Enteral stents maintain the lumen of hollow organs, vessels, and ducts. These stents are used for the treatment of palliation of malignant obstruction as well as treatment of malignant luminal obstruction of the gastrointestinal tract. Enteral stents are also used within the colon as a pre-operative modality. Technological advancements have led to development of several types of flexible and self-expandable stents with greater success rates. Currently available enteral stents include self-expandable metal stents (SEMS) for esophageal, gastroduodenal, and malignant colon obstruction and self-expandable plastic stents (SEPS) for malignant or benign esophageal strictures. Self-expandable metal stents (SEMS) are composed of a variety of metal alloys and are of varying sizes and shapes depending on the individual manufacturer and organ of placement. Enteral stents are available as fully covered, uncovered, or partially covered varieties, with the coating usually being a plastic membrane or silicone. Each of these stent types has its own inherent advantages and disadvantages and optimal uses in clinical practice. Colorectal cancer that produces left-sided colonic obstruction is the most common indication for placement of self- metastatic expandable metal stents for pre-operative decompression. Colorectal stent placement may serve as a palliative modality of obstruction when patients with primary or recurrent colorectal carcinoma where the disease is widely metastatic. Cancer is often considered a disease of affluence, but about 70% of cancer deaths occur in low- and middle-income countries.
New product innovation, increasing prevalence of cancer disease, rapidly growing population, and changing lifestyles are projected to drive the global enteral stents market. Technological advancement and rising adoption of enteral stents are other factors expected to fuel the growth of the global enteral stents market. On the other hand, adverse effects of products are likely to hamper the growth of the enteral stents market.
The enteral stents market has been segmented based on stent type, product type, end-user, and region. In terms of stent type, the enteral stents market has been classified into esophageal stents, gastroduodenal stents, and colon stents. There are two types of placement of colonic stents for relief of colonic obstruction: pre-operative decompression and palliation of advanced malignancy. In terms of product type, the market has been categorized into self-expandable metal stents (SEMS) and self-expandable plastic stents (SEPS). Self-expandable metal stents (SEMS) have been classified into uncovered SEMS, partially covered SEMS, and fully covered SEMS. In terms of end-user, the enteral stents market has been classified into hospitals, specialty clinics, ambulatory centers, and research centers.
Geographically, the enteral stents market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America dominates the enteral stents market due to technological advancement, lifestyle change, growing prevalence of cancer, and early treatment adoption. According to the National Cancer Institute (2014), the number of people living with cancer reached 14.5 million and is expected to increase to 19 million by 2024. Europe is the second largest market for enteral stents. Asia Pacific is expected to grow at higher rate due to increasing per capita expenditure, developing health care infrastructure, rapid population growth, and increasing research and development. Latin America and Middle East & Africa will create a significant opportunity for the persistent facial erythema treatment market due to increasing consumption of alcohol, private and government health care insurance coverage, growing awareness among people, and increasing investment of key manufacturers in this area. According to global cancer’s foot print, In Brazil cancer cases annually is 171.3 per 1000,000 people.
Major players operating in the enteral stents market include Boston Scientific Corporation, Cook Medical, Abbott Vascular, Biosensors International, Stryker Corporation, Medtronic, Inc., B. Braun Melsungen AG, C. R. Bard, Cordis Corporation, and Terumo Corporation, among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.