The Gastrointestinal (GI) Stents Market is expected to register a CAGR of 5.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 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 ReportThe 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
- Biliary Disease
- Gastrointestinal Cancer
- Inflammatory Bowel Diseases
- Self-Expanding Metal Stents
- Plastic Stents
- Hospitals
- Ambulatory Surgical Centers
- Specialized Clinics
Strategic Insights
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.
- 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.
- 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.
Market Report Scope
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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The gastrointestinal (GI) stents market is estimated to grow with a CAGR of 5.2% from 2023 to 2031.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
The market drivers include rising prevalence of gastrointestinal disorders and development of innovative products are driving the gastrointestinal (GI) stents market.
The gastrointestinal (GI) stents market majorly consists of the players such as Boston Scientific Corporation, BD, Cook Medical among others
Self-expanding stents are likely to remain the key trend during the forecast period
North America dominated the gastrointestinal (GI) stents market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gastrointestinal (GI) Stents Market - By Product
1.3.2 Gastrointestinal (GI) Stents Market - By Application
1.3.3 Gastrointestinal (GI) Stents Market - By Material
1.3.4 Gastrointestinal (GI) Stents Market - By End User
1.3.5 Gastrointestinal (GI) Stents Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GASTROINTESTINAL (GI) STENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GASTROINTESTINAL (GI) STENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GASTROINTESTINAL (GI) STENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. GASTROINTESTINAL (GI) STENTS - GLOBAL MARKET OVERVIEW
6.2. GASTROINTESTINAL (GI) STENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. GASTROINTESTINAL (GI) STENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BILIARY STENT
7.3.1. Overview
7.3.2. Biliary stent Market Forecast and Analysis
7.4. DUODENAL STENT
7.4.1. Overview
7.4.2. Duodenal stent Market Forecast and Analysis
7.5. COLONIC STENT
7.5.1. Overview
7.5.2. Colonic stent Market Forecast and Analysis
7.6. PANCREATIC STENT
7.6.1. Overview
7.6.2. Pancreatic stent Market Forecast and Analysis
7.7. ESOPHAGEAL STENT
7.7.1. Overview
7.7.2. Esophageal stent Market Forecast and Analysis
8. GASTROINTESTINAL (GI) STENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BILIARY DISEASE
8.3.1. Overview
8.3.2. Biliary Disease Market Forecast and Analysis
8.4. GASTROINTESTINAL CANCER
8.4.1. Overview
8.4.2. Gastrointestinal Cancer Market Forecast and Analysis
8.4.3. Colorectal Cancer Market
8.4.3.1. Overview
8.4.3.2. Colorectal Cancer Market Forecast and Analysis
8.4.4. Stomach Cancer Market
8.4.4.1. Overview
8.4.4.2. Stomach Cancer Market Forecast and Analysis
8.4.5. Pancreatic Cancer Market
8.4.5.1. Overview
8.4.5.2. Pancreatic Cancer Market Forecast and Analysis
8.4.6. Esophageal Cancer Market
8.4.6.1. Overview
8.4.6.2. Esophageal Cancer Market Forecast and Analysis
8.5. INFLAMMATORY BOWEL DISEASES
8.5.1. Overview
8.5.2. Inflammatory Bowel Diseases Market Forecast and Analysis
9. GASTROINTESTINAL (GI) STENTS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
9.1. OVERVIEW
9.2. MATERIAL MARKET FORECASTS AND ANALYSIS
9.3. SELF-EXPANDING METAL STENTS
9.3.1. Overview
9.3.2. Self-Expanding Metal Stents Market Forecast and Analysis
9.3.3. Stainless Steel Stents Market
9.3.3.1. Overview
9.3.3.2. Stainless Steel Stents Market Forecast and Analysis
9.3.4. Nitinol Stents Market
9.3.4.1. Overview
9.3.4.2. Nitinol Stents Market Forecast and Analysis
9.3.5. Other Metal Stents Market
9.3.5.1. Overview
9.3.5.2. Other Metal Stents Market Forecast and Analysis
9.4. PLASTIC STENTS
9.4.1. Overview
9.4.2. Plastic Stents Market Forecast and Analysis
10. GASTROINTESTINAL (GI) STENTS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. AMBULATORY SURGICAL CENTERS
10.4.1. Overview
10.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.5. SPECIALIZED CLINICS
10.5.1. Overview
10.5.2. Specialized Clinics Market Forecast and Analysis
11. GASTROINTESTINAL (GI) STENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Gastrointestinal (GI) Stents Market Overview
11.1.2 North America Gastrointestinal (GI) Stents Market Forecasts and Analysis
11.1.3 North America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Product
11.1.4 North America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Application
11.1.5 North America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Material
11.1.6 North America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By End User
11.1.7 North America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Countries
11.1.7.1 United States Gastrointestinal (GI) Stents Market
11.1.7.1.1 United States Gastrointestinal (GI) Stents Market by Product
11.1.7.1.2 United States Gastrointestinal (GI) Stents Market by Application
11.1.7.1.3 United States Gastrointestinal (GI) Stents Market by Material
11.1.7.1.4 United States Gastrointestinal (GI) Stents Market by End User
11.1.7.2 Canada Gastrointestinal (GI) Stents Market
11.1.7.2.1 Canada Gastrointestinal (GI) Stents Market by Product
11.1.7.2.2 Canada Gastrointestinal (GI) Stents Market by Application
11.1.7.2.3 Canada Gastrointestinal (GI) Stents Market by Material
11.1.7.2.4 Canada Gastrointestinal (GI) Stents Market by End User
11.1.7.3 Mexico Gastrointestinal (GI) Stents Market
11.1.7.3.1 Mexico Gastrointestinal (GI) Stents Market by Product
11.1.7.3.2 Mexico Gastrointestinal (GI) Stents Market by Application
11.1.7.3.3 Mexico Gastrointestinal (GI) Stents Market by Material
11.1.7.3.4 Mexico Gastrointestinal (GI) Stents Market by End User
11.2. EUROPE
11.2.1 Europe Gastrointestinal (GI) Stents Market Overview
11.2.2 Europe Gastrointestinal (GI) Stents Market Forecasts and Analysis
11.2.3 Europe Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Product
11.2.4 Europe Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Application
11.2.5 Europe Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Material
11.2.6 Europe Gastrointestinal (GI) Stents Market Forecasts and Analysis - By End User
11.2.7 Europe Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Gastrointestinal (GI) Stents Market
11.2.7.1.1 Germany Gastrointestinal (GI) Stents Market by Product
11.2.7.1.2 Germany Gastrointestinal (GI) Stents Market by Application
11.2.7.1.3 Germany Gastrointestinal (GI) Stents Market by Material
11.2.7.1.4 Germany Gastrointestinal (GI) Stents Market by End User
11.2.7.2 France Gastrointestinal (GI) Stents Market
11.2.7.2.1 France Gastrointestinal (GI) Stents Market by Product
11.2.7.2.2 France Gastrointestinal (GI) Stents Market by Application
11.2.7.2.3 France Gastrointestinal (GI) Stents Market by Material
11.2.7.2.4 France Gastrointestinal (GI) Stents Market by End User
11.2.7.3 Italy Gastrointestinal (GI) Stents Market
11.2.7.3.1 Italy Gastrointestinal (GI) Stents Market by Product
11.2.7.3.2 Italy Gastrointestinal (GI) Stents Market by Application
11.2.7.3.3 Italy Gastrointestinal (GI) Stents Market by Material
11.2.7.3.4 Italy Gastrointestinal (GI) Stents Market by End User
11.2.7.4 Spain Gastrointestinal (GI) Stents Market
11.2.7.4.1 Spain Gastrointestinal (GI) Stents Market by Product
11.2.7.4.2 Spain Gastrointestinal (GI) Stents Market by Application
11.2.7.4.3 Spain Gastrointestinal (GI) Stents Market by Material
11.2.7.4.4 Spain Gastrointestinal (GI) Stents Market by End User
11.2.7.5 United Kingdom Gastrointestinal (GI) Stents Market
11.2.7.5.1 United Kingdom Gastrointestinal (GI) Stents Market by Product
11.2.7.5.2 United Kingdom Gastrointestinal (GI) Stents Market by Application
11.2.7.5.3 United Kingdom Gastrointestinal (GI) Stents Market by Material
11.2.7.5.4 United Kingdom Gastrointestinal (GI) Stents Market by End User
11.2.7.6 Rest of Europe Gastrointestinal (GI) Stents Market
11.2.7.6.1 Rest of Europe Gastrointestinal (GI) Stents Market by Product
11.2.7.6.2 Rest of Europe Gastrointestinal (GI) Stents Market by Application
11.2.7.6.3 Rest of Europe Gastrointestinal (GI) Stents Market by Material
11.2.7.6.4 Rest of Europe Gastrointestinal (GI) Stents Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Gastrointestinal (GI) Stents Market Overview
11.3.2 Asia-Pacific Gastrointestinal (GI) Stents Market Forecasts and Analysis
11.3.3 Asia-Pacific Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Material
11.3.6 Asia-Pacific Gastrointestinal (GI) Stents Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Gastrointestinal (GI) Stents Market
11.3.7.1.1 Australia Gastrointestinal (GI) Stents Market by Product
11.3.7.1.2 Australia Gastrointestinal (GI) Stents Market by Application
11.3.7.1.3 Australia Gastrointestinal (GI) Stents Market by Material
11.3.7.1.4 Australia Gastrointestinal (GI) Stents Market by End User
11.3.7.2 China Gastrointestinal (GI) Stents Market
11.3.7.2.1 China Gastrointestinal (GI) Stents Market by Product
11.3.7.2.2 China Gastrointestinal (GI) Stents Market by Application
11.3.7.2.3 China Gastrointestinal (GI) Stents Market by Material
11.3.7.2.4 China Gastrointestinal (GI) Stents Market by End User
11.3.7.3 India Gastrointestinal (GI) Stents Market
11.3.7.3.1 India Gastrointestinal (GI) Stents Market by Product
11.3.7.3.2 India Gastrointestinal (GI) Stents Market by Application
11.3.7.3.3 India Gastrointestinal (GI) Stents Market by Material
11.3.7.3.4 India Gastrointestinal (GI) Stents Market by End User
11.3.7.4 Japan Gastrointestinal (GI) Stents Market
11.3.7.4.1 Japan Gastrointestinal (GI) Stents Market by Product
11.3.7.4.2 Japan Gastrointestinal (GI) Stents Market by Application
11.3.7.4.3 Japan Gastrointestinal (GI) Stents Market by Material
11.3.7.4.4 Japan Gastrointestinal (GI) Stents Market by End User
11.3.7.5 South Korea Gastrointestinal (GI) Stents Market
11.3.7.5.1 South Korea Gastrointestinal (GI) Stents Market by Product
11.3.7.5.2 South Korea Gastrointestinal (GI) Stents Market by Application
11.3.7.5.3 South Korea Gastrointestinal (GI) Stents Market by Material
11.3.7.5.4 South Korea Gastrointestinal (GI) Stents Market by End User
11.3.7.6 Rest of Asia-Pacific Gastrointestinal (GI) Stents Market
11.3.7.6.1 Rest of Asia-Pacific Gastrointestinal (GI) Stents Market by Product
11.3.7.6.2 Rest of Asia-Pacific Gastrointestinal (GI) Stents Market by Application
11.3.7.6.3 Rest of Asia-Pacific Gastrointestinal (GI) Stents Market by Material
11.3.7.6.4 Rest of Asia-Pacific Gastrointestinal (GI) Stents Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Gastrointestinal (GI) Stents Market Overview
11.4.2 Middle East and Africa Gastrointestinal (GI) Stents Market Forecasts and Analysis
11.4.3 Middle East and Africa Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Material
11.4.6 Middle East and Africa Gastrointestinal (GI) Stents Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Gastrointestinal (GI) Stents Market
11.4.7.1.1 South Africa Gastrointestinal (GI) Stents Market by Product
11.4.7.1.2 South Africa Gastrointestinal (GI) Stents Market by Application
11.4.7.1.3 South Africa Gastrointestinal (GI) Stents Market by Material
11.4.7.1.4 South Africa Gastrointestinal (GI) Stents Market by End User
11.4.7.2 Saudi Arabia Gastrointestinal (GI) Stents Market
11.4.7.2.1 Saudi Arabia Gastrointestinal (GI) Stents Market by Product
11.4.7.2.2 Saudi Arabia Gastrointestinal (GI) Stents Market by Application
11.4.7.2.3 Saudi Arabia Gastrointestinal (GI) Stents Market by Material
11.4.7.2.4 Saudi Arabia Gastrointestinal (GI) Stents Market by End User
11.4.7.3 U.A.E Gastrointestinal (GI) Stents Market
11.4.7.3.1 U.A.E Gastrointestinal (GI) Stents Market by Product
11.4.7.3.2 U.A.E Gastrointestinal (GI) Stents Market by Application
11.4.7.3.3 U.A.E Gastrointestinal (GI) Stents Market by Material
11.4.7.3.4 U.A.E Gastrointestinal (GI) Stents Market by End User
11.4.7.4 Rest of Middle East and Africa Gastrointestinal (GI) Stents Market
11.4.7.4.1 Rest of Middle East and Africa Gastrointestinal (GI) Stents Market by Product
11.4.7.4.2 Rest of Middle East and Africa Gastrointestinal (GI) Stents Market by Application
11.4.7.4.3 Rest of Middle East and Africa Gastrointestinal (GI) Stents Market by Material
11.4.7.4.4 Rest of Middle East and Africa Gastrointestinal (GI) Stents Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Gastrointestinal (GI) Stents Market Overview
11.5.2 South and Central America Gastrointestinal (GI) Stents Market Forecasts and Analysis
11.5.3 South and Central America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Product
11.5.4 South and Central America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Application
11.5.5 South and Central America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Material
11.5.6 South and Central America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By End User
11.5.7 South and Central America Gastrointestinal (GI) Stents Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Gastrointestinal (GI) Stents Market
11.5.7.1.1 Brazil Gastrointestinal (GI) Stents Market by Product
11.5.7.1.2 Brazil Gastrointestinal (GI) Stents Market by Application
11.5.7.1.3 Brazil Gastrointestinal (GI) Stents Market by Material
11.5.7.1.4 Brazil Gastrointestinal (GI) Stents Market by End User
11.5.7.2 Argentina Gastrointestinal (GI) Stents Market
11.5.7.2.1 Argentina Gastrointestinal (GI) Stents Market by Product
11.5.7.2.2 Argentina Gastrointestinal (GI) Stents Market by Application
11.5.7.2.3 Argentina Gastrointestinal (GI) Stents Market by Material
11.5.7.2.4 Argentina Gastrointestinal (GI) Stents Market by End User
11.5.7.3 Rest of South and Central America Gastrointestinal (GI) Stents Market
11.5.7.3.1 Rest of South and Central America Gastrointestinal (GI) Stents Market by Product
11.5.7.3.2 Rest of South and Central America Gastrointestinal (GI) Stents Market by Application
11.5.7.3.3 Rest of South and Central America Gastrointestinal (GI) Stents Market by Material
11.5.7.3.4 Rest of South and Central America Gastrointestinal (GI) Stents Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL GASTROINTESTINAL (GI) STENTS MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. GASTROINTESTINAL (GI) STENTS MARKET, KEY COMPANY PROFILES
14.1. BOSTON SCIENTIFIC
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. BD
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. CONMED CORPORATION
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. COOK MEDICAL
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. ELLA-CS, S.R.O.
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. CANTEL MEDICAL CORPORATION
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. HOBBS MEDICAL, INC.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. MERIT MEDICAL SYSTEMS INC
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. OLYMPUS AMERICA
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. DIAGMED HEALTHCARE
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Boston Scientific Corporation
2. Cook Group Inc.
3. BD
4. CONMED Corporation
5. Cantel Medical Corporation
6. ELLA - CS s.r.o.
7. Hobbs Medical Inc.
8. Merit Medical Systems Inc.
9. Olympus Corporation
10. Diagmed Healthcare
11. M.I. Tech
12. Taewoong Medical
13. Micro-Tech
14. Endo-Flex
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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