The Non-Vascular Stents Market Is Predicted To Reach USD 1.2 Billion With A CAGR Of 5.5% According To Market Data Forecast Report.

The Non-Vascular Stents Market Is Predicted To Reach USD 1.2 Billion With A CAGR Of 5.5% According To Market Data Forecast Report.

ID: 6815 | October 2018 | Region: Global

The Non-Vascular Stents Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Non-Vascular Stents Market is estimated to be USD 920 million in 2017 and predicted to rise to USD 1.2 billion by 2022 with a CAGR of 5.5%. The market is segmented by End User (Hospitals, Ambulatory Surgical Centers, Others), by Material (Metallic Stents, Non-metallic Stents), by Type (Pancreatic and Biliary Stents, Gastrointestinal Stents, Airway Stents, Urinary Tract Stents). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Stents are the tubes or other devices that placed in the body to generate a passage between hollow spaces. And stenting is process of placement of such stent in the body. Non-vascular stents are usually utilized for making a pathway in vessels of the body particularly the arteries and veins that carry lymph and blood.

Rapid technological advancements in the healthcare sector, increasing disease prevalence of cancer and urolithiasis, augmenting geriatric population and increased life expectancy are the primary drivers of market growth.

However, stringent administrative framework, unreliable efficiency, pricing pressures, and medical devices excise taxes are the primary restraints of this market.

The market is segmented by type, end user and by material. By type it is segregated into Pancreatic and Biliary Stents, Gastrointestinal Stents, Airway Stents, and Urinary Tract Stents. Biliary Stents is further sub-segmented into Plastic Biliary Stents and Metal Biliary Stents. Metal Biliary Stents is further sub-categorized into Metal Non-Covered Biliary Stents, Metal Partially Covered Biliary Stents, and Metal Fully Covered Biliary Stents. Pancreatic Stents are further sub-categorized into Plastic Pancreatic Stents and Metal Pancreatic Stents. Metal Pancreatic Stents are classified into Metal Non-Covered Pancreatic Stents and Metal Fully Covered Pancreatic Stents. Gastrointestinal Stents are segmented into Fully Covered Gastrointestinal Stents, Partially Covered Gastrointestinal Stents, and Non-Covered Gastrointestinal Stents. Airway Stents are classified into Silicone Airway Stents and Metallic Airway Stents. Metallic Airway Stents are segmented into Fully Covered Metallic Airway Stents and Uncovered Metallic Airway Stents. Urinary Tract Stents are categorized into Ureteral Stents, Metal Ureteral Stents, Polymer Ureteral Stents, Bioabsorbable Ureteral Stents, Prostate Stents, Metal Prostrate Stents, Polymer Prostrate Stents, Bioabsorbable Prostate Stents, Urethral Stents, Metal Urethral Stents, Polymer Urethral Stents, and Bioabsorbable Urethral Stents.

By geography the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America held over 32.0% share in the market in 2016 owing to increasing prevalence of lung cancer, glaucoma, central airway obstruction, COPD, asthma, and other chronic diseases in the U.S. and Canada. Local presence of major market players, target population, and robust healthcare infrastructure in the region further supported the dominance of this region. Europe is also expected to hold a substantial market share during the forecast period due to the flourishing medical technology sector and increasing prevalence of gastric cancer in the EU5 countries. On the other hand, Asia Pacific is expected to register higher CAGR over the forecast period as compared to other regions due to favorable government initiatives for use of such medical devices, rising geriatric population, and increasing healthcare expenditure.

Key players in the market include CONMED Corporation. Other players in the market include Taewoong Medical Co., Medtronic; C. R. Bard, Inc.; Boston Scientific Corporation; HOBBS MEDICAL, INC; Cook Medical; ELLA - CS, s.r.o.; Ltd.; Synchron Med Inc.; and Glaukos Corporation.

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