Non-vascular Stents Market Reach $1.4 Billion, Rapid Growth and Trend, by 2025: Grand View Research, Inc.

Posted on 2018-08-22 by researchinsights in Healthcare, Pharmaceuticals // 0 Comments

San Francisco, United States, 2018-Aug-22 — /EPR Network/ — 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 a rise in 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 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.

To view a summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/non-vascular-stents-market

Further Key Findings From the Study Suggest:

The urological stents segment held a lucrative market share in 2016 owing to a 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 a 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

Related Report of Medical Devices:

Tumor Ablation Market
Bronchoscopes Market

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

Access Press Release of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-non-vascular-stents-market

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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