Coronary Stents Market Size, Share & Growth Report 2032

Coronary Stent Market: Industry Perspective

The global coronary stent market size was worth around USD 9.51 billion in 2023 and is predicted to grow to around USD 12.57 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.27% between 2024 and 2032. The report offers a valuation and analysis of the Coronary Stents market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information.

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Coronary Stent Market: ?Introduction

A coronary stent is a tube-shaped piece of equipment that is placed in the coronary arteries, which supply blood to the heart and assist in keeping the arteries open to treat coronary artery disorder.  It is utilized in a percutaneous coronary intervention or coronary angioplasty through stent replacement. Moreover, these medical devices minimize chest pain, enhance patient survival rate, and decrease adverse effects during acute myocardial infarction.

Moreover, the device was first introduced in 1980 and has evolved in terms of shape, material, and structure. The major anatomical parts of coronary stents are platform, released medicine, and bio-absorbable & hydrophobic polymer coating. Furthermore, stent platforms or scaffolds are metallic as well as bio-degradable and offer radio opacity, radial strength, and flexibility. The polymer coating serves as a stable reservoir and modulates the drug release. The last component referred to as released medicine possesses ant-proliferative features and helps in obstructing smooth muscle proliferation. Today, stent scaffolds are made from platinum-chromium and cobalt-chromium as compared to stainless steel earlier and improve drug-eluting features. This has facilitated in reduction of strut width and enhances drug delivery. The innovations in stent designs have brought a drastic improvement in the mechanical performance of coronary stents and improved drug-eluting features.

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Coronary Stent Market: Growth Drivers

The growth of the coronary stents industry over the estimated timespan is attributed to the surge in the proportion of percutaneous coronary intervention methods and product innovations. Apart from this, escalating demand for minimally invasive procedures and a rise in the number of aging population prone to heart ailments will enhance the product demand over the ensuing years.  Furthermore, the beneficial features of coronary stents including flexibility, visibility, bio-compatibility, tractability, low crossing profile, high radial strength, ease of deployment, low metallic surface area, and favorable radiographic features will steer the market trends.

Moreover, altering government policies to reduce coronary stent costs will result in cost-effective medical treatment, thereby paving the way for the growth of the coronary stent industry over the forthcoming years.

Coronary Stent Market: Report Scope

Asia Pacific Set To Establish Market Domination Over the Forecast Period

The growth of the market in Asia Pacific during the estimated timespan is due to supportive government laws and a huge patient population base in the densely populated countries of the region. In countries like India, the government has reduced the costs of bare metal stents & drug-eluting stents and this will boost regional market size over the estimated timespan.

Coronary Stent Market: Competitive Analysis

The global coronary stent market is dominated by players like:

• C R Bard
• Boston Scientific
• Meril Life Sciences
• Medtronic
• B. Braun Melsungen AG
• Terumo
• Abbott Laboratories
• MicroPort Scientific Corporation
• Biosensors International Group
• Biotronik SE & Co. KG
• Elixir Medical Corporation

The global coronary stents market is segmented as follows:

By Product Type

• Bioresorbable Vascular Scaffold
• Dual Therapy Stent
• Drug-Eluting Stent (DES)
  • Limus-Based Drugs
  • Paclitaxel
• Bare Metal Stent
• Bio-Engineered Stent

By Absorption Rate

• Slow-Absorption DES
• Fast-Absorption DES

By Material

• Gold
• Stainless Steel
• Cobalt Alloy Metal
• Tantalum
• Nitinol Polymers

By Application

• Peripheral artery disease
• Coronary artery disease

By End-Users

• Cardiac centers
• Hospitals
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa