This market research report includes a detailed segmentation of the global non-vascular stents market by application type (gastrointestinal stents, pulmonary stents, and urological stents). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Boston Scientific, Cook Medical, C.R. Bard, and Medtronic.
Technavio’s market research analysts estimate the global non-vascular stents market, to grow at a CAGR of more than 5% between 2016 and 2020. The rising preference for minimally invasive (MI) surgeries will impel the demand for non-vascular stents as they ensure less pain, shorter hospital stays, and faster recovery time. The Americas account for more than 47% of the total market share, owing to the rapid shift from open surgical therapy to endovascular procedures with technologically advanced devices.
The new market research report from Technavio provides a breakdown and analysis of the non-vascular stents segments by technology.
“The market is witnessing a rapid shift from open surgery to minimally invasive surgeries, implementation of initiatives to diagnose strictures and several new indications. Furthermore, there is growing use of biodegradable polymers in non-vascular stents, which eliminates the need for stent removal,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research
The urological stents segment currently dominates this market and accounts for a market share of approximately 56%. The ability of these stents to prevent blockage and enable better flow of urine from the kidneys will result in its augmented use for urological procedures during the forecast period.
The leading vendors in the global non-vascular stents market include Boston Scientific, Cook Medical, C.R. Bard, and Medtronic. This market is well organized and is highly competitive due to the presence of multiple large vendors like Boston and Cook Medical. In this market, the local or regional vendors compete with large vendors on the basis of providing products with advanced features and technologies.
A more detailed analysis is available in the Technavio report, Global Non-vascular Stents Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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