Esophageal Stents Market is Extrapolated to Reach US$ 105 Million by the end of 2027; Fact.MR

From 2022 to 2027, the esophageal stents market is expected to grow at a CAGR of 5.6%. The market is currently estimated to be worth US$ 80 million, but by the end of 2027, it's expected to be worth US$ 105 million.

Hospital esophageal stent demand is anticipated to increase at a quicker rate of 6.2% CAGR. Hospitals make significant investments in improved esophageal stents to improve patient outcomes. A large portion of the patient population prefers hospitals to other healthcare settings because they perform enteral operations.

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Prominent Players Operating

• Andratec GmbH
• Boston Scientific Corporation
• BVM Medical Limited
• M.I.Tech
• Cook Group Incorporated
• Ella - CS, s.r.o.
• Endo-Flex GmbH
• C. R. Bard, Inc.
• Merit Medical Systems, Inc.
• Taewoong Medical Co., Ltd.

Key Takeaways from Market Study

• The global esophageal stents market is anticipated to reach US$ 105 million by 2027.
• Market in Canada is expected to increase at a CAGR of 4.7% through 2027.
• Market in Japan is projected to expand at a CAGR of 3.5% over the forecast period.
• Demand for esophageal stents in specialty clinics is expected to rise at a CAGR of 5.3% from 2022 to 2027.

Winning Strategy

Key market participants are concentrating on implementing advanced technologies and features in their products. Top companies are concentrating on strategic initiatives such as the creation of novel products through customization by consumer needs to expand their product portfolios and solidify their leading positions in the business.

For instance,

• Olympus introduced self-expanding metal stents for patients with a limited lifespan or those who have a malignant colonic or duodenal blockage.
• In 2020, the WallFlex fully covered esophageal stent manufactured by Boston Scientific Corporation received U.S. Food and Drug Administration approval for the treatment of malignant esophageal constrictions brought on by esophageal cancer.

Industry Research

• By Product :

o Self-expandable Metallic Stents
o Self-expandable Plastic Stents

• By End User :

o Hospitals
o Specialty Clinics
o Ambulatory Surgery Centers

• By Region :

o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

Predominant Questions Answered in This Report Are:

1. Which segments will perform well in the products and services market over the forecasted years?
2. In which markets companies should authorize their presence.
3. What are the forecasted growth rates for the products and services market?
4. What are the long-lasting defects of the industry?
5. How share market changes their values by different manufacturing brands?
6. What are the qualities and shortcomings of the key players?
7. What are the major end results and effects of the five strengths study of industry?

What makes Fact.MR report stand out from others?

Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an achilles heel to the market and assists to create strategies to overcome the obstacles that may hinder the growth of the market.

• Leverage: The market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the market.

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

This release was published on openPR.