Coronary Stents Market Report, Size, Share & Outlook - 2024-2031 - Abbott Laboratories, B. Braun Medical Inc & Boston Scientific Corporation.

The Coronary Stents Market is projected to grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

A coronary stent is a tube-shaped device inserted into coronary arteries to keep them open and ensure proper blood flow to the heart. Used primarily in the treatment of coronary heart disease, coronary stents are a critical component of percutaneous coronary intervention (PCI) procedures, utilized in over 90% of such interventions. These small, expandable mesh tubes are placed in clogged arteries following balloon angioplasty to maintain the artery's openness and support continued blood circulation.

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Market Dynamics:

Rapid technological advancements in coronary stents will drive the market growth.

For decades, coronary stents have been utilized in both coronary and peripheral procedures to address artery perforations and other complications. Recent advancements in percutaneous coronary intervention (PCI) have focused on enhancing the safety and effectiveness of these procedures, particularly for complex coronary artery disease surgeries. Major healthcare companies are investing in the development of advanced stent technologies to improve deliverability, safety, and efficacy. For example, in February 2018, Medtronic received FDA approval for its Resolute Onyx 2 mm stent, one of the smallest drug-eluting stents available. Such innovations, combined with the growing demand for effective and minimally invasive surgical options, are expected to drive substantial growth in the coronary stent market.

The rising preference for minimally invasive procedures is a key factor propelling market growth. These procedures minimize post-operative trauma and complications, leading to shorter hospital stays and quicker recovery times. Additionally, advancements in drug-eluting stent (DES) technologies have focused on refining delivery methods and developing more biocompatible drug polymers, further enhancing the appeal and efficacy of coronary stents in modern medical practice.

Market 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.

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Major Players:

• 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
• Cardinal Health

Product Portfolio:

Abbott Laboratories is a global healthcare company involved in the discovery, development, manufacturing, and marketing of a wide range of healthcare products. The company operates through four primary segments: established pharmaceuticals, nutritional products, diagnostic products, and medical devices. Abbott's diverse portfolio includes products that span across various aspects of healthcare, from innovative medical devices and diagnostic tools to nutritional supplements and established medications.

Regional Analysis:

The global Coronary Stents Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Coronary Stents Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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