Gastrointestinal (GI) stents are medical devices used to prevent the collapse of organs in the GI tract. They are majorly used to overcome benign and malignant formations caused by colorectal and esophageal cancers. Design of new stents, such as Niti-S and Polyflex, have been reduced to mitigate dysphagia associated with the above-mentioned cancers. This is beneficial to individuals that are susceptible to chronic diseases. Esophageal, pancreatic, colonic, biliary, and duodenal stents are the major GI stent types.
Prevention of Tumor Growth
The biliary stents was the largest type segment in 2016 on account of high incidence of gallstone disease and bile duct cancer. Minimally invasive endoscopic procedure to place stents in benign bile duct cases is expected to be the primary factor contributing toward segment growth. Biodegradable stents are being increasingly used to treat maladies in the biliary tract. These stents can dissolve without causing any adverse health effects.
The esophageal stent segment is projected to expand at a rapid CAGR over the forecast period (from 2018 to 2025) due to continuous developments in Self-Expanding Metal Stents (SEMS) and Self-Expanding Plastic Stents (SEPS). The WallFlex stents by Boston Scientific are tough enough to resist the internal pressure of the muscles within the esophagus. It can even expand in its size to inhibit tumor growth.
Market Overview
The gastrointestinal (GI) stents market is estimated to be worth USD 472.5 million by 2025, according to a report by Grand View Research, Inc. Increasing cases of GI issues including colorectal cancer, esophageal cancer, and biliary diseases are expected to be the major driver of the market. The rise in number of elderly populace susceptible to these diseases is expected to be another factor driving market demand in the next few years.
In addition, government and private reimbursement schemes for such surgeries are projected to fuel market growth by 2025. High demand for endoscopic procedures is also estimated to augment market development in the years to come. Prominent companies in this market include Taewoong Medical Co. Ltd., Boston Scientific Corporation, ELLA-CS, s.r.o., and Cook Group.
In-Depth Research Report On Gastrointestinal (GI) Stents Market:
https://www.grandviewresearch.com/industry-analysis/gastrointestinal-gi-stents-market
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