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Coronary Stents Market: Trends, Growth Drivers, and Key Players 2024-2031
Coronary Stents Market - DataM Intelligence
The Coronary Stents Market is estimated to grow at a CAGR of 3.2% during the forecast period 2024-2031
A coronary stent is a tube-shaped medical device inserted into the coronary arteries, which are responsible for supplying blood to the heart. Its primary function is to maintain open and unobstructed arteries as part of the treatment for coronary heart disease. Typically deployed during a procedure known as percutaneous coronary intervention (PCI), coronary stents are utilized in over 90% of PCI procedures.
These stents consist of small, expandable mesh tubes designed to be placed within clogged arteries following a balloon angioplasty procedure. By providing structural support, coronary stents help prevent the recurrence of artery blockages, thereby promoting improved blood flow to the heart muscle and reducing the risk of complications associated with coronary artery disease.
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Coronary Stents Industry Trends
The rapid progression of technology in coronary stents is poised to propel market growth significantly. For decades, coronary stents have played a crucial role in sealing perforations in arteries during coronary and peripheral procedures. Presently, the field of percutaneous coronary intervention is undergoing notable advancements to enhance its safety and efficacy in treating complex coronary artery diseases.
Major healthcare manufacturing companies are actively engaged in developing technologically advanced products aimed at improving stent deliverability, safety, and efficacy. For example, Medtronic's FDA approval for its Resolute Onyx 2 mm in February 2018 marked a milestone, as it introduced one of the smallest-sized drug-eluting stents available. These advancements, coupled with the growing demand for effective and minimally invasive surgical procedures, are expected to create substantial opportunities for growth in the coronary stent market.
The increasing preference for minimally invasive surgical techniques has been a significant driving force in the coronary stent market. Such procedures not only reduce post-operative trauma and complications but also lead to shorter hospital stays and faster recovery times. Moreover, advancements in drug-eluting stent (DES) technologies have focused on refining existing platforms to enhance stent delivery and develop more biocompatible drug polymers, contributing to further market growth.
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Industry Segmentation
By Product Type
Bare-metal Stents
Drug-Eluting Stents
Bioabsorbable Stents
By Material
Metallic
Polymeric
Natural Biomaterial
Others
By End User
Hospitals
Cardiac Specialty Clinics
Ambulatory Surgical Centers
Industry Key Players
Major players are Abbott Laboratories, B. Braun Medical Inc., Biosensors International Group Ltd, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Cook Medical Technologies, Medtronic PLC, Terumo Corporation, Transluminal GmbH and Cardinal Health.
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