The global biliary stent market is set to gain momentum from the rising prevalence of cholangitis, cholecystitis, and jaundice. It is because these stents help in the treatment of hepatic blockage. Besides, numerous severe conditions, namely, radiation therapy, gall stones, large intestine, liver cancer, and pancreatic cancer, are capable of causing bile duct disorders. It would affect the market positively during the forthcoming years. Fortune Business Insights™ provided this information in an upcoming report, titled, “Biliary Stent Market Size”, Share & Industry Analysis, By Material (Metal, Plastic), By Applications (Malignant Obstruction, Benign Biliary Strictures, Biliary Leaks, Others), By End User (Hospitals, Specialty Clinics, Diagnostic Laboratories, Research and Academic Institutes, Ambulance Surgical Centers, Others) and Regional Forecast, 2019-2026.”
The report covers:
- Global Biliary Stent Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
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Leading Players operating in the Biliary Stent Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Richard Wolf GmbH
- KARL STORZ
- Boston Scientific Corporation
- CONMED Corporation
- Olympus Corporation
- Other key market players
High Demand for Minimally Invasive Procedures to Boost Growth
As per the National Pancreas Foundation, the incidence of pancreatitis was 50 in 100,000 people in the year 2019. It proves that the rising prevalence of pancreatic cancer and increasing patient care management would augment the biliary stent market growth in the coming years. Patients, nowadays, prefer cost-effective benign biliary strictures. Apart from that, rising urbanization influencing a sedentary lifestyle and upsurging geriatric population are a couple of the major factors fueling the market growth. Furthermore, the cases of leakage of the bile duct, biliary stricture, malignant biliary obstruction, and rising surgical procedures would accelerate the growth of the market during the forecast period. Additionally, the popularity of minimally invasive procedures is growing day by day owing to the increasing demand for faster recovery, quick treatment, and early diagnosis from patients. Manufacturers are also investing huge sums in introducing advanced technologies. All these factors would drive the growth of the market.
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North America to Lead Stoked by Increasing Healthcare Expenditure
In terms of region, the market is segregated into Europe, the Middle East and Africa, North America, Asia Pacific, and Latin America. Out of these regions, at present, North America is leading in terms of biliary stent market revenue. This growth is attributable to the early adoption of advanced technology, a rise in healthcare expenditure, and a high prevalence of bile duct disorders in this region. Europe is set to remain in the second position because of the improvements in healthcare infrastructure, as well as an increasing number of healthcare awareness programs.
Biliary Stents Market Segmentation:
- Malignant Obstruction
- Benign Biliary Strictures
- Biliary Leaks
By End User
- Specialty Clinics
- Diagnostic Laboratories
- Research and Academic Institutes
- Ambulance surgical Centers
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
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- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Biliary Stent Market opportunities
- Growth dynamics
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- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Biliary Stent Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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