The global biliary stent market is estimated to gain huge traction in the forthcoming years. Biliary stenting is broadly used to palliate benign or malignant obstruction or to treat different biliary diseases. It facilitates the drainage of bile into the digestive or any other infected tract.
“The self-expandable metal stents (SEMSs) have revolutionized endoscopic insertion technique. Over the past decade, SEMS models have undergone considerable development in terms of its anchoring mechanisms, shortening ratio, costs, radiopacity, radial force, covering, flexibility, mesh size of the open cells and design of the ends. The European Society of Gastrointestinal Endoscopy (ESGE) commissioned and sponsored the clinical guidelines stating the recommendations and evidence required for the preliminary work of biliary stenting.”
The increase in health safety concerns and stringent regulations regarding integration of the latest technological advancements are driving the market for biliary stent. Early complications associated with the use of endoscopic biliary stentings such as duodenal perforation, cholecystitis, and bleeding ulcer is restraining the adoption of biliary stent therapies. Further, controlled clinical examinations to clarify the discouraging aspects and revisioning the course of action at variance to these comprehensions.
Biliary stent market segmentation by product type includes biliary metal stents and biliary plastic stents. The market presents a detailed depiction of the application segment which comprises of ambulatory surgical centers, hospitals, and others.
Biliary stent market has been categorized based on the key regions as North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. Upscaling adoption of latest technologies in the manufacturing of healthcare devices has empowered North America to emerge as the largest revenue generating region. The emerging regions like the Middle East & Africa and Asia Pacific are expected to exhibit fast growth in the forthcoming years.
An increasing assessment from financial organizations, government, and other regulatory bodies is influencing the effective research methodology and an in-depth exploration of business strategies to be adopted by the prominent market players. The industry players are constantly striving to capitalize on the increasing demand analytical software by incorporating strategic merger & acquisition (MA), joint ventures, collaboration and partnerships with fellow market participants.
The global market is characterized by the presence of major international players and emerging domestic entrants. Some of the key competitors or manufacturers capitalizing in the Abbott Laboratories, CONMED Corporation, Boston Scientific Corporation, Medtronic, Cook Medical, B. Braun Melsungen AG, Endotech, Terumo Corporation, Biosensors International Group, Ltd, and Biotronik SE & Co. KG among others.
• North America
• Asia Pacific
• Middle East and Africa
• South America
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Key Questions Answered in this Report
• What will the market size be in 2023?
• What are the key factors driving the global Biliary Stent market?
• What are the challenges to market growth?
• Who are the key players in the Biliary Stent market?
• What are the market opportunities and threats faced by the key players?
Research Support Specialist, USA