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Biliary Stents Market Size
- Report ID: GMI4034
- Published Date: Dec 2022
- Report Format: PDF
Biliary Stents Market Size
Biliary Stents Market size surpassed USD 394.5 million in 2022 and is anticipated to record more than 5.5% CAGR between 2023-2032. Technological advancements in detection and treatment of gastrointestinal diseases will augment industry share.
Rising number of patients suffering from gallstones and the growing prevalence of pancreatic and bile duct cancers will increase the use of biliary stents across the world. For instance, according to the American Cancer Society, close to 8,000 people in the U.S. are diagnosed with bile duct cancer (cholangiocarcinoma) annually. Furthermore, the rising adoption of endoscopic retrograde cholangiopancreatography (ERCP) and percutaneous transhepatic cholangiography (PTC) procedures will also boost the demand for biliary stents significantly, thereby augmenting the market expansion.
Technological advancements in the detection and treatment of gastrointestinal diseases, including bile duct obstruction, are leading to several advantages, such as lesser chances of infection, shorter hospital stays, and quicker recovery. Other technological innovations, such as self-expandable metallic stents and bioresorbable stents, enable larger lumen that allows improved patency rate and decreased biofilm formation. Enhanced accuracy levels of ERCP and PTC tests and the burgeoning adoption of minimally invasive surgeries through effective diagnosis procedures are also promoting the usage of biliary stents.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Biliary Stents Market Size in 2022: | 394.8 Million (USD) |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.7% |
| 2032 Value Projection: | 699.5 Million (USD) |
| Historical Data for: | 2018 to 2032 |
| No. of Pages: | 139 |
| Tables, Charts & Figures: | 181 |
| Segments covered: | Product Type, Application, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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However, various risks and complications associated with bile duct stents might hinder the biliary stents market growth. Risk factors such as tumor ingrowth can cause blockage in stents, leading to the buildup of microbial colonies or biofilm formation due to the accumulation of obstructing material. Another severe complication of biliary stenting is the risk of a hole forming in the duodenum during or after the stent placement, which can cause bleeding or infection and create other major problems. These factors may also impede market progress to some extent.
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Biliary Stents Market Scope
