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

The development of gastrointestinal (GI) stents is intended to relieve the symptoms of numerous disorders that clog the GI tract. The old Product of plastic stents has been replaced by self-expanding metal stents (SEMS), and fluoroscopy-guided stent insertion has been replaced with endoscopic stent insertion. The indications for stents have lately been expanded to include benign diseases as well as malignant obstruction, and novel SEMS designs have been created to reduce issues including stent migration and re-obstruction. For the relief of obstructive symptoms in malignant GI blockage, GI stents have been created. Although plastic stents were initially utilized to treat malignant GI blockage, they had a number of drawbacks, including tricky insertion procedures, a high rate of complications, and low compliance.

Self-expanding metal stents (SEMS), which were created in the 1990s and quickly replaced the previous plastic stents, are easy to insert and have a low risk of complications. Gastrointestinal (GI) stents are made to provide palliative care for a variety of illnesses that clog the GI tract. The recanalization of gastrointestinal (GI) malignancies and postoperative leak sealing are two important functions of GI stents. Drug-eluting devices, tissue modeling for benign disorders, and GI tract drainage/anastomosis are among more possible uses for GI stents. The rise in gastrointestinal malignancies and other digestive illnesses, changing lifestyles, rising healthcare spending on gastrointestinal treatments, and growing desire for less invasive surgery are all factors contributing to the growth of the global market for gastrointestinal stents.

Global Gastrointestinal Stents Market Overview

Due to an increase in the prevalence of IBD, gastrointestinal cancers, and other digestive disorders, the market for gastrointestinal stents has grown. The growing incidence of colorectal cancer worldwide is one of the main factors propelling the market’s expansion. Additionally, a rising geriatric population with gastrointestinal conditions such as diverticulosis, bowel problems, and gastrointestinal cancers is fueling the market’s expansion. Additionally, the sector is being significantly impacted by the growing popularity of minimally invasive (MI) surgical procedures and rising public health awareness. Gastrointestinal stenting yields less blood loss, a quicker recovery period, and a decreased risk of infection than standard open surgery techniques.

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.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.