Drug Eluting Stents Market - Comprehensive Study Report & Recent Trends 2024-2032

Drug Eluting Stents Market Synopsis:

Drug Eluting Stents Market Size Was Valued at USD 7.80 Billion in 2023, and is Projected to Reach USD 16.13 Billion by 2032, Growing at a CAGR of 8.40% From 2024-2032.

The market under consideration is the DES market, which encompasses the companies engaged in designing, producing, and selling the drug-eluting stents – the devices coated with medication to be gradually released and prevent the re-stenosis of angioplasty-treated arteries. These stents are developed to offer long term support to vessels and therapeutically deliver agents that suppress cell division and inflammation to decrease chance of restenosis (re blocking of the artery). Some of the factors that are stimulating the market include; rising incidences of coronary artery diseases, innovations in stent products, and rise in demands of less invasive procedures. For this reason, enabling DES market continuous innovations and the introduction of new drug formulations are important in improving patient results in cardiovascular interventions.

The Global drug eluting stents (DES) market has been rising significantly in the recent past through the developments in medical technology and the growing rate of CAD. Drug-eluting stents are relatively new tools in the treatment of PCIs which are intended to decrease the chance of restenosis by releasing medication that prevents cell growth at a controlled rate. Thus, the main drivers of the demand for DES are geriatric populace, the prevalent lifestyle disorders including obesity and diabetes, and an increasing knowledge of cardiovascular disorders. With more health care facilities worldwide focusing on delivering better patient outcomes, the demand for DES is on the rise giving a firm ground to market an exponential growth.

Also, improvements in stent technology and the development of new drug elution formulations have made DES more effective; popular among physicians. Companies are investing efforts in the development of new stent technology to develop the third generation of stents that have better compatibility with tissues, the base for platelet deposition and newer systems for better placement of stents. Also, the relationships between manufacturers and the healthcare organizations are growing more active to support future clinical trials and immediate implementation of modern stent products. Accounted for by the growing HC expenditures and a higher prevalence rate in developing countries specifically from Asia-Pacific & Latin America region.

The favourable green light from regulatory authorities to new products and friendly reimbursement policies are also likely to drive the market growth. However, there are complications that include high costs to the patients when receiving drug eluting stents and other complications may hamper the progress of the market. Nevertheless, the drug-eluting stents market’s general trend seems to be promising, with persistent technology advances and the increasing emphasis on personal medicine offering the foundation for the market’s future development. While caregivers continue to work toward improving the process and performance of treating related diseases, the market for drug eluting stent is to uneven throughout the years to come.

Drug Eluting Stents Market Trend Analysis:

Increasing Adoption of Biodegradable Polymer-Based Stents and Advancements in Drug-Release Mechanisms

• Another trend that continues to drive the DES market is the shifting from the use of permanent polymer-based stents to bioabsorbable polymer stent due to their relatively low long-term impacts. Temporary polymerize stents are those which disintegrate after sometime naturally, which again minimizes two burning problems, namely, late thrombosis and restenosis which are inevitable complications in case of coronary artery diseases. It also enables the artery to heal quite naturally after the drug release post stent deployment hence prolonging the Dual Antiplatelet Therapy and may enhance patient prognosis. Once again; the fact that they can offer patients some form of support as they wait for their bodies to heal on their own makes them a choice among interventional cardiologists.
• Moreover, that is why the evolution of the drug release profile in the context of drug eluting stents is being so impactful to patients. New generation stents are developed to provide better drug delivery and avoid the problems of intimal hyperplasia and inflammation by allowing fast endothelialization on the surface of blood vessels. These new generations of stents continue to have thinner strut thickness as well as improved drug elution, to overall, improve outcomes, minimize complications. For this reason, such innovations are ensuring better clinical results hence making DES even more appealing to patients and the overall health facilities.

Growing Cardiovascular Disease Prevalence and Expanding Opportunities in Emerging Markets Fuel DES Market Growth

• Coronary artery diseases (CAD) seen as the leading cause of cardiovascular diseases, is the main factor that has fostered the Market for Drug-Eluting Stents (DES) in the developed as well as developing world. Physical inactivity and poor diet have been found to be among the main causes of the rise in heart related diseases all over the world. This has led to increased need of sophisticated interventional cardiology procedures like DES needed for tackling blocked or narrowed arteries. Thus, the increasing usage of minimally invasive ways to treatment increases the overall demand for drug eluting stents as well. This is because elderly people who constitute the largest populations are at high risk of cardiovascular diseases and thus are likely to benefit from DES.
• Several opportunities are visible on the global DES market and the leading one is geographical with Asia-Pacific and Latin America being newly-emerging markets. These regions are experiencing growing healthcare cost result of economic development and development of health infrastructure. These governments and health-care systems are increasing their effort for increasing the quantity as well as improving the quality of the health-care service being delivered across these regions. Also, demand for early diagnosis and treatment of CVD in these regions also augments the prospects of adoptation of DES. Consequently, the manufacturers are shifting their stakes to these zones in order to benefit from growing public enthusiasm in efficient and less invasive procedures.

Drug Eluting Stents Market Segment Analysis:

Drug Eluting Stents Market is Segmented on the basis of Coating Type, Application, and Region

By Coating Type, Polymer-based Coating (Biodegradable Polymers) segment is expected to dominate the market during the forecast period

• There has been increasing interest in biodegradable polymers in the medical field because they degrade naturally over time and can now be used in a number of applications especially in vascular interventions. Examples of PLA and PCL are normally employed nowadays as temporary scaffolds for a medical device with a gradual release of a therapeutic compound. This controlled release is well applied in drug eluting stent whose major aim is to reduce the rate of restenosis events, or re-narrowing of blood vessels after angioplasty. Through the sustained release of anti-proliferative agents at the site, biodegradable coatings also lows the likelihood of inflammation or thrombotic complications.
• The uses of biodegradable polymers are not constricted to the therapy process; the presented devices can be removed without surgery after the therapy process. When such coatings wear off, the end device is one that forms a better interface with the surrounding tissue, a development that minimizes the interaction with body tissue and reduces comfort to the patient. This characteristic greatly reduces the danger of implant therapy that is inherent in the use of long-term implants, which is significantly more suitable for the patient compared to other methods of treating the disease. In a nutshell, the use of biodegradable polymer coatings in medical device helps enhance effectiveness of the devices in delivering their purposes while at the same time improving general health of the patient by making the healing process fast and easier.

By Application, Coronary Artery Disease segment expected to held the largest share

• Specifically, in the case of coronary artery disease, coatings are tremendously important because their purpose is to optimize the functioning and reliability of delivery devices, such as coronary stents and balloon catheters. CAD is caused by the slow buildup of fatty deposits in the inner walls of the coronary arteries increasing the risk of heart attacks. Preventing such complications is important so coatings used in stents are deliberately designed to release an agent that interferes with cell division and lessens inflammation. Of equal significance is the ability to deliver the drug selectively to the site of the lesion or the intervention site to minimalized restenosis or, the re-narrowing of the arteries. Depending on the rate of drug release, biocompatibility of the material, and the period of therapeutic effect, the choice between polymer-based and polymer-free coatings is made. Such factors help to generate coatings that can meet the clinical effectiveness and safety for patients to enhance the desired outcome.
• CAD treatments can especially benefit from biodegradable polymer coatings, because such coatings are meant to release their therapeutic agents over time. The mentioned gradual degradation not only ensures the timely drug release and distribution but also also addresses the problem of late stent thrombosis – when long-lasting coatings become a source of complications. The given property of biodegradable polymers allows dissolving of these materials after completion of their function that in turn decreases inflammatory responses and increases tissue incorporation. With research and technology at an ever-growing pace, modern coating technologies are finding new ways to enhance effective CAD treatment, providing new innovative solutions that address short-term and long-term problems of coronary interventions. These advances underpin the significance of the right coating to improve functionality and safety of the medical tools in addressing CAD.

Drug Eluting Stents Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is a well-developed market for the DES market in terms of healthcare facilities, especially in terms of cardiology treatments, owing to the high CVD incidences. The United States is mostly present in the region due to the steady advancement in stent products that aims to improve patient’s status and minimize adverse effects. In addition, there are proper reimbursement polices, and accessible healthcare contribute to the high utilization of DES, especially for CADs diseases. Also, the increasing prevalence of life styles diseases such as obesity and diabetes have increased the population of people with CVDs, especially the elderly, and therefore the usage of such stents in both prophylactic and therapeutic ways have also seen a boost.
• Like in the case of the US, there is a gradual growth of the market for DES in Canada but, however, with a significantly lower share. This growth is due to the high prevalence of CVDs, the growth in healthcare expenditure by governments and a betterment in healthcare facilities. While the growth is not as fast as in the US, the Canadian market is actively developing with increased attention to updating methods of treatment and increasing the availability of such innovative devices as DES. But on the same note, regulatory requirements, and slow approval processes compared to the United States can be as restraints for faster growth of the market in Canada.

Active Key Players in the Drug Eluting Stents Market:

• Abbott Laboratories
• Boston Scientific Corporation
• Terumo Corporation
• Medtronic plc
• Biosensors International
• Cook Medical
• B. Braun
• Biotronik
• Lepu Medical Technology
• Other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Drug Eluting Stents Market by Coating Type
 4.1 Drug Eluting Stents Market Snapshot and Growth Engine
 4.2 Drug Eluting Stents Market Overview
 4.3 Polymer-based Coating and Polymer-free Coating
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Polymer-based Coating and Polymer-free Coating: Geographic Segmentation Analysis

Chapter 5: Drug Eluting Stents Market by Application
 5.1 Drug Eluting Stents Market Snapshot and Growth Engine
 5.2 Drug Eluting Stents Market Overview
 5.3 coronary artery disease and Peripheral Artery Disease
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 coronary artery disease and Peripheral Artery Disease: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Drug Eluting Stents Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions  
 6.2 ABBOTT LABORATORIES
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 BOSTON SCIENTIFIC CORPORATION
 6.4 TERUMO CORPORATION
 6.5 MEDTRONIC
 6.6 BIOSENSORS INTERNATIONAL
 6.7 COOK MEDICAL
 6.8 B. BRAUN
 6.9 BIOTRONIK
 6.10 LEPU MEDICAL TECHNOLOGY
 6.11 OTHER ACTIVE PLAYERS

Chapter 7: Global Drug Eluting Stents Market By Region
 7.1 Overview
 7.2. North America Drug Eluting Stents Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Coating Type
  7.2.4.1 Polymer-based Coating and Polymer-free Coating
  7.2.5 Historic and Forecasted Market Size By Application
  7.2.5.1 coronary artery disease and Peripheral Artery Disease
  7.2.6 Historic and Forecast Market Size by Country
  7.2.6.1 US
  7.2.6.2 Canada
  7.2.6.3 Mexico
 7.3. Eastern Europe Drug Eluting Stents Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Coating Type
  7.3.4.1 Polymer-based Coating and Polymer-free Coating
  7.3.5 Historic and Forecasted Market Size By Application
  7.3.5.1 coronary artery disease and Peripheral Artery Disease
  7.3.6 Historic and Forecast Market Size by Country
  7.3.6.1 Russia
  7.3.6.2 Bulgaria
  7.3.6.3 The Czech Republic
  7.3.6.4 Hungary
  7.3.6.5 Poland
  7.3.6.6 Romania
  7.3.6.7 Rest of Eastern Europe
 7.4. Western Europe Drug Eluting Stents Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Coating Type
  7.4.4.1 Polymer-based Coating and Polymer-free Coating
  7.4.5 Historic and Forecasted Market Size By Application
  7.4.5.1 coronary artery disease and Peripheral Artery Disease
  7.4.6 Historic and Forecast Market Size by Country
  7.4.6.1 Germany
  7.4.6.2 UK
  7.4.6.3 France
  7.4.6.4 The Netherlands
  7.4.6.5 Italy
  7.4.6.6 Spain
  7.4.6.7 Rest of Western Europe
 7.5. Asia Pacific Drug Eluting Stents Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Coating Type
  7.5.4.1 Polymer-based Coating and Polymer-free Coating
  7.5.5 Historic and Forecasted Market Size By Application
  7.5.5.1 coronary artery disease and Peripheral Artery Disease
  7.5.6 Historic and Forecast Market Size by Country
  7.5.6.1 China
  7.5.6.2 India
  7.5.6.3 Japan
  7.5.6.4 South Korea
  7.5.6.5 Malaysia
  7.5.6.6 Thailand
  7.5.6.7 Vietnam
  7.5.6.8 The Philippines
  7.5.6.9 Australia
  7.5.6.10 New Zealand
  7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Drug Eluting Stents Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Coating Type
  7.6.4.1 Polymer-based Coating and Polymer-free Coating
  7.6.5 Historic and Forecasted Market Size By Application
  7.6.5.1 coronary artery disease and Peripheral Artery Disease
  7.6.6 Historic and Forecast Market Size by Country
  7.6.6.1 Turkiye
  7.6.6.2 Bahrain
  7.6.6.3 Kuwait
  7.6.6.4 Saudi Arabia
  7.6.6.5 Qatar
  7.6.6.6 UAE
  7.6.6.7 Israel
  7.6.6.8 South Africa
 7.7. South America Drug Eluting Stents Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Coating Type
  7.7.4.1 Polymer-based Coating and Polymer-free Coating
  7.7.5 Historic and Forecasted Market Size By Application
  7.7.5.1 coronary artery disease and Peripheral Artery Disease
  7.7.6 Historic and Forecast Market Size by Country
  7.7.6.1 Brazil
  7.7.6.2 Argentina
  7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research