The Global Coronary Stents Industry Projected Valuation of US$ 51.2 Mn by 2032 with a Steady 5.1% CAGR from 2022 to 2032. In 2022, the market is poised to reach an estimated US$ 33.36 Mn, and it’s anticipated to soar due to factors like an aging population, increased cardiovascular diseases, and lifestyle-related ailments such as diabetes and obesity.
The Growth Trajectory of Coronary Stents Market: Enhancing Blood Flow and Heart Health
- Unlocking the Potential: The Rising Awareness and Benefits of Coronary Stents in Cardiovascular Care
- Preserving Heart Health: Coronary Stents Market Set to Flourish on the Back of Minimally Invasive Procedures and Rapid Recovery
- Coronary Stents Market 2022-2032: A Healing Touch for Angina and Heart Health
- Improving Heart Health: The Role of Coronary Stents in a Changing Healthcare Landscape
- Coronary Stents Market Projections: Empowering Patients with Minimally Invasive Heart Care
- Coronary Stents Market Outlook: A Healthy Heart, One Stent at a Time
- Stenting for Heart Health: Navigating the Growth of the Coronary Stents Market
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Furthermore, a rise in the global geriatric population is leading to a larger patient pool with serious cardiovascular diseases. Again, hypertension is arising as a grave public health concern. Obesity, too, adds to this burden as one of the primary risk factors accountable for different cardiovascular diseases worldwide.
Coronary stenting is prescribed to patients who are suffering from coronary artery blockage. Though angioplasty is the first line of treatment for patients with acute coronary artery blockages while the number of patients undergoing stenting has been increasing steadily over the last ten years. This is owing to the rise of outpatient coronary stenting procedures, which shortens long hospital stays. Additionally, a large number of cardiologists prescribing stenting procedures for patients with CAD is a prime factor that will likely fuel revenue growth of the coronary stent market during the forecast period.
Increasing cases of lifestyle diseases like obesity and diabetes often result in heart issues which, in turn, supplements the global growth of the coronary stents market over the forecast period, says an FMI analyst.
Key Takeaways:
- Rising awareness of the benefits associated with stenting will strengthen market prospects.
- Prevalence of alternative treatment methods, product failure, and recalls are certain factors that may hamper market growth.
- Growing cases of coronary artery diseases propel the coronary stent market in the United States.
- Favorable government support for the healthcare sector will present new market opportunities in China.
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Competitive Landscape
Abbott, Medtronic, Boston Scientific Corporation, Terumo Corporation, B Braun Melsungen AG, Biotronik, Stentys SA, MicroPort Scientific Corporation, C. R. Bard, Inc., and Cook Medica among others are some of the major players in the coronary stents market profiled in the full version of the report.
Key market players are focusing on product upgradation and offering new features to meet the rising consumer demand. These organizations are employing strategies like new product releases, partnerships, collaborations, mergers, and acquisitions to gain a competitive advantage.
More Insights into Coronary Stents Market Report
In its latest report, FMI offers an unbiased analysis of the global coronary stents market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (drug eluting stent (DES), bare metal stent (BMS), bioresorbable vascular stent (BVS)), raw material (cobalt chromium, stainless steel, platinum-chromium, nickel-titanium, polymer), end user (hospitals, ambulatory surgical centers, cardiac catheterization laboratories), and region.
According to the latest FMI reports, based on region, China’s coronary stent market will likely exhibit an impressive growth rate during the observation period due to favorable government support for the healthcare sector. The coronary stent market in the United States is anticipated to demonstrate substantial growth over the forecast period. The rising prevalence of coronary artery disease is spurring the demand for interventional cardiology treatment in this country. Sedentary lifestyles, smoking, poor dietary habits, and pollution often contribute to increasing cases of cardiovascular diseases. All of these factors are expected to drive the demand for the target market during 2022-2032.
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Key Segments Covered in the Coronary Stents Industry Analysis
By Product:
- Drug Eluting Stent (DES)
- Bare Metal Stent (BMS)
- Bioresorbable Vascular Stent (BVS)
By Raw Material:
- Cobalt Chromium
- Stainless Steel
- Platinum – Chromium
- Nickel – Titanium
- Polymer
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Catheterization Laboratories
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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