PUBLISHER: TechSci Research | PRODUCT CODE: 1728190
PUBLISHER: TechSci Research | PRODUCT CODE: 1728190
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The Global Gastrointestinal Stents Market was valued at USD 512.75 million in 2024 and is projected to grow steadily, registering a CAGR of 5.38% through 2030. Gastrointestinal stents are vital medical devices used to maintain the patency of gastrointestinal pathways, including the esophagus, stomach, intestines, and biliary tract. Constructed primarily from metal or plastic, these stents offer minimally invasive treatment options for patients suffering from obstructions or strictures caused by cancer, inflammation, or other gastrointestinal disorders. The market is evolving with technological advancements and expanding clinical applications, alongside strategic shifts by industry players to adapt to changing market dynamics. For example, in March 2024, Olympus Corporation withdrew from its proposed acquisition of a South Korean stent manufacturer, signaling a shift in strategic focus within the global medical device landscape.
Market Overview | |
---|---|
Forecast Period | 2026-2030 |
Market Size 2024 | USD 512.75 Million |
Market Size 2030 | USD 696.47 Million |
CAGR 2025-2030 | 5.38% |
Fastest Growing Segment | Colorectal Cancer |
Largest Market | North America |
Key Market Drivers
Rising Prevalence of Gastrointestinal Disorders
The growing global burden of gastrointestinal disorders is a major factor propelling demand for gastrointestinal stents. Conditions such as colorectal cancer, strictures, and functional gastrointestinal disorders (FGIDs) are increasingly common, leading to higher demand for effective interventions. According to the National Library of Medicine (2021), over 40% of the global population experiences FGIDs, significantly impacting patient well-being and placing greater strain on healthcare systems. This widespread prevalence underscores the need for accessible and effective solutions like stent placements to restore normal gastrointestinal function and alleviate symptoms.
Key Market Challenges
Risk of Complications
Despite their clinical utility, gastrointestinal stents come with inherent risks, including stent migration, perforation, and infections. These complications can compromise patient safety and require additional interventions, thus posing a challenge for clinicians. Achieving the optimal balance between therapeutic benefit and potential complications remains a critical consideration for healthcare professionals in stent selection and placement.
Key Market Trends
Biodegradable Stents
A notable trend gaining traction in the gastrointestinal stents market is the development and clinical adoption of biodegradable stents. Unlike traditional metal or plastic stents, biodegradable variants are designed to naturally degrade over time, eliminating the need for removal procedures. These stents reduce the risk of long-term complications and can minimize patient follow-up, offering a more patient-friendly and cost-effective alternative, particularly in temporary applications.
In this report, the Global Gastrointestinal Stents Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Gastrointestinal Stents Market.
Global Gastrointestinal Stents market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: