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Technavio’s market research analyst predicts the global non-vascular stents market to grow steadily at a CAGR of more than 5% by 2020. The rising preference for minimally invasive (MI) surgeries will impel the demand for non-vascular stents as they ensure less pain, shorter hospital stays, and faster recovery time. Furthermore, its ability to serve as an alternative vessel for uninterrupted blood flow to organs will help to foster its adoption by healthcare facilities during the forecast period.
The rapid shift from open surgery to minimally invasive surgeries, implementation of initiatives to diagnose strictures and new indications will drive the prospects for growth in this market. Furthermore, the growing use of biodegradable polymers in non-vascular stents, which eliminates the need for stent removal, will further propel the market growth during the predicted period.
The urological stents segment currently dominates this market and accounts for a market share of approximately 56%. The ability of these stents to prevent blockage and enable better flow of urine from the kidneys will result in its augmented use for urological procedures during the forecast period.
Technavio market research analysts estimate the Americas to account for the largest market segment during the estimated period. This region currently accounts for more than 47% of the total market share and is envisaged to further enhance its hold over the market by 2020 owing to the rapid shift from open surgical therapy to endovascular procedures with technologically advanced devices.
The global non-vascular stents market is well organized and is highly competitive due to the presence of multiple large vendors like Boston and Cook Medical. In this market, the local or regional vendors compete with large vendors on the basis of providing products with advanced features and technologies.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Stents overview
PART 07: Market segmentation by application
PART 08: Global gastrointestinal stents market
PART 09: Global urology stents market
PART 10: Global pulmonary stents market
PART 11: Geographical segmentation
PART 12: Key leading countries
PART 13: Market drivers
PART 14: Impact of drivers
PART 15: Market challenges
PART 16: Impact of drivers and challenges
PART 17: Market trends
PART 18: Vendor landscape
PART 19: Appendix
PART 20: Explore Technavio
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