Biliary Stents Market Showing Impressive Growth during Forecast Period 2021 - 2031

New York, Global Biliary Stents Market report from Global Insight Services is the single authoritative source of intelligence on Biliary Stents Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Biliary stents are small, tube-like devices that are used to open blocked bile ducts. Bile ducts are the small tubes that carry bile from the liver to the small intestine. Bile is a fluid that helps the body digest fats. When a bile duct becomes blocked, bile can back up into the liver and cause damage. Biliary stents are placed using a procedure called endoscopic retrograde cholangiopancreatography (ERCP). ERCP is a procedure in which a long, flexible tube (endoscope) is passed through the mouth and stomach and into the small intestine. A small, wire-thin tube (catheter) is then passed through the endoscope and into the bile duct. The stent is then passed through the catheter and into the bile duct. The stent is expanded and placed in the bile duct. The stent remains in place to keep the bile duct open.

Key Trends
There are several key trends in biliary stents technology. One is the development of new materials for the stents, such as biodegradable polymers and metals. Another is the development of new designs for the stents, such as those that can be expanded or contracted to fit the changing size of the bile duct. Still another trend is the development of new methods for attaching the stents to the bile duct, such as those that use magnets or barbs.

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Key Drivers
The key drivers of the Biliary stents market are the rising prevalence of gallstones and other biliary disorders, the growing preference for minimally invasive procedures, and the availability of advanced stent technology.

The rising prevalence of gallstones and other biliary disorders is the major factor driving the growth of the biliary stents market. According to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), the prevalence of gallstones in the United States is about 10-15%. Moreover, the incidence of biliary tract cancer is also increasing globally, which is expected to fuel the demand for biliary stents.

The growing preference for minimally invasive procedures is another key factor driving the market growth. Minimally invasive procedures are associated with several benefits such as shorter hospital stays, reduced risk of infection, and less pain and scarring. This is leading to the growing adoption of these procedures for the treatment of biliary disorders.

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Market Segments
The Biliary Stents Market is segmented by type, application, end-user, and region. By type, the market is divided into metal stents and polymer stents. Based on application, it is bifurcated into bilio-pancreatic leakages, pancreatic cancer, benign biliary strictures and gallstones. On the basis of end-use, it is classified into hospitals, specialty clinics, and ambulatory surgical centers. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players
The Biliary Stents Market includes players such as B. Braun Melsungen AG, Cook Medical Inc., Olympus Corporation, CONMED Corporation, M.I. Tech, Becton, Dickinson and Company, ENDO-FLEX GmbH, Cardinal Health, Merit Medical Systems, Inc. and Medtronic plc.

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