Stents Market Size, Share, Growth Analysis, By Product Type(Coronary Stents, Peripheral Stents, Stent Related Implant), By Material(Metallic Biomaterial, Polymer Biomaterial, Natural Biomaterial), By End User(Hospital, Ambulatory Surgical Centers, Others), By Region - Industry Forecast 2024-2031

Global Stents Market size was valued at USD 8.8 billion in 2019 and is poised to grow from USD 9.3 billion in 2023 to USD 12.1 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).

A stent is a medical device that is put into a blocked conduit in order to keep it open. It is a small tube that restores the flow of blood and other fluids to various organs of the body. Stents can be made of plastic or metal. Stents are the largest stents and are used to remove blockages from bigger arteries. It is drug-coated to prevent clogged arteries from shutting. Stents can also be used to keep aneurysms from rupturing the aorta, brain, or other blood vessels.

The global stents market is being driven primarily by an increase in the prevalence of coronary artery disease, technological advancements for stent development, increased funding from private and government organizations for the development of the healthcare sector and research centers, and an increase in demand for drug-eluting stents. According to the Centers for Disease Control and Prevention (CDC), around 360,900 people died in 2019 as a result of coronary artery disease. It is one of the most common types of cardiovascular disease. For example, in August 2021, Sinomed, a renowned worldwide medical device manufacturer, announced the European launch of the HT Supreme Drug-eluting stent at the University Hospital Galway.

US Stents Market is poised to grow at a sustainable CAGR for the next forecast year.