Gastrointestinal (GI) Stents Market Analysis, Regional and Competitive Landscape Forecast by 2031

The Gastrointestinal (GI) Stents Market is expected to register a CAGR of 5.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Product (Biliary stent, Duodenal stent, Colonic stent, Pancreatic stent, Esophageal stent), Application (Biliary Disease, Gastrointestinal Cancer, Inflammatory Bowel Diseases), Material (Self-Expanding Metal Stents , Plastic Stents). The report further presents analysis based on the End User (Hospitals, Ambulatory Surgical Centers, Specialized Clinics). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Gastrointestinal (GI) Stents Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

• Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
• Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
• Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Gastrointestinal (GI) Stents Market Segmentation

Product

• Biliary stent
• Duodenal stent
• Colonic stent
• Pancreatic stent
• Esophageal stent

Application

• Biliary Disease
• Gastrointestinal Cancer
• Inflammatory Bowel Diseases

Material

• Self-Expanding Metal Stents
• Plastic Stents

End User

• Hospitals
• Ambulatory Surgical Centers
• Specialized Clinics

End User

• Hospitals
• Ambulatory Surgical Centers
• Specialized Clinics

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Gastrointestinal (GI) Stents Market Growth Drivers

• Global Rise In The Cases Of Gastrointestinal Disorders: The global incidence of gastrointestinal diseases such as tumors of the esophagus, stomach, duodenal ulcers has been on the increase, resulting in the rise in the need for the digestive system stents. The World Health Organization (WHO) states that GI cancer is among the most prevalent cancers with cancer-related deaths on a global scale. This increases the need for gastrointestinal stents to combat such diseases.
• Technological Advancements on Stent Technology: In recent years, new developments in stent technology seem to have enhanced their effectiveness and safety. For instance, the invention of covered stents and drug-releasing stents has eliminated the chances of occurrence of restenosis and have reduced their associated complications. Such advancements have led to an increase in the adoption of gastrointestinal stents.
• Increased Preference For Minimally-Invasive Procedures: Minimally invasive procedures are gaining popularity because they reduce the risk of complications, shorter recovery time and decrease cost of hospitalization. GI stents are placed using minimally invasive procedures, thereby increasing its demand during the forecast period.

Gastrointestinal (GI) Stents Market Future Trends

• Patient-Tailored Stenting Systems Gain Traction: In recent years, studies are being conducted to develop customized stents based on patient’s anatomy/need which is likely to remain key trend during the forecast period. For instance, the research study ‘Computed tomography-guided additive manufacturing of Personalized Absorbable Gastrointestinal Stents for intestinal fistulae and perforations’ was published in 2020. The goal of this work was to develop a customizable bioresorbable gastrointestinal stent that could be rapidly manufactured for clinical use.
• Growing Adoption of Self-Expanding Stents: The incorporation of self-inserting stents has gained popularity mainly due to the simplicity involved in their application and the lower level of associated complications. This is a result of improvements in stenting techniques as well as the advancement of treatment strategies.
• Post-Marketing Activities Becoming More Prominent: Post-marketing activities are becoming more prominent within the gastrointestinal stents market as manufacturers seek to address the safety and efficacy of their devices over long-term use. Regulatory requirements and patient safety fuel this trend.

Gastrointestinal (GI) Stents Market Opportunities

• Entering the Untapped Market: The gastrointestinal stents market future prospects are high in gastrointestinal stents for developing regions like Asia Pacific, Latam, Middle east. Large target patient population and growing demand for advanced health services such as gastrointestinal stents are key factors driving growth of the market in these regions. For instance, as per the Global Cancer Observatory, in India, there were 64,611 number of stomach cancer cases in 2022.
• Development of bioresorbable stents: Recently developed, gastrointestinal bioresorbable stents, have the ability to dissolve after a certain period. Thus, eliminating the need for the stent removal procedure and its associated long-term side effects. This creates a significant growth opportunity for the market players as the market is becoming fragmented with emergence of small to mid-size players.
• Incorporation of digital health technologies: The incorporation of digital technologies such as artificial intelligence, machine learning, and telemedicine with gastrointestinal stents can promote patient care as well as offer better treatment results. This opens up channels for firms to innovate and offer more products and services focusing on stent technology and its complementing health systems.

Gastrointestinal (GI) Stents Market Regional Insights

The regional trends and factors influencing the Gastrointestinal (GI) Stents Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Gastrointestinal (GI) Stents Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Gastrointestinal (GI) Stents Market Report Scope

Gastrointestinal (GI) Stents Market Players Density: Understanding Its Impact on Business Dynamics

The Gastrointestinal (GI) Stents Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Gastrointestinal (GI) Stents Market are:

1. Boston Scientific Corporation
2. Cook Group Inc.
3. BD
4. CONMED Corporation
5. Cantel Medical Corporation

Disclaimer: The companies listed above are not ranked in any particular order.

Key Selling Points

• Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Gastrointestinal (GI) Stents Market, providing a holistic landscape.
• Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
• Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
• Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Gastrointestinal (GI) Stents Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.