Pancreatic and Biliary Stents Market Share: Key Insights and Trends
The global pancreatic and biliary stents market share is expected to witness significant growth in the coming years. Pancreatic and biliary stents are medical devices used to treat various conditions related to the pancreas and bile ducts, such as pancreatic cancer, gallstones, and strictures.
One of the key factors driving the market growth is the increasing prevalence of pancreatic and biliary disorders worldwide. The rising incidence of pancreatic cancer, gallbladder diseases, and other conditions necessitates the use of stents for effective treatment. Additionally, the growing geriatric population, who are more prone to these diseases, further contributes to market expansion.
Technological advancements in stent design and materials have also played a crucial role in propelling market growth. Manufacturers are constantly innovating to develop stents with improved biocompatibility, flexibility, and durability. These advancements have led to better patient outcomes and increased adoption rates.
Furthermore, favorable reimbursement policies for stent placement procedures have positively impacted market growth. Governments across In addition, the rising prevalence of cardiovascular diseases worldwide has also contributed to the growing demand for stents and is expected to drive market expansion in the coming years.
The Pancreatic and Biliary Stents Market Size were expected to grow at a CAGR of 6.8% over the forecast period 2023-2030.
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KEY MARKET SEGMENTATION:
By Product Type
- Metal Stents
- Plastic Stents
By Applications
- Bilio-pancreatic leakages
- Pancreatic Cancer
- Benign Biliary strictures
- Others
By End Users
- Hospitals
- Ambulatory Surgical Centers
- Speciality Clinics
- Others
Some of the major key players are as follows: Boston Scientific Corp, Becton Dickinson and Co, ConMed Corp, Hobbs Medical Inc Medtronic Plc, Olympus Corp, Hellman & Friedman LLC., Cook Group Inc, W. L. Gore & Associates Inc, and other players.
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