Press release
Coronary Stents Market Poised for 8.3 % Growth, Set to Hit $27.95 Billion by 2029
Coronary Stents
The growing prevalence of cardiovascular diseases (CVDs) is expected to accelerate the growth of the coronary stent market. CVDs, such as coronary artery disease and heart failure, are rising due to factors like aging, poor diet, and stress. Coronary stents are used to open blocked arteries and improve blood flow to the heart. The American College of Cardiology projected substantial increases in CVD risk factors in the U.S., including a rise in stroke and heart failure, which will contribute to the demand for coronary stents.
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How will the growth rate of the coronary stents market shape industry trends by 2034?
The coronary stents market has experienced strong growth in recent years. It is expected to grow from $11.06 billion in 2024 to $12.02 billion in 2025, reflecting a CAGR of 8.6%. The growth is driven by the preference for minimally invasive procedures, expanding healthcare access in emerging markets, increasing healthcare spending, rising percutaneous coronary interventions, and the growing number of cardiologists.
The coronary stents market is projected to grow steadily, reaching $16.5 billion by 2029 at a CAGR of 8.3%. Growth factors include the increasing prevalence of cardiovascular diseases, an aging population, greater awareness of cardiovascular health, supportive government initiatives, and the rise of lifestyle diseases. Trends include advancements in stent technology, innovations in imaging technologies, strategic collaborations, and integration with digital health tools.
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What trends are poised to drive the future success of the coronary stents market?
Companies in the coronary stent market are working on drug-eluting stents to reduce the need for repeat procedures compared to bare-metal stents. These stents slowly release medication to prevent artery re-narrowing. In May 2024, Abbott, a US-based healthcare company, launched the XIENCE Sierra Everolimus Eluting Coronary Stent System in India. This stent features an improved design, a new delivery system, and unique size options for challenging cases, while offering enhanced safety and reducing artery re-blockage.
Which primary segments of the coronary stents market are driving growth and industry transformations?
The coronary stents market covered in this report is segmented -
1) By Product Type: Dual Therapy Stents, Radioactive Stents, Thrombectomy Stents, Covered Stents, Bioresorbable Stents, Biodegradable Stents, Hybrid Stents, Drug-Eluting Stents, Bare Metal Stents
2) By Technology: Laser Cutting, 3D-Printed Stents, Microfabrication, Nanotechnology-Based Stents, Electropolishing, Others Technologies
3) By Raw Material: Cobalt-Chromium, Stainless Steel, Platinum-Chromium, Nickel-Titanium, Polymer
4) By Deployment: Self-Expandable Stents, Balloon-Expandable Stents
5) By End Uses: Hospitals And Ambulatory Surgical Centers, Specialty Clinics, Other End Uses
Subsegments:
1) By Dual Therapy Stents: Sirolimus-Eluting Dual Therapy Stents, Paclitaxel-Eluting Dual Therapy Stents, Everolimus-Eluting Dual Therapy Stents
2) By Radioactive Stents: Beta Radiation Stents, Gamma Radiation Stents, Other Radiation Stents
3) By Thrombectomy Stents: Manual Thrombectomy Stents, Mechanical Thrombectomy Stents, Hydrodynamic Thrombectomy Stents
4) By Covered Stents: PTFE-Covered Stents, ePTFE-Covered Stents, Polyurethane-Covered Stents, Other Covered Stents
5) By Bioresorbable Stents: Polymer-Based Bioresorbable Stents, Metal-Based Bioresorbable Stents, Ceramic-Based Bioresorbable Stents
6) By Biodegradable Stents: Polymeric Biodegradable Stents, Magnesium-Based Biodegradable Stents, Other Biodegradable Stents
7) By Hybrid Stents: Hybrid Drug-Eluting Stents, Hybrid Biodegradable Or Metal Stents, Other Hybrid Stents
8) By Drug-Eluting Stents: Sirolimus-Eluting Stents, Paclitaxel-Eluting Stents, Everolimus-Eluting Stents, Zotarolimus-Eluting Stents, Other Drug-Eluting Stents
9) By Bare Metal Stents: Stainless Steel Bare Metal Stents, Cobalt Chromium Bare Metal Stents, Other Bare Metal Stents
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Which geographical regions are pioneering growth in the coronary stents market?
North America was the largest region in the coronary stents market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coronary stents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the coronary stents market landscape?
Major companies operating in the coronary stents market are Abbott Laboratories, Medtronic Plc, Biosensors International Group Ltd., Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, W. L. Gore & Associates Inc., Cook Medical Inc., BIOTRONIK SE & Co. KG, Lepu Medical Technology (Beijing) Co. Ltd., Meril Life Sciences Pvt. Ltd, MicroPort Scientific Corporation, OrbusNeich, Asahi Intecc Co. Ltd., Sahajanand Medical Technologies Limited, Translumina GmbH, Stentys S.A., Sorin Group, InspireMD Inc., C. R. Bard Inc., AMG International GmbH, Svelte Medical Systems Inc., Zorion Medical Inc., Spectranetics Corporation
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What Is Covered In The Coronary Stents Global Market Report?
•Market Size Forecast: Examine the coronary stents market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the coronary stents market for a structured understanding.
•Key Players Overview: Analyze major players in the coronary stents market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the coronary stents market.
•Segment Contributions: Evaluate how different segments drive overall growth in the coronary stents market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the coronary stents market.
•Industry Challenges: Identify potential risks and obstacles affecting the coronary stents market.
•Competitive Landscape: Review strategic developments in the coronary stents market, including expansions, agreements, and new product launches.
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