Drug Eluting Stent Market to Nearly Double to $14.98 Billion by 2031, Driven by Rising Cardiovascular Diseases

Drug Eluting Stent Market

The Drug Eluting Stent Market size was estimated at USD 7.80 billion in 2023 and is projected to reach USD 14.98 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

Key Players in the Drug Eluting Stent Market

  • Abbott Laboratories
  • Medtronic plc
  • Boston Scientific Corporation
  • Terumo Corporation
  • Biosensors International Group, Ltd.
  • Biotronik SE & Co. KG
  • MicroPort Scientific Corporation
  • Meril Life Sciences Pvt. Ltd.
  • Vascular Concepts
  • Elixir Medical Corporation

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Factors Driving the Drug Eluting Stent Market Growth

The market growth is driven by increasing prevalence of cardiovascular diseases (CVDs), advancements in stent technologies, and rising adoption of minimally invasive procedures for coronary artery disease (CAD) treatment.

Segmentation within the Drug Eluting Stent Market

By Product Type

  • Polymer-based Drug Eluting Stents
  • Polymer-free Drug Eluting Stents
  • Biodegradable Polymer Drug Eluting Stents

By Application

  • Coronary Artery Disease (CAD)
  • Peripheral Artery Disease (PAD)

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories

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Regional Insights

North America Dominates the Drug Eluting Stent Market

North America holds the largest share in the drug eluting stent market, driven by high prevalence of CAD, advanced healthcare infrastructure, and robust research and development activities. Europe and Asia-Pacific follow in market size, with increasing adoption of innovative stent technologies and rising geriatric population.

Impact of Technological Advancements and Market Trends

Technological advancements in stent designs and coatings, along with strategic collaborations among key players, are influencing market dynamics. Moreover, the shift towards biodegradable and polymer-free stents is shaping the competitive landscape and enhancing treatment outcomes.

Key Insights of the Drug Eluting Stent Market

  • Identify emerging opportunities and strategic initiatives by analyzing market trends and competitive landscape.
  • Develop targeted marketing strategies to specific segments and regional markets based on comprehensive market insights.
  • Mitigate risks associated with regulatory changes and economic fluctuations for sustainable growth.
  • Gain competitive edge through product innovation and strategic partnerships in the evolving healthcare sector.
  • Navigate evolving healthcare policies and reimbursement landscape to optimize market penetration.

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Table of Contents

  1. Introduction
  2. Research Methodology
  3. Market Dynamics
  4. Impact Analysis
  5. Value Chain Analysis
  6. Porter’s 5 Forces Model
  7. PEST Analysis
  8. Drug Eluting Stent Market Segmentation, By Product Type
  9. Drug Eluting Stent Market Segmentation, By Application
  10. Drug Eluting Stent Market Segmentation, By End User
  11. Regional Analysis
  12. Company Profile
  13. Competitive Landscape
  14. Use Cases and Best Practices
  15. Conclusion

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