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

Metal Non-Covered Biliary Stent MarketSize and Trends

Global metal non-covered biliary stent market is estimated to be valued at US$ 369.22 million in 2023, and is expected to exhibit a CAGR of 4.6% during the forecast period (2023-2030).

Among Type, the global metal non-covered biliary stent market is segmented into absorbable and non-absorbable. Out of which, absorbable segment is expected to dominate the global metal non-covered biliary stent market during the forecast period due to the immediate technical and clinical success rates of absorbable metal biliary stents .

Among Application, the global metal non-covered biliary stent market is segmented into malignant obstruction, biliary leaks, benign biliary strictures, and others. Out of which, benign biliary strictures segment is expected to dominate the market over the forecast period due to the prevalence of biliary strictures due to chronic pancreatitis.

Among End User, the global metal non-covered biliary stent market is segmented into hospitals, clinics, and ambulatory surgical centers. Out of which, hospitals segment is expected to dominate the market over the forecast period due to the prevalence of biliary diseases and pancreatic cancer that leads to hospitalization.

Among Region, the global metal non-covered biliary stent market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Out of which, the North America is expected to dominate the market over the forecast period, owing to increasing prevalence of cervical cancer and biliary diseases, and various initiatives by the government regarding awareness about the biliary duct cancer.

Global Metal Non-covered Biliary Stent Market– Market Trends

Key market players are investing in research and development and commercialization of products for treatment of biliary disorders, and this is expected to drive the global metal non-covered biliary stent market growth during the forecast period. Rising geriatric population lead to the increase in the surgeries and increasing incidence of biliary duct disorders and increasing research and development funding are also expected to drive the market growth. For instance, in October 2022, according to the World Health Organization (WHO), one in six individuals globally will be 60 or older by 2030. By 2030, there will be 1.4 billion people over the age of 60 indicating increase from1 billion in 2020. The number of individuals in the world who are 60 or older will double to 2.1 billion by 2050.