Global Non-vascular Stents Market Size (2024 - 2029)

Non-vascular Stents Market Analysis

The non-vascular stents market studied is anticipated to grow with a CAGR of nearly 5.2%, during the forecast period.

COVID-19 is expected to have a significant impact on the growth of the market during the pandemic period. The volume of surgeries has significantly declined during the pandemic, owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries. According to the article published in the National Institute of Health in October 2021, titled " The impact of COVID-19 on emergency general surgery admissions and operative volumes: A single-center experience," there has been a 42.8% decline in general surgery admission across the globe. Thus the non-vascular stents devices market has been significantly impacted by COVID-19.

Certain factors that are driving the market growth include the growing geriatric population and the prevalence of chronic and other diseases, and technological developments in non-vascular stents. According to the International Foundation for Gastrointestinal Disorders 2022 updates, it's estimated that 5-10% of the population has inflammatory bowel disease worldwide. Gastroenterologist visits in the United States were found to be 2.4 to 3.5 million yearly. Such factors are likely to boost the adoption of nonvascular stents, thereby contributing to the growth of the market.

According to the World Health Organization (WHO) data published in October 2021, By 2030, 1 in 6 people in the world will be aged 60 years or over. The share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion by 2030. By 2050, the world's population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Thus, the aging population increases the demand for non-vascular stents as the geriatric population are prone to developing chronic diseases.

Thus the rising prevalence of various diseases is expected to boost the rise in demand for non-vascular stents.

Non-vascular Stents Industry Segmentation

As per the scope, non-vascular stents refer to a family of devices for a variety of applications, including biliary, colonic, oesophageal, bronchial and tracheal implantations. The Non-vascular Stents Market is segmented by Product Type (Gastrointestinal Stents, Pulmonary (Airway) Stents, Urological Stents, Others), Material Type (Metallic Stents, Non-metallic Stents), End-User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.