Gastrointestinal Stents Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Gastrointestinal Stents market, covering various aspects such as market size, trends, and forecasts for the period of 2023 to 2033. Insights include regional breakdowns, industry analysis, and key players in the market.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $2.50 Billion |
| CAGR (2023-2033) | 7.3% |
| 2033 Market Size | $5.16 Billion |
| Top Companies | Boston Scientific Corporation, Medtronic plc, Cook Medical, Abbott Laboratories |
| Last Modified Date | 15 Nov 2024 |
Gastrointestinal Stents Market Report (2023 - 2033)
Gastrointestinal Stents Market Overview
What is the Market Size & CAGR of Gastrointestinal Stents market in 2023?
Gastrointestinal Stents Industry Analysis
Gastrointestinal Stents Market Segmentation and Scope
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Gastrointestinal Stents Market Analysis Report by Region
Europe Gastrointestinal Stents Market Report:
Europe's market is anticipated to grow from $0.66 billion in 2023 to $1.35 billion by 2033. The growth is supported by well-established healthcare systems, higher adoption of new technologies, and increasing preferences for minimally invasive surgical options.Asia Pacific Gastrointestinal Stents Market Report:
In the Asia Pacific region, the gastrointestinal stents market is expected to grow from $0.55 billion in 2023 to $1.13 billion by 2033. The growth is propelled by increasing healthcare investments, rising awareness of minimally invasive procedures, and a growing elderly population facing various gastrointestinal ailments.North America Gastrointestinal Stents Market Report:
North American gastrointestinal stents market will see substantial growth, increasing from $0.89 billion in 2023 to $1.85 billion in 2033. This is attributed to advanced healthcare systems, high prevalence of gastrointestinal disorders, and industry-leading innovations in stent designs and materials.South America Gastrointestinal Stents Market Report:
The South American market is projected to expand from $0.16 billion in 2023 to $0.33 billion by 2033, driven by growing healthcare access and rising cases of gastrointestinal diseases, particularly in urban areas. Efforts by governments to improve healthcare facilities are also significantly impacting market growth.Middle East & Africa Gastrointestinal Stents Market Report:
The Middle East and Africa region is forecasted to experience growth from $0.24 billion in 2023 to $0.50 billion by 2033. Factors contributing to this growth include rising healthcare expenditures, improving infrastructure, and increasing awareness of gastrointestinal health management.Request a custom research report for industry.
Gastrointestinal Stents Market Analysis By End User
Global Gastrointestinal Stents Market, By End-User Market Analysis (2023 - 2033)
In terms of end-user segments, the hospitals dominate the gastrointestinal stents market, accounting for a market size of $1.72 billion in 2023, expected to grow to $3.54 billion by 2033. Hospitals contribute approximately 68.65% share in this segment. Clinics are gaining traction, expected to move from $0.58 billion in 2023 to $1.20 billion in 2033, holding a 23.24% market share. Ambulatory surgical centers, while smaller, show promising growth from $0.20 billion to $0.42 billion during the same period.
Gastrointestinal Stents Market Analysis By Material
Global Gastrointestinal Stents Market, By Material Market Analysis (2023 - 2033)
Metal stents, accounting for a market size of $1.72 billion in 2023, are forecasted to reach $3.54 billion in 2033 with an 68.65% market share. Plastic stents are also significant, moving from $0.58 billion to $1.20 billion, holding a 23.24% share. Bioabsorbable stents, while currently smaller, are expected to grow significantly, from $0.20 billion to $0.42 billion, representing an 8.11% market share.
Gastrointestinal Stents Market Analysis By Application
Global Gastrointestinal Stents Market, By Application Market Analysis (2023 - 2033)
The application segment sees esophageal stents leading with a market size of $1.38 billion in 2023, expanding to $2.85 billion by 2033, securing a 55.21% market share. Duodenal stents follow closely, growing from $0.56 billion to $1.16 billion with a 22.39% share. Colonic and biliary stents contribute to a combined market size of $0.56 billion in 2023, projected to double by 2033.
Gastrointestinal Stents Market Analysis By Endoscopic Technique
Global Gastrointestinal Stents Market, By Endoscopic Technique Market Analysis (2023 - 2033)
Esophageal endoscopy is a leading technique, holding a market size of $1.72 billion in 2023, anticipated to reach $3.54 billion by 2033, representing a market share of 68.65%. Duodenal endoscopy is also significant, growing from $0.58 billion to $1.20 billion, illustrating the increasing reliance on advanced diagnostic methods in gastrointestinal care.
Gastrointestinal Stents Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Gastrointestinal Stents Industry
Boston Scientific Corporation:
A leading manufacturer of medical devices with a strong portfolio in gastrointestinal stents, Boston Scientific focuses on innovative solutions enhancing patient care.Medtronic plc:
Known for its broad range of surgical products, Medtronic is a key player in the gastrointestinal stent market, emphasizing advanced technologies and minimally invasive strategies.Cook Medical:
Cook Medical provides a diverse selection of stenting solutions, contributing significantly to the market with its commitment to research and development.Abbott Laboratories:
A global healthcare company, Abbott is recognized for its innovative stent products, benefiting from its extensive clinical trial portfolio and regulatory expertise.We're grateful to work with incredible clients.
