Advanced endoscopy is used for inserting stents into several sites of the gastrointestinal tract and the procedure has proved to be a significant therapeutic development. Stents assist in opening strictured areas in the esophagus, duodenal region, colon and the biliary tree. Stents efficiently overcome the structuring associated with benign formations and cancer and are also used as a palliation of obstructive symptoms, and other obstructions in the GI tract.
The purpose of this research study titled ‘Gastrointestinal Stents Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global gastrointestinal stents market. This report presents and analyzes the major trends prevalent in the global gastrointestinal stents market and the market size and forecast.
This report categorizes the global gastrointestinal stents market in terms of stent type, material, applications and geographical distribution. Based on stent type, the global gastrointestinal stents market is categorized into biliary and pancreatic stents, esophageal stents, duodenal stents and colonic stents. Metal, plastic, and biodegradable and drug eluting are the major segmentation based on material type. Based on applications, the global gastrointestinal stents market is segmented into inflammatory bowel disease, colorectal cancer, gastrointestinal obstructions and others. Market size and forecast for each mentioned segment for the period 2015-2025 is presented in the report along with respective CAGRs for the forecast duration 2017-2025.
The market size and forecast of each considered geographical market is presented for the period 2015-2025 along with CAGRs for the forecast period 2017-2025 in this study and are further cross-sectional presented in terms of stent type, materials, applications, and constituent region/country level markets.
This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global gastrointestinal stents market. Competition assessment tools such as, Porter’s five forces analysis, major agreements, partnerships and collaborations, market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the gastrointestinal stents market. The key players profiled in this report are Becton, Dickinson and Company, Boston Scientific Corporation, Cook Medical, Inc., CONMED Corporation, C. R. Bard, Inc., ELLA-CS, s.r.o., Endocor GmbH, ENDO-FLEX GmbH, Merit Medical Systems, Inc., Olympus Corporation and S&G Biotech, Inc.
Based on sources, the global gastrointestinal stents market is segmented as follows:
Biliary and pancreatic stents occupy the largest revenue share of the global gastrointestinal stents market. Rise in demand for biliary stents in treating tumors in the bile duct and pancreas is the chief factor contributing to the dominance of this segment. Additionally, it is estimated that esophageal stents is the next leading segment after biliary and pancreatic stents market with almost 20% revenue share in the global gastrointestinal stents market. It is further estimated that esophageal stents will be the fastest progressing during the forecast period 2017-2025. Growing incidence of esophageal diseases and cancer, and augmented safety of respective procedures are the major drivers of this market segment.
The global gastrointestinal stents market is studied for the following usage areas:
Advancement in terms of materials, technology and design have enabled commercialization of novel stent designs used for treating specific gastrointestinal conditions. Some of the latest materials used in gastrointestinal stents are polycaprolactone, poly lactic acid-glycolic acid, etc. Use of biodegradable material in stents has introduced advantages such as biocompatibility and lack of need for follow-up procedure. Furthermore, use of self-expandable metal stents (SEMS) for treatment of anastomotic leaks and perforations holds significant potential in the market. The growth of plastic stents segment, however, is anticipated to correspond to that of the global gastrointestinal stents market.
The global gastrointestinal stents market is studied for the following application areas:
Several gastrointestinal conditions/disorders such as cases of irritable bowel syndrome, diverticulosis, urinary and fecal issues and gastrointestinal cancer are being treated with the use of gastrointestinal stents. Variation in lifestyle, changes in dietary habits, and obesity
The changes in lifestyle like the increase in unhealthy diet and physical inactivity will result in raised blood pressure, blood glucose, lipids, and obesity. In the past few years, there has been a rise in morbidity and mortality from chronic diseases such as esophageal cancer, colorectal cancer, rectal cancer, and gastrointestinal related critical disorders.
Geographically, the global gastrointestinal stents market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America and Europe, together are the largest revenue generation regions in the overall gastrointestinal stents market. Significant incidence of gastrointestinal disorders and malignancies are the chief contributors to the dominance of these regions. Extensive reimbursement, higher disease incidence, lifestyle influences and greater awareness among patients and physician are the key factors driving this market. Additionally, Europe market is further characterized by the earliest adoption of technologically advanced medical devices in the system. On the other hand, it is anticipated that Asia Pacific will be the fastest progressing regional market for gastrointestinal stents followed by Middle East and Africa. Rapid evolution of healthcare infrastructure, and proliferation of medical tourism majorly drive the Asia Pacific gastrointestinal stents market.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Gastrointestinal Stents market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Stent
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Material
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
