Press release
Biliary Stents Market to Reach USD 712 Million by 2035, Expanding at 7.0% CAGR
The rising demand for minimally invasive procedures, coupled with advancements in stent technology, has significantly boosted the adoption of biliary stents. These devices are widely used in hospitals, ambulatory surgical centers, and specialty clinics, particularly in developed regions like North America and Europe, where advanced healthcare infrastructure facilitates their integration. Additionally, the growing geriatric population, which is more susceptible to biliary diseases, further fuels market growth. Innovations in stent materials, such as biodegradable and drug-eluting stents, are enhancing patient outcomes and driving market expansion.
Biliary stents are primarily employed in procedures like endoscopic retrograde cholangiopancreatography (ERCP) to relieve obstructions caused by tumors, strictures, or stones. The shift toward minimally invasive techniques has made biliary stents a cornerstone of modern gastroenterological interventions, reducing recovery times and complications compared to traditional surgical methods. The market is also supported by increasing healthcare expenditure and favorable reimbursement policies in key regions.
Browse Full Report: https://www.factmr.com/report/biliary-stents-market
"Advancements in stent design, such as self-expanding and biodegradable stents, are revolutionizing biliary interventions. Manufacturers must focus on developing cost-effective, durable solutions to meet the growing demand for minimally invasive treatments," opines a Fact.MR analyst.
Biliary Stents Market Insights: Key Trends and Growth:
The Fact.MR report underscores robust growth in the biliary stents market, driven by rising incidences of biliary diseases and technological advancements in stent design. The increasing adoption of self-expandable metallic stents (SEMS) and plastic stents, which offer improved durability and flexibility, is a key trend. Disposable stents dominate due to their lower risk of infection and ease of use. North America holds the largest market share, driven by advanced healthcare systems and high awareness of biliary disorders. However, high costs and limited access to advanced healthcare in developing regions pose challenges to market growth.
Key Takeaways from the Market Study:
* The global biliary stents market is expected to grow at a CAGR of 5.2% from 2024 to 2034.
* North America accounts for 39.8% of the global market share in 2024, with the United States leading the region at 84.7%.
* The European biliary stents market is forecasted to expand at a CAGR of 5.5% through 2034.
* Based on stent type, metallic stents hold a significant market share of 48.3% in 2024.
* Hospitals dominate the end-user segment, accounting for 55.6% of the market share in 2024.
* The market in East Asia, led by China, is valued at USD 78.4 million in 2024 and is projected to grow at a CAGR of 4.8% through 2034.
Biliary Stents Market Competitive Landscape:
Key players in the global biliary stents market include Boston Scientific Corporation, Medtronic, Cook Medical, Becton, Dickinson and Company (BD), and Abbott Laboratories. These companies prioritize innovation, investing heavily in research and development to enhance stent performance and biocompatibility. Strategic collaborations with healthcare providers and mergers with smaller firms are common to expand market presence. Emerging players focus on leveraging advanced materials and technologies to compete with established brands. The competitive landscape is shaped by regulatory compliance, product differentiation, and global distribution networks.
Biliary Stents Market Key Companies Profiled:
Boston Scientific Corporation
Medtronic
Cook Medical
Becton, Dickinson and Company (BD)
Abbott Laboratories
CONMED Corporation
Merit Medical Systems
Cordis Corporation
Olympus Corporation
Endo-Flex GmbH
Taewoong Medical
B. Braun Melsungen AG
Q3 Medical Devices Limited
Diagmed Healthcare
Hobbs Medical, Inc.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7698
Biliary Stents Industry News:
* In April 2023, Boston Scientific launched a next-generation self-expandable metallic stent with enhanced radial force, improving bile duct patency and patient outcomes.
* In August 2023, Cook Medical announced a collaboration with a leading gastroenterology institute to develop advanced drug-eluting biliary stents for improved therapeutic efficacy.
* In February 2024, Medtronic introduced a biodegradable biliary stent designed to reduce long-term complications, marking a significant advancement in stent technology.
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