United States Medical Gastrointestinal Stent Market was valued at USD 0.65 Billion in 2022 and is projected to reach USD 1.10 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The US Medical Gastrointestinal Stent Market has shown significant growth over recent years, driven by the increasing demand for advanced medical solutions. Gastrointestinal stents are specialized devices used to manage a variety of gastrointestinal (GI) conditions, including strictures, blockages, and other digestive tract issues. These devices play a crucial role in ensuring the functionality of the digestive system and are a vital part of minimally invasive surgeries, contributing to faster recovery and better patient outcomes. As healthcare technology advances, the demand for different types of gastrointestinal stents continues to rise, making this market a key area of focus for the medical device industry.
The Medical Gastrointestinal Stent Market is characterized by a diverse range of stent types, including self-expanding metal stents (SEMS), plastic stents, and biodegradable stents. SEMS, in particular, have become the preferred choice due to their durability and efficacy in treating conditions like colorectal cancer and biliary obstructions. Plastic stents, while less durable than SEMS, are still widely used for short-term applications, especially in patients requiring less invasive treatment options. Biodegradable stents, a newer innovation, offer the advantage of naturally dissolving over time, reducing the need for additional surgeries to remove the stent.
The requirement for these devices is driven by various industries, most notably the healthcare and biotechnology sectors. Hospitals, clinics, and surgical centers are the primary end-users, relying on these stents for treating GI conditions, particularly in aging populations who are more prone to such issues. The rise in gastrointestinal diseases such as cancer, Crohn’s disease, and other inflammatory bowel conditions has further fueled the demand for these life-saving devices.
The US Medical Gastrointestinal Stent Market also benefits from the continuous development of innovative materials and technologies. Advancements in stent design, such as enhanced flexibility, reduced risk of migration, and improved biocompatibility, are expected to expand the market’s potential. Moreover, the push for minimally invasive surgeries aligns with the increasing preference for stents over traditional surgical methods.
With healthcare providers constantly seeking efficient, cost-effective solutions to treat complex GI conditions, the Medical Gastrointestinal Stent Market is poised to continue growing, driven by technological advancements and the increasing prevalence of gastrointestinal diseases across the United States.
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Boston Scientific Corporation
Cook Group
Medtronic plc
ELLA-CS
s.r.o.
Becton
Dickinson and Company
Merit Medical Systems
CONMED Corporation
Cantel Medical
Olympus Corporation
Taewoong Medical
Micro-Tech Co.
Ltd.
Endo-Flex GmbH
MI-Tech
Hobbs Medical Inc
QualiMed
UK Medical
CITEC
Medorah Meditek
BCM Corporation
Leufen Medical GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Medical Gastrointestinal Stent Market
Self-expanding Metal Stents (SEMS)
Plastic Stents
Covered Stents
Uncovered Stents
Metal
Plastic
Composite Materials
Esophageal Obstruction
Biliary Obstruction
Colorectal Obstruction
Duodenal Obstruction
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Direct Sales
Third-Party Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Medical Gastrointestinal Stent Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Medical Gastrointestinal Stent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Medical Gastrointestinal Stent Market, By Type
6. US Medical Gastrointestinal Stent Market, By Application
7. US Medical Gastrointestinal Stent Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Medical Gastrointestinal Stent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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