The Global Metal Non-Covered Biliary Stent Market, by Type (Adsorbable and Non-Adsorbable), 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), is expected to be valued at US$ 326.3 million in 2021 and is estimated to exhibit a CAGR of 4.4% during the forecast period (2022-2028), as highlighted in a new report published by Coherent Market Insights.
Increasing focus of key players on research & development to launch technologically advanced biliary stents is propelling growth of the global metal non-covered biliary stent market.
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For instance, in June 2018, Cook Medical and Taewoong Medical partnered to distribute the line of metal biliary stents in the U.S. This new partnership includes the Niti-S TTS Esophageal Stent, which is the flagship product of Taewoong’s Niti-S Self-Expandable line of metal gastrointestinal (GI) stents. Cook Medical will also distribute Niti-S Biliary Stent in the U.S.
For instance, in October 2017, W.L. Gore & Associates Inc. launched the anti-migration assurance program. This program was announced for GORE VIABIL Short Wire Biliary Endoprosthesis, in which Gore provided a replacement device with identical dimensions for patients whose has moved out of place after the implantation. The GORE VIABIL is a metal biliary stent with high long-term patency and low migration.
Impact Analysis of COVID-19
The COVID-19 outbreak has affected the metal non-covered biliary stent market growth. The economic slowdown is creating challenges for the growth of this market. The demand for this product has been affected owing to different priorities set during the pandemic. Thus, availability of medical facilities for other chronic and acute diseases was inadequate. The market is however expected to recover in Q4 2020 with the situation getting relaxed.
Increasing FDA approvals and the rising healthcare expenditure in the North America region are supporting to the growth of metal non-covered biliary stent market. For instance, in March 2019, BrightWater Medical Inc. received U.S. FDA approval for its ConvertX Biliary stents for biliary duct recurrent obstruction treatment. The company’s ConvertX is the first-ever system to provide an option of plastic percutaneous biliary to the interventional radiologists.
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The global metal non-covered biliary stent market is expected to exhibit a CAGR of 4%during the forecast period (2022-2028) due to acquisitions and partnership by key industry players and launch of novel products.
Among end user, the hospital segment is likely to account for majority of the revenue share by the end of 2027 due to presence of well-established healthcare infrastructure, skilled medical professionals, and availability of advanced medical equipment.
Major players operating in the global metal non-covered biliary stent market are C.R. Bard, amg International, Boston Scientific, PNN Medical, Cook Medical, Taewoong Medical, Merit Medical, and Teleflex.
Reasons to buy this Metal Non-Covered Biliary Stent Market Report
◘ Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Metal Non-Covered Biliary Stent Market
◘ Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging Metal Non-Covered Biliary Stent Market
◘ Leading company profiles reveal details of key Metal Non-Covered Biliary Stent Market players emerging five operations and financial performance
◘ Add weight to presentations and pitches by understanding the future growth prospects of the emerging Metal Non-Covered Biliary Stent Market with five year historical forecasts
◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Metal Non-Covered Biliary Stent Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Metal Non-Covered Biliary Stent Market are also given.
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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 2022 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
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 (2022-2028)
Chapter 16 Conclusions
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