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Global Non-Vascular Stents Market – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Non-Vascular Stents Market: By Type (Urology Stents, Pulmonology Stents, Biliary and Pancreatic Stents, Gastroenterology Stents, and Enteral Stents), By Material (Metallic and Non Metallic), By End User (Hospitals, Ambulatory Surgical Centres, and Cardiac centres), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

 

Global non-vascular stents market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024

 

Market Outline: Non-Vascular Stents Market

Non vascular stents are the customized and personalized medical devices to relieve the strictures in GI tract, ureteral tract and respiratory tract. These are also used for holding upon the arrowed lumens during complex surgical procedures to allow free flow of body fluids.

 

Market Dynamics: Non-Vascular Stents Market

Non-Vascular Stents market growth is driven by growing prevalence of chronic diseases, increased geriatric population who are more prone to lung cancer, pancreatic cancer, gallbladder cancer, colon/colorectal cancer, stroke, asthma, Chronic Obstructive Pulmonary Disease (COPD), chronic pancreatitis, prostate cancer, glaucoma. However, risk of complications in use and lower awareness about Non-Vascular Stents in developing and developed regions are expected to hamper the growth of non-vascular stents market over the forecast period

 

Market Scope: Non-Vascular Stents Market

Non-Vascular Stents market is segmented based on the type, material, end user and geography

Based on the type, the market is segmented into the following:

  • Urology Stents
  • Pulmonology Stents
  • Biliary and Pancreatic Stents
  • Gastroenterology Stents
  • Enteral Stents

Based on the material, the market is segmented into the following:

  • Metallic
  • Non Metallic

Based on the End User, the market is segmented into the following:

  • Hospitals
  • Ambulatory Surgical Centres
  • Cardiac Centres

Based on Geography, the market is segmented into the following:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • The Middle East and Africa

 

Market Summary: Non-Vascular Stents Market

Non-Vascular Stents market is expected to grow at notable CAGR during forecasting period. Market players are focusing on product development with extensive R&D, partnerships and collaborations. For instance, in June 2013, Cook Medical launched Evolution Biliary Controlled-Release Uncovered Stent in the U.S. This stent is used to drain obstructed biliary ducts. Larger players, such as Abbott and Biosensors International, are developing innovative Non-Vascular Stents to reduce the complications post percutaneous coronary intervention procedures.

Regional Analysis:  Non-Vascular Stents Market

Geographically, global Non-Vascular Stents market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In North America, U.S. represents the largest market followed by Europe. Asia Pacific region is expected to register significant growth rate. India, China, Japan are expected to grow at significant rate owing to rise in prevalence of chronic diseases, such as diabetes and cardiac diseases which are expected to boost the demand for non-vascular stents over the forecast period.

 

Competition Assessment: Non-Vascular Stents Market

Some of the players in the global Non-Vascular Stents market include:

  • Abbott Laboratories (U.S)
  • Medtronic Public Limited company (U.S.)
  • Braun Holding GmbH & Co. KG (B.Braun Melsungen) (Germany)
  • Boston Scientific Corporation (U.S.)
  • Terumo Corporation (Japan)
  • Cook Medical (US)
  • ELLA-CS (Czech Republic)
  • Merit Medical Systems (US)
  • Taewoong Medical (South Korea)
  • Micro-Tech (China)
  • I. Tech (South Korea)

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