How Has the Coronary Stents Market Size Evolved in Recent Years?
The coronary stents market has seen considerable growth due to a variety of factors.
• The coronary stents market has experienced solid growth in recent years. It will grow from $11.06 billion in 2024 to $12.02 billion in 2025, at a compound annual growth rate (CAGR) of 8.6%.
The growth is fueled by the preference for minimally invasive procedures, expanding healthcare access in emerging markets, rising healthcare expenditure, an increase in percutaneous coronary interventions, and a growing number of cardiologists.
What Is The Forecast For The Coronary Stents Market Size?
The coronary stents market is expected to maintain its strong growth trajectory in upcoming years.
• The coronary stents market is expected to grow to $16.5 billion by 2029, at a CAGR of 8.3%.
Growth is attributed to the increasing incidence of cardiovascular diseases, aging population, greater awareness of heart health, government programs, and rising lifestyle diseases. Key trends include innovations in stent technology, advances in imaging technologies, strategic partnerships, new stent materials, and integration with digital health.
What Are The Essential Drivers Behind The Growth Of The Coronary Stents Market?
The rising prevalence of cardiovascular diseases (CVDs) is expected to drive the growth of the coronary stent market. Cardiovascular diseases, including coronary artery disease and heart failure, are increasing due to factors such as aging populations and poor lifestyle habits. Coronary stents are used to treat these diseases by opening blocked arteries and improving blood flow. Projections by the American College of Cardiology indicate significant increases in cardiovascular diseases, particularly heart failure and stroke, which will drive the growth of the coronary stent market.
How Is The Global Coronary Stents Market Divided Into Key Segments?
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 Trends Are Shaping The Coronary Stents Market?
Major companies in the coronary stent market are advancing drug-eluting stents to reduce the need for repeat procedures. In May 2024, Abbott, a US-based healthcare company, launched the XIENCE Sierra Everolimus Eluting Coronary Stent System in India. The stent features an enhanced design and a unique delivery system to address challenging cases and improve patient safety by reducing the risk of artery re-blockage.
Who Are the Key Players In The Coronary Stents Market?
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 Regional Insights Into 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.
