Global Coronary Stents Market Is Estimated To Witness High Growth Owing To Technological Advancements
The Coronary Stents Market is estimated to be valued at US$ 1,303.5 Mn in 2023 and is expected to exhibit a CAGR of 13.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Coronary stents are small mesh-like tubes that are used to treat blocked or narrow coronary arteries. These stents are used in interventional cardiology procedures to restore blood flow to the heart muscle and prevent heart attacks. The market offers different types of stents such as bare metal stents, drug-eluting stents, and bioresorbable stents. The use of coronary stents has revolutionized the treatment of cardiovascular diseases, providing patients with a minimally invasive alternative to traditional bypass surgery.
Market Dynamics:
The global coronary stents market is driven by technological advancements in stent design and materials, which have improved the safety and effectiveness of these devices. Additionally, the increasing prevalence of cardiovascular diseases, such as coronary artery disease, is fueling the demand for coronary stents. The growing geriatric population and lifestyle changes, including sedentary lifestyles and unhealthy diets, are contributing to the rising incidence of heart diseases. Moreover, the development of bioresorbable stents and the introduction of innovative drug-eluting stent technologies are expected to further drive market growth.
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