Coronary Stents Market Size to Boost USD 12.83 Billion By 2032 | CAGR 3.3% Published by Emergen Research

The global coronary stents market size was USD 9.32 Billion in 2022 and is expected to register a rapid revenue CAGR of 3.3% during the forecast period. Increasing prevalence of Cardiovascular Diseases (CVDs), such as heart disease and stroke, and technological advancements in coronary stents are key factors driving market revenue growth.

The coronary stents market plays a critical role in the treatment of coronary artery disease (CAD), one of the leading causes of death globally. Coronary stents are small, expandable tubes inserted into clogged arteries to keep them open, allowing proper blood flow to the heart. These stents are commonly used during percutaneous coronary intervention (PCI) procedures to prevent the arteries from narrowing again. Over the past few decades, advances in stent technology, particularly the development of drug-eluting stents (DES) and bioresorbable stents, have significantly improved patient outcomes and reduced complications. With the increasing prevalence of CAD and the growing demand for minimally invasive treatments, the coronary stents market has experienced substantial growth.

The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Coronary Stents Market :

One of the primary drivers of the coronary stents market is the rising incidence of cardiovascular diseases (CVDs), particularly coronary artery disease. Lifestyle factors such as poor diet, lack of physical activity, smoking, and the growing rates of obesity and diabetes have led to a surge in CAD cases worldwide. As the global population ages and the burden of chronic diseases increases, the demand for coronary stents is expected to grow steadily.

Restraints of the Coronary Stents Market :

Despite the promising growth outlook, the coronary stents market faces several challenges. One of the significant restraints is the high cost of stent procedures, especially for newer technologies like drug-eluting and bioresorbable stents. In many regions, particularly in low- and middle-income countries, the high price of stents can limit access to these life-saving devices. Although government initiatives and healthcare reforms have sought to reduce costs and improve accessibility, affordability remains a challenge in some markets.

Another restraint is the potential for complications associated with stent implantation, such as thrombosis (blood clot formation) and restenosis. Although advancements in stent technology have reduced these risks, they have not been entirely eliminated. Some patients may experience adverse reactions or require additional interventions, which can affect the overall success of the procedure. The need for long-term antiplatelet therapy following stent placement also adds to the treatment burden for patients.

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Growth Factors of the Coronary Stents Market :

Several factors are expected to contribute to the future growth of the coronary stents market. One of the most significant growth drivers is the increasing adoption of drug-eluting stents (DES), which offer superior clinical outcomes compared to bare-metal stents. DES has become the standard of care in most coronary interventions due to its ability to reduce the risk of restenosis and the need for repeat procedures. As newer generations of DES with improved safety profiles continue to enter the market, their adoption is likely to increase further.

The report also discusses the key players involved in the market such as:

Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Terumo Corporation, Johnson & Johnson, B. Braun Melsungen AG, C. R. Bard, BIOTRONIK SE & Co. KG, Cook Medical, MicroPort Scientific Corporation, Meril Life Sciences, Vascular Concepts, Stentys SA, Elixir Medical Corporation, Translumina GmbH, Sinomed, Hexacath, Alvimedica, Biotronik SE & Co. KG, and Kyoto Medical Planning Co., Ltd.

The report provides a thorough estimation of the overall impact of the pandemic on the Coronary Stents Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Coronary Stents Market

Coronary Stents Market Segment Analysis :

For the purpose of this report, Emergen Research has segmented the global coronary stents market on the basis of type, application, deployment, enterprise size, component, vertical, and region:

Product Type Outlook (Revenue, USD Billion; 2019-2032)
Drug-Eluting Stents (DES)
Bare Metal Stents (BMS)
Bioresorbable Stents

Material Outlook (Revenue, USD Billion; 2019-2032)
Metal Stents:
Stainless Steel
Cobalt-Chromium
Platinum-Chromium
Nickel-Titanium (Nitinol)
Polymer Stents:
Bioresorbable Polymers
Non-bioresorbable Polymers

End-use Outlook (Revenue, USD Billion; 2019-2032)
Hospitals
Ambulatory Surgical Centers (ASCs)
Cardiac Catheterization Laboratories

Application Outlook (Revenue, USD Billion; 2019-2032)
Coronary Artery Diseases
Acute Coronary Syndrome (ACS)

Technology (Revenue, USD Billion; 2019-2032)
Balloon Expandable Stents
Self-Expandable Stents

Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

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