Pancreatic Stents Market Size & CAGR (2023-2031)
The Pancreatic Stents Market is expected to register a CAGR of 6.05 % 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 (Plastic Stents, Metal Stents). Also, the report is segmented based on End User (Hospitals, Clinics). 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 Pancreatic 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.
Pancreatic Stents Market Segmentation
Product- Plastic Stents
- Metal Stents
- Hospitals
- Clinics
Strategic Insights
Pancreatic Stents Market Growth Drivers- Rising Incidence of Pancreatic Diseases: There is a surge in the number of patients suffering from pancreatic diseases especially chronic pancreatitis and pancreatic cancer which leads to the need for pancreatic stents. Pancreatic diseases tend to cause blockages in the bile or pancreatic ducts thus stenting procedures are performed so as to restore normal functioning of the ducts. As the number of this kind of cases in the population increases, the healthcare systems have to turn to the use of stents in providing treatment solutions which in turn leads to an increase in the market.
- Technological Advancements in Stent Design : Diligently, researchers focus on the development of newer versions of stents and this has promoted the safety of the entire process of pancreatic stenting. Newer forms of stents such as biodegradable stents or drug eluting stents are also available to reduce effects such as infections or re-obstruction. These benefits improve the results of stenting procedures for patients as well as increase the growth of their use in practice promoting the market for sophisticated pancreatic stents.
- Minimally Invasive Procedures: Another major factor that is driving the pancreatic stents market is the rising demand for minimally invasive techniques in gastrointestinal procedures. For instance, stents can be fitted with precision to the patient’s anatomy without him or her taking much time to recover, thanks to ERCP. Therefore, with the continued improvement of minimally invasive measures over invasive surgiest where stents are used he demand for these stents will increase hence leading to further growth of this market.
- Drug-Eluting Stent Implants: Current drug-eluting stent implants observe continued progression within this sector on account of the technological advances in bioabsorbable scaffolds. This is because the… These stents are also associated with lowenski amorphophallus reduction and attractive from cost-perspective. The drug-eluting properties prevent effects of inflammatory response as well as its complications. Such advanced innovations in stents are expected to represent the new gold standard of treatment with great momentum in the market.
- Focus on Targeted Dosing and Stenting Therapy: Transformation of the pancreatic stents market influenced by the growing need of the targeted, tailored and precision medicine approaches. For example outstanding results can be obtained whenever the stent selection methodology is modified according to the particular condition of a particular patient. This includes the nature of the patient’s pancreatic condition and the unique anatomical features of the patient. Modern imaging and genetic methods allow physicians to select the optimal stent for a particular patient without a large number of therapeutic attempts. As a result, this tendency towards individualised care increases the popularity of personalized stenting and enlarges the clinical sphere of innovative stenting.
- Trend of Caring About Patients More Than Ever Before: Personalized medicine is affecting the pancreatic stents market in the way that proper selection of stent is made depending on patients’ specifics, including the disease type and the anatomy. Nowadays, as diagnostics and imaging technologies develop, surgeons are able to pick the best type of stent for a particular patient, which enhances treatment through less complications and increasing demand for specific designs of stents.
- Development of Stent Design and Stents Materials: Stent development is still ongoing with the new trends such as biodegradable stents and self-expanding stents. They help reduce the probabilities of complications, increases comfort to the patient and the stent removal is not necessary. As manufacturers are still developing stent technology, it will be possible to gain even more of the market by providing more efficient and convenient stents to patients.
- Palliation for Patients with Pancreatic Cancer: As surgery is often too late in the disease process for many patients diagnosed with pancreatic cancer, there is a large need for palliative care interventions such as inserting biliary stents. Patients who are being diagnosed and treated much earlier are of course surviving for longer periods and therefore there is going to be an increased need for the treatments of stents to help with the duct obstruction caused by the tumors. This increase in the number of patients targeted for such stents is a great opportunity for companies dealing with stent manufacturing for cancer patients.
- Expansion in Emerging Markets: The developing countries such as India, Brazil and Others are having better healthcare systems and increasing incidences of pancreatic-related illnesses. Such regions are experiencing wider availability of advanced health care services, including minimally invasive surgery, which comprises endoscopic procedures. With the continued progression of economic dynamics, the anticipated need for efficient and cost-effective pancreatic stents will increase, which will aid in the market expansion in these areas.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pancreatic 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 Pancreatic 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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Frequently Asked Questions
Approximately 150-200 word file pages is the standard report
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Becton, Dickinson and Company, C. R. Bard, and Boston Scientific Corporation players accounted for more than 40% market shares in the year 2023
Asia Pacific region is the fastest growing in the market
Metal Stents type segments accounts for major share in the market
The Pancreatic Stents Market is estimated to witness a CAGR of 6.05 % from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pancreatic Stents Market - By Product
1.3.2 Pancreatic Stents Market - By End User
1.3.3 Pancreatic Stents Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PANCREATIC 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. PANCREATIC 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 AND RESTRAINTS
6. PANCREATIC STENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. PANCREATIC STENTS - GLOBAL MARKET OVERVIEW
6.2. PANCREATIC STENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PANCREATIC STENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PLASTIC STENTS
7.3.1. Overview
7.3.2. Plastic Stents Market Forecast and Analysis
7.4. METAL STENTS
7.4.1. Overview
7.4.2. Metal Stents Market Forecast and Analysis
8. PANCREATIC 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. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
9. PANCREATIC STENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pancreatic Stents Market Overview
9.1.2 North America Pancreatic Stents Market Forecasts and Analysis
9.1.3 North America Pancreatic Stents Market Forecasts and Analysis - By Product
9.1.4 North America Pancreatic Stents Market Forecasts and Analysis - By End User
9.1.5 North America Pancreatic Stents Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pancreatic Stents Market
9.1.5.1.1 United States Pancreatic Stents Market by Product
9.1.5.1.2 United States Pancreatic Stents Market by End User
9.1.5.2 Canada Pancreatic Stents Market
9.1.5.2.1 Canada Pancreatic Stents Market by Product
9.1.5.2.2 Canada Pancreatic Stents Market by End User
9.1.5.3 Mexico Pancreatic Stents Market
9.1.5.3.1 Mexico Pancreatic Stents Market by Product
9.1.5.3.2 Mexico Pancreatic Stents Market by End User
9.2. EUROPE
9.2.1 Europe Pancreatic Stents Market Overview
9.2.2 Europe Pancreatic Stents Market Forecasts and Analysis
9.2.3 Europe Pancreatic Stents Market Forecasts and Analysis - By Product
9.2.4 Europe Pancreatic Stents Market Forecasts and Analysis - By End User
9.2.5 Europe Pancreatic Stents Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pancreatic Stents Market
9.2.5.1.1 Germany Pancreatic Stents Market by Product
9.2.5.1.2 Germany Pancreatic Stents Market by End User
9.2.5.2 France Pancreatic Stents Market
9.2.5.2.1 France Pancreatic Stents Market by Product
9.2.5.2.2 France Pancreatic Stents Market by End User
9.2.5.3 Italy Pancreatic Stents Market
9.2.5.3.1 Italy Pancreatic Stents Market by Product
9.2.5.3.2 Italy Pancreatic Stents Market by End User
9.2.5.4 Spain Pancreatic Stents Market
9.2.5.4.1 Spain Pancreatic Stents Market by Product
9.2.5.4.2 Spain Pancreatic Stents Market by End User
9.2.5.5 United Kingdom Pancreatic Stents Market
9.2.5.5.1 United Kingdom Pancreatic Stents Market by Product
9.2.5.5.2 United Kingdom Pancreatic Stents Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pancreatic Stents Market Overview
9.3.2 Asia-Pacific Pancreatic Stents Market Forecasts and Analysis
9.3.3 Asia-Pacific Pancreatic Stents Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Pancreatic Stents Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Pancreatic Stents Market Forecasts and Analysis - By Countries
9.3.5.1 China Pancreatic Stents Market
9.3.5.1.1 China Pancreatic Stents Market by Product
9.3.5.1.2 China Pancreatic Stents Market by End User
9.3.5.2 India Pancreatic Stents Market
9.3.5.2.1 India Pancreatic Stents Market by Product
9.3.5.2.2 India Pancreatic Stents Market by End User
9.3.5.3 Japan Pancreatic Stents Market
9.3.5.3.1 Japan Pancreatic Stents Market by Product
9.3.5.3.2 Japan Pancreatic Stents Market by End User
9.3.5.4 South Korea Pancreatic Stents Market
9.3.5.4.1 South Korea Pancreatic Stents Market by Product
9.3.5.4.2 South Korea Pancreatic Stents Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pancreatic Stents Market Overview
9.4.2 Middle East and Africa Pancreatic Stents Market Forecasts and Analysis
9.4.3 Middle East and Africa Pancreatic Stents Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Pancreatic Stents Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Pancreatic Stents Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pancreatic Stents Market
9.4.5.1.1 South Africa Pancreatic Stents Market by Product
9.4.5.1.2 South Africa Pancreatic Stents Market by End User
9.4.5.2 Saudi Arabia Pancreatic Stents Market
9.4.5.2.1 Saudi Arabia Pancreatic Stents Market by Product
9.4.5.2.2 Saudi Arabia Pancreatic Stents Market by End User
9.4.5.3 U.A.E Pancreatic Stents Market
9.4.5.3.1 U.A.E Pancreatic Stents Market by Product
9.4.5.3.2 U.A.E Pancreatic Stents Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pancreatic Stents Market Overview
9.5.2 South and Central America Pancreatic Stents Market Forecasts and Analysis
9.5.3 South and Central America Pancreatic Stents Market Forecasts and Analysis - By Product
9.5.4 South and Central America Pancreatic Stents Market Forecasts and Analysis - By End User
9.5.5 South and Central America Pancreatic Stents Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pancreatic Stents Market
9.5.5.1.1 Brazil Pancreatic Stents Market by Product
9.5.5.1.2 Brazil Pancreatic Stents Market by End User
9.5.5.2 Argentina Pancreatic Stents Market
9.5.5.2.1 Argentina Pancreatic Stents Market by Product
9.5.5.2.2 Argentina Pancreatic Stents Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PANCREATIC STENTS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. PANCREATIC STENTS MARKET, KEY COMPANY PROFILES
12.1. BECTON, DICKINSON AND COMPANY,
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BOSTON SCIENTIFIC CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. C. R. BARD
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CANTEL MEDICAL CORPORATION
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CONMED CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. COOK GROUP INCORPORATED
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. DIAGMED HEALTHCARE LTD
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ENDO-FLEX GMBH
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. MERIT MEDICAL SYSTEMS, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. OLYMPUS CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Becton, Dickinson and Company,
2. Boston Scientific Corporation
3. C. R. Bard
4. Cantel Medical Corporation
5. ConMed Corporation
6. Cook Group Incorporated
7. Diagmed Healthcare Ltd
8. ENDO-FLEX GmbH
9. Merit Medical Systems, Inc.
10. Olympus Corporation
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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