IMARC Group’s latest report, titled “Gastrointestinal Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global gastrointestinal stents market size reached US$ 409.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 508.6 Million by 2028, exhibiting a growth rate (CAGR) of 3.5% during 2023-2028.
Gastrointestinal stents represent artificial tube grafts that are inserted in the body to control blockages from cancerous tissues in the small intestines, gullet, and stomach. Some of the common product types include biliary, duodenal, colonic, pancreatic, esophageal, etc. These gastrointestinal stents are expandable and aim to remove obstructions and reduce the pressure caused by inflammation and allow the patients to lead a normal life. Consequently, they find extensive applications in hospitals, specialty clinics, ambulatory surgical centers, etc.
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Competitive Landscape with Key Players:
- Becton
- Dickinson and Company
- Boston Scientific Corporation
- Cantel Medical Corporation
- Conmed Corporation
- Cook Group Incorporated
- ELLA-CS
- S.R.O
- Hobbs Medical Inc
- Merit Medical Systems Inc
- Olympus Corporation
- Taewoong Medical Co. Ltd
Gastrointestinal Stents Market Demand:
The growing prevalence of colorectal cancer across countries and the expanding geriatric population suffering from gastrointestinal diseases, including bowel ailments, diverticulosis, and gastrointestinal malignancies, are primarily driving the gastrointestinal stents market. Apart from this, the shifting preferences among patients and medical practitioners toward minimally invasive (MI) surgical procedures that involve low risk of infections, less scarring and pain, quick recuperation period, and minimal loss of blood as compared to traditional methods are also positively influencing the global market. Moreover, the inflating expenditure on research and development (R&D) activities for technological advancements and the introduction of bio-absorbable and nitinol material-based stents that offer a high degree of flexibility and kink resistance are acting as significant growth-inducing factors. In line with this, the development of biodegradable, drug-eluting, and radioactive stents is further augmenting the market growth. In addition to this, the increasing strategic collaboration among key market players and the launch of numerous favorable policies by government bodies, especially in developing countries, to improve healthcare infrastructure are projected to bolster the gastrointestinal stents market over the forecasted period.
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Key Market Segmentation:
Breakup by Product Type:
- Biliary Stents
- Duodenal Stents
- Colonic Stents
- Pancreatic Stents
- Esophageal Stents
Breakup by Technology Type:
- Anti-Migratory Stents
- Drug-Eluting Stents
- Radioactive Stents
- Anti-Reflux Stents
- Shape-Modified Stents
- Others
Breakup by Material:
- Plastic Stents
- Self-Expanding Metal Stents
- Stainless Steel Stents
- Nitinol Stents
- Others
- Covered Self-Expandable Metallic Stents
- Biodegradable or Drug Eluting Stents
Breakup by End User:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centres
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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