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Global Pancreatic Stents Market: Overview

Pancreatic endotherapy has been used progressively for the treatment of a range of pancreatic disorders such as drainage of pseudocysts, chronic pancreatitis, recurrent acute pancreatitis, or disruptions, pancreatic duct leaks, and for the prevention of pancreatitis post ERCP (endoscopic retrograde cholangiopancreatography). The most common type of pancreatic endotherapy used is pancreatic stenting.

Often to relieve ductal obstruction resulting from refractory pain from strictures, papillary stenosis or stones stenting are used for pancreatic ducts. Additionally, stenting of the minor papilla is performed for the treatment of pancreatic divisum.

Pancreatic stents are tube like devices primarily made of metal or plastic. These are predominantly used to establish free flow of an obstructed pancreatic duct. Pancreatic stents could also be used to treat pancreatic stents leaks or for the prevention of post-ERCP pancreatitis.

Pancreatic stents is a significant progression in therapeutic endoscopy and have transformed the approach to pancreatic disorders. The new designs of plastic and metal stents have allowed an increased use in various biliary and pancreatic benign and malignant conditions, substituting interventional approaches and surgery in majority of the cases. These factors are anticipated to drive the market. However, adverse events such as stent occlusion, stent migration, and stent-induced pancreatic ductal changes are likely to restrain the market.

Global Pancreatic Stents Market: Drivers and Restraints

Additional investigation for increasing the duration of patency of pancreatic stents is conducted. In vivo studies to reduce bacterial adhesion and biofilm formation in plastic stents are executed. Randomized studies with larger patient group are conducted for comparing the clinical effectiveness, safety, and cost effectiveness of metal versus plastic stents in the management of benign strictures. Advancement in study of biodegradable stents development is likely to contribute to the growth of the pancreatic stents market.

Based on material, the global pancreatic stents market can be bifurcated into metal and plastic. Recent advancement in techniques of stent insertion and stent design of metal stents which are explicitly designed for transmural drainage; saddle-shape and bilateral flanges designed stent providing lumen anchoring with reduced risk of leakage and migration are likely to increase preference for metal stents.

Metal pancreatic stents are generally made up of stainless steel or nitinol and are available in the form of uncovered, partially, or fully covered self-expandable metal stents. SEMS have lengths ranging from 4 cm to 12 cm and diameters from 6mm to 10 mm. Recently, a new type of fully covered metal stent was introduced with the intent to diminish proximal and distal migration.

Global Pancreatic Stents Market: Key Segments

Plastic pancreatic stents are primarily made of polyurethane, polytetrafluoroethylene (Teflon), and other plastic polymers, with length ranging from 2 cm to 25 cm and 3 F to 11.5 F in diameter. These stents come in different shapes: straight, wedge, curved, or with a single or double pigtail. Generally, there are side holes throughout the length of the stents to facilitate pancreatic flow.

In terms of end-user, the global pancreatic stents market can be divided into hospitals, ambulatory surgical centers, long term palliative care centers, and others. The hospitals segment accounted for the major market share due to expertise and required infrastructure for procedure, as pancreatic stenting is associated with extended hospital stays with supportive care.

In terms of region, the global pancreatic stents market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the global market in terms of share and revenue. Rapidly advancing health care system and rise in adoption of technologically advanced pancreatic stents are attributed to the dominance of the region.

Global Pancreatic Stents Market: Key Players

Key players operating in the global pancreatic stents market are Boston Scientific Corporation, C. R. Bard, Merit Medical Systems, Inc., Cook Group Incorporated, Becton, Dickinson and Company, Cantel Medical Corporation, Olympus Corporation, ConMed Corporation, ENDO-FLEX GmbH, and Diagmed Healthcare Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

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Pancreatic Stents Market

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