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Global Coronary Stents Market to grow at a CAGR of 7.51% by 2030, Evaluates DelveInsight | Medtronic, Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., BIOTRONIK SE & Co. KG, B. Braun SE, Terumo Corporation, MicroPo
DelveInsight's "Coronary Stents Market Insights, Competitive Landscape and Market Forecast-2030" report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Coronary Stents companies actively working in the market.
To know more about why North America is leading the market growth in the Coronary Stents market, get a snapshot of the report Coronary Stents Market Trends
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Coronary Stents Overview
Coronary stents are small, mesh-like tubes inserted into narrowed or blocked coronary arteries to keep them open and restore proper blood flow to the heart. They are commonly used during angioplasty procedures to treat coronary artery disease (CAD) and help prevent heart attacks or chest pain. Some stents are drug-eluting, releasing medication to prevent re-narrowing of the artery.
DelveInsight Analysis: The coronary stents market was valued at USD 9.27 billion in 2023 and is projected to grow at a CAGR of 7.51% from 2024 to 2030, reaching USD 14.28 billion by the end of the forecast period.
Coronary Stents Market Insights
Geographically, North America is projected to lead the coronary stents market throughout the forecast period. This leadership is due to the growing incidence of heart-related conditions, increased efforts by governments and organizations to promote awareness about cardiovascular health, and notable technological progress and product innovations by major companies in the region.
To read more about the latest highlights related to Coronary Stents, get a snapshot of the key highlights entailed in the Coronary Stents Market Landscape
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Recent Developments in the Coronary Stents Market Report
• In July 2024, BIOTRONIK introduced the Maximum Allowed Diameters (MAD) range for its Orsiro Mission drug-eluting stent (DES) as part of a global initiative to enhance the stent's capabilities. This development supports current percutaneous coronary intervention (PCI) techniques by enabling physicians to achieve better vessel apposition and accommodate tapered anatomies more efficiently.
• In April 2023, Terumo Corporation announced the launch of a new prospective clinical study evaluating the Ultimaster NagomiTM sirolimus-eluting coronary stent system in patients undergoing complex PCI procedures. This stent system retains the sirolimus-eluting drug while featuring an improved delivery mechanism and enhanced effectiveness in treating coronary artery disease. The main objective of the study is to evaluate the clinical outcomes in patients treated with the Ultimaster NagomiTM stent during complex interventions.
• In February 2023, Abbott Laboratories finalized the acquisition of Cardiovascular Systems, Inc. for USD 890 million. This strategic move enhances Abbott's portfolio of advanced stent systems and strengthens its technological expertise in interventional vascular devices, supporting broader global market expansion.
• In July 2022, MicroPort Scientific Corporation has received marketing approval from China's National Medical Products Administration (NMPA) for its Firehawk ProTM Coronary Rapamycin Target Eluting Stent System. Designed with a balloon-expandable structure and a groove-binding, single-sided drug coating, this advanced stent system is intended for treating symptomatic primary coronary artery lesions. The drug coating works to prevent smooth muscle cell growth at the lesion site, aiding in arterial support and minimizing the risk of restenosis.
• Thus, owing to such developments in the market, rapid growth will be observed in the Coronary Stents market during the forecast period
Key Players in the Coronary Stents Market
Some of the key market players operating in the Coronary Stents market include- Medtronic, Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., BIOTRONIK SE & Co. KG, B. Braun SE, Terumo Corporation, MicroPort Scientific Corporation, Meril Life Sciences Pvt. Ltd., Cook, Scitech Medical, Lepu Medical Technology (Beijing) Co., Ltd., OrbusNeich Medical Group Holdings Limited, Cordis, Johnson & Johnson Services, Inc., ENDOCOR GmbH & CO. KG, BD, Vascular Concepts, Translumina, Elixir Medical, and others.
Which MedTech key players in the Coronary Stents market are set to emerge as the trendsetter explore @ Key Coronary Stents Companies
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Analysis on the Coronary Stents Market Landscape
The rising adoption of minimally invasive procedures like coronary angioplasty and percutaneous coronary intervention (PCI) plays a key role in driving the growth of the coronary stent market. According to data released by Eurostat, the European Union's statistical office, in October 2023, around 1.1 million percutaneous coronary angioplasty procedures were carried out across Europe in 2021.
Recent product approvals are anticipated to boost the coronary stent market's growth. Leading companies are ramping up research and development to introduce advanced drug-eluting stents for managing coronary artery disease (CAD). For instance, in August 2022, Medtronic launched the Onyx FrontierTM, its latest drug-eluting stent, following CE Mark approval. This stent features an enhanced delivery system and builds on the clinical success of the Resolute OnyxTM. Specifically designed for CAD patients-who suffer from plaque accumulation in the coronary arteries-such innovations are expected to improve treatment outcomes and significantly contribute to market expansion.
Scope of the Coronary Stents Market Report
• Coverage: Global
• Study Period: 2021-2030
• Coronary Stents Market Segmentation By Product Type: Bare Metal Stents, Drug Eluting Stents, and Bioresorbable Scaffolds), Material (Metal [Stainless Steel, Cobalt-Chromium {CoCr}, Platinum-Chromium {PtCr}, Nitinol], and Polymer
• Coronary Stents Market Segmentation By End-User: Hospitals, Ambulatory Surgical Centers, and Others
• Coronary Stents Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
• Key Coronary Stents Companies: Medtronic, Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., BIOTRONIK SE & Co. KG, B. Braun SE, Terumo Corporation, MicroPort Scientific Corporation, Meril Life Sciences Pvt. Ltd., Cook, Scitech Medical, Lepu Medical Technology (Beijing) Co., Ltd., OrbusNeich Medical Group Holdings Limited, Cordis, Johnson & Johnson Services, Inc., ENDOCOR GmbH & CO. KG, BD, Vascular Concepts, Translumina, Elixir Medical, and others
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
Interested in knowing how the Coronary Stents market will grow by 2030? Click to get a snapshot of the Coronary Stents Market Analysis
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Table of Contents
1 Coronary Stents Market Report Introduction
2 Coronary Stents Market Executive summary
3 Regulatory and Patent Analysis
4 Coronary Stents Market Key Factors Analysis
5 Porter's Five Forces Analysis
6 COVID-19 Impact Analysis on Coronary Stents Market
7 Coronary Stents Market Layout
8 Global Company Share Analysis - Key 3-5 Companies
9 Company and Product Profiles
10 Project Approach
11 Coronary Stents Market Drivers
12 Coronary Stents Market Barriers
13 About DelveInsight
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Contact Us
Gaurav Bora
info@delveinsight.com
+14699457679
www.delveinsight.com
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing end-to-end comprehensive solutions to improve their performance.
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