Coronary Stents Market Size

Coronary Stents Market Size

Coronary Stents Market size was valued at more than USD 5.7 billion in 2022 and is forecasted to observe over 4.5% CAGR from 2023 to 2032. Growing cases of coronary artery diseases across the globe to fuel market development.

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Increasing cases of coronary artery disease have generated greater demand for percutaneous coronary intervention, thereby accelerating the adoption of coronary stents. As per the Centers for Disease and Prevention (CDC), in 2020, nearly 697,000 people died from heart disease across the United States. Each year, the country witnesses more than 795,000 people getting a stroke.

Rising elderly population in developing economies is another major factor responsible for the growing prevalence of cardiovascular disease (CVD). The geriatric population is often prone to various chronic illnesses such as peripheral vascular disease (PVD). These patients mostly prefer minimally surgical procedures like percutaneous coronary intervention (PCI) to treat related disorders which will increase the demand for coronary stents.

Lack of skilled workers in the healthcare sector will hamper the coronary stents market expansion. Numerous nations worldwide struggle to meet the demand for medical professionals including nurses and doctors. For instance, according to a new survey, the United States will need about 2.3 million skilled healthcare professionals by the end of 2025 to deal with the growing incidence of cardiovascular ailments and the aging population.