Gastrointestinal stents are used as an effective alternate to perform endoscopic procedures. These are self-expanding metal stents that are composed of either nitinol or stainless steel. Gastrointestinal stents are basically used to widen a narrow blood vessel in renal tract or gastrointestinal tract. The stents are specifically designed for the surgery of esophagus, biliary, duodenal, and colonic sites.
The "Global Gastrointestinal (GI) Stents Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Gastrointestinal (GI) Stents market with detailed market segmentation by product, material, application, end user, and geography. The report provides key statistics on the market status of the leading Gastrointestinal (GI) Stents market players and offers key trends and opportunities in the market.
- Based on product, the global gastrointestinal (GI) stents market is segmented into colonic stents, biliary stents, duodenal stents, esophageal stents and pancreatic stents.
- On the basis of material, the market is segmented into self-expanding metal stents and plastic stents. Self-expanding metal stents is further segmented into stainless steel stents, nitinol stents, other metal stents.
- Based on application, the market is segmented into gastrointestinal cancer, biliary diseases and inflammatory bowel diseases. Gastrointestinal cancer is further segmnted into colorectal cancer, stomach cancer, pancreatic cancer, and esophageal cancer.
- On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers and specialized clinics.
- Rising prevalence of gastrointestinal cancer
- Growing geriatric population and age associated GI disorders
- Increasing preference for minimally-invasive procedures
- Complications associated with gastrointestinal procedures
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Gastrointestinal (GI) Stents Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
IMPACT OF COVID-19 ON GASTROINTESTINAL (GI) STENTS MARKET
The COVID-19 pandemic has hugely affected the spectrum of cancer care. Healthcare systems have rapidly reorganized cancer services to ensure patients continue to receive essential care worldwide. Studies have shown that patients with colorectal cancer experienced the most disruption from the COVID-19 pandemic, resulting in delays in screening, diagnosis, and treatment which is expected to increase morbidity and mortality. As per the study conducted at the University of Pennsylvania Health System, COVID-19 was attributable for a 45% decline in new patient visits for screening across all gastrointestinal malignancies. Further, colorectal cancer patient was most affected, with a 53% decrease in new patient visits compared with 2019, and a 91% decrease in colonoscopies. Hospital admissions for patients with diagnosed gastrointestinal malignancies decreased by 37% as compared to 2019. Thus, COVID-19 has negatively impacted the gastrointestinal (GI) stents Market.
The report covers key developments in the Gastrointestinal (GI) Stents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Gastrointestinal (GI) Stents market are anticipated to lucrative growth opportunities in the future with the rising demand for Gastrointestinal (GI) Stents Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Gastrointestinal (GI) Stents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Boston Scientific Corporation
- Cook Group Inc.
- CONMED Corporation
- Cantel Medical Corporation
- CS s.r.o.
- Hobbs Medical Inc.
- Merit Medical Systems Inc.
- Olympus Corporation
- Diagmed Healthcare
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.