The global non-vascular stents market is expected to grow at a CAGR of 4.5% over the forecast period. (2022 – 2032). The sector is expected to be valued at USD 1.21 billion in 2022 and USD 1.9 billion by 2032.
The global non-vascular stents market is expected to move forward in response to the growing demand for minimally-invasive procedures. Rising technological and material advancements are assisting in the development of specially designed stents for use in a variety of indications thereby fueling the overall non-vascular stents market growth.
Non-vascular stents use small, precise incisions, resulting in scars that are smaller and less visible than those left by traditional surgical techniques, putting the patient’s safety in jeopardy. The above-mentioned feature is anticipated to provide impetus to the non-vascular stents market adoption trends in coming years. Such a surgery is associated with a faster recovery period, resulting in a shorter hospital stay for the patient, encouraging many to opt for the same.
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Furthermore, patients are less likely to contract hospital-acquired illnesses like bloodstream infections and urinary tract infections if they stay in the hospital for a shorter period of time, in turn, propelling the demand for non-vascular stents.
The most visible and prominent factor spiking the sales of non-vascular stents is a surge in cases of chronic obstructive pulmonary disease (COPD), which is caused by smoking, lung cancer, tracheobronchial malacia, and chemical exposure.
Key Takeaways:
- Based on product type, the urological stents segment is likely to dominate the non-vascular stents market with a CAGR of 4.3% through 2032.
- The US non-vascular stents market is expected to capture a sizeable non-vascular stents market share accounting for around USD659.1 million by 2032.
- By 2032, the UK non-vascular stents market is expected to be valued at USD 80.6 million, growing at a CAGR of 3.3%.
- With a CAGR of 3.6% during the forecast period, China non-vascular stents market size is predicted to be apprised at USD 128.1 million by 2032.
- The Japan non-vascular stents market, with a CAGR of 3.9%, is projected to garner a worth of USD 109.8 million by 2032.
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Competitive Landscape:
- Some of the leading non-vascular stents companies include Medtronic plc, Glaukos Corporation, Boston Scientific Corporation, ELLA – CS, s.r.o., CONMED Corporation.
- One of the recent developments in the non-vascular stents market is when Medtronic acquired Medicrea, a fully dedicated spinal implant company focused on bringing reliable and cutting-edge technology to the global market.
Key Players:
- Medtronic plc.
- Glaukos Corporation
- Boston Scientific Corporation
- ELLA – CS, s.r.o.
- CONMED Corporation
Key Segments:
By Product:
- Gastrointestinal Stents
- Biliary
- Duodenal
- Colonic
- Pancreatic
- Oesophageal Stents
- Pulmonary Stents
- Silicone Airway
- Metallic Airway
- Urological Stents
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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