Gastrointestinal Stents Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities
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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:
Breakup by Technology Type:
Breakup by Material:
Self-Expanding Metal Stents
Stainless Steel Stents
Covered Self-Expandable Metallic Stents
Biodegradable or Drug Eluting Stents
Breakup by End User:
Ambulatory Surgical Centres
Breakup by Region:
Middle East and Africa
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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