Global Biliary Stent Market to Grow at a CAGR of 4.9% During the Period 2024-2032, Driven by Increasing Number of Procedures Involving Biliary Stents

The global biliary stent market is expected to be driven by an increase in the number of procedures involving the use of biliary stents. North America, Europe and Asia Pacific are expected to be key markets.

Biliary stents are employed to enable the drainage of bile into the digestive tract, usually in the palliation of malignant biliary obstruction; these are also used in benign conditions such as biliary fistulas or benign biliary strictures.

Leading companies are engaged in the development of advanced solutions. For example, in 2019, Olympus announced the launch of two additional HANAROSTENT self-expanding metal stents (SEMS) at Digestive Disease Week (DDW) 2019. Such developments are expected to boost the global biliary stent market. The new additions to the Olympus EndoTherapy portfolio for advanced procedures included the 510(k) cleared HANAROSTENT LowAx Colonic and Duodenal Uncovered Stents made by M.I. Tech and now distributed exclusively through Olympus in the U.S.

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In 2022, Veryan Medical Inc. was awarded a group purchasing agreement for peripheral and biliary stents with Premier, Inc. The new agreement would allow Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for the BioMimics 3D Vascular Stent System.

In 2019, Q3 Medical Devices Limited entered into a distribution agreement with Medtronic plc for ARCHIMEDES, the first to market fully biodegradable biliary and pancreatic stent designed as an alternative to traditional plastic stents. Medtronic’s Gastrointestinal and Hepatology business agreed to a six-year, exclusive agreement to distribute ARCHIMEDES biodegradable stent in western EU, US, and Japan, with rights to other regions.

In 2019, the U.S. Food and Drug Administration (FDA) cleared the BrightWater Medical ConvertX® Biliary Stent System for treatment of biliary obstructions. According to the company, this was the first temporary stent cleared by the FDA for sale in the United States. Such developments are expected to stimulate the global biliary stent market. The ConvertX System provided interventional radiologists with a percutaneous plastic biliary stent option and was devised to do remove the requirement for a second invasive procedure.

Key Findings of the Report:

• The global biliary stent market is expected to be driven by increasing number of procedures involving biliary stents.

• The global market is likely to be stimulated by advanced solutions offered by leading companies.

• North America, Europe and Asia Pacific are projected to be key markets.

Market Analysis by Type, Application, End Use and Region:

• By type, the market is segmented into Metal Stents and Polymer Stents.

• By application, the market is divided into Malignant Obstruction, Biliary Leaks, Benign Biliary Structures, and Others.

• By end use, the market is classified into Diagnostic Laboratories, Hospitals, Ambulance Surgical Centres, Specialty Clinics, Research and Academic Institutes, and Others.

• By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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