Drug Eluting Stents Market By Product (Polymer-Based, Polymer-Free), By Application (Coronary Diseases, Peripheral Vascular Diseases), By End-User (Hospitals, Ambulatory Surgical Centers, Cardiology Centers), & Region For 2024-2031
Report ID: 39838|No. of Pages: 202
Drug Eluting Stents Market By Product (Polymer-Based, Polymer-Free), By Application (Coronary Diseases, Peripheral Vascular Diseases), By End-User (Hospitals, Ambulatory Surgical Centers, Cardiology Centers), & Region For 2024-2031
Drug Eluting Stents Market Valuation – 2024-2031
The rapidly expanding healthcare practitioners increasingly use these sophisticated devices to treat coronary artery disease. Drug-eluting stents are meant to gently release medication, preventing the re-narrowing of arteries and improving patient outcomes. According to the analyst from Verified Market Research, the drug-eluting stents market is estimated to reach a valuation of USD 14.14 Billion over the forecast subjugating around USD 6.27 valued in 2023.
The rising incidence of cardiovascular illnesses, combined with advances in stent technology, is driving the market for drug-eluting stents. As the healthcare sector concentrates on patient-centered approaches and avoiding consequences, these stents play a critical role in enhancing treatment efficacy. It enables the market to grow at a CAGR of 10.71% from 2024 to 2031.
>>> Get | Download Sample Report @ –https://www.verifiedmarketresearch.com/download-sample/?rid=39838
Drug Eluting Stents Market: Definition/ Overview
Drug-eluting stents (DES) are specialized medical devices that treat constricted or obstructed coronary arteries. These stents are placed during percutaneous coronary intervention (PCI) operations and are coated with medication that is gradually released to prevent restenosis or re-narrowing of the artery. DES, unlike typical bare-metal stents, greatly lowers the risk of problems, leading to better patient outcomes and long-term success rates.
Drug-eluting stent design and technology have advanced significantly, using a variety of medicines and polymers to improve drug release patterns and biocompatibility. DES is routinely used in patients with coronary artery disease, and its popularity has grown due to its efficacy in lowering the need for recurrent procedures. As current research continues to investigate new drug formulations and stent designs, drug-eluting stents remain a critical invention in the field of interventional cardiology, improving treatment choices for patients with cardiovascular disorders.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=39838
How Does the Rising Prevalence of Coronary Artery Disease (CAD) Contribute to the Growth of the Drug-Eluting Stents Market?
The rising prevalence of coronary artery disease (CAD) significantly contributes to the growth of the drug-eluting stents market by increasing the demand for advanced treatment options. As more people develop CAD due to factors like unhealthy lifestyles, aging populations, and rising obesity rates, there’s a greater need for effective interventions to manage the condition. Drug-eluting stents, which release medication to prevent artery re-narrowing, have become a preferred choice for many patients and healthcare providers due to their improved outcomes compared to bare-metal stents.
Furthermore, the growing awareness of CAD and improvements in diagnostic technologies have led to earlier detection of the disease. This trend results in a larger patient pool eligible for stent procedures, further driving the market growth. As healthcare systems worldwide focus on reducing the burden of cardiovascular diseases, the adoption of drug-eluting stents as a minimally invasive treatment option continues to rise, stimulating research and development in this field and expanding the market for these innovative medical devices.
What Regulatory Challenges Do Manufacturers Face When Seeking Approval for New Drug-Eluting Stents?
Manufacturers seeking approval for new drug-eluting stents (DES) face significant regulatory challenges. Regulatory bodies demand extensive clinical data to demonstrate the safety and efficacy of new DES designs. The U.S. Food and Drug Administration (FDA) reported that the average time for DES approval increased by 18% between 2019 and 2023 due to more rigorous safety evaluations. This extended approval process requires manufacturers to conduct larger and longer clinical trials, significantly increasing development costs and time-to-market.
DES is classified as a combination product, incorporating both a medical device (the stent) and a drug component. This dual nature subjects them to regulations for both pharmaceuticals and medical devices. According to the European Medicines Agency (EMA), 35% of combination product submissions in 2023 required additional data or clarifications due to the complexity of meeting both sets of regulatory requirements. Manufacturers must navigate this intricate regulatory landscape, ensuring compliance with diverse and sometimes overlapping standards for both the device and drug components of their DES products.
Category-Wise Acumens
How the Controlled and Sustained Drug Surge the Growth of Polymer-based Segment?
Polymer-based segment dominates the drug-eluting stents market. Polymer coatings on drug-eluting stents allow for more controlled and sustained drug release. The polymer acts as a reservoir for the drug, enabling a gradual and consistent elution over an extended period. This controlled release helps maintain therapeutic drug levels in the surrounding tissue for weeks or months after stent implantation. Studies have shown that polymer-based stents can achieve drug release durations of up to 90 days or more, compared to the more rapid release seen with polymer-free stents. This prolonged drug delivery is crucial for inhibiting restenosis and promoting proper vessel healing.
Furthermore, polymer coatings provide greater flexibility in drug loading and stent design. The polymer matrix can be engineered to accommodate higher drug concentrations and multiple drug types, allowing for more tailored therapeutic approaches. This flexibility enables manufacturers to optimize drug dosage and release kinetics for specific clinical needs. Additionally, the polymer coating can improve the stent’s overall mechanical properties, enhancing its deliverability and conformability to vessel anatomy. This can lead to easier implantation procedures and potentially better clinical outcomes.
How the Increasing Demand for Drug Eluting Stents Surge the Growth of Hospital Segment?
The hospital segment dominates in the drug-eluting stents market owing to the growing demand for drug-eluting stents (DES) and is closely tied to the rising use of hospitals, which serve as comprehensive healthcare hubs and play a vital role in adopting advanced medical technologies. As cardiovascular illness becomes more prevalent, hospitals are performing an increasing number of complex cardiac surgeries, often requiring DES for optimal patient outcomes. The rising patient population and the need for high-quality care in hospital settings are driving demand for improved therapeutic approaches like DES, which offer long-term benefits in managing conditions like coronary artery disease. Additionally, hospitals’ advanced infrastructure and skilled healthcare professionals facilitate the effective use of DES, providing efficient and successful treatments for patients.
Moreover, hospitals are equipped to deliver a broad range of specialized services, including interventional cardiology procedures that utilize drug-eluting stents to prevent restenosis and promote artery health. The focus on minimally invasive procedures, which support faster recovery and reduce complications, further fuels the adoption of DES in hospital settings. Increasing awareness among healthcare practitioners and patients regarding the benefits of DES in sustaining long-term arterial health is also driving usage in hospitals. With their complete healthcare ecosystem, hospitals can offer enhanced diagnostic capabilities and a wider range of treatment options, creating a supportive environment for the growth of the drug-eluting stents market.
Gain Access to Drug Eluting Stents Market Report Methodology
https://www.verifiedmarketresearch.com/select-licence/?rid=39838
Country/Region-wise Acumens
How Does the Healthcare Infrastructure in North America Influence the Adoption of Drug-Eluting Stents?
North America dominates in the drug-eluting stents (DES) market. The healthcare infrastructure in North America significantly influences the adoption of drug-eluting stents (DES). The advanced medical technology and well-equipped cardiac catheterization laboratories in North American hospitals facilitate the widespread use of DES. The region boasts a high concentration of tertiary care centers and specialized cardiac facilities with state-of-the-art imaging systems and interventional tools. This technological readiness allows for complex percutaneous coronary interventions (PCI) using DES, even in challenging cases. According to the American Heart Association, there were over 1 million PCI procedures performed in the U.S. in 2019, with DES used in the majority of these interventions. The availability of skilled interventional cardiologists and support staff further enhances the adoption and successful implementation of DES procedures.
Furthermore, the robust health insurance systems and reimbursement policies in North America support the use of DES. Despite their higher initial cost compared to bare-metal stents, DES are often covered by both public and private insurance plans due to their proven long-term clinical and economic benefits. The Centers for Medicare & Medicaid Services (CMS) in the United States provides reimbursement for DES procedures, making them accessible to a large portion of the population. This financial support, combined with evidence-based guidelines from professional organizations like the American College of Cardiology, encourages hospitals and physicians to adopt DES as a standard of care for eligible patients with coronary artery disease.
How does the High Healthcare Expenditure Accelerate the Growth of the Drug Fluting Stents Market in Asia Pacific?
The growing healthcare expenditure across the Asia-Pacific region is significantly boosting the drug-eluting stents (DES) market. Countries like China, India, and Japan are seeing improved healthcare infrastructure and greater access to innovative medical technologies due to increased spending from both government and private sectors. This funding enables hospitals and clinics to invest in essential equipment and train healthcare personnel, facilitating the adoption of advanced treatments such as DES for coronary artery disease.
Additionally, the rising middle class and greater health awareness are fueling demand for modern medical interventions. As disposable incomes grow, more individuals can afford high-quality healthcare, leading to an increase in elective procedures like DES. Public health campaigns and educational initiatives on cardiovascular disease (CVD) and its treatment options encourage patients to seek advanced therapies like DES, reflecting a social shift toward prioritizing health and wellness.
The prevalence of CVD is also rising in Asia-Pacific, driven by urbanization, lifestyle shifts, and an aging population. As CVD rates climb, the demand for effective treatments like DES, which helps prevent arterial blockage, becomes critical. Increased healthcare investments are modernizing infrastructure and facilitating access to DES, ultimately improving patient outcomes and reducing long-term healthcare costs.
Competitive Landscape
The competitive landscape of the Drug-Eluting Stents Market is characterized by continuous innovation, strategic partnerships, and a focus on improving patient outcomes. Companies are investing in advanced technologies and research to enhance product efficacy and gain a competitive edge in various regions.
Some of the prominent players operating in the drug-eluting stents market include:
DetailsBoston Scientific Corporation, MicroPort Scientific Corporation, Terumo Corporation, Biosensors International Group Ltd., Abbott, Medtronic, Biotronik, Medinol Ltd., Coo, STENTYS SA.
Drug-Eluting Stents Latest Developments
- In October 2024, Boston Scientific Corporation announced the launch of its next-generation biodegradable polymer drug-eluting stent, the SYNERGY XD. The new stent features improved deliverability and a novel drug coating designed to reduce inflammation, potentially lowering the risk of late stent thrombosis.
- In September 2024, Medtronic plc received FDA approval for its AI-powered Resolute Onyx 2.0 drug-eluting stent system. The new platform incorporates machine learning algorithms to optimize stent placement and drug elution based on individual patient characteristics.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2031 |
| Growth Rate | CAGR of ~10.71% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2020-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | DetailsBoston Scientific Corporation, MicroPort Scientific Corporation, Terumo Corporation, Biosensors International Group Ltd., Abbott, Medtronic, Biotronik, Medinol Ltd., Coo, STENTYS SA. |
| Customization | Report customization along with purchase available upon request |
Drug Eluting Stents Market, By Category
Product:
- Polymer-Based
- Polymer-Free
Application:
- Coronary Diseases
- Peripheral Vascular Diseases
End-User:
- Hospitals
- Ambulatory Surgical Centers
- Cardiology Centers
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL DRUG-ELUTING STENTS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL DRUG-ELUTING STENTS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL DRUG-ELUTING STENTS MARKET, BY PRODUCT
5.1 Overview
5.2 Polymer-based
5.3 Polymer-free
5.4 Others
6 GLOBAL DRUG-ELUTING STENTS MARKET, BY APPLIC ACTION
6.1 Overview
6.2 Coronary Disease
6.3 Peripheral Vascular disease
7 GLOBAL DRUG-ELUTING STENTS MARKET, BY END-USER
7.1 Overview
7.2 Hospitals
7.3 Ambulatory Surgical Centers
7.4 Cardiology Centers
7.5 Others
8 GLOBAL DRUG-ELUTING STENTS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 the Middle East and Africa
9 GLOBAL DRUG-ELUTING STENTS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILE
10.1 Boston Scientific Corporation
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 MicroPort Scientific Corporation
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Terumo Corporation
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Biosensor International Group Ltd.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Abbott
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Medtronic
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Biotronik
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Medinol Ltd.
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Cook
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 STENTYS
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
12 Appendix
12.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
