The Drug-eluting stents symbolize to the metal stents that have a coating of the drugs which majorly involves everolimus, paclitaxel, and also antiproliferative drugs to widen the narrowed blood vessel. The first-generation DES has elevated the safety aspects owing to a higher incidence of the stent thrombosis, which has further given growth to the biodegradable DES to deliver better treatment. The capabilities to release an antiproliferative drug that avoids neointimal proliferation, which decreases the incidence of stent restenosis and safeguards they need to be addressed in the DSE market. Drug-eluting stents find significance in cardiovascular complications as it is a marginally aggressive surgical process broadens the constricted blood vessels and is convenient in prolonging the life of the patients.
According to the report analysis, ‘Global Drug Eluting Stents Market 2018-2024’ states that there are several key players which presently functioning in this sector more actively for leading the fastest market growth and registering the highest value of market share across the globe in the near future while adopting the market expansion opportunities in the underdeveloped regions and increasing the implementation for the minimally invasive endovascular surgeries includes Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Johnson and Johnson, MicroPort Scientific Corporation, BiotronikInc and several others. New product improvement, geographical expansion, collaboration, mergers & acquisitions and pricing strategies are vigorous undertakings of players in this space.
The global drug-eluting stents market is predictable to observe a CAGR of 5.4% during the forecast period of 2018-2024. Whereas, the market drug-eluting stents are sectored into different sectors which majorly involves applications, coating type, end-users, and countries.
Based on the type of coating, the market is sectored into the polymer-based coating and polymer-free coating drug-eluting stents. The non-biodegradable and biodegradable polymer is the two types of polymer-based coatings. Microporous surface, microstructured surface, slotted tubular surface, and nanoporous surface are the categories of the polymer-free coating.
Not only has this, based on applications, but the market is also sectored into coronary artery disease and peripheral artery disease. Roughly 90% of all percutaneous interventional surgeries usage a coronary stent of all stenting measures is done with drug-eluting stents (DES). Consequently, the mainstream of the market is engaged by a coronary arterial intervention.
Based on the region, the market of drug-eluting stents is spread across the globe which majorly involves North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe registers for the largest share of the drug-eluting stents market, followed by Europe, Asia Pacific, and Rest of the World. More than 60% of the market is employed by Europe, with Germany being the major supplier to the market growth.
Nevertheless, the significantly increased prevalence of cardiovascular diseases, growing aging the populace, increasing acceptance for the minimally invasive endovascular surgeries, growth in healthcare spending, rise in the number of outpatients processes and a significant rise in the market expansion opportunities in the developing regions are some major factor for propelling the market growth more significantly. Therefore, in the near future, it is predicted that the market of drug-eluting stents will increase around the globe more significantly over the coming years.
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Ankur Gupta, Head Marketing & Communications