Global Gastrointestinal Stents Market

Gastrointestinal Stents Market Size, Share, Growth Analysis, By Type(Self-Expandable Metal Stents, Plastic Stents, and Bioabsorbable Stents.), By Application(Esophageal Stents, Duodenal Stents, Colonic Stents, and Biliary Stents.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2398 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

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.

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Gastrointestinal Stents Market size was valued at USD 4.75 billion in 2022 and is poised to grow from USD 5.01 billion in 2023 to USD 7.69 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).

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. 'Boston Scientific Corporation (US)', 'Cook Medical (US)', 'Medtronic plc (Ireland)', 'Olympus Corporation (Japan)', 'Taewoong Medical Co., Ltd. (South Korea)', 'CONMED Corporation (US)', 'ELLA-CS, s.r.o. (Czech Republic)', 'Merit Medical Systems, Inc. (US)', 'ENDO-FLEX GmbH (Germany)', 'EndoChoice, Inc. (US)', 'Stryker Corporation (US)', 'Micro-Tech (Nanjing) Co., Ltd. (China)', 'Allium Medical Solutions Ltd. (Israel)', 'C.R. Bard, Inc. (acquired by Becton, Dickinson and Company) (US)', 'Changzhou Health Microport Medical Devices Co., Ltd. (China)', 'S&G BIOTECH Inc. (South Korea)', 'Gohar Shafa Co. (Iran)', 'Amecath (Spain)', 'Sumitomo Bakelite Co., Ltd. (Japan)', 'Taizhou Jiuhong Medical Instruments Co., Ltd. (China)'

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.

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.

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.

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Global Gastrointestinal Stents Market

Report ID: SQMIG35A2398

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