South Korea Medical Gastrointestinal Stent Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korea Medical Gastrointestinal Stent Market has been growing steadily as the demand for minimally invasive procedures increases. Gastrointestinal (GI) stents are primarily used for the treatment of obstructive conditions in the digestive tract, such as esophageal or colorectal cancer. They are critical in maintaining the patency of the GI tract, which helps improve the quality of life for patients suffering from gastrointestinal disorders. South Korea, known for its advanced healthcare system and increasing demand for medical technology, is witnessing significant expansion in the market for these medical devices.
Medical gastrointestinal stents are mainly used in hospitals, clinics, and specialized medical centers, driven by the rising incidence of gastrointestinal diseases, including cancer, strictures, and diverticulitis. A growing geriatric population and the increase in cancer cases are key drivers for the growing adoption of stents in the region. In fact, South Korea has one of the highest rates of gastrointestinal cancer in the world, further propelling the demand for these stents. The adoption of stents not only improves patient outcomes but also reduces the need for repeated surgeries, minimizing healthcare costs over time.
Industries require advanced, durable, and flexible gastrointestinal stents to meet the needs of patients with diverse medical conditions. Stents must be biocompatible, able to withstand long-term use, and feature a design that can be easily deployed in various parts of the gastrointestinal tract. The ability to deliver stents via minimally invasive techniques is another growing requirement in the medical community. As the demand for safer, more effective treatments rises, there is a notable shift towards the development of stents made from materials that provide better resistance to corrosion, improve patient comfort, and minimize the risk of complications.
The role of medical professionals and healthcare providers is crucial in the success of gastrointestinal stents. As they continue to innovate and improve, the market is expected to benefit from greater product variety, enhanced materials, and cutting-edge technology. The industry will continue to evolve with advancements in stent designs and deployment techniques, paving the way for more personalized treatment options and better outcomes for patients in South Korea and beyond.
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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
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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 South Korea 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
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea 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. South Korea Medical Gastrointestinal Stent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Medical Gastrointestinal Stent Market, By Type
6. South Korea Medical Gastrointestinal Stent Market, By Application
7. South Korea Medical Gastrointestinal Stent Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Medical Gastrointestinal Stent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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