Press release
Impact Of Coronary Heart Disease On Drug-Eluting Stent Market: An Emerging Driver Transforming The Drug Eluting Stent Market Landscape
Drug Eluting Stent Market Size
What Is the Projected Growth of the Drug Eluting Stent Market?
The drug eluting stent market size has grown strongly in recent years. It is expected to rise from $7.63 billion in 2024 to $8.29 billion in 2025, at a compound annual growth rate (CAGR) of 8.6%. This growth is driven by the demand for better treatment options, clinical evidence, regulatory approvals, healare economics, and medical guidelines.
The drug-eluting stent market is projected to grow to $11.37 billion by 2029, with a CAGR of 8.2%. Growth is supported by an aging population, the expansion of indications, healare reimbursement policies, global market expansion, and patient-centered care. Key trends include personalized medicine, minimally invasive techniques, emerging healare technologies, and next-generation drug formulations.
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What Are the Different Drug Eluting Stent Market Segments?
The drug eluting stent market covered in this report is segmented -
1) By Product: Polymer-Based, Polymer-Free
2) By Drug: Sirolimus, Paclitaxel, Zotarolimus, Everolimus, Biolimus, Other Drugs
3) By Scaffold: Cobalt-Chromium, Platinum-Chromium, Nitinol, Biodegradable, Other Scaffolds
4) By Application: Coronary Diseases, Peripheral Vascular Diseases
5) By End-User: Hospitals, Specialty Clinic
Subsegments:
1) By Polymer-Based: Durable Polymer Drug-Eluting Stents, Biodegradable Polymer Drug-Eluting Stents
2) By Polymer-Free: Bare-Metal Stents With Drug Coating, Other Polymer-Free Drug-Eluting Stents
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What Are the Primary Drivers Shaping the Drug Eluting Stent Market?
The increasing incidence of coronary heart disease supports the drug-eluting stent market. This condition stems from artery blockages and is rising with aging and sedentary lifestyles. Drug-eluting stents treat it by keeping arteries open and releasing medication. CDC data showed that coronary heart disease in U.S. adults rose from 4.6% in 2020 to 4.9% in 2022. This growing disease burden is promoting the drug-eluting stent market.
Which Companies Are Leading in the Drug Eluting Stent Market?
Major companies operating in the drug eluting stent market are Johnson & Johnson Services Inc., Abbott, Medtronic plc, Boston Scientific Corporation, Terumo Corporation, InspireMD Inc., B. Braun Melsungen AG, Cook Group Incorporated, Lepu Medical Technology (Beijing) Co. Ltd., Biotronik, Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, Biosensors International Group Ltd., OrbusNeich Medical Company Limited, Alvimedica Medical Technologies, Hexacath, Elixir Medical Corporation, Translumina GmbH, Cardionovum GmbH, QualiMed Innovative Medizinprodukte GmbH, InSitu Technologies Inc., Acrostak AG, SINOMED Innovation Inc., Svelte Medical Systems Inc.
What Are the Major Trends Shaping the Drug Eluting Stent Market?
In the drug-eluting stent market, companies are developing advanced delivery systems like dual-layer balloons to improve precision in drug delivery and stent deployment. For example, in August 2022, Medtronic launched the Onyx Frontier, a new generation of drug-eluting coronary stent systems featuring a dual-layer balloon, which improves deliverability and patient outcomes.
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What Are the Top Revenue-Generating Geographies in the Drug Eluting Stent Market?
North America was the largest region in the drug-eluting stent market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drug eluting stent 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 Drug Eluting Stent Market?
2. What is the CAGR expected in the Drug Eluting Stent Market?
3. What Are the Key Innovations Transforming the Drug Eluting Stent Industry?
4. Which Region Is Leading the Drug Eluting Stent Market?
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