United States is expected to lead the non-vascular market with a CAGR of 3.9% during the forecast period, generating a revenue of US$659.1 million by 2032.
DUBAI, United Arab Emirates, Sept. 22, 2022 (GLOBE NEWSWIRE) — The non-vascular stents market The size accounted for US$1.21 billion in 2022 and is expected to generate revenue of US$1.9 billion by 2032, growing at a CAGR of 4.5% during the forecast period (2022-2032). ). The global non-vascular stents market is expected to grow in response to the growing demand for minimally invasive procedures. Increasing technological and material advancements are contributing to the development of stents specifically designed for use in a variety of indications, thus fueling the overall growth of the non-vascular stents market.
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Non-vascular stents use small, precise incisions, resulting in smaller and less visible scars than those left by traditional surgical techniques, putting patient safety at risk.
The above mentioned feature is expected to give impetus to the adoption trends of the non-vascular stents market in the coming years.
Such a surgery is associated with a faster recovery period, resulting in a shorter hospital stay for the patient, which encourages many to opt for the same.
Additionally, patients are less likely to contract hospital-acquired diseases such as blood infections and urinary tract infections if they stay in the hospital for a shorter period of time, which is driving the demand for non-vascular stents.
The most visible and significant factor driving up sales of non-vascular stents is an increase in cases of chronic obstructive pulmonary disease (COPD), which is caused by smoking, lung cancer, tracheobronchial malacia and exposure to chemicals.
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Many innovations are taking place in the non-vascular stent market as new medical devices are developed to monitor the gastrointestinal tract, urinary tract, and respiratory tract.
The non-vascular stents market trends are driven by rising healthcare expenditures in developing countries, advantageous medical reimbursement policies by governments and private insurance companies, and proliferation of hospitals and surgery centers ambulatory.
The Non-Vascular Stents market is segmented by Product Type and by Region, where by Product Type the market is bifurcated into Gastrointestinal Stents, Pulmonary Stents, Urology Stents, and Others.
And by region, the non-vascular stents market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Key points to remember:
Based on product type, urological stents segment is expected to lead the non-vascular stents market with a CAGR of 4.3% through 2032.
The US non-vascular stents market is expected to capture a major share of the non-vascular stents market accounting for approximately US$659.1 million by 2032.
By 2032, the UK non-vascular stents market is expected to be valued at US$80.6 million, growing at a CAGR of 3.3%.
With a CAGR of 3.6% during the forecast period, the Chinese non-vascular stents market size is expected to reach USD 128.1 million by 2032.
The Japanese non-vascular stents market, growing at a CAGR of 3.9%, is expected to earn US$109.8 million by 2032.
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Some of the leading non-vascular stent companies include Medtronic plc, Glaukos Corporation, Boston Scientific Corporation, ELLA – CS, sro, CONMED Corporation.
One of the recent developments in the non-vascular stent market is the acquisition of Medicrea by Medtronic, a spinal implant company wholly dedicated to bringing reliable, cutting-edge technology to the global market.
1.1. Global Market Outlook
1.2. Summary of statistics
1.3. Key Market Features and Attributes
1.4. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Assessment of risks and market trends
3.1. Risk assessment
3.1.1. COVID-19 crisis and impact on demand for non-vascular stents
3.1.2. Comparative analysis of the impact of COVID-19 with the previous crisis
3.1.3. Impact on market value (US$ millions)
3.2. Key trends impacting the market
3.3. Formulation and product development trends
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Take a look at related healthcare research reports:
Aortic Stent Graft Market Size: The global market for aortic stent grafts is expected to reach US$2.15 billion in 2022. With a growing preference for minimally invasive procedures, the overall market is expected to grow at a CAGR of 4.5%, reaching a valuation of about 2.8 billion by 2028.
Coronary Stents Market Growth: The market is expected to grow at a moderately high CAGR of 7% during the forecast period.
Aortic Stent Graft Market Technology: The global market for aortic stent grafts is expected to reach US$2.15 billion in 2022. With a growing preference for minimally invasive procedures, the overall market is expected to grow at a CAGR of 4.5%, reaching a valuation of about 2.8 billion by 2028.
Peripheral Vascular Stents Market Analysis: According to the latest industry analysis by IMF, the global peripheral vascular stents market reached a valuation of approximately US$3.5 billion in 2021 and is expected to reach a net worth of US$5.3 billion d 2028, expanding at a CAGR of 6% over the 2022-2028 benchmark period.
Phototherapy Lamps Market Forecast: The global phototherapy lamps market size reached US$3.0 billion in 2021 and is expected to enjoy a valuation of US$3.2 billion by the end of 2022.
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