Gastrointestinal Stent Market to Raise at 4.7% CAGR Global Trends, Emerging Growth Factors and Forecasts 2030

The Gastrointestinal Stent market crossed the US$ 424.64 million mark in 2022 and is expected to hit US$ 614.70 million by 2030, recording a CAGR of 4.7% during the forecast period.

The rising prevalence of gastrointestinal disorders across the globe is one of the key factors driving the gastrointestinal stent market growth. Additionally, an increasing geriatric population suffering from gastrointestinal diseases, such as bowel ailments, diverticulosis, and gastrointestinal malignancies, is also boosting the gastrointestinal stent market growth. Further, compared to traditional open surgery procedures, gastrointestinal stenting involves low risk of infections, minimal blood loss, and a quick recuperation period. The biliary stents segment is expected to pace with the increasing geriatric population. Further, other materials and type segments are also expected to gain traction during the forecasted year.

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Major key players covered in this Gastrointestinal Stent Market report:
• BD
• Boston Scientific Corporation
• Medtronic
• Terumo Corporation
• Johnson & Johnson Services, Inc.
• 3M
• Smith & Nephew
• Diagmed Healthcare
• Medline Industries, Inc.
• Baxter

The growing development of biodegradable and drug-eluting stents empowered the growth of the gastrointestinal stent market:
Technological advancement led to a rise in demand for innovative products, contributing significantly to the growth of gastrointestinal stents. The introduction of biodegradable and drug-eluting stents contributed considerably to the gastrointestinal stents market growth. Biodegradable stents are made of biodegradable materials such as polyesters, polycarbonates, bacterial-derived polymers, and corrodible metals and are primarily used in coronary artery disease. Drug-eluting stents can maintain luminal patency from radial expansion and targeted drug delivery directly to tissue, reducing occlusion rates in the lumen. Moreover, biodegradable stents help maintain the patency of the gastrointestinal tract for a predetermined duration as they gradually degrade and are eventually absorbed from the GI.

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Gastrointestinal Stent Market Segmentation:

Product:
• Biliary stents
• Duodenal stents
• Colonic stents
• Pancreatic stents
• Esophageal stents
Material
• Plastic Stents
• Self-Expanding Metal Stents
• Covered Self-Expandable Metallic Stents

Type:
• Anti-Migratory Stents
• Drug-Eluting Stents
• Radioactive Stents
• Anti-Reflux Stents
• Shape-Modified Stents
• Biodegradable Stents

Application:
• Inflammatory Bowel Diseases
• Biliary Disease
• Colorectal Cancer
• Stomach Cancer

End User:
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centre
• Others

Region
• North America
• Europe
• Asia Pacific (APAC)
• South & Central America
• Middle East & Africa

Major highlights of the report:
All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

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Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Gastrointestinal Stent Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Gastrointestinal Stent Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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