Global Gastrointestinal Stents Market: Preference Of Minimally Invasive Procedures Driving Demand

Increasing prevalence of gastrointestinal diseases, growing preference of minimally invasive procedures, and escalating cases of diseases caused by the consumption of tobacco and alcohol are driving the global market for gastrointestinal stents market, according to the finds of a Transparency Market Research (TMR) report. The report, titled “Gastrointestinal Stents Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025,” has been prepared to serve as a reliable business document for audiences such as gastrointestinal stents manufacturers, healthcare institutions including hospitals, cardiac centers, and surgical centers and distributors and suppliers of gastrointestinal stents.

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The report analyzes all the factors that may influence the demand for gastrointestinal stents in the near future, explores the important trends of the market, and segments it on the basis of product, application, and region. Several leading companies operating in the gastrointestinal stents market have also been profiled in the report in order to represent the competitive landscape and recent strategic developments.

Apart from increasing number of gastrointestinal disorders and growing preference of minimally invasive procedures, the availability of new options for stent placement is expected to favor the expansion of the market for these stents. The increasing preference of minimally invasive procedures can be attributed to lower risk of complications, reduced costs, faster recovery, lesser pain, fewer chances of post-surgery infection, and bleeding control. In addition to that, the advent of non-vascular intervention for stenosis and improvements made in the equipment handling are other factors augmenting the demand in the global gastrointestinal stents market.

On the other hand, complications associated with gastrointestinal stents, intense competition among the leading and emerging vendors, and stringent regulations for approval of devices are some of the factors hindering the growth rate of the market for gastrointestinal stents. The report identifies advances in technology, emergence of bioabsorbable gastrointestinal stents and growing demand for nitinol material based stents as some of the key trends in this market.

Product-wise, the market for gastrointestinal stents can be segmented into biliary and pancreatic stents, duodenal stents, colonic stents, and esophageal stents. Based on end-user, the market can be bifurcated into hospitals and ambulatory surgical centers. Application-wise, the market can be categorized into inflammatory bowel disease, colorectal cancer, gastrointestinal bleeding, and others. Geographically, the report studies the opportunities available in the gastrointestinal stents market in several regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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The report observes that the competition in the global gastrointestinal stents is high, owing to the presence of large number of financially equipped players. Boston Scientific, Cook Medical, BD, TaeWoong Medical, ELLA-CS, and Medtronic are some of the leading companies in the global gastrointestinal stents market, while other key vendors include ConMed, BVM Medical, Hobbs Medical, EndoChoice, Merit Medical Systems, Surgimedik, and Olympus.

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This release was published on openPR.