Market Overview:
The global gastrointestinal (GI) stent market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of gastrointestinal diseases, rising geriatric population, and technological advancements in GI stents. Based on type, the GI stent market is segmented into nitinol, stainless steel, and plastic stents. Nitinol-based GI stents are expected to dominate the market during the forecast period owing to their properties such as biocompatibility and radiopacity. Based on application, the hospital segment is projected to lead the GI stent market during 2018-2030 due high prevalence of gastrointestinal diseases and increasing number of surgeries performed in hospitals.
Product Definition:
A gastrointestinal / GI stent is a small, wire mesh tube that helps keep the passageway open in the gastrointestinal / GI tract. It is used to treat conditions such as narrowing (stenosis), blockages, and bleeding. The stent may be temporary or permanent.
Nitinol:
Nitinol, also known as silicon nitride or silicoferm, is a synthetic material that was first developed in the 1960s. Nitinol has been used for various medical applications such as dental and oral stents, catheters (bronchial and gastric), vascular grafts & patches; however it has not gained much traction in GI stent market until recently.
Stainless Steel:
Stainless steel is a type of metal that has high corrosion resistance and excellent ductility. It also has good electrical and thermal conductivity, malleability, high strength, hardness, and low carbon content. The material is widely used in industries such as medicine stents (gastric or GI), building & construction industry products such as pipes & tanks; automotive components; aerospace equipment; oil exploration equipment; medical implants & devices etc.
Application Insights:
Based on application, the global market is segmented into hospital-based and ambulatory surgery center-based. The hospital-based segment dominated the overall application sector in 2017 owing to a high prevalence of chronic diseases such as heart diseases, cancer, and diabetes that require long term treatment. In addition, an increase in the number of hospitals across various regions has also positively influenced this growth. For instance, according to WHO Global Health Database (2017), there were approximately 1,500 - 2,000 hospitals per million people in Asia Pacific region while around 10 - 20 hospitals per million people are present in North America and Europe regions.
The ambulatory surgery center based segment is expected to grow at a lucrative rate during the forecast period due to increasing awareness about preventative healthcare along with rising disposable income levels among consumers especially in emerging economies such as China India Brazil etc.
Regional Analysis:
North America dominated the global market in 2017 owing to rising prevalence of gastric cancer and other gastrointestinal disorders. According to the American Cancer Society, more than 1.5 million people will be diagnosed with stomach cancer this year and it is estimated that about 60% of them will die within one year after diagnosis. Thus, a large number of patients suffering from advanced stomach cancers require treatment through endoscopes or surgery which can only be provided by GI stents thus driving their demand in North America over the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period due to increasing incidence rates of gastric cancer coupled with growing geriatric population base in Japan, China & India as well as Australia & New Zealand who are at higher risk for developing stomach diseases such as ulcerative colitis or Crohn’s disease which further increases healthcare expenditure leading to an increase in demand for GI stents thereby propelling growth during the forecast period.
Growth Factors:
- Increasing incidence of gastrointestinal diseases
- Rising geriatric population
- Growing demand for minimally invasive procedures
- Technological advancements in stent design and delivery systems
- increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Gastrointestinal / GI Stent Market Research Report
By Type
Nitinol, Stainless Steel, Plastic
By Application
Hospital, Ambulatory Surgery Center
By Companies
BOSTON SCIENTIFIC, MICRO-TECH (NANJING), TAEWOONG MEDICAL, ELLA-CS, DIAGMED HEALTHCARE, BECTON, DICKINSON, MERIT MEDICAL SYSTEMS, CONMED, CANTEL MEDICAL, Olympus, ENDO-FLEX
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Gastrointestinal / GI Stent Market Report Segments:
The global Gastrointestinal / GI Stent market is segmented on the basis of:
Types
Nitinol, Stainless Steel, Plastic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Ambulatory Surgery Center
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BOSTON SCIENTIFIC
- MICRO-TECH (NANJING)
- TAEWOONG MEDICAL
- ELLA-CS
- DIAGMED HEALTHCARE
- BECTON, DICKINSON
- MERIT MEDICAL SYSTEMS
- CONMED
- CANTEL MEDICAL
- Olympus
- ENDO-FLEX
Highlights of The Gastrointestinal / GI Stent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nitinol
- Stainless Steel
- Plastic
- By Application:
- Hospital
- Ambulatory Surgery Center
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gastrointestinal / GI Stent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A gastroenterology stent is a medical device that is inserted into the stomach or small intestine to help maintain an open passage for food and fluids. Gastrointestinal stents are used to treat conditions such as obstruction, hernia, and ulcers.
Some of the major players in the gastrointestinal / gi stent market are BOSTON SCIENTIFIC, MICRO-TECH (NANJING), TAEWOONG MEDICAL, ELLA-CS, DIAGMED HEALTHCARE, BECTON, DICKINSON, MERIT MEDICAL SYSTEMS, CONMED, CANTEL MEDICAL, Olympus, ENDO-FLEX.
The gastrointestinal / gi stent market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gastrointestinal / GI Stent Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gastrointestinal / GI Stent Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gastrointestinal / GI Stent Market - Supply Chain
4.5. Global Gastrointestinal / GI Stent Market Forecast
4.5.1. Gastrointestinal / GI Stent Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gastrointestinal / GI Stent Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gastrointestinal / GI Stent Market Absolute $ Opportunity
5. Global Gastrointestinal / GI Stent Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gastrointestinal / GI Stent Market Size and Volume Forecast by Type
5.3.1. Nitinol
5.3.2. Stainless Steel
5.3.3. Plastic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gastrointestinal / GI Stent Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gastrointestinal / GI Stent Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Ambulatory Surgery Center
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gastrointestinal / GI Stent Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gastrointestinal / GI Stent Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gastrointestinal / GI Stent Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gastrointestinal / GI Stent Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gastrointestinal / GI Stent Demand Share Forecast, 2019-2026
9. North America Gastrointestinal / GI Stent Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gastrointestinal / GI Stent Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gastrointestinal / GI Stent Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Ambulatory Surgery Center
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gastrointestinal / GI Stent Market Size and Volume Forecast by Type
9.7.1. Nitinol
9.7.2. Stainless Steel
9.7.3. Plastic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gastrointestinal / GI Stent Demand Share Forecast, 2019-2026
10. Latin America Gastrointestinal / GI Stent Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gastrointestinal / GI Stent Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gastrointestinal / GI Stent Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Ambulatory Surgery Center
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gastrointestinal / GI Stent Market Size and Volume Forecast by Type
10.7.1. Nitinol
10.7.2. Stainless Steel
10.7.3. Plastic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gastrointestinal / GI Stent Demand Share Forecast, 2019-2026
11. Europe Gastrointestinal / GI Stent Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gastrointestinal / GI Stent Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gastrointestinal / GI Stent Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Ambulatory Surgery Center
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gastrointestinal / GI Stent Market Size and Volume Forecast by Type
11.7.1. Nitinol
11.7.2. Stainless Steel
11.7.3. Plastic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gastrointestinal / GI Stent Demand Share, 2019-2026
12. Asia Pacific Gastrointestinal / GI Stent Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gastrointestinal / GI Stent Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gastrointestinal / GI Stent Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Ambulatory Surgery Center
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gastrointestinal / GI Stent Market Size and Volume Forecast by Type
12.7.1. Nitinol
12.7.2. Stainless Steel
12.7.3. Plastic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gastrointestinal / GI Stent Demand Share, 2019-2026
13. Middle East & Africa Gastrointestinal / GI Stent Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gastrointestinal / GI Stent Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gastrointestinal / GI Stent Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Ambulatory Surgery Center
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gastrointestinal / GI Stent Market Size and Volume Forecast by Type
13.7.1. Nitinol
13.7.2. Stainless Steel
13.7.3. Plastic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gastrointestinal / GI Stent Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gastrointestinal / GI Stent Market: Market Share Analysis
14.2. Gastrointestinal / GI Stent Distributors and Customers
14.3. Gastrointestinal / GI Stent Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BOSTON SCIENTIFIC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MICRO-TECH (NANJING)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TAEWOONG MEDICAL
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ELLA-CS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DIAGMED HEALTHCARE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BECTON, DICKINSON
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MERIT MEDICAL SYSTEMS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CONMED
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CANTEL MEDICAL
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Olympus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ENDO-FLEX
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook