The global non-vascular stents market size is anticipated to reach USD 1.4 billion by 2025, at a CAGR of 5.1% according to a new report by Grand View Research, Inc. The market is expected to witness lucrative growth during the forecast period due to technological advancements in the non-vascular stents and rise in the adoption of minimally invasive surgeries across the world.
Technological
advancements such as the development of radioactive & biodegradable stents,
advanced stent designs & change in material composition, and newer stent
placement techniques, such as Endoscopic Ultrasound-guided (EUS) stenting, are
expected to help in the growth of the non-vascular stents market over the
forecast period. Various materials such as metallic stents, made from alloys
include nitinol, silicone & nitinol, stainless steel, and elgiloy
(cobalt-chromium-nickel Alloy) and nonmetallic stents, made from synthetic
polymers such as resins, polyurethane, and silicone, are used as per the
requirement as they offer different features.
Due
to the high adoption of minimally invasive techniques, such as nonvascular
stenting, by healthcare professionals, the market is expected to grow. This can
be attributed to the various advantages such as smaller incisions, rapid wound
healing, and reduced pain & surgical scars. Smaller incisions and surgical
wounds result in lesser complications, which significantly reduces the overall
surgery cost. Moreover, minimally invasive surgeries result in reduced hospital
stay, which ultimately lowers the risk of hospital-acquired infections in
patients. This helps reduce the overall healthcare expenditure of patients.
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Non-vascular Stents
Market Report Highlights
- The urological stents
segment held a lucrative market share in 2016 owing to the worldwide
increase in demand for ureteral, and prostate stents, which can be
attributed to the surge in the number of kidney transplants, ureteroscopy,
ureterorenoscopy, lithotripsy, and schistosomiasis procedures
- The gastrointestinal stents
segment is expected to register the highest growth over the forecast
period owing to surge in the number of cases of gastrointestinal cancer,
such as cancer of the esophagus, stomach, gallbladder, small intestine,
pancreas, liver, bowel, and anus
- North America is expected to
dominate the market during the forecast period owing to the local presence
of major market players and robust healthcare infrastructure coupled with
a high prevalence of gastrointestinal cancer in the U.S. & Canada
- Some of the key players in
the market are Medtronic; C. R. Bard, Inc.; Boston Scientific Corporation;
ELLA - CS, s.r.o.; CONMED Corporation; HOBBS MEDICAL INC; Cook Medical;
Taewoong Medical Co., Ltd.; Synchron Med Inc.; and Glaukos Corporation
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Non-vascular Stents
Market Segmentation
Grand View Research has segmented
the global non-vascular stents market on the basis of product and region:
Non-vascular Stents
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Gastrointestinal Stents
- Biliary
- Duodenal
- Colonic
- Pancreatic
- Esophageal Stents
- Pulmonary (Airway) Stents
- Silicone Airway
- Metallic Airway
- Urological Stents
- Others
Non-vascular Stents
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- The Middle East and Africa
(MEA)
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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