What is the global market size of Stents Market?

Global Stents Market size was valued at USD 8.8 billion in 2021 and is poised to grow from USD 9.3 billion in 2022 to USD 12.1 billion by 2030, growing at a CAGR of 3.3% in the forecast period (2023-2030).

Stents Market Size

SkyQuest Technology's Stents market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Stents Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Stents Market Insights

Stents Market size was valued at USD 9.3 Billion in 2023 and is poised to grow from USD 9.61 Billion in 2024 to USD 12.5 Billion by 2032, growing at a CAGR of 3.3% during the forecast period (2025-2032).

A stent is a medical device that is put into a blocked conduit in order to keep it open. It is a small tube that restores the flow of blood and other fluids to various organs of the body. Stents can be made of plastic or metal. Stents are the largest stents and are used to remove blockages from bigger arteries. It is drug-coated to prevent clogged arteries from shutting. Stents can also be used to keep aneurysms from rupturing the aorta, brain, or other blood vessels.

The global stents market is being driven primarily by an increase in the prevalence of coronary artery disease, technological advancements for stent development, increased funding from private and government organizations for the development of the healthcare sector and research centers, and an increase in demand for drug-eluting stents. According to the Centers for Disease Control and Prevention (CDC), around 360,900 people died in 2019 as a result of coronary artery disease. It is one of the most common types of cardiovascular disease. For example, in August 2021, Sinomed, a renowned worldwide medical device manufacturer, announced the European launch of the HT Supreme Drug-eluting stent at the University Hospital Galway.

US Stents Market is poised to grow at a sustainable CAGR for the next forecast year.

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The global stents market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Boston Scientific ', 'Medtronic ', 'Abbott Laboratories ', 'Terumo Corporation ', 'Johnson & Johnson ', 'B. Braun Melsungen AG ', 'BIOTRONIK SE & Co. KG ', 'Cook Medical ', 'MicroPort Scientific Corporation ', 'Sahajanand Medical Technologies ', 'Alvimedica ', 'Biosensors International ', 'Lepu Medical Technology ', 'Meril Life Sciences ', 'Balton Sp. z o.o. ', 'Translumina Therapeutics ', 'Vascular Concepts ', 'Relisys Medical Devices ', 'Endocor GmbH ', 'Hexacath '

The growing prevalence of cardiovascular diseases will drive market figures. The growing prevalence of cardiovascular illnesses worldwide is expected to boost stent market growth in the future years. The growing number of chronic illness patients is predicted to stimulate demand for percutaneous coronary intervention and peripheral vascular operations. According to the World Health Organization (WHO), an estimated 17.9 million fatalities attributable to cardiovascular diseases (CVDs) are reported each year, accounting for roughly 32% of all global fatalities. As the number of people suffering from cardiovascular diseases rises, so will the demand for percutaneous coronary intervention and peripheral vascular operations, fueling the demand for stents.

The expansion of the stents market is aided by the continuous product innovations and enhancements. The majority of the attention on stent upgrades has been on minute adjustments such as reducing stent strut thickness, making stents more deliverable in tortuous veins, and launching longer lengths or smaller diameters of these stents. For example, in 2018, one of the most recent stent breakthroughs was the release of the Xience Sierra, which received FDA approval in the United States. Increased flexibility, a smaller profile, small diameters, and longer lengths are among the enhancements to address important percutaneous coronary procedures (PCI). As a result, such changes to improve the patient experience and minimize procedural difficulties will boost market growth.

In 2021, North America is expected to have the biggest share of the market. The regional market growth is due to the region's increasing prevalence of cardiovascular illnesses. According to several research studies, the population in North America has a higher risk of developing heart disease due to the increasing adoption of sedentary lifestyles, growing binge eating habits, and a higher rate of cigarette consumption, which ultimately leads to a weak immune system and an increase in stress levels. These factors all play a significant role in the natural course of heart illness throughout time. The rising frequency of heart disease has aided the region's status as a prospective market for investors. Furthermore, the region is benefiting from the construction of specialty clinics, as well as increased investments in the innovation of coronary stents. Furthermore, the presence of key players in the United States is a crucial growth enhancing element.

Stents Market Size

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