Global Gastrointestinal Stents Market Size By Product, By Application, By End User, By Geographic Scope And Forecast

Gastrointestinal Stents Market Size And Forecast

Gastrointestinal Stents Market size was valued at USD 379.9 Million in 2021 and is projected to reach USD 579.4 Million by 2030, growing at a CAGR of 4.80% from 2022 to 2030.

Due to an increase in the prevalence of IBD, gastrointestinal cancers, and other digestive disorders, the market for gastrointestinal stents has grown. The Global Gastrointestinal Stents Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Gastrointestinal Stents Market Definition

So, basically, GI stents were created to help people feeling awful because something's blocking up their digestive system. Think of it like a pipe that's clogged! Back in the day, they used plastic stents, but these were a pain to insert, caused problems, and didn't really stick around for long. Now, they're using something betterself-expanding metal stents (SEMS). Also, doctors used to need fluoroscopy, a type of X-ray, to guide the stent in, but now they can usually do it with an endoscope, which is much easier. The cool thing is, these stents aren't just for serious blockages caused by cancer anymore; they're being used for less scary stuff too! And engineers are always trying to improve them, like making new SEMS designs to stop them from moving around or getting blocked up again. Basically, they're trying to make life easier for folks dealing with these tummy troubles.

Self-expanding metal stents (SEMS), those clever things from the 1990s that quickly outshone the old plastic ones, are a breeze to put in and generally don't cause much trouble. These gastrointestinal (GI) stents are all about comfort, helping folks deal with all sorts of GI tract blockages. Think of them as heroes for recanalizing gastrointestinal (GI) malignancies and patching up leaks after surgery. But that's not all! GI stents are also being explored for things like drug delivery, reshaping tissues in benign conditions, and even drainage or creating connections in the GI tract. And what's fueling the global market for these handy stents? Well, there's the growing number of gastrointestinal cancers and other digestive problems, plus our changing lifestyles, more money being spent on GI treatments, and everyone's wanting less invasive procedures these days. It's quite a combination!

Global Gastrointestinal Stents Market Overview

It seems like more and more people are dealing with digestive issues like IBD, gastrointestinal cancers, and other disorders, and that's why the market for gastrointestinal stents is really taking off. One big reason? The increase in colorectal cancer around the world is a major driver. Plus, we've got a larger elderly population dealing with things like diverticulosis, bowel problems, and other gastrointestinal cancers, which also boosts the market. What's more, minimally invasive (MI) surgical procedures are becoming more popular, and people are more aware of their health. This has a huge impact because gastrointestinal stenting means less blood loss, faster recovery times, and a lower chance of infection compared to traditional open surgery.

A number of technological innovations, including the development of bioabsorbable stents made of nitinol materials with high flexibility and kink resistance, are stimulating expansion in this industry. The market expansion throughout the predicted time frame is also projected to be aided by ongoing research and development initiatives in the commercial sector. For instance, researchers from MIT and Brigham and Women’s Hospital stated in June 2021 that they were creating a stretchy stent with pop-out needles for use in medicine administration in GI systems and other tubular organs.

Global Gastrointestinal Stents Market Segmentation Analysis

The Global Gastrointestinal Stents Market is segmented on the basis of Product, Application, End User, and Geography.

Gastrointestinal Stents Market, By Product

• Biliary Stent• Duodenal Stent• Colonic Stent• Pancreatic Stent• Esophageal Stent

Based on Product, the market is segmented into Biliary Stent, Duodenal Stent, Colonic Stent, Pancreatic Stent, and Esophageal Stent. Obstructions in the bile ducts are treated with biliary stents. One of the most effective treatments for life-threatening benign bile duct formations at the moment is minimally invasive endoscopic stent implantation. This is the main element responsible for the segment’s highest revenue share.

Gastrointestinal Stents Market, By Application

• Biliary Disease• Colorectal Cancer• Stomach Cancer• Others

Based on Application, the market is segmented into Biliary Disease, Colorectal Cancer, Stomach Cancer, and Others. Biliary stents, one of the main items offered by the majority of the participants, are utilized in hospitals and clinics for the palliative treatment of biliary disease. During the projection period, the esophageal stenting market, which comprises treating ulcerative colitis, Crohn’s disease, esophageal cancer, and pancreatic cancer, is anticipated to develop at the fastest rate

Gastrointestinal Stents Market, By End User

• Hospitals and Clinics• Ambulatory Surgical Centers

Based on End User, the market is segmented into Hospitals and Clinics, and Ambulatory Surgical Centers. The segment including hospitals and clinics had the largest share. The high volume of endoscopic retrograde cholangiopancreatography (ERCP) and percutaneous transhepatic cholangiography (PTC) operations carried out in hospitals for various illness indications might be blamed for the enormous proportion of this market.

Gastrointestinal Stents Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, the Global Gastrointestinal Stents Market is classified into North America, Europe, Asia Pacific, and Rest of the world.  The biggest revenue share for the global market was held by North America. A high number of newly diagnosed cases, advantageous reimbursement rules, and widespread use of minimally invasive procedures are some of the main drivers of increased revenue creation in the area.

Key Players

The “Global Gastrointestinal Stents Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are 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, and Taewoong Medical Co. Ltd.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

We dig into the market using both numbers and insights, looking at different groups of customers based on economic factors and, well, everything else. We'll give you the market value in USD Billion for each segment, down to the smallest pieces. You'll see which region and segment we think will grow the fastest and be the biggest. We break down each geographic area, showing you how much of the product/service is used there and what's impacting the market. We also cover the competitive scene, ranking the big players and highlighting new stuff they've launched, partnerships they've formed, how they've grown, and who they've bought in the last five years. We'll give you detailed profiles of the main companies, covering their overview, unique insights, how their products stack up, and their strengths and weaknesses (SWOT). Get a handle on the current and future of the industry, focusing on recent happenings, growth chances, what's driving things, and the challenges and limitations in both up-and-coming and established areas. We'll even provide an in-depth look at the market from different angles using Porter's five forces analysis. You'll also gain insight into the market through the Value Chain. We'll lay out the market dynamics, along with the growth opportunities coming down the road. Plus, you get 6 months of analyst support after you buy.

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