The global gastrointestinal stents market size reached US$ 433.1 Million in 2023. Looking forward, the market is projected to reach US$ 572.5 Million by 2032, exhibiting a growth rate (CAGR) of 3.15% during 2023-2032.
A gastrointestinal stent refers to an artificial tube graft that is inserted in the body to prevent blockages in the gullet, stomach and small intestine. It is an expandable metal or a plastic mesh tube that is placed in an anatomical duct, such as bile ducts, esophagus, bowel or colon, and blockages due to cancerous tissues. It aims to remove the obstruction and reduce the pressure caused by inflammation. Some of the most common types of gastrointestinal stents include biliary, colonic, duodenal, esophageal and pancreatic stents.
The rising prevalence of colorectal cancer across the globe is one of the key factors driving the growth of the market. Furthermore, an increasing geriatric population suffering from gastrointestinal diseases, such as bowel ailments, diverticulosis and gastrointestinal malignancies, is also providing a boost to the market growth. Additionally, the growing preference for minimally invasive (MI) surgical procedures, along with the rising health consciousness among the masses, is creating a significant impact on the market. In comparison to the traditional open surgery procedures, gastrointestinal stenting involves low risk of infections, minimal loss of blood and quick recuperation period.
Moreover, various technological advancements, including the development of bio-absorbable and nitinol material-based stents offering a high degree of flexibility and kink-resistance, is acting as another growth-inducing factor. Other factors, including significant growth in the healthcare infrastructure, the implementation of favourable government policies and extensive research and development (R&D) activities, are projected to drive the market further.
2. What is the expected growth rate of the global gastrointestinal stents market during 2024-2032?
3. What are the key factors driving the global gastrointestinal stents market?
4. What has been the impact of COVID-19 on the global gastrointestinal stents market?
5. What is the breakup of the global gastrointestinal stents market based on the product type?
6. What is the breakup of the global gastrointestinal stents market based on technology type?
7. What is the breakup of the global gastrointestinal stents market based on the material?
8. What is the breakup of the global gastrointestinal stents market based on the end user?
9. What are the key regions in the global gastrointestinal stents market?
10. Who are the key players/companies in the global gastrointestinal stents market?
A gastrointestinal stent refers to an artificial tube graft that is inserted in the body to prevent blockages in the gullet, stomach and small intestine. It is an expandable metal or a plastic mesh tube that is placed in an anatomical duct, such as bile ducts, esophagus, bowel or colon, and blockages due to cancerous tissues. It aims to remove the obstruction and reduce the pressure caused by inflammation. Some of the most common types of gastrointestinal stents include biliary, colonic, duodenal, esophageal and pancreatic stents.
The rising prevalence of colorectal cancer across the globe is one of the key factors driving the growth of the market. Furthermore, an increasing geriatric population suffering from gastrointestinal diseases, such as bowel ailments, diverticulosis and gastrointestinal malignancies, is also providing a boost to the market growth. Additionally, the growing preference for minimally invasive (MI) surgical procedures, along with the rising health consciousness among the masses, is creating a significant impact on the market. In comparison to the traditional open surgery procedures, gastrointestinal stenting involves low risk of infections, minimal loss of blood and quick recuperation period.
Moreover, various technological advancements, including the development of bio-absorbable and nitinol material-based stents offering a high degree of flexibility and kink-resistance, is acting as another growth-inducing factor. Other factors, including significant growth in the healthcare infrastructure, the implementation of favourable government policies and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global gastrointestinal stents market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type, technology type, material and end user.Breakup by Product Type:
- Biliary Stents
- Duodenal Stents
- Colonic Stents
- Pancreatic Stents
- Esophageal Stents
Breakup by Technology Type:
- Anti-Migratory Stents
- Drug-Eluting Stents
- Radioactive Stents
- Anti-Reflux Stents
- Shape-Modified Stents
- Others
Breakup by Material:
- Plastic Stents
- Self-Expanding Metal Stents
- Stainless Steel Stents
- Nitinol Stents
- Others
- Covered Self-Expandable Metallic Stents
- Biodegradable or Drug Eluting Stents
Breakup by End User:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centres
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being Becton, Dickinson and Company, Boston Scientific Corporation, Cantel Medical Corporation, Conmed Corporation, Cook Group Incorporated, ELLA-CS, S.R.O., Hobbs Medical Inc., Merit Medical Systems Inc., Olympus Corporation, Taewoong Medical Co. Ltd., etc.Key Questions Answered in This Report
1. What was the size of the global gastrointestinal stents market in 2023?2. What is the expected growth rate of the global gastrointestinal stents market during 2024-2032?
3. What are the key factors driving the global gastrointestinal stents market?
4. What has been the impact of COVID-19 on the global gastrointestinal stents market?
5. What is the breakup of the global gastrointestinal stents market based on the product type?
6. What is the breakup of the global gastrointestinal stents market based on technology type?
7. What is the breakup of the global gastrointestinal stents market based on the material?
8. What is the breakup of the global gastrointestinal stents market based on the end user?
9. What are the key regions in the global gastrointestinal stents market?
10. Who are the key players/companies in the global gastrointestinal stents market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Gastrointestinal Stents Market
6 Market Breakup by Product Type
7 Market Breakup by Technology Type
8 Market Breakup by Material
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Becton, Dickinson and Company
- Boston Scientific Corporation
- Cantel Medical Corporation
- Conmed Corporation
- Cook Group Incorporated
- ELLA-CS
- S.R.O.
- Hobbs Medical Inc.
- Merit Medical Systems Inc.
- Olympus Corporation
- Taewoong Medical Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 433.1 Million |
| Forecasted Market Value ( USD | $ 572.5 Million |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
