Press release
Coronary Stent Market Projected To Reach USD 25.78 Billion By 2034 | CAGR: 7.5%
The global coronary stent market is expected to gain market growth during the forecast period of 2025-2034. Polaris Market Research analyses the market to account for USD 25.78 billion by 2034. It will grow at a CAGR of 7.5% in the above-mentioned forecast period. The market was valued at USD 12.54 billion in 2024.Market Introduction
Coronary stents are compact wire mesh tubes that assist in broadening a blocked artery and replace sufficient blood flow to the heart. In the course of the process, the cardiologist positions the stent over a tapered elongated tube with a balloon tip known as a catheter and thrust it into the artery into the groin or arm. Once the stent approaches the blocked artery, the doctor aerates the balloon to augment the stent. When the stent approaches the wanted size to broaden the blocked artery, the doctor flattens and separates the balloon. The stent remains in place forever to assist shore up the artery and reduce its probability of tapering again. Over time, the interior lining of the artery evolves over the surface of the stent, making it an everlasting part of the artery.
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Key Players
Major firms in the market are diligently following several strategic enterprises to improve their market presence. Major companies are noted below:
• Abbott Laboratories
• Medtronic
• Boston Scientific Corporation
• Terumo Corporation
• B. Braun Melsungen AG
• C. R. Bard, Inc. (a subsidiary of Becton, Dickinson and Company)
• Cook Medical Inc.
• Biotronik SE & Co. KG
• MicroPort Scientific Corporation
Coronary Stent Market Report Highlights
• Based on type, the drug-eluting stents (DES) segment dominates the market due to their ability to reduce restenosis rates and improve long-term patient outcomes, with growing adoption driven by advancements in stent technology. Bioabsorbable stents are the fastest-growing segment, gaining traction due to their innovative design that reduces long-term complications.
• By mode of delivery, balloon-expandable stents hold the largest market share, favored for their precision in deployment and effectiveness in treating coronary artery disease. The self-expanding stents segment is experiencing the fastest growth, particularly in complex cases with tortuous or calcified arteries due to their adaptability and flexibility.
• In terms of end user, the hospitals segment dominates the market due to their comprehensive treatment capabilities and the high volume of coronary interventions performed. Cardiac centers are the fastest-growing segment, driven by their specialized focus on cardiovascular treatments and an increasing number of dedicated facilities.
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Market Drivers
Growing Cases of Cardiovascular Illnesses
The growing cases of cardiovascular illnesses, especially coronary artery disease, is a notable coronary stent market driver. As per the World Health Organization (WHO), cardiovascular illnesses are the most significant source of death worldwide, with roughly 17.9 million deaths yearly. This elevated existence entails the usage of coronary stents for productive cures, resulting in the desire for advanced stent technologies.
Technological Advancements in Stent Design
Technological advancements in stent design and materials are crucial drivers of market growth. The advancement of drug-eluting stents (DES), which release drugs to prohibit restenosis, has notably enhanced patient outcomes. Bioresorbable stents, outlined to break down after realizing their purpose, are gaining traction due to their possibilities to decrease protracted intricacies.
Segment Categorization
The report includes the segmentation of the coronary stent market based on type, mode of delivery, end user and region. Based on type, the drug-eluting stents (DES) segment held the larger market share. This segment dominates due to its superior effectiveness in reducing restenosis rates compared to bare-metal stents.
Based on the mode of delivery, the balloon-expandable stents segment held the largest market share due to their extensive usage in the cure of coronary artery disease.
By Type Outlook (Revenue - USD Billion, 2020-2034)
• Bare-Metal Stents (BMS)
• Drug-Eluting Stents (DES)
• Bioabsorbable Stents
By Mode of Delivery Outlook (Revenue - USD Billion, 2020-2034)
• Balloon-Expandable Stents
• Self-Expanding Stents
By End User Outlook (Revenue - USD Billion, 2020-2034)
• Hospitals
• Cardiac Centers
• Ambulatory Surgical Centers
• Others
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Regional Perspective
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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