronary Angioplasty And Percutaneous Coronary Interventions (PCI). Each Drug-Eluting Stent Consists Of Three Components: The Stent Platform, The Polymer Coating That Retains The Drug Within The Stent, And The Drug Itself.
Research Scope
Drug-Eluting Stents Market Dynamics
"Rising Prevalence Of Cardiovascular Disease To Drive The Drug Eluting Stent Market"
The Global Prevalence Of Cardiovascular Diseases (CVDs) Is Increasing Due To Various Factors Such As Changes In Lifestyle, Obesity, Diabetes, And Smoking. This Trend, Coupled With The Growing Healthcare Expenditure In Developing Countries, Is Expected To Drive The Demand For Drug-Eluting Stents In The Global Market. Furthermore, The Rising Incidence Of Peripheral Arterial Disease (PAD) Is Also Expected To Contribute To The Growth Of The Drug-Eluting Stent Market. For Instance, In The United States, It Has Been Reported By The National Center For Chronic Disease Prevention And Health Promotion That A Significant Number Of Individuals Aged 40 Years And Above Are Affected By PAD. This Is Anticipated To Fuel The Demand For Drug-Eluting Stents In Peripheral Stenting Procedures Worldwide.
"Introduction Of Advanced Drug Eluting Stent Is Projected To Drive Their Adoption In The Global Market"
Recent Advancements In Cardiovascular Interventions And The Development Of Bioresorbable Polymer-Based Drug-Eluting Stents (DES) Are Expected To Have A Significant Impact On The Expansion Strategies Of Manufacturers In The DES Market. The Introduction Of Technologically Advanced Stents Is A Key Driver For Market Growth In The Forecast Period. For Example, In February 2019, Biotronik Received FDA Approval For Orsiro, An Ultrathin DES Designed For Use In Percutaneous Coronary Intervention Procedures. This Approval Opens Up Opportunities For Biotronik To Expand Its Market Presence.
" Frequent Product Recalls Is One Of The Major Elements Anticipated To Hamper The Market Growth"
Despite Rising Prevalence Of Cardiovascular Disease And Introduction Of Novel And Technologically Advanced Drug Eluting Stent, There Have Been Several Product Recalls By Various Key Market Players. Frequent Product Recalls By Key Market Players Is Likely To Hamper The Growth Of The DES Market. For Instance, Boston Scientific Had Initiated A Voluntary Recall For Its 150mm Eluvia Drug Eluting Vascular Stent, As Well As Its 180mm And 200mm Innova Self-Expanding Stent System Due To Growing Number Of Issues Registered For Partial Stent Deployment Resulting Into Vessel Trauma And Prolongation Of The Implant Procedure.
To view Top Players, Segmentation and other Statistics of Drug-eluting Stents Industry, Get Free Customization Report: https://marketdatalibrary.com/free-customization/14464
"North America Is Expected To Hold A Significant Share In The Market And Expected To Do Same In The Forecast Period"
North America Is Anticipated To Dominate The Drug-Eluting Stent Market, Primarily Due To Favorable Reimbursement Policies And A High Incidence Rate Of Artery Diseases In The Region. The Presence Of Advanced Healthcare Infrastructure And Ongoing Technological Advancements In Drug-Eluting Stents Further Contribute To The Market Growth. According To Data From The Center For Disease Control And Prevention (CDC) In July 2022, It Is Projected That 20.1 Million Adults Aged 20 And Older Will Be Affected By Coronary Artery Disease In 2020. Additionally, Approximately 805,000 Americans Experience A Heart Attack Each Year. The Economic Impact Of Heart Disease In The United States Amounts To An Estimated USD 229 Billion Annually. These Statistics Illustrate The Growing Burden Of Heart Diseases And The Substantial Healthcare Expenditure Associated With Them, Which Are Expected To Drive The Demand For Drug-Eluting Stents In The Region. The Presence Of Favorable Reimbursement Policies Facilitates Patient Access To Drug-Eluting Stents, Making Them A Preferred Treatment Option For Physicians And Patients. Moreover, The Well-Established Healthcare Infrastructure In North America Supports The Adoption Of Advanced Medical Technologies And Procedures, Including Drug-Eluting Stents.
Regional Insights:
During The Projected Period, Germany Will Continue To Be The Most Lucrative Market For Drug-Eluting Stents. The Asia Pacific Region Is The Largest Market For Drug-Eluting Stents With A Large Consumer Base.
The Asia Pacific Region Is Anticipated To Expand At The Fastest CAGR From 2022 To 2030. Countries Like Germany, France, And The United Kingdom Also Support The Provision Of Drug-Eluting Stents Market. Asia Pacific Also Has A Mature Drug-Eluting Stents Market.
Download Our Free Sample Report to Learn More: https://marketdatalibrary.com/download-sample/14464
Key Companies And Competitive Landscape:
Companies Included In The Report Are:
Boston Scientific Corporation
Abbott
Medtronic
Biotronik
Terumo Corporation
MicroPort Scientific Corporation
Sahajanand Medical Technologies
Others
Report Segmentation:
The Market Report Is Segmented According To Type, Scaffold, Drug, End User And Region As Shown Below:
Type
Coronary Stenting
Peripheral Stenting
Scaffold
Cobalt-Chromium
Platinum-Chromium
Nitinol
Others
Drug
Sirolimus
Paclitaxel
Zotarolimus
Everolimus
Others
End User
Hospitals
Specialty Clinics
Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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