Global Non-Vascular Stents Market Size, Growth, Industry Trends | Emergen Research

Emergen Research's latest market research report, titled Global Non-Vascular Stents Market, provides estimated market size and shares, latest industry trends, global market growth rates, key drivers and opportunities, constraints, product segmentation, and major market players. Cost structure, market size, competitive landscape, product portfolio and specifications, and company profiles.

This report is a fair prototype of the Non-Vascular Stents industry containing an in-depth study of the global Non-Vascular Stents market. This report serves as a valuable source of data and information related to this industry. It covers various industry aspects with a particular focus on market scope and application areas. The report identifies the fundamental business strategies adopted by industry experts and offers an insightful study on the value chains and distribution channels of the global market. The report authors have also analyzed current industry trends, growth potential, current overview, and market limitations.

The Non-Vascular Stents Market is expected to grow from an estimated USD 1714.5 million in 2024 to USD 2705.7 million in 2033, at a CAGR of 6.20%. This growth is fueled by the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and technological advancements in stent design. Non-vascular stents are essential for managing conditions such as gastrointestinal obstructions, urological disorders, and pulmonary diseases. The aging population and increasing healthcare expenditures further contribute to market expansion.

According to the Centers for Disease Control and Prevention (CDC), six in ten adults in the U.S. were affected by chronic conditions in 2023. Additionally, the American Cancer Society reports that the lifetime risk of developing esophageal cancer in the U.S. is approximately 1 in 127 for men and 1 in 434 for women. These statistics underscore the growing need for effective treatment options like non-vascular stents.

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Market Drivers and Growth Factors

The rising number of chronic diseases, including cancer, urological disorders, and respiratory conditions, is increasing demand for non-vascular stents. These devices are crucial for alleviating obstructions and improving patient outcomes in various medical scenarios. Technological advancements, such as the development of biodegradable and drug-eluting stents, enhance the efficacy and safety of treatments. Furthermore, the shift towards minimally invasive procedures reduces recovery times and hospital stays, making non-vascular stents an attractive option for both patients and healthcare providers.

Challenges in the Non-Vascular Stents Market

Despite strong growth, the market faces challenges such as high costs associated with advanced stent technologies and stringent regulatory requirements for product approval. These factors may limit accessibility, especially in low-income regions. Additionally, complications like stent migration and the need for repeated interventions can deter adoption. However, ongoing research and development efforts aim to address these issues by improving stent designs and materials.

Market Segmentation Insights

The market is segmented based on product type, material type, end-user, and region.

Product Type: Urological stents dominated the market in 2023, driven by the rising prevalence of urological disorders such as kidney stones and benign prostatic hyperplasia. Pulmonary (airway) stents are expected to register the highest CAGR during the forecast period due to the increasing incidence of respiratory diseases like chronic obstructive pulmonary disease (COPD) and tracheal stenosis.

Material Type: Non-metallic stents, including biodegradable and polymer-based stents, are gaining popularity due to their ability to reduce long-term complications and eliminate the need for removal procedures.
End-User: Hospitals held the largest market share in 2023, attributed to their advanced infrastructure and skilled medical personnel. However, ambulatory surgical centers and specialty clinics are expected to witness significant growth, driven by the increasing adoption of minimally invasive procedures and advancements in stent technologies.

Regional Outlook

North America: The region dominated the market in 2023, owing to its well-established healthcare infrastructure, high healthcare expenditure, and presence of leading market players.
Europe: Europe's market growth is supported by a growing geriatric population and increasing prevalence of chronic diseases.
Asia-Pacific: This region is anticipated to register the highest CAGR during the forecast period, driven by rapidly growing healthcare infrastructure, rising prevalence of chronic diseases, and increasing demand for minimally invasive treatments.

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Competitive Terrain

The global non-vascular stents industry is highly consolidated, with renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Some major companies included in the non-vascular stents market report are:

Medtronic plc
Boston Scientific Corporation
Becton, Dickinson and Company
Cook Group
CONMED Corporation
ELLA - CS, s.r.o.
Hobbs Medical Inc.
Micro-Tech (Nanjing) Co., Ltd.
Q3 Medical Group
W.L. Gore & Associates Inc.

The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

Non-Vascular Stents Market Segmentation Analysis

Type Outlook (Revenue, USD Million; 2020-2033)
Gastrointestinal Stents
Biliary
Duodenal
Colonic
Pancreatic
Esophageal Stents
Pulmonary (Airway) Stents
Silicone Airway
Metallic Airway
Urological Stents
Others

End-use Outlook (Revenue, USD Million; 2020-2033)
Hospitals
Ambulatory Care Centers (ACS)
Specialty Clinics

Regional Outlook (Revenue, USD Million; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

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Regional Outlook:

North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

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The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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