Gastrointestinal Stents Market To Reach $611.4 Million By 2030

Gastrointestinal Stents Market Growth & Trends

The global gastrointestinal stents market size is expected to reach USD 611.4 million by 2030, registering a CAGR of 5.2% during the forecast period, according to a new report by Grand View Research, Inc. Increasing burden of gastrointestinal diseases including biliary diseases, esophageal cancer, and colorectal cancer are anticipated to boost the usage of GI stents across the globe.

Individuals above 60 years of age form the key target population for these products, as they are at a high risk of developing gastrointestinal and stomach-related diseases. Thus, aging demographics of most of the economies around the globe is a prime factor driving the growth of the sector. Moreover, reimbursement coverage provided by the Center for Medicare & Medicaid Services (CMS) and various private payers is spurring the adoption of GI stents.

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Gastrointestinal Stents Market Report Highlights

• The gastrointestinal stents market study suggests that biliary stent dominated the overall sector in 2023. Incidences of biliary diseases such as bile duct cancer, gallstone disease and primary biliary cholangitis are on the rise globally, which would drive the growth of biliary stents sector positively.

• Duodenal stents are projected to emerge as the fastest-growing segment during the forecast period. Attributed to the rising gastrointestinal disorders such as tumors, strictures, and other pathologies.

• North America occupied the largest revenue share in 2023, due to the high rate of diagnosing new cases of gastrointestinal diseases and constantly rising awareness regarding commercial availability of effective treatments.

• In addition, increasing incidences of irritable bowel syndrome, colorectal cancer and pancreatic cancer are a few high impact-rendering drivers for the market.

• Asia Pacific is expected to witness a significant growth during the forecast period. The presence of countries such as Japan, China and India with constantly increasing patient population is a key factor anticipated to fuel the market growth in the region.

Gastrointestinal Stents Market Segmentation

Grand View Research has segmented the global gastrointestinal stents market based on type, application, material, end-use, and region:

Gastrointestinal Stents Type Outlook (Revenue, USD Million, 2018 - 2030) 

• Biliary Stent

• Esophageal Stent

• Colonic Stent

• Pancreatic Stent

• Duodenal Stent

Gastrointestinal Stents Application Outlook (Revenue, USD Million, 2018 - 2030)

• Gastrointestinal Cancer

• Biliary Disease

• Colorectal Cancer

• Stomach Cancer

• Others

Gastrointestinal Stents Material Outlook (Revenue, USD Million, 2018 - 2030)

• Metal

• Plastic

• Others

Gastrointestinal Stents End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory Surgical Centers

• Others

Gastrointestinal Stents Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Gastrointestinal Stents Market

• Boston Scientific Corporation

• Olympus Corporation

• CONMED Corporation

• Cook Medical

• Medtronic

• ELLA

• Cantel Medical Corporation

• Merit Endotek

• Hobbs Medical, Inc.

• Gore Medical