A metallic stent is a good choice for biliary surgery, as it has the advantage of being highly flexible. Compared to a biliary stent, a metal stent has higher axial force, which increases the risk of migration. As a result, a stent with high axial force increases the risk of kinking. In a recent study, researchers measured the axial force of a biliary SEMS.
Growing investment by key players in research & development and commercialization of products for treatment of biliary disorders is expected to foster growth of the global metal non-covered biliary stent market. Additionally, the growing geriatric population and rising R&D funding are propelling market growth. For instance, according to the World Health Organization (WHO), the global proportion of 60 years and older population was 12% in 2015 and is expected to increase to 22% by 2050. Thus, in 2015, the world’s geriatric population was 900 million and this number is estimated to increase to 2 billion by 2050.
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Global Metal Non-Covered Biliary Stent Market – Impact of Coronavirus (Covid-19) Pandemic
The metal non-covered biliary stent market growth has been affected significantly due to the outbreak of COVID-19 as researchers and industry players are facing challenges in performing clinical trials during the pandemic. The metal non-covered biliary stent market is expected to regain momentum due to factors such as well-researched market strategies by key players and supportive government regulations.
The all-inclusive version of the report will include the impact of COVID-19 and the probable changes in the future outlook of the industry, by taking into account the technological, social, political, and economical parameters.
The metal non-covered biliary stent market is estimated to be valued at US$ 326.31 million in 2020 and is expected to register a CAGR of 4.4% during the forecast period (2020-2027).
The growing rsearch & development activities and product launches are projected to propel the growth of metal non-covered biliary stent market.
Key players are investing in research & development and of novel products to strengthen their position in the metal non-covered biliary stent market, as supporting clinical evidences would accelerate the adoption of these stents.
For instance, according to a study published in the Journal of the American Medical Association (AMA) in March 2016, the placement of self-expanding metallic stent (cSEMS), which is a single covered biliary stent via ERCP (Endoscopic Retrograde Cholangiopancreatography) resolved benign restrictions of the pancreatic and biliary ducts. These factors are expected to propel growth of the metal non-covered biliary system market.
Furthermore, key players are rapidly adopting several strategies such as collaborations and joint agreements. For instance, in June 2018, Cook Medical partnered with Taewoong Medical to distribute its existing line of metal stents in the U.S. This new partnership includes the Niti-S through the Scope (TTS) Esophageal Stent, which is the flagship product of Taewoong’s Niti-S Self-Expandable line of metal gastrointestinal stents. Cook will be also be the distributor for Niti-S Biliary Stent in the U.S.
Moreover, in May 2019, Q3 Medical Devices Limited entered a distribution agreement with Medtronic Plc for its AECHIMEDES, a biodegradable biliary and pancreatic stent. This stent is majorly designed as an alternative to the traditional plastic biliary stents. The aim behind this six-year exclusive agreement is to distribute ARCHIMEDES biodegradable stent in the western EU, Japan, and the U.S. with rights to other regions.
Global Metal Non-Covered Biliary Stent Market – Restraints
High cost associated with the stent insertion procedure is expected to hamper the growth of the global metal non-covered biliary stent market. Additionally, the growing adoption of substitutes for biliary surgeries is again expected to be a major challenges to the growth of the metal non-covered biliary stent market.
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Global Metal Non-Covered Biliary Stent Market – Regional Analysis
North America accounted for the largest share in the metal non-covered biliary stent market in 2019 and is expected to retain its dominance over the forecast period due to the growing healthcare expenditure and FDA approvals in the region. For instance, in March 2019, BrightWater Medical Inc. received the U.S. FDA approval for its ConvertX Biliary stents for the treatment of biliary duct obstructions. ConvertX is the first system to provide an option of percutaneous plastic biliary to interventional radiologists.
Moreover, strong presence of major market players and growing number of product launches are other key factors fostering regional market growth. For instance, in June 2020, Cook Medical launched two products; Zilver 635 Biliary Stent and Transluminal Biliary Biopsy Forceps in the U.S. for biliary duct procedures. These products are introduced in the market to restore the natural flow of the duct systems.
Asia Pacific is expected to witness significant CAGR over the forecast period owing to research & development activities and government initiatives in the treatment of bile duct disorder. For instance, the Ministry of Health and Family Welfare, India is taking initiatives such as Infection Prevention and Control Programs which include bile duct, liver or pancreatic disorder surgeries.
Global Metal Non-Covered Biliary Stent Market – Competitive Landscape
Boston Scientific, AMG International, C.R. Bard, Merit Medical, Cook Medical, PNN Medical, Teleflex, and Taewoong Medical.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Metal Non-Covered Biliary Stent Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Metal Non-Covered Biliary Stent Industry Impact
Chapter 2 Global Metal Non-Covered Biliary Stent Competition by Types, Applications, and Top Regions and Countries
2.1 Global Metal Non-Covered Biliary Stent (Volume and Value) by Type
2.3 Global Metal Non-Covered Biliary Stent (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Metal Non-Covered Biliary Stent Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Metal Non-Covered Biliary Stent Market Analysis
Chapter 6 East Asia Metal Non-Covered Biliary Stent Market Analysis
Chapter 7 Europe Metal Non-Covered Biliary Stent Market Analysis
Chapter 8 South Asia Metal Non-Covered Biliary Stent Market Analysis
Chapter 9 Southeast Asia Metal Non-Covered Biliary Stent Market Analysis
Chapter 10 Middle East Metal Non-Covered Biliary Stent Market Analysis
Chapter 11 Africa Metal Non-Covered Biliary Stent Market Analysis
Chapter 12 Oceania Metal Non-Covered Biliary Stent Market Analysis
Chapter 13 South America Metal Non-Covered Biliary Stent Market Analysis
Chapter 14 Company Profiles and Key Figures in Metal Non-Covered Biliary Stent Business
Chapter 15 Global Metal Non-Covered Biliary Stent Market Forecast (2021-2027)
Chapter 16 Conclusions
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