Biliary Stents Market Size worth $549.14 Million with CAGR of 4.86% from 2022 to 2030

Biliary Stents Market Size Worth $549.14 Million With CAGR Of 4.86% From 2022 To 2030 | Growth Plus Reports exclusive report

Newark, New Castle, USA, January 24, 2023 (GLOBE NEWSWIRE) —

According to the report published by Growth Plus Reports the Global

Biliary Stents Market

was estimated at

$358.26 million

in 2021 and is expected to surpass an assessment of

$549.14 million

by 2030

progressing in a

CAGR of 4.86%

from 2022 to 2030. The report provides in-depth analysis of top winning strategies, drivers and opportunities, competitive landscape, changing market trends, market size, statistics and estimates, and major investment pockets.


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The global biliary stent market has been evaluated from four different perspectives – product, application, end-user and region.

Excerpts from ‘By Product Segmentation’

The global biliary stent market is divided into two segments based on type:

The metallic biliary stent category witnessed the highest CAGR in 2021. Ease of insertion, greater patency due to large luminal diameters, decreased risk of displacement or migration, increased longevity, and widespread use in interventional endoscopy for various malignant obstructions are factors that contribute to the rapid growth of the segment. Due to the mesh, metal stents have two advantages over plastic stents: first, they do not obstruct the side branches; second, because most hilar tumors are solid and round, tumor ingrowth may occur less frequently. Based on their expandability, metallic stents are offered, which can also result in better customer acceptance due to greater benefits. The metallic biliary stent market has developed in 2021 due to expanding improvements in these devices. For example, if the patient’s remaining life expectancy is greater than 4-6 months, metallic stents are more cost-effective than plastic biliary stents. To treat malignant biliary blockage, bare metal stents are usually chosen over plastic ones.

Excerpts from ‘By Application Segmentation’

Depending on the applications, the global biliary stent market is segmented into:

  • Bilio-Pancreatic Leaks

  • Malignant Obstruction

  • benign biliary structures

  • gallstones

The gallstone segment holds the largest share of the global gallstone stent market in 2021. One of the main reasons for the higher growth of this market is the increase in elderly population as gallstone disease is more common according to age. Before the age of 20, symptomatic calculous disease of the biliary tract is uncommon and, when it occurs, it often affects those with long-term risk factors such as cystic fibrosis or hemolytic anemia. In addition, gallstone disease has been linked to a variety of medications. Thus, the increased use of multiple drugs such as ceftriaxone, clofibrate, oral contraceptives, estrogen replacement, progestogens and octreotide are among the most frequently found culprits, mainly in the female population. Particularly in women, obesity is a substantial risk factor for gallstone disease. Obesity-related hypersecretion of cholesterol is a significant pathogenic factor. Increased leisure and strenuous exercise appear to decrease the risk of gallstones. Rapid weight loss on very low calorie diets has been linked to an increased risk of gallstone disease. Gallstones are becoming more common as a result of changing consumer preferences, growing health concerns and an increasing demand among consumers for a fit and healthy body. According to studies, those who follow weight loss regimens such as drastically reduced calorie diets or surgical weight loss treatments are more likely to develop gallstones than people who are not dieting. Therefore, the global emergence of gallstones is triggering the need for biliary stents as a treatment strategy.

Browse the full report with detailed TOC at:


https://www.growthplusreports.com/report/biliary-stents-market/8051

Excerpts from ‘Region targeting’

On the basis of regions, the global biliary stents market is classified as:

  • North America

  • Europe

  • Asia Pacific

  • Rest of the world

In 2021, North America controlled the world market. Some of the key aspects that will influence the growth of the regional market are the growing elderly population, which is more prone to diseases like pancreatic cancer, gallstones and other malignant obstructions. For example, the National Institutes of Health estimates that between 42 and 73 Americans out of every 100,000 have chronic pancreatitis. Additionally, according to the American Cancer Society, 62,210 people have been diagnosed with pancreatic cancer (32,970 men and 29,240 women) in recent years. Furthermore, the prevalence of gallstones among Pima Indians in Arizona is the highest in the world. Gallstone disease affects 90% of Pima women over 65 years of age. Gallstone disease is more common in men and women in Norway and Chile, as well as among Canadian Micmac Indians, Hispanics, and Mexican American women. In addition, the country’s citizens can more easily access hospital service acknowledgments to the region’s strong health infrastructure. North America has the most developed and reliable healthcare infrastructure, as well as stricter healthcare cost reimbursement rules, which helps explain North America’s dominance of the global biliary stent market. The number of super-specialty treatments available to treat the condition is increasing as more and more people have access to medical insurance. A boost to the industry is also being provided by recent research on biodegradable stents. The European region, like the American region, has conveniently accessible medical facilities and a large proportion of older citizens, both of which are expected to increase demand for stents in the market. As medical facilities are built in the Asia-Pacific region, the proportion of the elderly population grows and young people lead more sedentary lifestyles, the demand for biliary stents is predicted to increase.

Excerpts from ‘Competitive Scenario’

Major Companies Operating in the Global Biliary Stents Market Are:

  • Eckert & Ziegler BEBIG SA

  • boston medical products

  • B. Braun Melsungen AG

  • Cook Medical Inc.

  • Olympus Corporation

  • CONMED Corporation

  • MI Tech

  • Becton, Dickinson and Company

  • ENDO-FLEX GmbH

  • Cardinal Health

  • Merit Medical Systems, Inc.

  • Medtronic plc

  • Cook Medical Inc.

VALUE PROPOSALS RELATED TO THE REPORT

:

  • Built with hours of complimentary analysis and expert interviews on every report

  • Comprehensive quantitative and qualitative insights at the segment and sub-segment level

  • Trends and perspective of the impact of Covid 19

  • Granular insights at global/regional/country level

  • Deep-rooted insights into market dynamics (drivers, constraints, opportunities) and business environment

  • General coverage in the competitive landscape

  • winning imperatives

  • Exhaustive coverage of ‘Strategic Developments’ recorded by major market players

CUSTOMIZATION OPTIONS

:

  • Distributor scenario assessment

  • price intelligence

  • Customer Base Assessment

  • Analysis of Investments and Initiatives

  • ‘Business profile’ of key players

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Manan Sethi
Director, Market Insights
Email: [email protected]
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Biliary Stents Market Size worth $549.14 Million with CAGR of 4.86% from 2022 to 2030

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