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Global Drug-Eluting Stents Market to reach USD 12.29 billion by the end of 2030.

Global Drug-Eluting Stents Market Size study & Forecast, by Coating (Polymer Based, Polymer Free), By Application (Coronary Artery Disease, Peripheral Artery Disease), By End-User (Hospitals, Ambulatory Surgical Centers, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-60207888
Publish Date: 1-07-2023
Page: 200

Global Drug-Eluting Stents Market is valued at approximately USD 7.37 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2023-2030. Drug-eluting stents are medical devices used in interventional cardiology to treat narrowed or blocked arteries; a condition known as coronary artery disease. They are tiny metal tubes, usually made of stainless steel or cobalt-chromium alloy, that are coated with a special medication designed to prevent the formation of scar tissue inside the artery and keep it open for blood flow. The Drug-Eluting Stents market is expanding because of factors such as increasing prevalence of cardiovascular disease and rise in geriatric population. The development of DES has revolutionized the treatment of coronary artery disease by reducing the risk of re-narrowing the artery, known as restenosis, which was a common problem with bare-metal stents. Its prevalence has progressively increased during the last few decades.

According to the American Heart Association, Cardiovascular disease remains the leading cause of death in the United States, accounting for 928,741 deaths in the year 2020. Furthermore, in 2020 in the United States, coronary heart disease was the leading cause of death around 41.2% attributable to CVD in the United States, followed by stroke at 17.3%, and other cardiovascular diseases at 16.8%. Another important component driving space is rise in geriatric population. As geriatric and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world’s old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. In addition, in May 2022, Biosensors International Group launched BioFreedom Ultra. It is a new polymer and carrier-free drug-coated stent using Biosensors’ patented limus medication Biolimus A9. It is a highly lipophilic anti-restenotic medication developed by Biosensors intended for coronary vascular applications. BioFreedom Ultra additionally includes 84m thin Cobalt Chromium (Co/Cr) struts. Also, advancements in the formulation of drug-eluting stents and increasing demand for biodegradable polymer-based drug eluting scaffolds would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Drug-Eluting Stents stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Drug-Eluting Stents Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players and rising technological advancement in health examination devices. According to Statista, in 2021, the number of cardiovascular surgeries in North America accounts for 202907 Coronary Artery Bypass Graft Procedures, and 258139 Isolated Valve Procedures. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric populations, and active participation of government organizations in the market space.

Major market players included in this report are:
Boston Scientific Corporation,
Medtronic plc
Abbott Laboratories,
Biosensors International Group,
AlviMedica Medical Technologies Inc.,
Amaranth Medical, Inc.,
HangZhou HuaAn Biotechnology Co., Ltd,
XTENT, Inc.,
Cardionovum GmbH,
Kyoto Medical Planning Co., Ltd.

Recent Developments in the Market:
Ø In February 2023, Medtronic plc acquired the CE Mark for the Aurora EV-ICDTM MRI SureScanTM and Epsila EVTM MRI SureScanTM defibrillation leads for the treatment of extremely fast heartbeats that can lead to sudden cardiac arrest. Because its lead (thin wire) is located outside the heart and veins, the Aurora EV-ICD system provides the life-saving benefits of regular ICDs while avoiding certain hazards.

Global Drug-Eluting Stents Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Coating, Application, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Coating
Polymer Based
Polymer Free

By Application
Coronary Artery Disease
Peripheral Artery Disease

By End-User
Hospitals
Ambulatory Surgical Centers
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Drug-Eluting Stents Market, by Region, 2020-2030 (USD Billion)
1.2.2. Drug-Eluting Stents Market, by Coating, 2020-2030 (USD Billion)
1.2.3. Drug-Eluting Stents Market, by Application, 2020-2030 (USD Billion)
1.2.4. Drug-Eluting Stents Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Drug-Eluting Stents Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Drug-Eluting Stents Market Dynamics
3.1. Drug-Eluting Stents Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing prevalence of cardiovascular disease
3.1.1.2. Rise in Geriatric Population
3.1.2. Market Challenges
3.1.2.1. High Cost of Drug-Eluting Stents
3.1.3. Market Opportunities
3.1.3.1. Advancements in Formulation of Drug-Eluting Stents
3.1.3.2. Increasing demand for biodegradable polymer-based drug eluting scaffolds
Chapter 4. Global Drug-Eluting Stents Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Drug-Eluting Stents Market, by Coating
5.1. Market Snapshot
5.2. Global Drug-Eluting Stents Market by Coating, Performance – Potential Analysis
5.3. Global Drug-Eluting Stents Market Estimates & Forecasts by Coating 2020-2030 (USD Billion)
5.4. Drug-Eluting Stents Market, Sub Segment Analysis
5.4.1. Polymer Based
5.4.2. Polymer Free
Chapter 6. Global Drug-Eluting Stents Market, by Application
6.1. Market Snapshot
6.2. Global Drug-Eluting Stents Market by Application, Performance – Potential Analysis
6.3. Global Drug-Eluting Stents Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Drug-Eluting Stents Market, Sub Segment Analysis
6.4.1. Coronary Artery Disease
6.4.2. Peripheral Artery Disease
Chapter 7. Global Drug-Eluting Stents Market, by End-User
7.1. Market Snapshot
7.2. Global Drug-Eluting Stents Market by End-User, Performance – Potential Analysis
7.3. Global Drug-Eluting Stents Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
7.4. Drug-Eluting Stents Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Ambulatory Surgical Centres
7.4.3. Others
Chapter 8. Global Drug-Eluting Stents Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Drug-Eluting Stents Market, Regional Market Snapshot
8.4. North America Drug-Eluting Stents Market
8.4.1. U.S. Drug-Eluting Stents Market
8.4.1.1. Coating breakdown estimates & forecasts, 2020-2030
8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
8.4.1.3. End-User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Drug-Eluting Stents Market
8.5. Europe Drug-Eluting Stents Market Snapshot
8.5.1. U.K. Drug-Eluting Stents Market
8.5.2. Germany Drug-Eluting Stents Market
8.5.3. France Drug-Eluting Stents Market
8.5.4. Spain Drug-Eluting Stents Market
8.5.5. Italy Drug-Eluting Stents Market
8.5.6. Rest of Europe Drug-Eluting Stents Market
8.6. Asia-Pacific Drug-Eluting Stents Market Snapshot
8.6.1. China Drug-Eluting Stents Market
8.6.2. India Drug-Eluting Stents Market
8.6.3. Japan Drug-Eluting Stents Market
8.6.4. Australia Drug-Eluting Stents Market
8.6.5. South Korea Drug-Eluting Stents Market
8.6.6. Rest of Asia Pacific Drug-Eluting Stents Market
8.7. Latin America Drug-Eluting Stents Market Snapshot
8.7.1. Brazil Drug-Eluting Stents Market
8.7.2. Mexico Drug-Eluting Stents Market
8.8. Middle East & Africa Drug-Eluting Stents Market
8.8.1. Saudi Arabia Drug-Eluting Stents Market
8.8.2. South Africa Drug-Eluting Stents Market
8.8.3. Rest of Middle East & Africa Drug-Eluting Stents Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Boston Scientific Corporation
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Medtronic plc
9.3.3. Abbott Laboratories
9.3.4. Biosensors International Group
9.3.5. AlviMedica Medical Technologies Inc.
9.3.6. Amaranth Medical, Inc.
9.3.7. HangZhou HuaAn Biotechnology Co., Ltd
9.3.8. XTENT, Inc.
9.3.9. Cardionovum GmbH
9.3.10. Kyoto Medical Planning Co., Ltd.

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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