Pancreatic and Bile Duct Stone Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Bile duct and pancreatic stones are collectively also known as gallstones. They are small, pebble-like objects formed by pancreas or the gallbladder hardened fluids. The gallstones that remain in the gallbladder may not cause harm; however, when a gallstone moves to the bile duct and gets stuck, it is known as biliary stone. It can develop anywhere in the biliary tract where there is bile, such as within the liver, gallbladder, and common bile duct, and it can result in infection and other serious problems. The pancreatic stones are typically made of pieces of calcium carbonate that have hardened due to digestive enzymes and got stuck in the duct leading from the pancreas to the small intestine. The symptoms include inflammation, bacterial infection, and severe organ damage can also occur. Both kinds of gallstones can usually be treated using advanced endoscopic techniques, including ERCP.

MARKET SCOPE

The

"Global Pancreatic and Bile Duct Stone Management Market Analysis to 2031"

is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pancreatic and bile duct stone management market with detailed market segmentation by product, indication, application, and geography. The report provides key statistics on the market status of the leading pancreatic and bile duct stone management market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on product, the global pancreatic and bile duct stone management market is segmented into ERCP catheters, guidewires, sphincterotomes, dilation balloon catheters, extraction balloon catheters, extraction basket catheters, biliary stents and others.
  
•  On the basis of indication, the market is bifurcated into pancreatic stones and bile duct stone.
  
•  On the basis of application, the market is segmented into hospitals, ambulatory surgical centers and speciality clinics.
  

MARKET DYNAMICS

Drivers

•   Increasing prevalence of common bile duct and pancreatic stone diseases resulting in growing stone retrieval procedures and minimally-invasive stone extraction procedures drive the pancreatic and bile duct stone management market growth.
  
•   Growing technological advancements in pancreatic and bile duct stone management products and increasing launches of highly sophisticated endoscopic medical devices boost the market growth.
  
•   Growing healthcare expenditure, early diagnosis, and increasing awareness propel the market growth.
  
•   Increasing focus on clinical effectiveness and rising funding the research & development of novel pancreatic and bile duct stone management products fuel the market growth.
  

Restraints

•   Stringent government regulation.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The pancreatic and bile duct stone management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the pancreatic and bile duct stone management market in these regions.

IMPACT OF COVID-19 ON PANCREATIC AND BILE DUCT STONE MANAGEMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The outbreak of the COVID-19 pandemic is adversely affecting the pancreatic and bile duct stone management market. As the number of covid cases is rising daily, healthcare institutes and clinics are giving primary preference to patients suffering from COVID-19 because of the shortage of resources and the increased need for assistance facilities. All other non-essential medical procedures have been canceled or postponed by hospitals, such as pancreatic treatments, bile duct stone treatment, and follow-up visits for non-urgent reasons. Only emergency medical surgeries are allowed to be carried out. Therefore, the market is expected to witness slow growth in the near future.

MARKET PLAYERS

The report covers key developments in the pancreatic and bile duct stone management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from pancreatic and bile duct stone management market are anticipated to have lucrative growth opportunities in the future with the rising demand for pancreatic and bile duct stone management in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pancreatic and bile duct stone management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Boston Scientific Corporation
  
•  Cook Medical
  
•  Medtronic Inc.
  
•  CR BARD Inc (Becton, Dickinson and Company)
  
•  Olympus Endoscopy
  
•  Cordis (Cardinal Health Inc.)
  
•  Taewoong Medical Co., Ltd.
  
•  Conmed Endoscopic Technologies
  
•  Argon Medical Devices
  
•  Medi-Globe (ENDO-Flex) GmbH
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Pancreatic and Bile Duct Stone Management Report Scope