"According to a new report published by Introspective Market Research, Coronary Stent Market by Product Type, Material, and End User , The Global Coronary Stent Market Size Was Valued at USD 11.93 Billion in 2023 and is Projected to Reach USD 23.07 Billion by 2032 , Growing at a CAGR of 7.60% from 2024–2032 ."

The coronary stent market plays a critical role in the treatment of coronary artery disease by restoring blood flow through narrowed or blocked arteries. Coronary stents are small, expandable mesh tubes implanted during percutaneous coronary interventions to prevent artery re-narrowing and reduce the risk of heart attacks. Compared to traditional surgical procedures such as coronary artery bypass grafting, stent-based interventions are minimally invasive, offer shorter recovery times, and lower procedural risks.

Technological advances have significantly improved stent performance, particularly with the introduction of drug-eluting stents and bioresorbable materials. These innovations enhance patient outcomes by reducing restenosis rates and long-term complications. The rising prevalence of cardiovascular diseases, aging populations, and lifestyle-related risk factors such as diabetes and obesity are major contributors to market growth.

Additionally, increasing adoption of advanced interventional cardiology procedures, improved healthcare infrastructure, and favorable reimbursement policies in developed and emerging economies are expected to further accelerate the global coronary stent market during the forecast period.

Market Segmentation

The Coronary Stent Market is segmented into Product Type, Material, and End User. By Product Type, the market is categorized into Bare-Metal Stents, Drug-Eluting Stents, and Bioresorbable Stents. By Material, the market is categorized into Metallic Stents and Polymer-Based Stents. By End User, the market is categorized into Hospitals, Cardiac Centers, and Ambulatory Surgical Centers.

Growth Driver

The primary growth driver of the coronary stent market is the rising global burden of cardiovascular diseases. Increasing incidences of coronary artery disease, driven by sedentary lifestyles, unhealthy dietary habits, smoking, and growing geriatric populations, have significantly increased the demand for interventional cardiology procedures. Drug-eluting stents, in particular, are widely preferred due to their ability to reduce restenosis and improve long-term patient outcomes. Additionally, growing awareness regarding early diagnosis and treatment, coupled with advancements in catheter-based technologies, is fueling sustained market expansion worldwide.

Market Opportunity

A key market opportunity lies in the development and commercialization of next-generation bioresorbable and polymer-free stents. These advanced stents offer improved biocompatibility, reduced long-term complications, and enhanced vessel healing compared to conventional metallic stents. Emerging markets in Asia-Pacific, Latin America, and the Middle East also present significant growth potential due to improving healthcare infrastructure, increasing healthcare expenditure, and rising access to advanced cardiac care. Strategic collaborations, R&D investments, and regulatory approvals are expected to unlock new growth avenues for market players.

Detailed Segmentation

Coronary Stent Market, Segmentation

The Coronary Stent Market is segmented on the basis of Product Type, Material, and End User.

Product Type

The Product Type segment is further classified into Bare-Metal Stents, Drug-Eluting Stents, and Bioresorbable Stents. Among these, the Drug-Eluting Stents sub-segment accounted for the highest market share in 2023. Drug-eluting stents dominate the market due to their proven effectiveness in reducing restenosis rates and minimizing repeat revascularization procedures. Continuous innovations in drug coatings and stent design have further enhanced their clinical outcomes, making them the preferred choice among interventional cardiologists globally.

Material

The Material segment is further classified into Metallic Stents and Polymer-Based Stents . Among these, the Metallic Stents sub-segment accounted for the highest market share in 2023 . Metallic stents, particularly those made from cobalt-chromium and stainless steel, offer high radial strength, durability, and reliability. Their widespread availability, established clinical efficacy, and cost-effectiveness contribute to their dominant position, especially in high-volume cardiac care settings.

Some of The Leading/Active Market Players Are-

• Abbott Laboratories (USA)
• Boston Scientific Corporation (USA)
• Medtronic plc (Ireland)
• Terumo Corporation (Japan)
• B. Braun Melsungen AG (Germany)
• Biotronik SE & Co. KG (Germany)
• MicroPort Scientific Corporation (China)
• Cook Medical (USA)
• Meril Life Sciences (India)
• Elixir Medical Corporation (USA)
• Lepu Medical Technology (China)
• CR Bard (USA)
• SMT Ltd. (India)
• Biosensors International Group (Singapore)
• OrbusNeich Medical (Hong Kong) Kong)
and other active players.

Key Industry Developments

In March 2024 , leading manufacturers introduced next-generation drug-eluting coronary stents with improved polymer coatings.
These advancements aim to enhance biocompatibility, reduce inflammation, and lower long-term thrombosis risks, improving overall patient safety and clinical outcomes.

In October 2023 , a major medical device company expanded its coronary stent manufacturing facility in Asia-Pacific.
This expansion was undertaken to meet rising regional demand, strengthen supply chains, and support growing adoption of advanced interventional cardiology procedures.

Key Findings of the Study

• Drug-eluting stents dominate the global market
• North America holds the leading regional share
• Rising cardiovascular disease prevalence drives growth
• Technological innovation remains a key market trend

More Info :- https://introspectivemarketresearch.com/reports/coronary-stent-market/

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