The “Non-Vascular Stents Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Non-Vascular Stents market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global Non-Vascular Stents Market size is expected to
value at USD 1.4 billion by 2025. The market is subject to witness a
substantial growth due to the increase in geriatric population, upsurge in
incidences related to chronic disorders, and rise in healthcare expenditure by
local governments. Furthermore, growing importance towards minimally invasive
surgeries across the globe is expected to drive growth of the market in
upcoming years.
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Increasing incidences related to the gastrointestinal
cancer across the globe, is further propelling demand for non-vascular stents.
Increase in the number of patients diagnosed with cancer are significantly
influencing growth of the market. Globally, the market is predicted to grow at
CAGR of 5.1% in forecast period, providing numerous opportunities for market
players to invest for research and development in the non-vascular stents
industry.
Geriatric population is more susceptible towards chronic
diseases including lung cancer, pancreatic cancer, colorectal cancer, and other
diseases such as stroke, asthma. Subsequently, increasing incidences related to
chronic obstructive pulmonary disorders (COPD), chronic pancreatitis, prostate
cancer, and glaucoma, are responsible for rising demand of non-vascular stents.
As per reports by World Health Organization (WHO),
geriatric population is expected to reach two billion by 2050. Additionally,
recent statistics presented by the American Cancer Society showcases as many as
thirty thousand individuals suffering from stomach cancer in the North America
region only. These factors are expected to fuel growth of the non-vascular
stents market in coming years.
Rising adoption of the minimally invasive techniques such
as nonvascular stenting is fueling the market growth of non-vascular stents.
The minimally invasive techniques performed by tiny incisions instead of one
large opening as they offer advantages such as quicker recovery times and less
discomfort over traditional surgery. Additional advantages associated with
adoption of minimally invasive techniques includes reduced pain during the surgery
and minimum surgical scars. Reduction in the overall operational cost in
comparison with traditional surgery techniques due to smaller incisions and
minimum side effects, are propelling the demand of non-vascular stents
industry.
The market is divided into regional market segment such
as North America, Europe, Asia-Pacific, Latin America and Africa. North America
and Europe have shown major growth in recent years owing to the rise adoption
of latest methodologies for the treatment of chronic diseases and existence
well-established healthcare infrastructure. Asia-Pacific region is predicted to
hold major market share in the non-vascular stents market with massive growth
in forecast period. Countries such as India, China and Singapore are leading
the Asia-Pacific market with favorable government initiatives for use of such
medical devices, rising geriatric population, and increasing healthcare
expenditure.
The key players in the non-vascular stents industry are
Medtronic Co., C. R. Bard Incoporations, Boston Scientific Co., Ella Co.,
Conmed Co., Hobbs Medical Incorporations, Cook Medical Co., Taewoong Medical
Corporations, Synchron Med Incorporations, and Glaukos Co.
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