Coronary Stent Market Size Worth $12,248.80 Million By 2032 | CAGR: 4.40%

Coronary Stent Market Size Worth $12,248.80 Million By 2032 | CAGR: 4.40%


The global coronary stent market size is expected to reach USD 12,248.80 million by 2032, according to a new study by Polaris Market Research. The report “Coronary Stent Market Share, Size, Trends, Industry Analysis Report, By Product (Drug Eluting Stents, Bioresorbable Vascular Scaffold Stents, Bare Metal Stents); By Metal; By Biomaterial; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The coronary stent market refers to the demand for medical devices known as coronary stents, which treat coronary artery disease (CAD). This disease is when the arteries that provide blood to the heart become narrowed or blocked due to plaque buildup.

Coronary stents are minor, mesh-like tubes implanted into blocked or narrowed coronary arteries during percutaneous coronary intervention (PCI) or angioplasty. The stent helps to open up the blocked artery and restore blood stream to the heart muscle.

The coronary stent market encompasses the manufacturing, distributing, and selling of various types of stents, including bare-metal stents, drug-eluting stents, and bioresorbable stents. These stents may differ in their composition, design, and the presence of drugs that help prevent the reoccurrence of blockages.

The increasing prevalence of coronary artery disease, the growing aging population, lifestyle changes, and advancements in stent technology drive the market. Factors like improving healthcare infrastructure, rising awareness about cardiovascular diseases, and access to minimally invasive procedures contribute to market growth.

The coronary stent market is competitive and includes several major players: multinational corporations and smaller regional manufacturers. These companies engage in research and development activities to introduce innovative stent designs and materials that offer improved performance and patient outcomes.

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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective coronary stent devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for coronary stents throughout the forecast period.

Coronary Stent Market Report Highlights

  • In 2022, the Drug-Eluting Stents (DES) segment held the largest revenue share in the Coronary Stent Market due to continuous advancements, and the introduction of new devices has strengthened the position of DES as the preferred choice for percutaneous coronary intervention (PCI) procedures.
  • The hospital segment accounted for the highest market share during the forecast period. The hospitals have state-of-the-art facilities and specialized medical personnel, making them the preferred choice for critical cardiac surgeries and procedures such as percutaneous coronary intervention (PCI). Hospitals often have established referral networks and receive more patients, further boosting their market share.
  • In 2022, North America dominated the largest market due to the high prevalence of cardiovascular diseases, including coronary artery disease, which drives the demand for coronary stents. Additionally, the region has a well-established healthcare infrastructure and advanced medical technologies, allowing for the widespread adoption and utilization of coronary stents.
  • The Asia-Pacific region accounted for the fastest growth in the Coronary Stent Market due to local vendors' active development of technologically advanced and competitively priced coronary stents. It focuses on addressing the market's needs that have contributed to increased market share. The availability of high-quality and affordable stents from local vendors has been a key driver of growth in the region.
  • The global key market players include Abbott Laboratories, B. Braun Melsungen AG, Biosensors International Group (acquired by Blue Sail Medical Co., Ltd), Biotronik SE & Co.KG, Boston Scientific Corporation, C. R. Bard, Inc., Cook Medicals, Lepu Medicals, Liaoning Biomedical Materials, Medtronic Plc, Meril Life Sciences, MicroPort Scientific Corporation, Shandong JW Medical Systems, Stentys SA, Terumo Corporation, Translumina GmbH, Vascular Concepts.

Polaris Market Research has segmented the coronary stent market report based on product, metal, biomaterial, end-use, and region:

Coronary Stent, Product Outlook (Revenue - USD Million, 2019 - 2032)

  • Drug Eluting Stents
    • Biodegradable
    • Non-Biodegradable
  • Bioresorbable Vascular Scaffold Stents
  • Bare Metal Stents
  • Covered Stents
  • Others

Coronary Stent, Metal Outlook (Revenue - USD Million, 2019 - 2032)

  • Cobalt Chromium
  • Platinum Chromium
  • Nickel Titanium
  • Stainless Steel

Coronary Stent, Biomaterial Outlook (Revenue - USD Million, 2019 - 2032)

  • Metallic biomaterials
  • Polymers biomaterials
  • Natural biomaterials

Coronary Stent, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiology Centers
  • Specialty Clinics
  • Others

Coronary Stent, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Coronary Stent Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 8649.61 million

Revenue forecast in 2032

USD 12,248.80 million

CAGR

4.40% from 2023 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments Covered

By Product, By Metal, By Biomaterial, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

The Shave Wall Company, Electric Mirror Inc., Toilet Tree Product, Roper Rhodes Abbott Laboratories, B. Braun Melsungen AG, Biosensors International Group (acquired by Blue Sail Medical Co., Ltd), Biotronik SE & Co.KG, Boston Scientific Corporation, Cook Medicals, C. R. Bard, Inc., Lepu Medicals, Liaoning Biomedical Materials, Medtronic Plc, Meril Life Sciences, MicroPort Scientific Corporation, Shandong JW Medical Systems, Stentys SA, Terumo Corporation, Translumina GmbH, Vascular Concepts

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  • Competitive landscape
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