As per the research report titled ‘Biliary Stents Market Size By Type (Metal Stents, Polymer Stents), By Application (Bilio-pancreatic Leakages, Pancreatic Cancer, Benign Biliary Strictures, Gallstones), By End-use (Hospitals, Specialty Clinics, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2022 – 2028’, available with MarketStudyReport, biliary stents market is expected to amass huge revenues during 2022 and 2028.

Growing consumer inclination towards minimally invasive surgery techniques, alongside increase in the number of patients with bile duct and chronic liver diseases across the globe are the factors aiding the augmentation in biliary stents market.

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Furthermore, technological advancements in gastrointestinal endoscopic surgeries, combined with booming geriatric population may uncover new avenues for market expansion in the forthcoming years.

Despite the positive outlook, expensive nature of plastic bile duct stents, and risks associated with bile duct stent surgeries may impede market growth during the forecast period.

Based on product type, the polymer stents sub-segment is expected to generate a substantial valuation of USD 158.6 million by 2028.

From the application perspective, the benign biliary strictures segment of biliary stents industry, which amassed a valuation of USD 14.9 million in 2021, is expected to record a robust growth rate through 2028.

Speaking of end-user scope, the specialty clinics sub-segment held 4.7% market share in 2021 and is speculated to continue to witness an upward trend in its growth trajectory during the analysis period.

Geographically, Latin America biliary stents market accounted for 5.7% revenue share in 2021 and is likely to garner to substantial renumeration by the end of 2028. Meanwhile, Middle East & Africa market is anticipated to record a y-o-y growth rate of 4% and surpass a sizable valuation by 2028.

The competitive terrain of this business sphere is majorly influenced by key players such as Merit Medical Systems Inc., Cardinal Health Inc., Medtronic plc, Endo-flex GmbH, C.R. Bard Inc., M.I. Tech Co. Ltd., Conmed Corporation, Olympus Corporation, Cook Medical Inc., and B. Braun Melsungen AG.

These companies are directing their efforts towards undertaking profitable business strategies in the form of mergers, acquisitions, partnership deals, and new product launches to maintain a strong stance in market dynamics.

For instance, in December 2019, Cook Medical Inc., a medical devices mogul, introduced new self-expanding metal binary stents named as Zilver 635 Biliary Self-Expanding Stents, which will treat people suffering from biliary obstructions in a flexible manner with a controlled release delivery system.