Drug Eluting Stent Market, 2028- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Coating Type (Polymer-based Coatings (Non-biodegradable, Biodegradable)), Polymer-free Coatings(Micro porous Surface, Micro structured Surface, Slotted tubular Surface, Nanoporous Surface)), By Application (Coronary Artery Disease, Peripheral Artery Disease), By Region, By Competition.

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 7.09 billion

CAGR (2023-2028)

8.13%

Fastest Growing Segment

Polymer-based Coatings

Largest Market

North America


Market Overview

The Global Drug Eluting Stent Market has valued at USD 7.09 billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 8.13% through 2028. The global healthcare industry has witnessed remarkable advancements in recent years, with technology and innovation playing pivotal roles in enhancing patient care and treatment outcomes. Among these innovations, drug-eluting stents (DES) have emerged as a game-changer in the field of interventional cardiology. These tiny, lifesaving devices are transforming the way coronary artery diseases are treated, leading to a substantial growth in the global drug-eluting stent market.

A drug-eluting stent is a medical device designed to treat coronary artery disease (CAD) and prevent the recurrence of blockages in the arteries. It is a tiny mesh tube made of metal that is coated with a special medication, typically an anti-restenotic drug. When implanted in a narrowed or blocked coronary artery, the stent not only serves as a mechanical scaffold to keep the artery open but also releases the drug slowly over time to prevent restenosis, the renarrowing of the artery.

The global drug-eluting stent market has witnessed significant growth in recent years, and several factors are driving this expansion. The rising incidence of coronary artery disease globally is a major driver of the DES market. Lifestyle changes, including sedentary habits and unhealthy diets, have contributed to an increase in CAD cases. Ongoing research and development efforts have led to the introduction of next-generation drug-eluting stents with improved designs, drug formulations, and biodegradable materials, enhancing their efficacy and safety. As the world's population continues to age, the prevalence of CAD is expected to rise. Older individuals are more prone to cardiovascular diseases, creating a growing market for DES. DES procedures are minimally invasive, resulting in shorter recovery times, less pain, and reduced hospital stays compared to traditional open-heart surgeries. This factor is driving patient preference and increasing the adoption of DES. Developing countries are witnessing an increase in healthcare infrastructure and accessibility, which is driving the demand for advanced medical devices like drug-eluting stents.

Key Market Drivers

Increasing Prevalence of Cardiovascular Diseases is Driving the Global Drug Eluting Stent Market

Cardiovascular diseases (CVDs) remain a global health concern, causing a significant burden on healthcare systems and individuals worldwide. Among the various treatment options available, drug-eluting stents (DES) have emerged as a game-changer in the management of coronary artery disease, a common form of CVD. The global drug-eluting stent market is witnessing substantial growth, primarily due to the increasing prevalence of cardiovascular diseases. Cardiovascular diseases encompass a range of conditions that affect the heart and blood vessels. These include coronary artery disease, heart failure, stroke, and hypertension, among others. Among them, coronary artery disease (CAD) is the leading cause of death globally. CAD occurs when fatty deposits (atherosclerosis) accumulate in the coronary arteries, leading to reduced blood flow to the heart muscle, potentially causing chest pain (angina) or heart attacks.

The primary driver behind the growth of the drug-eluting stent market is the increasing prevalence of cardiovascular diseases worldwide. Factors such as sedentary lifestyles, unhealthy diets, smoking, and stress have contributed to the rising incidence of heart-related ailments. As the global population continues to age, the risk of developing cardiovascular diseases increases. Elderly individuals are more prone to conditions like CAD, which necessitates interventions like stent placement. Ongoing research and development have led to the creation of more advanced and effective drug-eluting stents. These innovations, such as biodegradable stents and Growing awareness of cardiovascular health and improved access to healthcare services have led to more people seeking timely treatment for heart conditions. As a result, there is a greater demand for interventional cardiology procedures like stent placement. improved drug coatings, have enhanced patient outcomes and boosted market growth. The promotion of healthier lifestyles, including regular exercise and dietary improvements, has played a role in reducing risk factors for cardiovascular diseases. However, these changes may not eliminate the need for medical interventions like stent placement in many cases.

Increasing Awareness and Education Fuels Growth in Global Drug Eluting Stent

The global drug-eluting stent market has witnessed remarkable growth in recent years, primarily due to increased awareness and education regarding cardiovascular diseases and the benefits of drug-eluting stents (DES). These innovative medical devices have transformed the treatment landscape for coronary artery diseases, offering better outcomes and improved patient quality of life. As healthcare professionals and patients alike become more informed about these life-saving devices, the market continues to expand.

Healthcare professionals, particularly cardiologists and interventional radiologists, play a pivotal role in recommending the appropriate treatment options for patients with coronary artery diseases. Continuous medical education and training programs keep these specialists updated on the latest advancements in stent technology. As a result, they are more likely to prescribe drug-eluting stents as a preferred treatment option, given their superior outcomes compared to bare-metal stents.

Educating patients about their treatment options is crucial. Patients who understand the benefits of drug-eluting stents are more likely to opt for them when presented with the choice. Educational materials, including brochures, websites, and videos, help patients make informed decisions regarding their treatment plans. Healthcare providers also need to be well-informed about the different types of stents available and their respective advantages. Continuous medical education programs ensure that healthcare professionals stay up-to-date with the latest research and clinical guidelines related to drug-eluting stents, enabling them to provide the best possible care to their patients.

The increasing awareness and education surrounding drug-eluting stents have significantly contributed to market growth. According to market research reports, the global drug-eluting stent market is projected to continue expanding at a substantial rate in the coming years. Factors such as an aging population, rising obesity rates, and lifestyle changes are expected to drive the prevalence of cardiovascular diseases, further fueling the demand for these life-saving devices. Additionally, ongoing advancements in stent technology, such as the development of bioabsorbable stents and improved drug coatings, will likely enhance the efficacy of drug-eluting stents, making them an even more attractive option for patients and healthcare providers.

Favorable Reimbursement Policies is Driving the Global Drug Eluting Stent Market

The global drug-eluting stent market has experienced significant growth in recent years, thanks in part to favorable reimbursement policies in various countries. These policies have not only made life-saving treatments more affordable for patients but have also stimulated innovation and investment in the medical device industry. Reimbursement policies play a crucial role in determining the accessibility and affordability of medical treatments, including drug-eluting stents. In many countries, governments and insurance providers have recognized the importance of these devices and have implemented policies to make them more accessible to patients.

Favorable reimbursement policies often result in reduced out-of-pocket expenses for patients. This makes drug-eluting stents more affordable and accessible to a broader range of individuals, ensuring that patients receive the best possible care without incurring significant financial burdens. As reimbursement policies encourage the use of drug-eluting stents, they create a robust market for these devices. This, in turn, incentivizes medical device companies to invest in research and development to create more advanced and effective stents. Continuous innovation benefits both patients and the industry. Favorable reimbursement policies extend the reach of drug-eluting stents to a larger patient population. This expansion of the market can result in increased sales and revenue for medical device manufacturers, which further drives innovation and investment. Medical device companies that produce high-quality drug-eluting stents can gain a competitive advantage in markets with favorable reimbursement policies. This encourages companies to maintain high standards and invest in improving their products. The influence of favorable reimbursement policies is not limited to a single country. As more nations recognize the benefits of these policies, the global drug-eluting stent market continues to grow, creating a positive impact on healthcare infrastructure worldwide.


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Key Market Challenges

Regulatory Hurdles

One of the foremost challenges facing the drug-eluting stent market is the ever-evolving landscape of regulatory requirements. Health authorities in different countries continually update their guidelines and standards for medical devices. Manufacturers must invest substantial resources in research and development to ensure compliance with these evolving regulations. In addition, obtaining approval for new products or modifications can be a time-consuming and expensive process.

Competitive Landscape

The drug-eluting stent market is highly competitive, with several major players dominating the industry. Companies must constantly innovate to stay ahead of the competition and maintain or gain market share. This often involves hefty investments in research and development, clinical trials, and marketing efforts, which can strain company resources.

Pricing Pressures

The cost of drug-eluting stents can be a significant burden for healthcare systems and patients. Payers, including insurance companies and government health agencies, often negotiate aggressively for lower prices, putting pressure on manufacturers to reduce their pricing. This can impact profitability and limit the funds available for research and development.

Emerging Technologies

The field of interventional cardiology is dynamic, with continuous advancements in technologies and treatment options. Emerging alternatives to drug-eluting stents, such as bioresorbable vascular scaffolds and drug-coated balloons, pose a potential threat to the market share of DES. Manufacturers must keep a close eye on these developments and adapt their strategies accordingly.

Adverse Events and Safety Concerns

While drug-eluting stents have improved patient outcomes by reducing restenosis rates, there are still concerns about the long-term safety of these devices. Late stent thrombosis and other adverse events have been reported, leading to ongoing scrutiny by regulatory agencies and the medical community. Manufacturers must invest in rigorous safety testing and post-market surveillance to address these concerns.

Economic Factors

Global economic factors, such as the COVID-19 pandemic, can disrupt supply chains, impact demand, and affect the financial stability of companies in the drug-eluting stent market. Fluctuations in currency exchange rates and changes in healthcare spending can also influence the industry's growth.

Access to Emerging Markets

Expanding into emerging markets presents both opportunities and challenges. While these markets offer substantial growth potential, they often have different regulatory requirements, cultural considerations, and healthcare infrastructures. Companies must navigate these complexities to successfully penetrate and establish a foothold in new regions.

Physician Training and Adoption

Training healthcare professionals to effectively use drug-eluting stents is crucial for patient safety and optimal outcomes. Manufacturers must invest in education and training programs to ensure that physicians are proficient in stent implantation techniques and stay up-to-date with the latest advancements.

Key Market Trends

Technological Advancements

The global healthcare industry is experiencing a significant transformation fueled by technological advancements. One area where these advancements are making a profound impact is in the field of interventional cardiology, particularly with drug-eluting stents (DES). DES have revolutionized the treatment of coronary artery disease, and as technology continues to advance, the global drug-eluting stent market is poised for remarkable growth.

One of the significant technological advancements in DES is the development of biocompatible polymers. These polymers improve drug release kinetics and reduce the risk of inflammation and allergic reactions in patients. New-generation DES employ advanced polymers that break down more naturally within the body, reducing long-term complications. Bioabsorbable stents represent a groundbreaking innovation. These stents are designed to gradually dissolve within the body over time, leaving behind a healthier, more natural artery. This technology eliminates some of the long-term limitations associated with traditional metal stents, such as the potential for late-stage thrombosis.

Continuous research and development efforts have led to the discovery of more effective drugs to coat DES. These new drug formulations enhance the stent's efficacy while minimizing side effects. Customized drug delivery systems are also being explored, tailoring treatment to individual patient needs. Advancements in catheter technology have made stent deployment safer and more precise. Miniaturization and enhanced imaging capabilities help interventional cardiologists navigate complex coronary anatomy with greater confidence.

As technology advances, the production of DES becomes more efficient. This often leads to cost savings, making these devices more affordable for healthcare systems and patients alike. Technological advancements have enabled better distribution and accessibility of DES in emerging markets, helping to address the growing burden of cardiovascular disease worldwide.

Segmental Insights

Coating Type Insights

Based on the coating type, the Polymer-based Coatings segment emerged as the dominant player in the global market for Drug Eluting Stent in 2022. Polymer-based coatings have been widely used in drug-eluting stents because they provide excellent control over the release of drugs. These coatings can be engineered to release drugs in a controlled and sustained manner over an extended period. This is crucial for ensuring that the drug remains effective in inhibiting the growth of neointimal tissue (restenosis) around the stent for an extended period. Polymer-based DES have demonstrated significant success in reducing restenosis rates compared to bare-metal stents. By effectively delivering drugs to the target site, polymer-based coatings help inhibit the proliferation of smooth muscle cells and reduce the risk of restenosis. This positive clinical outcome has contributed to the widespread adoption of polymer-based DES. Polymer coatings allow for customization of drug release profiles. Physicians and device manufacturers can choose specific polymers and drug combinations to tailor the DES to the patient's needs. This customization ensures that the stent can effectively address different patient conditions and anatomical variations. Polymer-based coatings can accommodate a variety of drug compounds, including antiproliferative agents, anti-inflammatory drugs, and anti-thrombotic agents. This versatility allows for the development of DES that can address multiple aspects of vascular healing and reduce complications.

Application Insights

The Coronary artery disease (CAD) segment is projected to experience rapid growth during the forecast period. CAD is one of the most common heart diseases worldwide, affecting millions of people. It occurs when the arteries that supply blood to the heart become narrowed or blocked due to the buildup of plaque. This high prevalence of CAD ensures a large patient population in need of treatment, which drives demand for drug-eluting stents. Drug-eluting stents have proven to be highly effective in treating CAD. They are used to open narrowed or blocked coronary arteries, restore blood flow to the heart, and prevent the recurrence of blockages. Their ability to reduce restenosis (the re-narrowing of arteries) compared to bare-metal stents makes them a preferred choice in CAD treatment. Over the years, there have been continuous advancements in drug-eluting stent technology. New stents are designed to release drugs that inhibit cell growth and inflammation at the stent site, further reducing the risk of restenosis. These technological innovations make DES a compelling option for CAD treatment.

Regional Insights

North America emerged as the dominant player in the global Drug Eluting Stent market in 2022, holding the largest market share in terms of value. North America, particularly the United States, is a hub for medical research and innovation. It is home to numerous medical device companies and research institutions that continuously develop and improve drug-eluting stent technologies. These innovations often lead to the introduction of new and advanced products into the market, attracting both domestic and international consumers. The North American region boasts a well-developed and highly advanced healthcare infrastructure, including hospitals, clinics, and specialized medical facilities. This extensive network ensures that patients have access to cutting-edge medical treatments, including drug-eluting stents. The well-established healthcare system plays a significant role in driving demand for these devices. Cardiovascular diseases, such as coronary artery disease, are widespread in North America. These conditions often necessitate the use of drug-eluting stents to treat narrowed or blocked arteries. The high prevalence of these diseases leads to a substantial demand for drug-eluting stents in the region.


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Recent Developments

  • In June 2021, Abbott obtained FDA authorization for its XIENCE Skypoint stent, featuring a distinctive polymer coating, highlighting the area's dedication to pioneering solutions in the industry.
  • In August 2022, Medtronic unveiled its most recent iteration of the drug-eluting coronary stent system, named the Onyx Frontier, following the receipt of CE Mark approval.

 

Key Market Players

  • Abbott Laboratories ltd.
  • Boston Scientific Corporation
  • Terumo Corporation
  • Medtronic plc
  • Biosensors International Ltd
  • Cook Medical pvt ltd.
  • B. Braun Medical (India) Private Limited
  • Biotronik, Inc.
  • Lepu Medical Technology Inc.

 By Coating Type

By Application

By Region
  • Polymer-based Coatings
  • Polymer-free Coatings
  • Coronary Artery Disease
  • Peripheral Artery Disease
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Drug Eluting Stent Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Drug Eluting Stent Market, By Coating Type:

o   Polymer-based Coatings

o   Polymer-free Coatings

  • Drug Eluting Stent Market, By Application:

o   Coronary Artery Disease

o   Peripheral Artery Disease

  • Drug Eluting Stent Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Drug Eluting Stent Market.

Available Customizations:

Global Drug Eluting Stent market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Drug Eluting Stent Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.     Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

5.    Global Drug Eluting Stent Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Coating Type (Polymer-based Coatings (Non-biodegradable, Biodegradable)), Polymer-free Coatings(Micro porous Surface, Micro structured Surface, Slotted tubular Surface, Nanoporous Surface))

5.2.2.    By Application (Coronary Artery Disease, Peripheral Artery Disease)

5.2.3.    By Region

5.2.4.    By Company (2022)

5.3.  Market Map

6.    North America Drug Eluting Stent Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Coating Type

6.2.2.    By Application

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Drug Eluting Stent Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Coating Type

6.3.1.2.2.           By Application

6.3.2.    Canada Drug Eluting Stent Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Coating Type

6.3.2.2.2.           By Application

6.3.3.    Mexico Drug Eluting Stent Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Coating Type

6.3.3.2.2.           By Application

7.    Europe Drug Eluting Stent Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Coating Type

7.2.2.    By Application

7.3.  Europe: Country Analysis

7.3.1.    Germany Drug Eluting Stent Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Coating Type

7.3.1.2.2.           By Application

7.3.2.    United Kingdom Drug Eluting Stent Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Coating Type

7.3.2.2.2.           By Application

7.3.3.    Italy Drug Eluting Stent Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Coating Type

7.3.3.2.2.           By Application

7.3.4.    France Drug Eluting Stent Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Coating Type

7.3.4.2.2.           By Application

7.3.5.    Spain Drug Eluting Stent Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Coating Type

7.3.5.2.2.           By Application

8.    Asia-Pacific Drug Eluting Stent Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Coating Type

8.2.2.    By Application

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Drug Eluting Stent Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Coating Type

8.3.1.2.2.           By Application

8.3.2.    India Drug Eluting Stent Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Coating Type

8.3.2.2.2.           By Application

8.3.3.    Japan Drug Eluting Stent Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Coating Type

8.3.3.2.2.           By Application

8.3.4.    South Korea Drug Eluting Stent Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Coating Type

8.3.4.2.2.           By Application

8.3.5.    Australia Drug Eluting Stent Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Coating Type

8.3.5.2.2.           By Application

9.    South America Drug Eluting Stent Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Coating Type

9.2.2.    By Application

9.3.  South America: Country Analysis

9.3.1.    Brazil Drug Eluting Stent Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Coating Type

9.3.1.2.2.           By Application

9.3.2.    Argentina Drug Eluting Stent Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Coating Type

9.3.2.2.2.           By Application

9.3.3.    Colombia Drug Eluting Stent Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Coating Type

9.3.3.2.2.           By Application

10. Middle East and Africa Drug Eluting Stent Market Outlook

10.1.   Market Size & Forecast        

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Coating Type

10.2.2. By Application

10.3.   MEA: Country Analysis

10.3.1. South Africa Drug Eluting Stent Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Coating Type

10.3.1.2.2.         By Application

10.3.2. Saudi Arabia Drug Eluting Stent Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Coating Type

10.3.2.2.2.         By Application

10.3.3. UAE Drug Eluting Stent Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Coating Type

10.3.3.2.2.         By Application

11. Market Dynamics

11.1.   Drivers

11.2.   Challenges

12. Market Trends & Developments

12.1.   Merger & Acquisition

12.2.   Product Development

12.3.   Recent Developments

13. Global Drug Eluting Stent Market: SWOT Analysis

14. Competitive Landscape

14.1.   Business Overview

14.2.   Application Offerings

14.3.   Recent Developments

14.4.   Key Personnel

14.5.   SWOT Analysis

14.5.1. Abbott Laboratories ltd.

14.5.2. Boston Scientific Corporation

14.5.3. Terumo Corporation

14.5.4. Medtronic plc

14.5.5. Biosensors International Ltd

14.5.6. Cook Medical pvt ltd.

14.5.7. B. Braun Medical (India) Private Limited

14.5.8. Biotronik, Inc.

14.5.9. Lepu Medical Technology Inc.

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Drug Eluting Stent Market was estimated to be USD 7.09 billion in 2022.

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The Coronary Artery Disease segment demonstrated significant dominance in 2022. As the global population ages, the prevalence of Coronary Artery Disease is expected to rise. Older individuals are at a higher risk of developing Coronary Artery Disease, leading to an increased demand for Coronary Artery Disease treatments, including drug-eluting stents.

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Abbott Laboratories ltd., Boston Scientific Corporation, Terumo Corporation, Medtronic plc, Biosensors International Ltd, Cook Medical pvt ltd., B. Braun Medical (India) Private Limited, Biotronik, Inc., Lepu Medical Technology Inc. are the top players operating in the Global Drug Eluting Stent Market in 2022.

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Increasing prevalence of cardiovascular diseases and growing awareness and education are the major drivers for the Global Drug Eluting Stent Market.

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Sakshi Bajaal

Business Consultant
Press Release

Drug Eluting Stent Market to Grow with a CAGR of 8.13% through 2028

Sep, 2023

Increasing prevalence of cardiovascular diseases and growing awareness and education are factors driving the Global Drug Eluting Stent Market in the forecast period 2024-2028.

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