The global non-vascular stents market is poised for robust growth, with an expected compound annual growth rate (CAGR) of 4.5% over the forecast period from 2022 to 2032. Valued at USD 1.21 billion in 2022, the market is projected to reach an impressive USD 1.9 billion by 2032, driven by the increasing demand for minimally invasive procedures and advancements in stent technology.
One of the primary factors fueling this growth is the rising preference for minimally-invasive procedures. These procedures, which involve smaller, precise incisions, result in minimal scarring compared to traditional surgical techniques. This enhances patient safety and offers a significant impetus for the adoption of non-vascular stents. Moreover, the reduced recovery time associated with these surgeries translates to shorter hospital stays, making them an attractive option for patients.
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Furthermore, patients are less likely to contract hospital-acquired illnesses like bloodstream infections and urinary tract infections if they stay in the hospital for a shorter period of time, in turn, propelling the demand for non-vascular stents.
The most visible and prominent factor spiking the sales of non-vascular stents is a surge in cases of chronic obstructive pulmonary disease (COPD), which is caused by smoking, lung cancer, tracheobronchial malacia, and chemical exposure.
Key Takeaways:
- Based on product type, the urological stents segment is likely to dominate the non-vascular stents market with a CAGR of 4.3% through 2032.
- The US non-vascular stents market is expected to capture a sizeable non-vascular stents market share accounting for around USD659.1 million by 2032.
- By 2032, the UK non-vascular stents market is expected to be valued at USD 80.6 million, growing at a CAGR of 3.3%.
- With a CAGR of 3.6% during the forecast period, China non-vascular stents market size is predicted to be apprised at USD 128.1 million by 2032.
- The Japan non-vascular stents market, with a CAGR of 3.9%, is projected to garner a worth of USD 109.8 million by 2032.
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Competitive Landscape:
- Some of the leading non-vascular stents companies include Medtronic plc, Glaukos Corporation, Boston Scientific Corporation, ELLA – CS, s.r.o., CONMED Corporation.
- One of the recent developments in the non-vascular stents market is when Medtronic acquired Medicrea, a fully dedicated spinal implant company focused on bringing reliable and cutting-edge technology to the global market.
Key Players:
- Medtronic plc.
- Glaukos Corporation
- Boston Scientific Corporation
- ELLA – CS, s.r.o.
- CONMED Corporation
Key Segments:
By Product:
- Gastrointestinal Stents
- Biliary
- Duodenal
- Colonic
- Pancreatic
- Oesophageal Stents
- Pulmonary Stents
- Silicone Airway
- Metallic Airway
- Urological Stents
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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