According to FutureWise analysis the market for coronary stent in 2023 is US$ 9.43 billion, and is expected to reach US$ 12.44 billion by 2031 at a CAGR of 3.52%.
Expandable tubular metallic implants known as coronary stents (CS) are inserted inside coronary arteries with stenosis due to atherosclerosis. This revascularization procedure is referred to as percutaneous coronary intervention (PCI) or coronary angioplasty with stent placement (CASP). The shape, structure, and material composition of coronary stents have all altered since the 1980s when the first ones were developed. Prior to the development of stents, the mainstay of myocardial revascularization was balloon angioplasty, which involved inserting a catheter with an inflating balloon tip into the coronary arteries. The atherosclerotic plaque was crushed against the vascular wall, and blood flow to the heart was restored once the balloon was inflated once it had reached the coronaries. After deflating, the balloon was taken away. Abrupt arterial thrombosis, coronary artery dissection, abrupt vascular closure brought on by arterial recoil, and restenosis brought on by neointimal hyperplasia are only a few of the harmful side effects of this medication.
Coronary stents have abolished vascular recoil and coronary dissection by inhibiting negative remodelling and having an expandable metallic meshwork. A growing geriatric population, an increase in demand for minimally invasive procedures, an increase in the frequency of coronary artery disorders, and the development of new technologies pertinent to this industry are projected to drive the market for coronary stents.
FutureWise Market Research has published a report that provides an insightful analysis of Coronary Stent market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the Coronary Stent market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.