Drug Eluting Stent Market Projected for Significant Growth (2024-2031) | Key Players: Medtronic Plc, Biotronik Inc., Johnson & Johnson.

The Global Drug Eluting Stents Market reached USD 6.3 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 10.2 billion by 2031. The global drug eluting stents market is expected to exhibit a CAGR of 6.4% during the forecast period (2024-2031).

Drug Eluting Stent Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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A drug eluting stent (DES) is a tiny mesh tube used in coronary arteries that releases medication to prevent artery blockage post-angioplasty. It reduces the risk of restenosis compared to bare-metal stents. DES technology has significantly improved cardiac outcomes. Market growth is driven by increasing cardiovascular diseases and advancements in stent coating materials. Asia-Pacific is emerging as a high-growth region.

List of the Key Players in the Drug Eluting Stent Market:

Boston Scientific Corp., Abbott Laboratories, Medtronic Plc, Biotronik Inc., Johnson & Johnson, MicroPort Scientific Corporation, Cook Medical Inc., Stentys S.A., Biosensors International Group, and Terumo Corp., among others.

Industry Development:

In May 2023, CoSo Health revealed a partnership to distribute Medinol's EluNIR, a cutting-edge thin-strut drug-eluting stent (DES), in the United States. Medinol, known for its innovative implantable medical devices, is collaborating with CoSo Health to bring this advanced stent to U.S. patients. Meanwhile, U.S. Endovascular continues to sell peripheral and coronary devices across the country.

In April 2022, Translumina, a global leader in developing breakthrough cardiovascular devices for interventional cardiology, launched the VIVO ISAR. This next-generation, dual drug polymer-free coated stent (DDCS) was introduced in several international markets, including Europe, offering a new solution for patients in need of advanced coronary interventions.

Assessing the Effects of U.S. Tariffs on the Market

The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.

Research Process:

Both primary and secondary data sources have been used in the global Drug Eluting Stent Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Drug Eluting Stent Market:

By Coating: Polymer-based coating stents (Non-biodegradable polymer, Biodegradable polymer), Polymer-free coating stents.

By Application: Coronary Artery Diseases, Peripheral Artery Disease.

By End-user: Hospitals, Ambulatory Surgical Centers, Cardiac Centers.

Regional Analysis for Drug Eluting Stent Market:

The regional analysis of the Drug Eluting Stent Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Drug Eluting Stent market?

➠ Who are the leading manufacturers in the global Drug Eluting Stent industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Drug Eluting Stent industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Drug Eluting Stent market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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