PUBLISHER: Verified Market Research | PRODUCT CODE: 1737153
PUBLISHER: Verified Market Research | PRODUCT CODE: 1737153
Rising incidences of biliary diseases, such as biliary strictures and gallstones, have significantly increased the demand for minimally invasive procedures. The growing preference for these treatments has driven the adoption of biliary stents across healthcare facilities, expanding the market size. According to the analyst from Verified Market Research, the Biliary Stents Market is estimated to reach a valuation of USD 490.36 Million over the forecast subjugating around USD 342.19 Million valued in 2024.
The rapid expansion of the biliary stents market is primarily driven by increasing advancements in stent technologies, leading to improved patient outcomes and reduced complications. The ongoing innovation in materials and design has been recognized as a key factor influencing the market's CAGR. It enables the market to grow at a CAGR of 4.60% from 2026 to 2032.
Biliary Stents Market: Definition/ Overview
Biliary stents are medical devices used to treat obstructions in the bile ducts, commonly caused by conditions such as tumors, gallstones, or strictures. These stents are inserted into the bile ducts to ensure proper bile flow from the liver to the intestine, reducing the risk of infection and other complications. Various materials, including plastic and metal, are employed in the production of biliary stents, with each type selected based on patient-specific needs and the severity of the obstruction. Minimally invasive procedures are typically used for the placement of biliary stents, contributing to faster recovery times and reduced patient discomfort.
The growing prevalence of biliary disorders, such as cholangitis and biliary atresia, has driven the increasing adoption of these stents across healthcare settings. Additionally, advancements in stent technology, including drug-eluting stents and biodegradable options, have been viewed as key factors contributing to the rising demand for biliary stents. These trends are expected to fuel market growth and enhance the accessibility and effectiveness of treatments for patients worldwide.
we are Technological Advancements Influencing the Growth of the iliary Stents Market?
Technological advancements have been recognized as a key driver in the growth of the biliary stents market. Innovations in stent design and materials, such as the development of fully covered self-expanding metal stents (FCSEMS) and bioabsorbable stents, are being integrated to enhance patient outcomes and minimize complications.
These advancements have been credited with increasing procedural success rates and reducing the need for repeat interventions, which has encouraged greater adoption by healthcare providers. Additionally, the implementation of minimally invasive techniques has been promoted as a contributing factor in expanding the global reach of these devices, as healthcare professionals seek more efficient and effective solutions for biliary obstructions.
The growth of the biliary stents market has been constrained by the high costs associated with stent placement procedures and the limited availability of specialized medical professionals. Access to advanced biliary stenting technology has been restricted in several regions due to the prohibitive costs, particularly in developing markets.
Furthermore, risks of stent migration, infection, and other complications have been noted as factors that may limit the widespread adoption of biliary stents. These restraints are further compounded by the requirement for skilled specialists to perform the procedures, a factor that has impacted the market growth, particularly in areas with limited healthcare infrastructure.
According to VMR Analyst, the dominance of hospitals in the biliary stents market has been driven by several factors, including the availability of advanced medical infrastructure and the presence of skilled healthcare professionals. Hospitals are equipped with state-of-the-art imaging and surgical tools that allow for precise stent placement, particularly in complex cases such as biliopancreatic leakages and pancreatic cancer.
Moreover, the capacity to manage post-operative care and monitor patients for potential complications, such as stent migration or infections, has positioned hospitals as the preferred setting for biliary stent procedures. The higher patient inflow for major surgical interventions has also been seen as a factor consolidating the leadership of hospitals in this market segment.
According to VMR Analyst, the growing preference for biliary metal stents over plastic stents has been attributed to their longer patency rates and reduced need for frequent replacements. Metal stents, particularly self-expanding metal stents (SEMS), have been found to be more durable and resistant to occlusion, making them more suitable for chronic conditions like pancreatic cancer and benign biliary strictures.
Additionally, the capability of metal stents to maintain lumen patency for extended periods has been highlighted as a key advantage in reducing hospital readmissions and intervention costs. Although plastic stents remain a cost-effective solution for temporary conditions, metal stents are being increasingly adopted due to their enhanced performance and longevity in managing long-term biliary obstructions.
According to VMR Analyst, North America's dominance in the biliary stents market has been primarily attributed to the region's advanced healthcare infrastructure and the high prevalence of biliary diseases, such as pancreatic cancer and gallstones. According to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), approximately 10-15% of adults in the United States have gallstones, representing about 25 million people.
Increased adoption of innovative stenting technologies, coupled with significant healthcare expenditure, has further strengthened the region's market position. The presence of leading medical device manufacturers and well-established reimbursement policies has facilitated access to cutting-edge biliary stent solutions. Additionally, the rising geriatric population, which is more susceptible to biliary conditions, has been recognized as a significant factor driving market growth in North America.
According to VMR Analyst, the rapidly expanding healthcare sector in the Asia Pacific has significantly influenced the growth of the biliary stents market in the region. Increasing investments in healthcare infrastructure, along with the rising prevalence of biliary disorders, have been noted as key factors driving market demand.
The Asia Pacific region is experiencing a rapid demographic shift toward an aging population, which is associated with a higher risk of biliary diseases. According to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the number of people aged 65 and above in the region is projected to increase from 612 million in 2022 to approximately 1.3 billion by 2050.
Countries such as China, India, and Japan have seen growing adoption of minimally invasive procedures, supported by favorable government initiatives and improved access to healthcare. Additionally, the rising awareness about advanced biliary treatments and the increasing affordability of stent procedures have contributed to the robust growth of the biliary stents market in the Asia Pacific.
The Biliary Stents Market's competitive landscape is characterized by a varied range of companies, including technology developers, plant operators, and service providers, all striving for market share in an increasingly dynamic and growing industry.
Some of the prominent players operating in the biliary stents market include:
Allium Medical Solutions Ltd.
Boston Scientific Corporation
Conmed Corporation
Cook Medical LLC
Dispomedica GmbH
ELLA-CS, s.r.o.
ENDO-FLEX GmbH
ETERMED
Gadelius Medical K.K.
I. Tech Co., Ltd.
Medi-Globe GmbH
Medi-Globe Technologies GmbH
Medtronic plc
Merit Medical Systems, Inc.
Micro-Tech (Nanjing) Co., Ltd.
Olympus Corporation
Optimed Medizinische Instrumente GmbH
Bard (acquired by BD)
Taewoong Medical Co., Ltd.
Xlumena, Inc. (acquired by Boston Scientific)
In February 2023, Olympus Corporation announced the acquisition of Taewoong Medical, a South Korean manufacturer of gastrointestinal (including biliary tract) metallic stents. Taewoong will receive $370 million in cash under the agreement, with $255.5 million paid at closing and the remaining $114.5 million paid based on future milestones. In May 2021, amg International GmbH, a wholly owned subsidiary of Dublin, Ireland-based Q3 Medical Devices Limited (Q3), strengthens its position as a leader in the rapid development of novel biodegradable implants. The Company announced that its second fully biodegradable product, the UNITY-B balloon expandable biodegradable biliary stent (BEBS) for endoscopic use, has received CE Mark approval. The UNITY-B will be used in conjunction with the ARCHIMEDESTM, the world's first CE-approved pancreaticobiliary biodegradable implant.