A new market research report has been added by MarketResearchReports.biz to its vast collection of research studies. The 60-page research report, titled “Global Gastrointestinal Stents Market 2016–2020,” offers a thorough analysis, providing information related to the growth drivers, restraints, and the key trends in the market. In addition, the key applications, product portfolio, geographical segmentation, and the competitive landscape of the global gastrointestinal stents market have been provided in the report in order to guide the new as well as existing players in the market.
The rising preference for minimal invasive procedures and the availability of new and advanced options for stent placement are some of the primary factors estimated to fuel the growth of the global gastrointestinal stents market in the coming years. On the other hand, the stringent regulations for approval of devices and the complications related to the gastrointestinal stents are projected to restrict the growth of the overall market. Nonetheless, technological advancements in technology, introduction of bioabsorbable gastrointestinal stents, and the rising demand for nitinol material-based gastrointestinal stents are expected to offer promising and lucrative growth opportunities for the key players operating in the market.
On the basis of product type, the global gastrointestinal stents market has been categorized into colonic stents, esophageal stents, duodenal stents, and biliary and pancreatic stents. At present, the colonic stents segment is leading the global gastrointestinal stents market and is likely to remain in the dominant position throughout the forecast period. The colorectal cancer being one of the common gastrointestinal cancers worldwide, this segment is anticipated to witness robust growth in the coming years. Moreover, the rising development of new designed stents to offer minimally invasive procedures is likely to encourage the growth of this segment in the coming years.
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From a geographical perspective, in 2015, the Americas led the global gastrointestinal stents market and are expected to account for a key share in the next few years. The robust growth of this region can be attributed to the growing incidence of chronic diseases, including rectal cancer, colorectal cancer, and several abdominal diseases and other gastrointestinal disorders. In addition to this, the rapid shift from open surgical therapeutics to technologically advanced endovascular processes is another factor anticipated to encourage the growth of the gastrointestinal stents market in the Americas.
At present, the global market for gastrointestinal stents is extremely competitive and fragmented in nature with a large number of players operating in it. The growing focus of these players on technological developments and enhanced products are estimated to encourage growth fo the overall market in the next few years. Some of the prominent players operating in the gastrointestinal stents market are Boston Scientific, Merit Medical Systems, BVM Medical, EndoChoice, Surgimedik, Cook Medical, TaeWoong Medical, Medtronic, ELLA-CS, Hobbs Medical, ConMed, and Olympus.
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