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The global coronary stents market size was valued at USD 6.68 billion in 2024. The market is projected to grow from USD 7.02 billion in 2025 to USD 10.66 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period.
Coronary stents are small, tube-shaped devices inserted into coronary arteries to keep them open, ensuring adequate blood flow to the heart. They are primarily used in Percutaneous Coronary Interventions (PCI) to treat Coronary Artery Diseases (CAD), such as atherosclerosis.
Millions of people across the globe suffer from cardiovascular diseases, including coronary artery diseases. Due to this, angioplasty has gained immense popularity in the past few years among individuals experiencing atherosclerosis and heart attacks.
Technological advancements in stenting procedures have reduced manual errors during operations. This is anticipated to enhance the adoption of these products among cardiologists in both emerging and developed nations.
Furthermore, the market is highly fragmented with the presence of key players, such as Medtronic, Stentys S.A., Boston Scientific Corporation, BIOTRONIK SE & Co. KG, and Abbott, among others. The growing focus of these players on receiving regulatory approvals for the launch of new products in the global market will enhance their dominance.
Rising Prevalence of Coronary Heart Diseases Globally Will Facilitate Market Growth
The growing prevalence of coronary heart disorders across the globe is one of the primary factors that will drive the market’s growth during the forecast period. Increasing habit of binge-eating, coupled with sedentary lifestyles and growing stress levels, is responsible for the rise in the prevalence of heart disorders.
Coronary heart disorder is the most common form of cardiovascular disease, affecting millions of people worldwide. Therefore, the rising patient pool and growing prevalence of heart diseases are projected to accelerate the market’s growth throughout the forecast period.
Furthermore, increase in the global elderly population, who are more susceptible to CAD, will also drive the demand for coronary stents, leading to the market’s growth.
Technological Advancements in Coronary Stents Will Bolster Market Growth
Coronary stents have been widely used in cardiac procedures to close the perforation in the blood vessels for several years. Currently, the field of Percutaneous Coronary Intervention (PCI) is witnessing many innovations to make it safe and effective for treatment during complex CAD surgeries. Several medical device companies are largely involved in receiving regulatory approvals to launch these devices in the global market. This is one of the main factors that will drive the market’s growth throughout the forecast period.
Moreover, rapid advancements in devices and a growing preference for minimally invasive procedures like Percutaneous Coronary Intervention (PCI) over traditional open-heart surgeries have led to an increase in the adoption of stenting devices, boosting the market’s growth.
Side Effects Associated With Coronary Stents to Hinder Market Growth
Despite the growing demand for treatment solutions, the side effects associated with the use of coronary stents might hinder the market’s growth to a certain extent.
Moreover, strict government regulations pertaining to product approval will further restrict market growth.
Rising Healthcare Infrastructure and Growing Awareness about Cardiovascular Diseases in Emerging Regions
The increasing awareness about coronary artery disease and its treatment in emerging countries can create a growth opportunity for the market.
In addition, the expansion of cardiology services by opening new multispecialty hospitals and catheterization laboratories in emerging nations will create an opportunity for the market to grow substantially throughout the forecast period.
Increasing Product Recalls is Considered a Significant Challenge Affecting Market Expansion
The expensive nature of stent procedures, especially in developing regions, can limit their accessibility and adoption. In addition, the increasing cases of product recalls due to safety concerns is considered a significant challenge for the market’s growth as the safety issues with coronary stents affect patient trust and limit their adoption.
Furthermore, the availability of other treatments for coronary artery diseases will also pose a challenge to the growth of the market.
Continuous Innovations and Enhancements in Coronary Stenting Devices to Become Significant Market Trend
The market players are focused on the development of innovative stenting devices. They strongly emphasize minor refinements, such as reducing the stent strut thickness, making stents more deliverable in tortuous vessels, and introducing smaller diameters of these stents. The enhancements resulted in improved flexibility, smaller diameters, and longer lengths to address critical Percutaneous Coronary Interventions (PCIs). Therefore, such modifications to improve patient experience and eliminate procedural complexities will aid market growth.
Moreover, continuous innovations, such as developing bioresorbable and drug-eluting stents with biodegradable polymers, enhance the stent’s performance and patient outcomes.
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The COVID-19 pandemic had a negative impact on the market in 2020. During the early phases of the outbreak, the healthcare systems prioritized treating COVID-19-infected patients, leading to delays or cancellations of elective surgeries, including coronary stent placements.
However, in 2021, the market players experienced significant growth in their revenues from cardiovascular businesses.
This market is anticipated to witness faster growth in 2024 and the coming years due to the increasing number of coronary interventions globally.
Increasing Product Launches Will Stimulate Demand for Drug-Eluting Stents
Based on stent type, the market is segmented into drug eluting stent, covered stent, bare metal stent, bioresorbable stent, and others. The drug-eluting stents segment is anticipated to dominate the market throughout the forecast period owing to the increasing demand for these stents. Moreover, increasing regulatory approvals and product launches for these stents are some of the major factors contributing to the segment’s growth throughout the forecast period.
The bare metal stent segment is anticipated to record a moderate CAGR during the forecast period. In patients with high bleeding risks, where prolonged dual antiplatelet therapy is not advisable, bare metal stents are preferred in such cases to minimize complications. This is one of the important factors responsible for the segment’s growth during the forecast period.
The bioresorbable stent segment is anticipated to grow throughout the forecast period. The higher burden of cardiovascular disorders across the globe is one of the most prominent factors propelling the demand for bioresorbable stents. The rising geriatric population is another significant factor boosting the market’s growth since people over 60 years of age are more prone to chronic ailments, such as cardiovascular diseases. Hence, the abovementioned factors are anticipated to boost the segment’s growth during the forecast period.
The covered stents segment is anticipated to grow throughout the forecast period owing to the high prevalence of coronary artery diseases and increasing product launches in the global market.
The others segment is expected to grow during the forecast period owing to the increasing usage of dual therapy stents for the treatment of coronary diseases.
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Adoption Rate of Metal-based Coronary Stents Increased Due to Their High Efficiency
Based on material type, the market is divided into metal and polymer. The metal segment dominated the global market in 2024. This segment is also expected to record the highest CAGR during the forecast period. The segment’s dominance was mainly due to the increasing launch of coronary stents made from stainless steel, cobalt-chromium, and platinum-chromium alloys and the high efficiency of these stents.
The polymer segment is anticipated to grow throughout the forecast period. This is mainly due to the fact that bioresorbable stents are completely made up of polymers that provide clinical benefits, such as their ability to degrade over time.
Higher Clinical Efficiency of Self-Expandable Stents is Responsible for its Dominance in Market
Based on deployment, the market is segmented into self-expandable and balloon-expandable. The higher efficiency of self-expandable stents and emerging local & regional manufacturers of these stents across the world are some of the major factors responsible for the dominance of this segment in the global market.
Moreover, the launch of novel self-expandable stents demonstrates their ability to treat acute myocardial infarction and follow the enlargement of the artery with near-perfect precision. Hence, such high clinical efficacy of these stents will substantially drive the segment’s growth during the forecast period.
The balloon-expandable segment is anticipated to witness stable growth during the forecast period. The high burden of cardiovascular disorders and growing research on the development of technologically advanced medical stents are some of the factors expected to fuel the segment’s growth throughout the forecast period.
Rising Prevalence of Coronary Artery Diseases (CADs) Globally Boosted Product Use in CCS
Based on application, the market is categorized into Acute Coronary Syndrome (ACS) and Chronic Coronary Syndrome (CCS).
The Chronic Coronary Syndrome (CCS) segment held the largest market share in 2024 owing to the rising cases of cardiovascular diseases, including Coronary Artery Diseases (CADs). The growing initiatives by market players to launch coronary stents are an additional factor that will drive the segment’s growth throughout the forecast period.
The Acute Coronary Syndrome (ACS) segment is expected to grow throughout the forecast period. The increasing number of Percutaneous Coronary Intervention (PCI) procedures for the treatment of acute coronary syndrome is one of the main factors that will drive the segment’s growth in the future.
Growing Number of Healthcare Facilities for Providing Efficient Treatment Increased Product Use in Hospitals & ASCs
Based on end-user, the market is segmented into hospitals & ASCs, specialty clinics, and others.
The hospitals & ASCs segment dominated the global coronary stents market in 2024. The segment is projected to hold a significant market share due to the growing number of critical cardiovascular surgeries, such as angioplasty, which are predominantly performed in hospitals & ASCs. Moreover, the opening of new hospitals and ambulatory surgical centers providing advanced treatment for cardiovascular diseases is one of the additional factors that will drive the segment’s growth during the forecast period.
The specialty clinics segment held a moderate market share in 2024 and is expected to record a moderate CAGR during the forecast period. The segment’s moderate growth is attributed to factors, such as the increasing number of specialty clinics and cardiologists across the world. Additionally, increasing awareness among individuals regarding the various advantages of coronary stents is another key factor drawing the patient population toward these facilities, thus augmenting the segment’s growth during the forecast period.
The others segment is also expected to grow throughout the forecast period. The increasing number of catheterization laboratories across the globe for the treatment of coronary artery diseases is one the main factors that will drive the segment’s growth throughout the forecast period.
Based on geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America Coronary Stents Market Size 2024 (USD Billion)
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North America dominated the market in 2024, accounting for USD 2.21 billion of the global market value. This was due to the presence of an advanced healthcare infrastructure in this region. Moreover, the market in North America is expected to register the highest CAGR during the forecast period owing to the increasing regulatory approvals and product launches.
In addition, the rising prevalence of Coronary Artery Disease (CAD) has led to the increasing demand for coronary stenting procedures, which is an additional factor expected to drive the market’s growth in the U.S.
Europe held a moderate market share in 2024 and is expected to grow moderately throughout the forecast period. This is due to the growing emphasis of market players on receiving regulatory approvals for the launch of coronary stents in the regional market.
The coronary stent market in Asia Pacific is expected to grow throughout the forecast period owing to a large patient pool suffering from coronary artery diseases and improvement in the region’s healthcare facilities. Moreover, the opening of new hospitals, catheterization laboratories, and specialty clinics in the region are some of the factors boosting the market’s growth.
Additionally, the growing strategic initiatives by manufacturers for the launch of these devices in the Asia Pacific market is an additional factor driving the market’s growth in this region.
The market is projected to grow at a steady rate in Latin America. The market’s growth in this region is attributed to the rising cases of coronary artery diseases.
The coronary stent market in the Middle East & Africa is expected to grow during the forecast period owing to the rising number of angioplasty surgeries.
Increasing Focus of Market Players on Strategic Acquisitions to Enhance their Product Offerings Will Boost Companies' Revenue Growth
Abbott, Medtronic, Boston Scientific Corporation, and BIOTRONIK SE & Co. KG are among the major players accounting for a significant portion of the global coronary stents market share in 2024. The significant presence of these companies in the market is attributed to their focus on expanding their product offerings for the treatment of coronary artery disease.
Moreover, other players, such as Terumo Corporation, MicroPort Scientific Corporation, and B. Braun SE have been focusing on conducting clinical trials to develop novel cardiac stents, an important factor driving the market’s growth. Also, the growing focus of market players on receiving regulatory approvals for the launch of coronary stents is one of the additional factors driving the market’s progress.
The global coronary stents market research report provides a detailed competitive landscape and market insights. The report focuses on key aspects, such as competitive landscape, stent type, material type, deployment, application, end-user, and region. Besides this, it offers insights into the market drivers, market trends, market dynamics, COVID-19 impact on the market, and other key insights. In addition to the market size, the report encompasses several factors that have contributed to the growth of the market in recent years.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 6.2% from 2025-2032 |
Unit | Value (USD Billion) |
Segmentation | Stent Type, Material Type, Deployment, Application, End-user, and Region |
By Stent Type | · Drug Eluting Stent · Covered Stent · Bare Metal Stent · Bioresorbable Stent · Others (Dual Therapy Stents) |
By Material Type | · Metal · Polymer |
By Deployment | · Self-expandable · Balloon-expandable |
By Application | · Acute Coronary Syndrome (ACS) · Chronic Coronary Syndrome (CCS) |
By End-user | · Hospitals & ASCs · Specialty Clinics · Others |
By Region | · North America (By Stent Type, Material Type, Deployment, Application, End-user, and Country) - U.S. - Canada · Europe (By Stent Type, Material Type, Deployment, Application, End-user, Country/Sub-Region) - Germany - U.K. - France - Italy - Spain - Scandinavia - Rest of Europe · Asia Pacific (By Stent Type, Material Type, Deployment, Application, End-user, Country/Sub-Region) - China - Japan - India - Australia - Southeast Asia - Rest of Asia Pacific · Latin America (By Stent Type, Material Type, Deployment, Application, End-user, Country/Sub-Region) - Brazil - Mexico - Rest of Latin America · Middle East & Africa (By Stent Type, Material Type, Deployment, Application, End-user, Country/Sub-Region) - GCC - South Africa - Rest of Middle East & Africa |
Fortune Business Insights says that the global market value stood at USD 6.68 billion in 2024 and is projected to reach USD 10.66 billion by 2032.
In 2024, the market value in North America stood at USD 2.21 billion.
The market will exhibit steady growth at a CAGR of 6.2% during the forecast period of 2025-2032.
By stent type, the drug eluting stent segment led the market.
Growing healthcare infrastructure, increasing medical workforce, entry of new market players, and launch of new products are the key drivers of the market.
Medtronic, Terumo Corporation, Boston Scientific Corporation, and Abbott are the major players in the market.
North America dominated the market share in 2019.
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