Gastrointestinal Stent Market Size and Share Forecast Analysis, Top Key Players, Latest Developments, Growth Factors till 2021 to 2025

The Global Gastrointestinal Stent Market Report provides a study with an in-depth overview, describing the product/industry Scope and elaborating market outlook and status (2021-2025). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Gastrointestinal Stent market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global Gastrointestinal Stent Market is expected to grow at a CAGR of 4.9% during forecast period (2021-2026).

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Top Companies in the Global Gastrointestinal Stent Market: Boston Scientific Corporation, Cook Group Inc., CR Bard Inc. (Becton, Dickinson, and Company), CONMED Corporation, Cantel Medical Corporation, ELLA - CS s.r.o., Hobbs Medical Inc., Olympus Corporation, Diagmed Healthcare

Key Market Trends

Colorectal Cancer is Expected to Show Rapid Growth in the Near Future

A healthy growth rate of the colorectal cancer segment can primarily be contributed to high incidence rates of the same across the world. Rising geriatric population is also one of the prominent drivers, as old age is the most critical risk factor for the disease.

According to the American Cancer Society (2018), the overall lifetime risk of developing colorectal cancer is about 1 in 22, or 4.49% for men and 1 in 24, or 4.15% for women. In the United States, colorectal cancer is the third leading cause of cancer-related deaths in men and in women, and the second most common cause of cancer deaths in men and women together. It's expected to cause about 51,020 deaths during 2019. According to WHO the age-standardized rate per 100,000 is 45.0 in South Korea, which is the highest in the world.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America Dominates the Market and Expected to do Similar Over the Forecast Period

The increasing prevalence of obstructive gastrointestinal diseases, favorable reimbursement policies, aging population, and the presence of major market players, etc., are the primary factors behind the large market size.

Colorectal cancer is the third most common type of cancer diagnosed in the United States. According to the American Cancer Societys statistics in the year 2018, there were an estimated 97,220 new cases of colon cancer and 43,030 new cases of rectal cancer. Moreover, as per the Centre for Disease Controls 2018 statistics, more than a quarter of adults aged 50-75 years, have never been screened for gastrointestinal cancers.

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- Learn about the market strategies that are being adopted by leading respective organizations.
 
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