Press release
Gastrointestinal Stent Market to grow at a CAGR of 5.5% by 2031 | Cook Group, Medtronic plc., ELLA-CS, s.r.o., Becton, Dickinson and Company
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Market Trends and Drivers:
The increase in the incidence of gastrointestinal cancers, IBD, and other digestive diseases is propelling the growth of the market. One of the biggest causes of death in the globe is gastrointestinal cancer. Morbidity and mortality from chronic diseases like esophageal cancer, colorectal cancer, and serious gastrointestinal disorders have sharply increased in recent years. According to the International Agency for Research on Cancer (IARC), gastrointestinal malignancies accounted for 35 percent of all cancer-related fatalities and 26 percent of the global burden of cancer incidence in 2018. The WHO estimates that stomach cancer caused 769,000 deaths worldwide in 2020, whereas gastrointestinal malignancies like colorectal cancer cause 935,000 deaths. 1.93 million new instances of colorectal cancer were detected worldwide in 2020, making it the third most frequent cancer overall.
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Global Gastrointestinal Stent Market Segmentation:
By Product
Biliary Stents
Duodenal Stents
Colonics Stents
Pancreatic Stents
Esophageal Stents
By Material
Self-expanding Metal Stents
Plastic Stents
By Application
Biliary Diseases
Irritable Bowel Syndrome
Gastrointestinal Cancers
By End User
Hospitals & Clinics
Ambulatory Surgical Centers
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Major Players in the Global Gastrointestinal Stent Market:
The key players studied in the global gastrointestinal stent market are Boston Scientific Corporation (US), Cook Group (US), Medtronic plc. (Ireland), ELLA-CS, s.r.o. (Czech Republic), Becton, Dickinson and Company (US), Merit Medical Systems (US), CONMED Corporation (US), Cantel Medical (US), Olympus Corporation (Japan), Taewoong Medical (South Korea) among others.
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