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

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 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.