Biliary Stents Market Trends and Forecast (2021-2031)
The Biliary Stents Market is expected to register a CAGR of 5.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Biliary Plastic Stents, Biliary Metal Stents). The report further presents analysis based on the End User (Hospitals, Ambulatory Surgical Centers, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Biliary Stents Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Biliary Stents Market Segmentation
Product- Biliary Plastic Stents
- Biliary Metal Stents
- Hospitals
- Ambulatory Surgical Centers
- Others
Strategic Insights
Biliary Stents Market Growth Drivers- Rising Incidence of Biliary Disorders: Such biliary disorders, for example, cholangiocarcinoma, gallstones, and pancreatitis, have become more rampant globally in recent times. The reasons leading to such diseases include rising rates of obesity, unhealthy diets, and sedentary lifestyle. The WHO statistics indicate that region-specific areas with high obesity rates experience more gallbladder diseases, hence the need for proper therapeutic solutions-therefore, an increased demand for biliary stents. In addition, an elderly population is prone to biliary diseases. As the world is aging, the prevalence of disorders treated using biliary interventions is most likely to rise, which will propel the market further.
- Technological Advancements in Stent Design: Continuous innovation in the design and materials of biliary stents is significantly improving their effectiveness and safety. The conventional stents made of plastics have limitations regarding patency and biocompatibility, but the new materials that now comprise the landscape in order are biodegradable stents and drug-eluting stents, among others. A drug-eluting stent is a new type of drug-coated stent used mainly to prevent restenosis, or the re-narrowing of the bile duct, that occurs following a balloon angioplasty. Biodegradable stents dissolve, helping prevent having to perform other interventions because of the need to remove the stent. Technology-enhanced products such as these not only aid in the betterment of the outcomes but also make the biliary stents more appealing to the health care providers, which directly affects the growth of the market.
- Shift Towards Minimally Invasive Procedures: The healthcare industry is increasingly shifting to minimally invasive practices, where recovery time is shorter, the risks of complications are minimal, and the length of stay in the hospital is minimal. One such practice is biliary stenting by ERCP, or endoscopic retrograde cholangiopancreatography. Surgeons and gastroenterologists are increasingly accepting and using these methods, thereby increasing the need for biliary stents. These trends are supported by favorable reimbursement policies and the growing clinical evidence, which demonstrates these procedures in terms of effectiveness and safety.
- Integration of Digital Technologies: The integration of digital technologies into procedures, such as biliary stenting, is an important trend, including artificial intelligence and machine learning. AI can support the pre-procedure phase in terms of planning, image analysis, and risk assessment and subsequently enhance the efficiency and effectiveness of procedures. Telemedicine for follow-up care can improve patients' engagement and satisfaction.
- Increased Focus on Regulatory Compliance and Quality Control: Since the market is growing, so are the rules for the clearance and follow up of biliary stents. The regulations have to be made increasingly stringent with high-quality controls that companies need to invest in meeting international standards for the safety and efficacy of the products sold in the market. In this context, maintaining a strong compliance framework is the only way to be competitive.
- Sustainability and Biocompatibility: An awareness about sustainability has been brought, and due to this awareness, the demand for sustainable medical devices has increased. At present, manufacturers increasingly design their products from biocompatible materials and minimize environmental impact while maintaining patient safety. This movement is consistent with the overall trend in the healthcare industry regarding the need for sustainability and responsible manufacturing.
- Emerging Markets: There are huge growth opportunities in the biliary stents market in emerging economies. In Asia-Pacific, Latin America, and the Middle East, the healthcare expenditure is up and improving the overall infrastructure and rising awareness about biliary diseases is building a positive outlook for biliary stents adoption in this region by healthcare providers. The ability of enhanced access to health services and treatments for greater numbers of patients to propel demand for biliary stenting upwards is a high probability. This opens up an opportunity for players in the market who may refine their products and market strategies for local requirements.
- Expanding Application Areas: Biliary stents are used not only in malignant obstructions but also gaining momentum in benign conditions and post-surgical contexts. Thus, the scope for expansion will provide considerable opportunities for significant growth in this market. For instance, biliary stents are increasingly used for preoperative drainage in patients planned for surgery for cancers of the pancreas or the liver. There is the possibility of specific stent development for certain indications, such as pediatric patients or some special anatomical condition. Those firms that are investing in research and development can expect to reap enormous benefits when they widen the clinical applications of biliary stents.
- Focus on Patient-Centric Innovations: The significant shift within the healthcare paradigm-the move to patient-centered care-each relies significantly on the development of products to enhance the patient experience per se: less discomfort with stent placement, longer stent longevity, prevention of complications related to stents. This focus will enable companies to innovate in the design of stents so that the comfort and outcomes of patients are considered. Establishing insight from the healthcare providers about the needs of patients for more effective and user-friendly products can put companies on favorable ground in a competitive landscape.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Biliary Stents Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Biliary Stents Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Biliary Plastic Stents segment, by product, dominated the market in 2023.
Players operating in the market are Medtronic, Terumo Corporation, B. Braun Melsungen Ag, Cook, Abbott, Boston Scientific Corporation, Conmed Corporation, Biotronik Se and Co. Kg
Expanding Application Areas act as a opportunity for growth of the market in forecast period.
North America region dominated the Biliary Stents market in 2023.
The Biliary Stents Market is estimated to witness a CAGR of 5.3% from 2023 to 2031
The major factors driving the Biliary Stents market are:
1. Technological Advancements in Stent Design
2.Rising Incidence of Biliary Disorders
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Biliary Stents Market - By Product
1.3.2 Biliary Stents Market - By End User
1.3.3 Biliary Stents Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BILIARY STENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BILIARY STENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BILIARY STENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. BILIARY STENTS - GLOBAL MARKET OVERVIEW
6.2. BILIARY STENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BILIARY STENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BILIARY PLASTIC STENTS
7.3.1. Overview
7.3.2. Biliary Plastic Stents Market Forecast and Analysis
7.4. BILIARY METAL STENTS
7.4.1. Overview
7.4.2. Biliary Metal Stents Market Forecast and Analysis
8. BILIARY STENTS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AMBULATORY SURGICAL CENTERS
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. BILIARY STENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Biliary Stents Market Overview
9.1.2 North America Biliary Stents Market Forecasts and Analysis
9.1.3 North America Biliary Stents Market Forecasts and Analysis - By Product
9.1.4 North America Biliary Stents Market Forecasts and Analysis - By End User
9.1.5 North America Biliary Stents Market Forecasts and Analysis - By Countries
9.1.5.1 United States Biliary Stents Market
9.1.5.1.1 United States Biliary Stents Market by Product
9.1.5.1.2 United States Biliary Stents Market by End User
9.1.5.2 Canada Biliary Stents Market
9.1.5.2.1 Canada Biliary Stents Market by Product
9.1.5.2.2 Canada Biliary Stents Market by End User
9.1.5.3 Mexico Biliary Stents Market
9.1.5.3.1 Mexico Biliary Stents Market by Product
9.1.5.3.2 Mexico Biliary Stents Market by End User
9.2. EUROPE
9.2.1 Europe Biliary Stents Market Overview
9.2.2 Europe Biliary Stents Market Forecasts and Analysis
9.2.3 Europe Biliary Stents Market Forecasts and Analysis - By Product
9.2.4 Europe Biliary Stents Market Forecasts and Analysis - By End User
9.2.5 Europe Biliary Stents Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Biliary Stents Market
9.2.5.1.1 Germany Biliary Stents Market by Product
9.2.5.1.2 Germany Biliary Stents Market by End User
9.2.5.2 France Biliary Stents Market
9.2.5.2.1 France Biliary Stents Market by Product
9.2.5.2.2 France Biliary Stents Market by End User
9.2.5.3 Italy Biliary Stents Market
9.2.5.3.1 Italy Biliary Stents Market by Product
9.2.5.3.2 Italy Biliary Stents Market by End User
9.2.5.4 Spain Biliary Stents Market
9.2.5.4.1 Spain Biliary Stents Market by Product
9.2.5.4.2 Spain Biliary Stents Market by End User
9.2.5.5 United Kingdom Biliary Stents Market
9.2.5.5.1 United Kingdom Biliary Stents Market by Product
9.2.5.5.2 United Kingdom Biliary Stents Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Biliary Stents Market Overview
9.3.2 Asia-Pacific Biliary Stents Market Forecasts and Analysis
9.3.3 Asia-Pacific Biliary Stents Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Biliary Stents Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Biliary Stents Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Biliary Stents Market
9.3.5.1.1 Australia Biliary Stents Market by Product
9.3.5.1.2 Australia Biliary Stents Market by End User
9.3.5.2 China Biliary Stents Market
9.3.5.2.1 China Biliary Stents Market by Product
9.3.5.2.2 China Biliary Stents Market by End User
9.3.5.3 India Biliary Stents Market
9.3.5.3.1 India Biliary Stents Market by Product
9.3.5.3.2 India Biliary Stents Market by End User
9.3.5.4 Japan Biliary Stents Market
9.3.5.4.1 Japan Biliary Stents Market by Product
9.3.5.4.2 Japan Biliary Stents Market by End User
9.3.5.5 South Korea Biliary Stents Market
9.3.5.5.1 South Korea Biliary Stents Market by Product
9.3.5.5.2 South Korea Biliary Stents Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Biliary Stents Market Overview
9.4.2 Middle East and Africa Biliary Stents Market Forecasts and Analysis
9.4.3 Middle East and Africa Biliary Stents Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Biliary Stents Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Biliary Stents Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Biliary Stents Market
9.4.5.1.1 South Africa Biliary Stents Market by Product
9.4.5.1.2 South Africa Biliary Stents Market by End User
9.4.5.2 Saudi Arabia Biliary Stents Market
9.4.5.2.1 Saudi Arabia Biliary Stents Market by Product
9.4.5.2.2 Saudi Arabia Biliary Stents Market by End User
9.4.5.3 U.A.E Biliary Stents Market
9.4.5.3.1 U.A.E Biliary Stents Market by Product
9.4.5.3.2 U.A.E Biliary Stents Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Biliary Stents Market Overview
9.5.2 South and Central America Biliary Stents Market Forecasts and Analysis
9.5.3 South and Central America Biliary Stents Market Forecasts and Analysis - By Product
9.5.4 South and Central America Biliary Stents Market Forecasts and Analysis - By End User
9.5.5 South and Central America Biliary Stents Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Biliary Stents Market
9.5.5.1.1 Brazil Biliary Stents Market by Product
9.5.5.1.2 Brazil Biliary Stents Market by End User
9.5.5.2 Argentina Biliary Stents Market
9.5.5.2.1 Argentina Biliary Stents Market by Product
9.5.5.2.2 Argentina Biliary Stents Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BILIARY STENTS MARKET, KEY COMPANY PROFILES
11.1. MEDTRONIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. TERUMO CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. B. BRAUN MELSUNGEN AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COOK
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ABBOTT
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BOSTON SCIENTIFIC CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CONMED CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BIOTRONIK SE AND CO. KG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ENDOTECH
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BIOSENSORS INTERNATIONAL GROUP, LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. MEDTRONIC
2. TERUMO CORPORATION
3. B. BRAUN MELSUNGEN AG
4. COOK
5. ABBOTT
6. BOSTON SCIENTIFIC CORPORATION
7. CONMED CORPORATION
8. BIOTRONIK SE and CO. KG
9. ENDOTECH
10. BIOSENSORS INTERNATIONAL GROUP, LTD
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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