Akshay Chavhan The global market size for Coronary Stents market attained a value of USD 8.30 Billion in 2018 and is anticipated to achieve USD 15.37 Billion by 2026, reflecting a Compound Annual Growth Rate (CAGR) of 7.9%. Coronary stents are intricate devices, resembling small mesh tubes, employed to uphold open passages in the body, particularly weakened or narrow arteries. Positioned within the coronary arteries that supply blood to the heart, these tiny tube-shaped devices effectively keep arteries open during the treatment of coronary heart diseases. They serve as expandable tubes essential for addressing narrowed or weakened arteries throughout the body.
In cases of Coronary Artery Disease (CAD), coronary stents play a pivotal role in opening narrowed arteries, alleviating symptoms like chest pains (angina), and contributing to the treatment of heart attacks. The fundamental purpose of coronary stents is to restore adequate blood flow to the heart. Presently, these stents are integral to almost all Percutaneous Coronary Intervention (PCI) procedures. They not only alleviate chest pains but also exhibit a proven track record of enhancing survival rates and diminishing adverse events in acute myocardial infarction cases. The coronary stents market continues to grow, driven by ongoing advancements and the introduction of novel products.
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Companies considered and profiled in this market
- Boston Scientific Corporation,
- Medtronic Plc,
- Abbott Laboratories,
- B. Braun Melsungen AG,
- Vascular Concepts,
- Stentys SA,
- Biosensors International Group Ltd
- Orbus Neich
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Key Takeaways for the Coronary Stents Market:
- Market Valuation: The global Coronary Stents market was valued at USD 8.30 Billion in 2018 and is anticipated to reach USD 15.37 Billion by 2026, exhibiting a CAGR of 7.9%.
- Definition and Functionality: Coronary stents are small mesh tube devices designed to maintain the openness of weakened or narrow arteries in the body. Placed in the coronary arteries, they ensure blood flow to the heart, primarily used in the treatment of coronary heart diseases.
- Percutaneous Coronary Intervention (PCI): Coronary stents play a crucial role in almost all Percutaneous Coronary Intervention procedures, helping open narrowed arteries and alleviating symptoms such as angina (chest pains) in patients with Coronary Artery Disease (CAD).
- Health Benefits: These stents aid in restoring adequate blood flow to the heart, contributing to symptom relief and improving survival rates while reducing adverse events in cases of acute myocardial infarction.
- Continuous Market Growth: The Coronary Stents market is continuously growing, driven by ongoing advancements and the introduction of new products, such as the Dual Therapy Stent designed to reduce arterial re-narrowing and promote artery healing.
- Scope for Product Development: The market exhibits significant potential for product development, with advancements and launches offering opportunities for innovation and improved patient outcomes.
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Coronary stents market: growth drivers, and regional analysis