Published on : Aug 21, 2017
Albany, New York, August 21, 2017: Non-vascular stents are needed in the medical sector as an effective source to relieve the strictures in gastrointestinal tract, airway tracts and ureteral tract. The primary aim of a non-vascular stent is to permit free flow of body fluids. Over the years, the market for this medical device has increased due to the rising instances of chronic obstructive pulmonary disease (COPD) resulting from smoking, tracheobronchial malacia and lung cancer. To learn about the market for non-vascular stents in-depth, a fresh report has been added to the wide database of Market Research Hub (MRH). This research study is titled “Non-vascular Stents Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, which discusses the trends, prospects and growth factors for the non-vascular stents market forecasted until 2025.
As per key research particulars, the global non-vascular stents market is anticipated to expand at a steady pace by growing at a CAGR of 5.0% from 2017 to 2025. Considering this pace, the market is expected to acquire a value of worth US$730.5 mn by 2025 from US$475.0 mn in 2016.
It is interesting to know that, based on applications there are three different types of non-vascular stents, which are pulmonology stents, urology stents, and gastroenterology stents. Such stents are made with different material compositions. For example, metallic stents are made of stainless steel, elgiloy and nitinol alloys. On the other hand, non-metallic stents are made up of synthetic polymers like polyurethane, silicone and resins.
The research study starts with the market definition and scope followed by market segmentation and key research objectives. This section also includes information regarding the market definition which includes industry evolution and developments. The readers can also gain useful data in the form of market dynamics in relation to the non-vascular stents market. A stern focus on the market drivers, restraints, opportunities and trends is precisely highlighted in the report.
The next section of the research study discusses the market segmentation based on product type, material, end-user and region. On the basis of product type, the global non-vascular stents is segregated into pulmonology stents, urology stents, enteral stents, gastroenterology stents and biliary and pancreatic stents. Currently, the prime end-users are hospitals, ambulatory surgical centers and others. Geographically, the major regions targeted in this report are North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The concluding section of the report provides information about the profiles of major players in the market considering various attributes such as company overview, financial overview, SWOT analysis, key business strategies, recent developments and product portfolio. Some of the active players from the non-vascular stents market are Boston Scientific Corporation, C. R. Bard, Inc., Cook Group Incorporated, Taewoong Medical Co., Ltd. and Abbott Laboratories.
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