Select Language
According to the latest report by IMARC Group, titled “Gastrointestinal Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global gastrointestinal stents market reached a value of US$ 409.0 Million in 2022. Gastrointestinal (GI) stents are expandable metal or plastic tubes inserted into the body. These medical devices assist in preventing blockages in the stomach, gullet, and small intestine. They also aid in removing the obstruction, reducing the pressure caused by inflammation, and maintaining longer patency. Moreover, as they improve the quality of patients’ lives with digestive tract obstruction, their utilization is increasing around the world.
Global Gastrointestinal Stents Market Trends:
The rapidly growing geriatric population represents one of the primary factors driving the market. Apart from this, the increasing prevalence of colorectal cancer and GI diseases, such as diverticulosis, bowel ailments and GI malignancies, are also contributing to the market growth. Furthermore, leading players are focusing on the development of bio-absorbable and nitinol material-based stents that offer flexibility and kink resistance. This, along with the rising preference for minimally invasive (MI) surgical procedures, is strengthening the growth of the market. Other major factors, such as significant investments in the healthcare infrastructure and extensive research and development (R&D) activities, are creating a favorable market outlook. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.5% during 2023-2028.
Market Summary:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com