Non-vascular Stents Market Generated Opportunities, Future Scope 2021-2028 | Allium Medical, Boston Scientific, C.R. Bard, ELLA-CS

Due to the increasing prevalence of diseases of the urinary and gastrointestinal system, as well as the growing applications in emerging fields such as ophthalmology and neuroscience, the global non-vascular stents market is expected to achieve significant growth. The increasing prevalence of urological and gastrointestinal diseases is expected to drive market growth. The increasing prevalence of urological and gastrointestinal diseases is increasing the demand for the global non-vascular stents market. According to a 2016 report from the American Society for Nephrology, more and more people in the United States are suffering from kidney stones, including children and adults. The increasing incidence of kidney stones, tumors, stenosis, and retroperitoneal fibrosis is expected to increase the demand for non-vascular ureteral stents.

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Browse 35 Market Data Tables and 25 Figures spread through 165 Pages and in-depth TOC on “Non-vascular Stents Market, by Product Type (Pulmonary Or Airway Stents, Urological Stents, and Gastrointestinal Stents) and by Region (North America, Asia Pacific, Latin America, Europe, the Middle East, and Africa) - Global Forecast to 2025”
Major players focus on research activities, approvals, and product launches to accelerate business growth. Most of the participants specialize in the development of non-vascular stents products, while few participants are focusing on the manufacture of peripheral and coronary stents. ELLACS and Taewoong Medical Co., Ltd. are completely focused on gastrointestinal stents. Single-product startups like Transcend Medical, Aquesys, and Ivantis Medical are pharmaceutical and materials manufacturers that play an important role in new product innovation. Manufacturers must effectively train surgeons and physicians to perform non-vascular stent surgery to increase the adoption rate. The major players in the industry are also focusing on strategic cooperation to increase their market share. In 2009, Merit Medical Systems acquired products previously distributed and manufactured by Alveolus, Inc., including Merit Endotek.

Key Takeaways

The global non-vascular stents market is expected to grow at a CAGR of 4.7% over the forecast period. This is due to the increasing demand for these stents and the increase in the patient base.

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Among the product types, the urinary stent segment is in the non-vascular stent market. It occupies a dominant position due to the increase in the incidence of diseases ureterals, such as prostate cancer, urinary tract infections, kidney stones, and kidney stones.

North America is expected to dominate the global non-vascular stents market due to the increasing prevalence of chronic diseases and the presence of major industry players driving regional participation.

Major companies contributing in the global non-vascular stents market are S.R.O, ELLA-CS, Boston Scientific, Allium Medical, Xlumena, Taewoong Medical, C.R. Bard, Merit Endotek, and EndoChoice.

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