Drug-Eluting Stents Market is set to experience a significant growth rate of 6.6% CAGR from 2023 to 2030

Global Drug-Eluting Stents Market Size study & Forecast, by Coating, By Application, By End-User and Regional Analysis, 2023-2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Drug-Eluting Stents market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Drug-Eluting Stents market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation

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Global Drug-Eluting Stents Market is valued at approximately USD 7.37 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2023-2030. Drug-eluting stents are medical devices used in interventional cardiology to treat narrowed or blocked arteries; a condition known as coronary artery disease. They are tiny metal tubes, usually made of stainless steel or cobalt-chromium alloy, that are coated with a special medication designed to prevent the formation of scar tissue inside the artery and keep it open for blood flow. The Drug-Eluting Stents market is expanding because of factors such as increasing prevalence of cardiovascular disease and rise in geriatric population. The development of DES has revolutionized the treatment of coronary artery disease by reducing the risk of re-narrowing the artery, known as restenosis, which was a common problem with bare-metal stents. Its prevalence has progressively increased during the last few decades.

According to the American Heart Association, Cardiovascular disease remains the leading cause of death in the United States, accounting for 928,741 deaths in the year 2020. Furthermore, in 2020 in the United States, coronary heart disease was the leading cause of death around 41.2% attributable to CVD in the United States, followed by stroke at 17.3%, and other cardiovascular diseases at 16.8%. Another important component driving space is rise in geriatric population. As geriatric and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world’s old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. In addition, in May 2022, Biosensors International Group launched BioFreedom Ultra. It is a new polymer and carrier-free drug-coated stent using Biosensors’ patented limus medication Biolimus A9. It is a highly lipophilic anti-restenotic medication developed by Biosensors intended for coronary vascular applications. BioFreedom Ultra additionally includes 84m thin Cobalt Chromium (Co/Cr) struts. Also, advancements in the formulation of drug-eluting stents and increasing demand for biodegradable polymer-based drug eluting scaffolds would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Drug-Eluting Stents stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Drug-Eluting Stents Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players and rising technological advancement in health examination devices. According to Statista, in 2021, the number of cardiovascular surgeries in North America accounts for 202907 Coronary Artery Bypass Graft Procedures, and 258139 Isolated Valve Procedures. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric populations, and active participation of government organizations in the market space.

Major market players included in this report are:

  • Boston Scientific Corporation,
  • Medtronic plc
  • Abbott Laboratories,
  • Biosensors International Group,
  • AlviMedica Medical Technologies Inc.,
  • Amaranth Medical, Inc.,
  • HangZhou HuaAn Biotechnology Co., Ltd,
  • XTENT, Inc.,
  • Cardionovum GmbH,
  • Kyoto Medical Planning Co., Ltd.

Recent Developments in the Market:

In February 2023, Medtronic plc acquired the CE Mark for the Aurora EV-ICDTM MRI SureScanTM and Epsila EVTM MRI SureScanTM defibrillation leads for the treatment of extremely fast heartbeats that can lead to sudden cardiac arrest. Because its lead (thin wire) is located outside the heart and veins, the Aurora EV-ICD system provides the life-saving benefits of regular ICDs while avoiding certain hazards.

Global Drug-Eluting Stents Market Report Scope:

Historical Data: 2020 – 2021

Base Year for Estimation: 2022

Forecast period: 2023-2030

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Coating, Application, End-User, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Coating

  • Polymer Based
  • Polymer Free

By Application

  • Coronary Artery Disease
  • Peripheral Artery Disease

By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

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  • Appendices: Supplementary materials such as additional data, charts, or supporting documents that are relevant to the report but not included in the main body.
  • Conclusion: Summarizes the key points discussed in the report and reinforces the main findings.

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Key Points Covered in Drug-Eluting Stents Market Report:

Table of Contents

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)

1.2.1. Drug-Eluting Stents Market, by Region, 2020-2030 (USD Billion)

1.2.2. Drug-Eluting Stents Market, by Coating, 2020-2030 (USD Billion)

1.2.3. Drug-Eluting Stents Market, by Application, 2020-2030 (USD Billion)

1.2.4. Drug-Eluting Stents Market, by End-User, 2020-2030 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Drug-Eluting Stents Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Industry Evolution

2.2.2. Scope of the Study

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Drug-Eluting Stents Market Dynamics

3.1. Drug-Eluting Stents Market Impact Analysis (2020-2030)

3.1.1. Market Drivers

3.1.1.1. Increasing prevalence of cardiovascular disease

3.1.1.2. Rise in Geriatric Population

3.1.2. Market Challenges

3.1.2.1. High Cost of Drug-Eluting Stents

3.1.3. Market Opportunities

3.1.3.1. Advancements in Formulation of Drug-Eluting Stents

3.1.3.2. Increasing demand for biodegradable polymer-based drug eluting scaffolds

Chapter 4. Global Drug-Eluting Stents Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.2. Porter’s 5 Force Impact Analysis

4.3. PEST Analysis

4.3.1. Political

4.3.2. Economical

4.3.3. Social

4.3.4. Technological

4.3.5. Environmental

4.3.6. Legal

4.4. Top investment opportunity

4.5. Top winning strategies

4.6. COVID-19 Impact Analysis

4.7. Disruptive Trends

4.8. Industry Expert Perspective

4.9. Analyst Recommendation & Conclusion

……..and view more in complete table of Contents

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