Coronary Stent Market size was valued at USD 9.77 billion in 2024 and is expected to reach USD 14.71 billion by 2037, registering around 3.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of coronary stent is assessed at USD 10.04 billion.
The growth of the market can be attributed to increasing cases of heart strokes. The coronary stents are used to treat narrowed coronary arteries to reduce muscle damage during a heart attack by restoring blood flow to the heart. Furthermore, the data released by the World Health Organization (WHO) states that 17.9 million people die each year from cardiovascular diseases. The global market is expected to witness growth during the forecast period owing to an aggressively increasing number of patients suffering from cardiovascular diseases. Moreover, the application of coronary stents is considered to be a safe procedure. The report published by the Harvard College states that an estimated two million people get coronary artery stents every year. Hence, on the back of an increasing number of people requiring coronary stents procedure, the market is projected to witness promising growth during the forecast period. Apart from this, governments all over the world are allotting humungous budgets to upgrade the healthcare infrastructure. The data published by The World Bank states that in 2019, 9.84% of the world’s GDP is allotted for health expenditure. The widening government initiatives are further estimated to foster the growth of the market during the forecast period.
Growth Drivers
Surging Cases of Cardiovascular Diseases
Challenges
High Cost of the Procedures
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.2% |
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Base Year Market Size (2024) |
USD 9.77 billion |
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Forecast Year Market Size (2037) |
USD 14.71 billion |
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Regional Scope |
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The coronary stent market is segmented by end-user into hospitals, specialty clinics, and ambulatory surgical centers. Out of which, the hospital segment is anticipated to hold the largest share in the market on account of the increasing number of patients with heart diseases in the hospitals. As heart diseases are soaring, more heart patients are getting admitted to the hospital in order to seek treatment. Owing to this, the hospital sub-segment is projected to accumulate the largest share in the market during the forecast period.
Our in-depth analysis of the global market includes the following segments:
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Stent Type |
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Deployment |
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End-User |
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Regionally, the coronary stent market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America industry is set to dominate majority revenue share by 2037, on the back of presence of trailblazing healthcare infrastructure. Furthermore, the report published by American Medical Association states that the USA has allotted a USD 4.1 trillion health budget in the year 2020. The enormous health investment in the region is estimated to render lucrative opportunities for the growth of the global market during the forecast period. Moreover, the prevailing cases of heart attacks in the region are also estimated to act as a catalyst to boost market growth. According to the report published by the Centers for Diseases Control and Prevention, 1 person dies every thirty-six seconds in the USA from cardiovascular diseases.
The market is also estimated to exhibit significant growth in the Asia Pacific region, owing to the presence of a large number of patients in the region. Countries such as India and China are extremely populous where health awareness is rising amongst the people. Additionally, rising investment in revamping healthcare infrastructure is also expected to uplift the global market growth during the forecast period.
June 15, 2021: Abbott launches a new device in India for the treatment of newborns with a lethal opening in their hearts.
Author Credits: Radhika Pawar
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