USD 443.2 million
Gastrointestinal Stents Market Size, Share, Growth Analysis, By Products (Biliary Stents, Duodenal Stents), By Material (Self-Expanding Metal Stents, Nitinol), By Application (Biliary Diseases, Irritable Bowel Syndrome), By End Users, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2398 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
64
|Figures:
75
Gastrointestinal Stents Market Insights
Gastrointestinal Stents Market size was valued at USD 5.01 Billion in 2023 and is poised to grow from USD 5.29 Billion in 2024 to USD 8.11 Billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).
The global gastrointestinal stents market has been experiencing steady growth in recent years, driven by factors such as an increasing prevalence of gastrointestinal disorders and a rising aging population. Factors such as changing lifestyles, unhealthy dietary habits, and the prevalence of obesity have contributed to the rising number of gastrointestinal disorders, such as colorectal cancer, inflammatory bowel disease, and esophageal cancer. As a result, there is an increasing demand for gastrointestinal stents as they offer effective and less invasive treatment options, improving the quality of life for patients. With an increasing number of elderly individuals globally, there has been a rise in age-related gastrointestinal conditions, such as strictures and diverticulitis, leading to a higher demand for gastrointestinal stents. Elderly patients often prefer minimally invasive procedures, making gastrointestinal stents a preferred choice for treatment, contributing to the market's expansion. The introduction of self-expandable metal stents (SEMS) and biodegradable stents has revolutionized the market by providing better treatment outcomes and reducing the risk of complications. Additionally, the development of stents with anti-migration features has improved long-term efficacy and patient comfort.
US Gastrointestinal Stents Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Self-Expandable Metal Stents
Fastest Growth
Bioabsorbable Stents
Growth Rate
5.4% CAGR
Global Gastrointestinal Stents Market ($ Bn)
Country Share for North America Region (%)
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Gastrointestinal Stents Market Segmental Analysis
Global Gastrointestinal Stents Market is segmented by products, material, application, end users and region. Based on products, the market is segmented into biliary stents, duodenal stents, colonic stents, pancreatic stents and esophageal stents. Based on material, the market is segmented into self-expanding metal stents, nitinol, plastic stents and others. Based on application, the market is segmented into biliary diseases, irritable bowel syndrome, gastrointestinal cancers, colorectal cancer, stomach cancer, esophageal cancer and pancreatic cancer. Based on end users, the market is segmented into hospitals and clinics and ambulatory surgical centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Gastrointestinal Stents Market Analysis by Type
Among the types of gastrointestinal stents, the most dominant type in the global market is the Self-Expandable Metal Stents (SEMS). These stents have gained widespread popularity due to their superior mechanical properties and ease of deployment. SEMS are often preferred for their ability to provide long-term luminal patency, making them a popular choice for managing gastrointestinal obstructions and strictures.
On the other hand, the fastest-growing type in the global gastrointestinal stents market is the Bioabsorbable Stents. These stents are designed to gradually dissolve over time, leaving no permanent implant behind. Bioabsorbable stents offer several advantages, such as reduced long-term complications and the elimination of potential stent-related issues in the future. As technology and materials continue to advance, the adoption of bioabsorbable stents is expected to increase rapidly in the gastrointestinal stent market.
Gastrointestinal Stents Market Analysis by Application
Among the different applications of gastrointestinal stents in the global market, the Biliary Stents emerge as the most dominant type. Biliary stents are widely used to treat obstructions in the bile duct, which can occur due to various conditions such as gallstones, tumors, or strictures. The high prevalence of biliary disorders and the effectiveness of biliary stents in relieving obstructive symptoms have contributed to their dominance in the gastrointestinal stents market.
On the other hand, the Fastest Growing type of gastrointestinal stents is Esophageal Stents. Esophageal stents are experiencing rapid growth due to their crucial role in managing benign and malignant esophageal strictures. These strictures can result from conditions like esophageal cancer or gastroesophageal reflux disease (GERD). Esophageal stents provide relief by widening the esophagus, facilitating better swallowing and reducing discomfort for patients.
Global Gastrointestinal Stents System Market By Type
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Gastrointestinal Stents Market Regional Insights
North America emerges as the most dominant region in the global gastrointestinal stents market. The dominance of North America can be attributed to several factors. Firstly, the region has a well-established healthcare infrastructure and a high level of awareness about advanced medical treatments. Secondly, there is a substantial patient pool suffering from gastrointestinal disorders, including colorectal cancer, esophageal cancer, and benign strictures.
The Asia-Pacific region stands out as the fastest growing region in the Global Gastrointestinal Stents market. Asia-Pacific has witnessed rapid economic growth, leading to improved healthcare facilities and increased healthcare spending. Additionally, the region is experiencing a demographic shift, with a growing elderly population susceptible to gastrointestinal disorders. Factors such as changing dietary habits, sedentary lifestyles, and an increase in gastrointestinal cancer cases have further fueled the demand for gastrointestinal stents in the region.
Global Gastrointestinal Stents System By Geography
- Largest
- Fastest
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Gastrointestinal Stents Market Dynamics
Gastrointestinal Stents Market Drivers
Increasing Awareness and Access to Healthcare
- Growing awareness among patients and healthcare providers about the benefits of gastrointestinal stents has resulted in early diagnosis and timely intervention. Furthermore, improved access to healthcare facilities in developing regions has increased the adoption of stenting procedures, propelling market expansion.
Gastrointestinal Stents Market Restraints
Limited Reimbursement Policies
- In some regions, the reimbursement policies for gastrointestinal stent procedures may be limited or subject to strict criteria. This can impact the affordability and accessibility of stent-based treatments, hindering market growth.
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Gastrointestinal Stents Market Competitive Landscape
The global gastrointestinal stents market is highly competitive and characterized by the presence of several established and emerging players. These companies are engaged in developing and manufacturing gastrointestinal stents used in various medical applications. Gastrointestinal stents are widely utilized in the treatment of various gastrointestinal disorders and obstructions, offering a minimally invasive alternative to traditional surgical procedures.
Gastrointestinal Stents Market Top Player’s Company Profiles
- Boston Scientific Corporation (USA)
- BD (Becton, Dickinson and Company) (USA)
- Cook Medical (USA)
- Olympus Corporation (Japan)
- Merit Medical Systems (USA)
- CONMED Corporation (USA)
- ELLA-CS s.r.o. (Czech Republic)
- Hobbs Medical Inc. (USA)
- Taewoong Medical Co. Ltd. (South Korea)
- S&G Biotech Inc. (South Korea)
- Medtronic (Ireland)
- AbbVie (USA)
- Johnson & Johnson (USA)
- Takeda Pharmaceutical Company Limited (Japan)
- Pfizer Inc. (USA)
- Novartis AG (Switzerland)
- Bayer AG (Germany)
- AstraZeneca plc (UK)
- Roche Holding AG (Switzerland)
- Eli Lilly and Company (USA)
Gastrointestinal Stents Market Recent Developments
- In May 2023, Boston Scientific Corporation received FDA approval for its EnterStent XR biliary stent. The EnterStent XR is a self-expandable metal stent that is designed to provide long-term relief of bile duct obstructions.
- In April 2023, Cook Medical announced the launch of its ZilverGuard biliary stent. The ZilverGuard is a self-expandable metal stent that is coated with a proprietary antimicrobial agent to help prevent stent infections.
- In March 2023, Medtronic plc received CE Mark for its Invatec EsophyX esophageal stent. The Invatec EsophyX is a self-expandable metal stent that is designed to provide relief of esophageal strictures.
- In February 2023, Taewoong Medical announced the launch of its T-stent biliary stent. The T-stent is a self-expandable metal stent that is designed to provide long-term relief of bile duct obstructions.
- In January 2023, Merit Medical Systems received FDA approval for its MULTI-STENT biliary stent. The MULTI-STENT is a self-expandable metal stent that is designed to provide relief of bile duct obstructions in patients with multiple strictures.
Gastrointestinal Stents Key Market Trends
- Increasing Preference for Biodegradable Stents: Biodegradable gastrointestinal stents offer several advantages over traditional metallic stents, making them an emerging and attractive option for medical practitioners and patients alike. These stents are typically made from materials that gradually dissolve over time, eliminating the need for an additional removal procedure, which is often required with permanent metallic stents. This feature reduces the risk of complications and offers a more convenient and patient-friendly treatment option. Furthermore, biodegradable stents can provide temporary support to the diseased area during the healing process, gradually losing their structural integrity as the tissue heals and regenerates.
Gastrointestinal Stents Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global gastrointestinal stents market analysis, the rising demand for advanced stent technologies in the healthcare industry is a key driver for market growth. Advanced stent technologies, including self-expandable metal stents (SEMS) and biodegradable stents, offer advantages such as precise placement, improved patient comfort, and reduced risk of complications. The increasing prevalence of gastrointestinal diseases, coupled with the aging population, is fueling the demand for gastrointestinal stents. These stents aid in restoring the normal function of the gastrointestinal tract, alleviating symptoms, and improving the quality of life for patients. Moreover, the growing focus on early diagnosis and interventions for gastrointestinal disorders is driving the adoption of gastrointestinal stents.
In terms of regional analysis, North America holds a significant market share in the gastrointestinal stents market due to the well-established healthcare infrastructure, higher awareness about advanced treatment options, and the presence of leading medical device companies. Europe is also a prominent region, driven by the increasing geriatric population and the rising incidence of gastrointestinal diseases. Additionally, the Asia Pacific region is experiencing rapid market growth, supported by improving healthcare facilities, growing healthcare expenditure, and rising awareness about gastrointestinal disorders.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.01 Billion |
| Market size value in 2032 | USD 8.11 Billion |
| Growth Rate | 5.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Gastrointestinal Stents Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Gastrointestinal Stents Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Gastrointestinal Stents Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gastrointestinal Stents Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gastrointestinal Stents Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gastrointestinal Stents Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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