Biliary Stents Market Analysis

Biliary Stents Market Analysis

Biliary stents market size from polymer stent products is expected to register more than 5% CAGR through 2032. The robust product adoption is attributed to the usage of hydrophobic materials that are relatively inexpensive compared to their metal counterparts. Polymer stents placed in the bile duct also safeguard the protective barrier function of the sphincter of Oddi, through the prevention of bacteria formation in the biliary tract and the stent. Various other advantages of polymer stents, including easy removal, cost saving, and minimal hospital stay are also expected to boost product consumption.
 

Biliary stents market share from benign biliary structure applications is projected to be valued at more than USD 29 million by 2032. The strong need for these stents is attributed to the increasing prevalence of cancer, chronic illness, and liver disease. Also, the incidence rate of bile duct injury is approximately 0.2-0.3%, and close to 0.4-0.6% after an open cholecystectomy procedure. These aspects are anticipated to positively impact the industry trends.

Biliary stents market revenue from specialty clinics end-use segment is estimated to cross USD 26.5 million by 2032. The overall network of these clinics is growing at a notable rate across developed and developing nations, presenting significant treatment options to patients suffering from chronic ailments. Also, more patients, especially among the elderly population, are opting for minimally invasive surgical procedures as they cause minimal scarring and enhance patient outcomes. This will have a significant impact on the demand for endoscopic biliary stent surgeries, thereby bolstering product adoption in facilities such as specialty clinics.

Latin America biliary stents market size is projected to depict more than 4.5% CAGR through 2032. The healthcare sector in the region is witnessing substantial growth due to heavy investments by governments in a wide range of innovative medical technologies. Several hospitals and ambulatory surgical centers in the region are being equipped with advanced diagnostic technologies, which will play a vital role in the development of the biliary stents industry in Latin America.