Gastrointestinal Stents Market Report by Product Type (Biliary Stents, Duodenal Stents, Colonic Stents, Pancreatic Stents, Esophageal Stents), Technology Type (Anti-Migratory Stents, Drug-Eluting Stents, Radioactive Stents, Anti-Reflux Stents, Shape-Modified Stents, and Others), Material (Plastic Stents, Self-Expanding Metal Stents, Covered Self-Expandable Metallic Stents, Biodegradable or Drug Eluting Stents), End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centres, and Others), and Region 2024-2032
The global gastrointestinal stents market size reached US$ 433.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 572.5 Million by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 433.1 Million
Market Forecast in 2032
US$ 572.5 Million
Market Growth Rate 2024-2032
3.1%
A gastrointestinal stent refers to an artificial tube graft that is inserted in the body to prevent blockages in the gullet, stomach and small intestine. It is an expandable metal or a plastic mesh tube that is placed in an anatomical duct, such as bile ducts, esophagus, bowel or colon, and blockages due to cancerous tissues. It aims to remove the obstruction and reduce the pressure caused by inflammation. Some of the most common types of gastrointestinal stents include biliary, colonic, duodenal, esophageal and pancreatic stents.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The rising prevalence of colorectal cancer across the globe is one of the key factors driving the growth of the market. Furthermore, an increasing geriatric population suffering from gastrointestinal diseases, such as bowel ailments, diverticulosis and gastrointestinal malignancies, is also providing a boost to the market growth. Additionally, the growing preference for minimally invasive (MI) surgical procedures, along with the rising health consciousness among the masses, is creating a significant impact on the market. In comparison to the traditional open surgery procedures, gastrointestinal stenting involves low risk of infections, minimal loss of blood and quick recuperation period. Moreover, various technological advancements, including the development of bio-absorbable and nitinol material-based stents offering a high degree of flexibility and kink-resistance, is acting as another growth-inducing factor. Other factors, including significant growth in the healthcare infrastructure, the implementation of favourable government policies and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global gastrointestinal stents market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, technology type, material and end user.
Breakup by Product Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Biliary Stents
Duodenal Stents
Colonic Stents
Pancreatic Stents
Esophageal Stents
Breakup by Technology Type:
Anti-Migratory Stents
Drug-Eluting Stents
Radioactive Stents
Anti-Reflux Stents
Shape-Modified Stents
Others
Breakup by Material:
Plastic Stents
Self-Expanding Metal Stents
Stainless Steel Stents
Nitinol Stents
Others
Covered Self-Expandable Metallic Stents
Biodegradable or Drug Eluting Stents
Breakup by End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centres
Others
Breakup by Region:
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North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Becton, Dickinson and Company, Boston Scientific Corporation, Cantel Medical Corporation, Conmed Corporation, Cook Group Incorporated, ELLA-CS, S.R.O., Hobbs Medical Inc., Merit Medical Systems Inc., Olympus Corporation, Taewoong Medical Co. Ltd., etc.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Million
Segment Coverage
Product Type, Technology Type, Material, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Becton, Dickinson and Company, Boston Scientific Corporation, Cantel Medical Corporation, Conmed Corporation, Cook Group Incorporated, ELLA-CS, S.R.O., Hobbs Medical Inc., Merit Medical Systems Inc., Olympus Corporation, Taewoong Medical Co. Ltd.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global gastrointestinal stents market was valued at US$ 433.1 Million in 2023.
We expect the global gastrointestinal stents market to exhibit a CAGR of 3.1% during 2024-2032.
The rising demand for gastrointestinal stenting than open traditional surgery procedures, as it offers low risk of infections, long patency, minimal loss of blood, etc., is primarily driving the global gastrointestinal stents market.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective gastrointestinal surgeries to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical devices, thereby negatively impacting the global market for gastrointestinal stents.
Based on the product type, the global gastrointestinal stents market has been divided into biliary stents, duodenal stents, colonic stents, pancreatic stents, and esophageal stents. Among these, biliary stents currently account for the majority of the global market share.
Based on the technology type, the global gastrointestinal stents market can be categorized into anti-migratory stents, drug-eluting stents, radioactive stents, anti-reflux stents, shape-modified stents, and others. Currently, shape-modified stents exhibit a clear dominance in the market.
Based on the material, the global gastrointestinal stents market has been segregated into plastic stents, self-expanding metal stents, covered self-expandable metallic stents, and biodegradable or drug eluting stents. Among these, self-expanding metal stents hold the largest market share.
Based on the end user, the global gastrointestinal stents market can be bifurcated into hospitals, specialty clinics, ambulatory surgical centers, and others. Currently, hospitals exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global gastrointestinal stents market include Becton, Dickinson and Company, Boston Scientific Corporation, Cantel Medical Corporation, Conmed Corporation, Cook Group Incorporated, ELLA-CS, S.R.O., Hobbs Medical Inc., Merit Medical Systems Inc., Olympus Corporation, Taewoong Medical Co. Ltd., etc.
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