Non-vascular Stents Market Is Predicted To Grow Swiftly Due To Growing Geriatric Population Till 2025: Grand View Research, Inc.
The
global non-vascular stents market is anticipated to reach
USD 1.4 billion by 2025, 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 adoption
of minimally invasive surgeries across the world.
Technological
advancements such as 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 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 requirement as they offer different
features.
Due
to 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.
U.S.
non-vascular stents market, by product, 2014 - 2025 (USD Million)
Browse full
research report on Non-vascular Stents Market: http://www.grandviewresearch.com/industry-analysis/non-vascular-stents-market
Further
key findings from the report suggest:
- The
urological stents segment held a lucrative market share in 2016 owing to
worldwide increase in demand for ureteral, and prostate stents, which can
be attributed to the surge in number of kidney transplants, ureteroscopy,
ureterorenoscopy, lithotripsy, and schistosomiasis procedures
- The
gastrointestinal stents segment is expected to register 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 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
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global non-vascular stents market
on the basis of product and region:
Product
Outlook (Revenue, USD Million, 2014 - 2025)
- Gastrointestinal
Stents
- Biliary
- Duodenal
- Colonic
- Pancreatic
- Esophageal
Stets
- Pulmonary
(Airway) Stents
- Silicone
Airway
- Metallic
Airway
- Urological
Stents
- Others
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa (MEA)
- South
Africa
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Press Release By Grand View Research:
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.
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