Biliary Stents Market to hit USD 699 Million by 2032, says Global Market Insights Inc.
Biliary Stents industry is anticipated to register 5.5% CAGR between 2023 and 2032 due to increasing prevalence of bile duct & chronic liver disease.
Selbyville, Delaware, Jan. 25, 2023 (GLOBE NEWSWIRE) —
The biliary stents
Biliary stents to emerge as preferred gallstones treatment solution
Gallstones segment held over 52% growth rate of biliary stents market in 2022. This is attributed to unhealthy lifestyle changes, such as the adoption of sedentary lifestyles and a family history of gallstones. Although termed as non-fatal, gallstones can create blockages in the biliary tract, which is why it is essential to manage them effectively. Patients are also becoming aware of the availability of innovative treatments for biliary system diseases, thereby spurring the usage of biliary stents as a solution for gallstones.
Integration of advanced healthcare infrastructure will increase patients’ preference for biliary disease treatment in hospitals
Hospital segment development is credited to the growing prevalence of biliary disorders and a rising number of patients opting for stenting procedures. Technologically advanced healthcare infrastructure is also being developed. These factors, alongside the widespread availability of skilled medical professionals, can improve the overall quality of consulting, diagnosis, treatment, and care provided by hospitals, thereby contributing to biliary stent industry expansion.
Rising elderly population to drives biliary stent progression in North America
North America biliary stents market is witnessing a notable increase in the percentage of its elderly population, which is at high risk of contracting a variety of chronic ailments. These diseases include gallstones, pancreatic cancer, and other harmful obstructions. The growing prevalence of such conditions is likely to amplify progress for effective biliary treatments, including stents, and in turn, strengthen the regional market trends.
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Product launch initiatives from key players to define biliary stents market landscape
Some of the major participants in the biliary stents industry include Boston Scientific, B Braun Melsungen, Olympus Corporation, M.I Tech, CONMED Corporation, C.R. Bard (Becton, Dickinson & Company), ENDO-FLEX GmbH, Medtronic plc, and Cardinal Health, among many others.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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