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Global Biliary Stent Market to reach USD 605.43 million by the end of 2030.

Global Biliary Stent Market Size study & Forecast, by Material (Metal, Plastic), By Applications (Malignant Obstruction, Benign Biliary Strictures, Biliary Leaks, Others), By End-User (Hospitals, Specialty Clinics, Diagnostic Laboratories, Research and Academic Institutes, Ambulatory Surgical Centers, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-54545534
Publish Date: 1-07-2023
Page: 200

Global Biliary Stent Market is valued at approximately USD 394.5 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. Biliary stents are medical devices that are used to treat various conditions related to the bile ducts, which are part of the digestive system. The bile ducts are responsible for transporting bile, a fluid produced by the liver that helps digest fats, from the liver to the small intestine. The Biliary Stent market is expanding because of factors such as increasing biliary duct disorders and growing elderly aged population. Biliary stents are typically made of metal or plastic and are inserted into the bile ducts to help maintain their patency or to provide drainage in cases where the normal flow of bile is obstructed. They can be used for both temporary and permanent purposes, depending on the underlying condition being treated. Its prevalence has progressively increased during the last few decades.

According to Statista, in 2020, distant metastasis was the most common form of liver and bile duct cancer among Thai cancer patients, accounting for 87 new cases. Males made up the majority of new patients with liver and bile duct cancer during the same year. Furthermore, as per the American Society of Clinical Oncology, approximately 8,000 persons in the United States are diagnosed with bile duct cancer each year. People with intrahepatic bile duct cancer are diagnosed at an average age of 70. Another important component driving space is increase in elderly aged population. As geriatric and obese populations are predisposed to chronic diseases. According to the World Bank Group, in 2020, the world’s elderly population was 727 million, and it is expected to triple over the next three decades, reaching 1.5 billion in 2050. In addition, Japan has always been at the forefront in terms of the proportion of residents aged 65 and above, with almost 86,000 elderly individuals entirely living in the island nation in 2021. Also, rising adoption of minimally invasive medical equipment and growing pancreatic disorders would create a lucrative growth prospectus for the market over the forecast period. However, stringent government regulation stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Biliary Stent Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players in the region. According to the American Cancer Society, about 8,000 people in the United States are diagnosed with bile duct cancer each year. This includes both intrahepatic and extrahepatic bile duct cancer. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric and target populations, and geographic expansion of key players in the market space.

Major market players included in this report are:

Boston Scientific Corporation
Medtronic plc
Abbott Laboratories
Biosensors International Group
ENDO-FLEX GmbH
Richard Wolf GmbH
Olympus Corporation
CONMED Corporation
Becton, Dickinson and Company
Stryker Corporation,

Recent Developments in the Market:
Ø In April 2023, Boston Scientific acquired Apollo Endosurgery, a medical technology firm that specializes in the design, development, and commercialization of less invasive medical devices that enable gastrointestinal therapeutic endoscopy and Endo bariatrics.

Global Biliary Stent Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Material, Application, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material
Metal
Plastic

By Applications
Malignant Obstruction
Benign Biliary Strictures
Biliary Leaks
Others

By End-User
Hospitals
Specialty Clinics
Diagnostic Laboratories
Research and Academic Institutes
Ambulance Surgical Centers
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Biliary Stent Market, by Region, 2020-2030 (USD Million)
1.2.2. Biliary Stent Market, by Material, 2020-2030 (USD Million)
1.2.3. Biliary Stent Market, by Applications, 2020-2030 (USD Million)
1.2.4. Biliary Stent Market, by End-User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Biliary Stent Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Biliary Stent Market Dynamics
3.1. Biliary Stent Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing biliary duct disorders
3.1.1.2. Growing elderly aged population
3.1.2. Market Challenges
3.1.2.1. Stringent government regulations
3.1.3. Market Opportunities
3.1.3.1. Rising adoption of minimally invasive medical equipment
3.1.3.2. Growing pancreatic disorders

Chapter 4. Global Biliary Stent Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Biliary Stent Market, by Material
5.1. Market Snapshot
5.2. Global Biliary Stent Market by Material, Performance – Potential Analysis
5.3. Global Biliary Stent Market Estimates & Forecasts by Material 2020-2030 (USD Million)
5.4. Biliary Stent Market, Sub Segment Analysis
5.4.1. Metal
5.4.2. Plastic

Chapter 6. Global Biliary Stent Market, by Applications
6.1. Market Snapshot
6.2. Global Biliary Stent Market by Applications, Performance – Potential Analysis
6.3. Global Biliary Stent Market Estimates & Forecasts by Applications 2020-2030 (USD Million)
6.4. Biliary Stent Market, Sub Segment Analysis
6.4.1. Malignant Obstruction
6.4.2. Benign Biliary Strictures
6.4.3. Biliary Leaks
6.4.4. Others
Chapter 7. Global Biliary Stent Market, by End-User
7.1. Market Snapshot
7.2. Global Biliary Stent Market by End-User, Performance – Potential Analysis
7.3. Global Biliary Stent Market Estimates & Forecasts by End-User 2020-2030 (USD Million)
7.4. Biliary Stent Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Specialty Clinics
7.4.3. Diagnostic Laboratories
7.4.4. Research and Academic Institutes
7.4.5. Ambulatory surgical Centers
7.4.6. Others
Chapter 8. Global Biliary Stent Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Biliary Stent Market, Regional Market Snapshot
8.4. North America Biliary Stent Market
8.4.1. U.S. Biliary Stent Market
8.4.1.1. Material breakdown estimates & forecasts, 2020-2030
8.4.1.2. Applications breakdown estimates & forecasts, 2020-2030
8.4.1.3. End-User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Biliary Stent Market
8.5. Europe Biliary Stent Market Snapshot
8.5.1. U.K. Biliary Stent Market
8.5.2. Germany Biliary Stent Market
8.5.3. France Biliary Stent Market
8.5.4. Spain Biliary Stent Market
8.5.5. Italy Biliary Stent Market
8.5.6. Rest of Europe Biliary Stent Market
8.6. Asia-Pacific Biliary Stent Market Snapshot
8.6.1. China Biliary Stent Market
8.6.2. India Biliary Stent Market
8.6.3. Japan Biliary Stent Market
8.6.4. Australia Biliary Stent Market
8.6.5. South Korea Biliary Stent Market
8.6.6. Rest of Asia Pacific Biliary Stent Market
8.7. Latin America Biliary Stent Market Snapshot
8.7.1. Brazil Biliary Stent Market
8.7.2. Mexico Biliary Stent Market
8.8. Middle East & Africa Biliary Stent Market
8.8.1. Saudi Arabia Biliary Stent Market
8.8.2. South Africa Biliary Stent Market
8.8.3. Rest of Middle East & Africa Biliary Stent Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Boston Scientific Corporation
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Medtronic plc
9.3.3. Abbott Laboratories
9.3.4. Biosensors International Group
9.3.5. ENDO-FLEX GmbH
9.3.6. Richard Wolf GmbH
9.3.7. Olympus Corporation
9.3.8. CONMED Corporation
9.3.9. Becton, Dickinson and Company
9.3.10. Stryker Corporation

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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