The growth within the drug-eluting stents market is driven by several key factors, such as the rising burden of the cardiovascular diseases, as well as the advent of completely bioresorbable stent products. A few of the major and influential drug-eluting stents market trends include the utilization of latest and emerging medical technologies that have created new avenues for the effective treatment of various cardiovascular disorders.
Two of the major types of products provided by the leading participants in the drug-eluting stents market include polymer free products, as well as polymer based products. The polymer based products in the drug-eluting stents market can also be classified into two segments, namely, durable polymers, as well as biodegradable polymers. The polymer based products in the drug-eluting stents market account for the largest demand, owing to the presence of a massive range of polymer based products in the industry. Furthermore, high rate of their adoption intended for coronary interventions around the world also motivates the sales growth in the drug-eluting stents market for polymer based drug-eluting stents.
Rising Demand for Sirolimus Coated Products Favors Growth of Drug-Eluting Stents Market
The manufacturers and players functional in the drug-eluting stents market offer various types of products, categorized by the type of drug. These include paclitaxel, everolimus, sirolimus, and zotarolimus, among others. The largest drug-eluting stents market size can be attributed to the sirolimus drug segment. Sirolimus drugs are most prominently used in coated drug-eluting stents. This trend can be attributed to the lower angiographic restenosis as well as lumen loss observed after using silolimus. The rising demand for sirolimus coated drug-eluting stents is most likely to positively affect the growth within the global drug-eluting stents market in coming years.
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Based on the application, the solutions in the drug-eluting stents market can be bifurcated into peripheral vascular diseases, as well as coronary diseases. The most prominent drug-eluting stents market share was held in the recent past by peripheral vascular diseases. Rising demand for these solutions, on the advent of the increasing instances of complicated peripheral vascular disorder cases is the strongest motivator for the growth of this segment in the drug-eluting stents market. The rising prevalence of these diseases in various regions amongst the population aged above 50 years is also supplementing this trend.
Players in the Drug-Eluting Stents Market Focused on Increasing Number of Clinical Trials
Some of the most prominent end users for the products and solutions in the drug-eluting stents market include ambulatory surgical centers, as well as hospitals. The ambulatory surgical centers account for the highest demand in the drug-eluting stents market. A rapid shift from the hopsitals to ambulatory surgical centers for innovative coronary interventions and medical procedures is driving the growth of this segment in the drug-eluting stents market. Recent studies project that the ambulatory surgical centers segment will also record the highest growth rate in the drug-eluting stents market within the next few years.
The drug-eluting stents market key players functional in the global industry are Boston Scientific Corporation, Abbott, MicroPort Scientific Corporation, Cook, Medinol Ltd., Biotronik, Medtronic, Biosensors International Group, Ltd., Terumo Corporation, Bluesail Medical Co., Ltd., and Stentys S. A., among others. Some of the key strategies employed by these leading players in the drug-eluting stents market for capturing a larger share of the industry include regional expansion, increasing the number of ongoing clinical trials for innovative drug development and discovery processes, and product innovations through extensive research and development.
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The geographical segmentation of the drug-eluting stents market can offer insights into distinct regions, such as Europe, Asia Pacific, North America, Middle East and Africa, and Latin America. Amongst these, the regional industry of North America is anticipated to experience the highest growth in the drug-eluting stents market in the near future. The increasing burden of cardiovascular diseases in the region, as well as the presence of several major manufacturers and industry players bolsters the development of this regional industry.