Gastrointestinal Stents Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

The global gastrointestinal stents market reached a value of US$ 386.3 Million in 2019. Gastrointestinal stents refer to cylindrical tube grafts inserted in the body to preclude blockages in the gullet, stomach, and small intestine. These stents are manufactured using the semirigid, plastic, or self-expanding mesh that are mainly placed in bile ducts, esophagus, or colon, for removing obstruction and reducing the pressure caused by inflammation. Gastrointestinal stents commonly include colonic, duodenal, biliary, pancreatic, and esophageal stents.

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Looking forward, IMARC Group expects the market to reach a value of US$ 483.2 Million by 2025, exhibiting a CAGR of 3.8% during 2020-2025. The high prevalence of colorectal cancer, along with the rising inclination towards minimally invasive surgeries, is primarily driving the market growth. Furthermore, the increasing geriatric population who are prone to bowel ailment, diverticulosis, and gastrointestinal malignancies, is also propelling the market for gastrointestinal stents. Moreover, the rising demand for technologically advanced biodegradable and nitinol material-based stents is further augmenting the market growth. Additionally, the increasing use of self-expandable metal stents for the treatment of anastomotic leaks and perforation leads is further expected to propel the market for gastrointestinal stents.

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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
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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., etc.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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