The US coronary stents market is projected to grow from $4.7 Bn in 2022 to $5.9 Bn by 2030, registering a CAGR of 2.75% during the forecast period of 2022-30. The US coronary stents market is driven by several factors, including the high prevalence of coronary artery disease (CAD) in the US, advances in stent technology, and increasing demand for minimally invasive procedures. The market is highly competitive, with several major players such as Abbott Laboratories, Boston Scientific Corporation, and Medtronic dominating the market. These companies invest heavily in research and development to develop innovative stent technologies that provide better outcomes for patients.
According to projections, the US Coronary Stents Market would increase from $4.7 Bn in 2022 to $5.9 Bn in 2030, exhibiting a CAGR of 2.75% from 2022 to 2030.
A significant portion of the US medical device market is made up of coronary stents. Coronary stents are minuscule mesh tubes that are put into constrictive or closed coronary arteries in order to maintain their openness and enhance blood flow to the heart muscle. Bare metal stents and drug-eluting stents are the two major varieties of coronary stents.
Some of the factors driving the US coronary stent market are:
The market is quite cutthroat, with a number of significant businesses dominating it, including Abbott Laboratories, Boston Scientific Company, and Medtronic. These businesses make significant investments in R&D to create cutting-edge stent technologies that improve patient outcomes.
Drug-eluting stents, which are coated with drugs to assist prevent restenosis (re-narrowing of the artery) after the stent is placed, has become more popular in recent years. It has been shown that drug-eluting stents lessen the need for follow-up treatments and enhance patient outcomes.
The FDA oversees the regulatory environment for coronary stents in the US and requires manufacturers to undergo clinical studies to show their stents are safe and effective before they can be authorized for use there. The FDA also keeps an eye on the security of stents after they have been authorized and has the power to order manufacturers to recall stents if security issues are discovered.
Overall, it is anticipated that the US coronary stents market would expand over the coming years, propelled by factors including rising demand for less invasive treatments and developments in stent technology.
Market Growth Drivers
The market for coronary stents in the US is very competitive, with a few key firms controlling the industry. Some of the major companies in the US market for coronary stents are:
These businesses make significant investments in R&D to create cutting-edge stent technologies that improve patient outcomes. To preserve and increase their market share, they also compete on criteria including product performance, price, and distribution tactics.
1. Report Description of the US Coronary Stents Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. US Coronary Stents Market Executive Summary
2.1 US Coronary Stents Market – Industry Snapshot & key buying criteria, 2022-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of the US Coronary Stents Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis
4. US Coronary Stents Market Segmentation
4.1 By Type
4.1.1 Bare-metal Stents
4.2.1 Drug-eluting Stents
4.3.2 Bioabsorbable Stents
4.2 By Mode of Delivery
4.2.1 Balloon-expandable Stents
4.2.2 Self-expanding Stents
4.3 By Materials
4.3.1 Metallic Stents
4.3.2 Cobalt Chromium
4.3.3 Platinum Chromium
4.3.4 Nickel Titanium
4.3.5 Stainless Steel
4.3.6 Other Stents
4.4 By End User
4.4.2 Cardiac Centers
?4.4.3 Ambulatory Surgical Centers
5. US Coronary Stents Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in the US
8.2 Regulatory Framework in the US
8.3 Pricing & Reimbursement Scenario in US Coronary Stents Market
9. Factors Driving Future Growth
9.1 New Trends and Development US Coronary Stents Market
9.2 Future Opportunities
10. Strategic Recommendations
By Type (Revenue, USD Billion):
The three main categories of coronary stents are bare-metal, drug-eluting, and bioabsorbable, depending on their nature. The segment for bioabsorbable stents is anticipated to increase at the fastest rate over the forecast period. The benefits that are encouraging the use of bioabsorbable stents include a decrease in problems including thrombosis and inflammation, the cUSity to restore normal vasomotion, and an improvement in aberrant endothelial function. However, in the upcoming years, the expansion of this market segment is anticipated to be constrained by the high cost of bioabsorbable stents.
By Mode of Delivery (Revenue, USD Billion):
The market is divided into self-expanding and balloon-expandable stents according to delivery method. Because of the high use of these stents, rising research initiatives to advance the technology, and rising regulatory approvals for balloon-expandable stents, the balloon expandable stents segment is anticipated to increase at the greatest CAGR over the projection period.
By Materials (Revenue, USD Billion):
The coronary stent market is divided into metallic (cobalt chromium, platinum chromium, nickel-titanium, and stainless steel) and other stents according to the material. The market for other stents is anticipated to experience the largest CAGR growth during the projection period. The rapid expansion of this market can be ascribed to the increased use of polymers and copolymers in the production of bioabsorbable stents.
By End User (Revenue, USD Billion):
The coronary stent market is divided into hospitals, cardiac centres, and ambulatory surgical centres based on the end user. According to predictions, the hospital sector will control the market in 2016. This is primarily caused by hospitals using a lot of coronary stents.
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