Global Drug Eluting Stents Market Industry Trends and Forecast to 2027

Drug Eluting Stents Market
Drug Eluting Stents Market

 As the healthcare sector transforms to move from the current fee-for-service model to a fee-for-value model, the reduction of patient problems and the number and length of hospital stays have drawn a lot of attention. There has been a substantial advancement in device technology, operator procedures, clinical safety, and efficacy, particularly in interventional cardiology. Patients now live in the "stent implantation" era as a result of significant advancements in the treatment of coronary artery disease. The development of the drug-eluting stents market has also been aided by the advent of drug-eluting stents (DES), which have fundamentally changed and revolutionised the interventional landscape and increased the predictability of angioplasty.

The global Drug Eluting Stents Market is estimated to be valued at US$ 2,410.8 million in 2019, and is expected to witness a CAGR of 6.4% during the forecast period (2019–2027).

An additional factor that is anticipated to increase the utilisation of coronary stents throughout the projected period is the growing preference for minimally invasive surgeries (MIS). Small incision wounds from these procedures have the benefit of increasing patient satisfaction. Additionally, these techniques shorten hospital stays and speed up rehabilitation. Due to the development of sophisticated DES and bioresorbable scaffolds, stenting technique is increasingly favoured over traditional balloon angioplasty. The effectiveness and results of treating CVD have been improved thanks to technological developments in coronary stents, including the creation of bifurcation stents and the use of biodegradable materials. Companies actively participate in partnerships, strategic alliances, and product creation. Over the course of the projected period, the aforementioned factors are anticipated to fuel Drug Eluting Stents Market growth.

Due to higher healthcare spending per person and supportive government measures to upgrade the industry's infrastructure, major players in the drug-eluting stent market continue to see growing countries in the Asia Pacific region as target Drug Eluting Stents Market. But the rise of numerous local players and government reforms are having a significant impact on how much stents cost, which has presented a potential threat to the continuous growth of key players. For instance, price caps implemented by the National Pharmaceutical Pricing Authority (NPPA) in India have forced international manufacturers to stop producing DES systems, presenting a tremendous opportunity for regional businesses. 

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