Metal Non-covered Biliary Stent Market, By Type (Absorbable and Non-Absorbable), By Application (Malignant Obstruction, Biliary Leaks, Benign Biliary Strictures, and Others), By End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Jul 2023

Code : CMI4087

Pages :220

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Metal Non-covered Biliary Stent Market– Drivers

Increasing Prevalence of Biliary Diseases

Increasing prevalence of biliary diseases is expected to drive the global metal non-covered biliary stent market growth over the forecast period. For instance, in June 2022, according to the National Cancer Institute, in U.S, the rate of new cases of liver and intrahepatic bile duct cancer from 2020 was 9.3 per 100,000 men and women per year in 2020. The death rate was 6.6 per 100,000 men and women every year. According to the source in 2023, it is estimated that there will be 41,210 new cases of liver and intrahepatic bile duct cancer and 29,380 deaths due to liver and bile duct cancer in U.S.

Technological Advancements

Increasing technological advancement in the detection and treatment of gastrointestinal diseases such as bile duct obstruction that provides several advantages such as lesser chances of infection, quicker recovery, and shorter hospital stays is expected to drive the market growth over the forecast period. For instance, in June 2020, Cook, a medical device company, announced the launch of two products named transluminal biliary biopsy forceps set (BBFS) and a new 40-centimeter delivery system line extension of the existing Zilver 635 Biliary Stent (ZIB), and both are commercially available in the U.S. and Canada. The Zilver 635 Biliary Stent is used in cases of abnormal constrictions of the biliary tree called biliary neoplasms.

Global Metal Non-covered Biliary Stent Market: Restraints

High cost of Biliary Stent Insertion Procedures

Certain factors such as high cost of biliary stent insertion procedures is expected to hinder the market growth over the forecast period. So, low cost plastic stents can be used for the treatment. For instance, in August 2021, according to a study published by Journal of Endoscopy International Open, an average cost of the metal non-covered biliary stent procedures for the treatment of biliary obstruction is US$â€Š9,304 but has more accuracy as compared to the plastic stent.

Global Metal Non-covered Biliary Stent Market– Challenges

High cost of modifying technology functions of biliary stent to perform multiple functions for diagnoses and treatment at the same time.

Global Metal Non-covered Biliary Stent Market– Opportunities

Increasing awareness about biliary diseases among population and initiatives by the government of developed economies to subsidize the cost of care is creating increase in demand for insertional stent placement over external stent placement. For instance, WGO global guidelines provide recommendations for the maintenance and removal of biliary stents.