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Gastrointestinal Stents Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Gastrointestinal stents are used to open up bile ducts, esophagus, small bowel, and colon that may be diseased or infected. These stents are used in different diseases such as colorectal cancer, inflammatory bowel disease, and other gastrointestinal diseases. Stents can hold open strictured areas in the esophagus, the biliary tree, the colon and the gastroduodenal region. Different types of gastrointestinal stents are used based on disease condition. Bile duct stents are placed in patients with cholangiocarcinoma and their function is to allow normal drainage from the pancreas, gallbladder, and liver into the small bowel. Esophageal stents are used to open a patient’s esophagus and assist in swallowing food and liquid content. Duodenal stents are used to sustain content flow through a patient’s small bowel, near the top of the small intestine, when that area is blocked by cancerous tumors. Colonic stents are used to open points of stricture or narrowing in a patient’s colon when colorectal disease or cancer may be making it difficult for the patient to digest and to pass stool properly. Advanced endoscopy can be used to insert stents into various sites of the gastrointestinal tract. The basic principles of stent insertion involve initial placement of a guidewire across the region to be stented, using endoscopic vision and often fluoroscopic guidance too. Gastrointestinal stents are also placed non-endoscopically by radiologists.

Growing preference for minimally invasive procedures, increasing prevalence of gastrointestinal diseases such as colorectal cancer, inflammatory bowel disease, and gastrointestinal bleeding, rising consumption of alcohol and tobacco, and unhealthy lifestyle are projected to fuel the global gastrointestinal stents market. According to the National Cancer Institute, the number of new cases of colon and rectum cancer was 41.0 per 100,000 men and women per year. Other factors such as growing awareness among people, technological advancement, health care insurance coverage, and rapid population growth are anticipated to augment the global gastrointestinal stents market. However, stringent regulation for product approval is expected to hamper the growth of the gastrointestinal stents market.

The gastrointestinal stents market has been segmented based on product type, application, end-user, and region. In terms of product type, the market has been classified into bile duct stents, esophageal stents, duodenal stents, and colonic stents. Based on application, the gastrointestinal stents market has been categorized into colorectal cancer, inflammatory bowel disease, gastrointestinal bleeding, and others. In terms of end-user, the market has been segmented into hospitals, specialty clinics, and ambulatory surgery centers.

Geographically, the gastrointestinal stents market has been classified into North America, Latin America, Europe, Asia Pacific, and Middle East T& Africa.

North America dominates the gastrointestinal stents market due to high incidence of gastrointestinal disorders and chronic diseases such as colorectal cancer, rectal cancer, severe abdominal diseases medical conditions, and technological advancement. Colorectal cancer is the third most common cancer diagnosed in both men and women in the U.S. According to the American Cancer Society, an estimated 135,430 people will be diagnosed with colorectal cancer in the U.S. and about 50,260 people will die from the disease in 2017. Europe is the second largest market for gastrointestinal stents. The market in Asia Pacific is expected to grow at higher rate due to rising incidence and mortality of colorectal cancer, increasing prevalence of gastrointestinal diseases, health care insurance coverage, and growing health care expenditure. Latin America and Middle East & Africa will create large opportunity due to developing health care infrastructure, increasing number of private insurance coverage, and growing awareness among people.

Major players operating in this market include Becton, Dickinson and Company, Boston Scientific Corporation, Medtronic, Inc., Cook Medical, Merit Medical Systems, Inc., Taewoong Medical Co. Ltd., and ELLA-CS, s.r.o.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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