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Coronary Stents Market Size Forecasted To Achieve $16.5 Billion By 2029 With Steady Growth
Coronary Stents Market
What Is the Coronary Stents Market Size and Projected Growth Rate?
The coronary stents market has experienced strong growth in recent years. It will increase from $11.06 billion in 2024 to $12.02 billion in 2025, at a CAGR of 8.6%. This is attributed to the growing preference for minimally invasive procedures, expanding healthcare access in emerging markets, rising healthcare expenditure, an increase in coronary interventions, and a growing number of cardiologists.
The coronary stents market is anticipated to grow significantly in the coming years, reaching $16.5 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%. Factors driving this growth include the increasing incidence of cardiovascular diseases, aging population, greater awareness of cardiovascular health, government programs and funding, and the rise in lifestyle diseases. Key trends include innovations in stent technology, imaging technologies, strategic collaborations, stent material innovations, and the integration of digital health technologies.
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What Are the Major Segments in the Coronary Stents Market?
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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What Are The Driving Coronary Stents Market Evolution?
The growing prevalence of cardiovascular diseases is expected to boost the coronary stent market. Cardiovascular diseases, such as coronary artery disease, heart failure, and stroke, are increasing due to an aging population and lifestyle factors like poor diet and stress. Coronary stents help open narrowed or blocked coronary arteries, improving blood flow and reducing the risk of heart attacks. A report from the American College of Cardiology in August 2022 projected significant increases in diabetes, hypertension, and stroke rates in the U.S. between 2025 and 2060. The rising prevalence of these conditions is driving the growth of the coronary stent market.
Which Firms Dominate The Coronary Stents Market Segments?
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
What Are the Major Trends Shaping the Coronary Stents Market?
Leading companies in the coronary stent market are developing drug-eluting stents to reduce the need for repeat procedures compared to bare-metal stents. These stents gradually release medication to prevent artery re-narrowing. For example, Abbott, a US-based healthcare company, introduced the XIENCE Sierra Everolimus Eluting Coronary Stent System in India in May 2024. This stent features an improved design, new delivery system, and unique size options to address challenging cases, maintaining its coating to prevent re-blockage, backed by over 120 clinical trials.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Coronary Stents Market?
2. What is the CAGR expected in the Coronary Stents Market?
3. What Are the Key Innovations Transforming the Coronary Stents Industry?
4. Which Region Is Leading the Coronary Stents Market?
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