Gastrointestinal Stent Industry Growth, Development and Forecast Report 2030

Posted by Aryan on February 12th, 2024

The gastrointestinal stent market was valued at USD 525.5 million in 2023, which will power at a rate of 6% by the end of this decade, to touch USD 781.9 million by 2030. This is credited to the increasing occurrence of gastrointestinal cancers and other digestive complications and the rising elderly populace with gastrointestinal ailments including bowel ailments and diverticulosis.

Moreover, the rising preference of patients toward minimally invasive surgical p processes is powering the market, as these procedures are becoming favorite for treating gastrointestinal diseases, as opposed to traditional open surgical procedures, with regards to low risk of infections, shorter hospital stay, negligeable loss of blood, and fast recovery period.

On the basis of product, the biliary stent category led the industry with a share of 35%, and it will continue like this in thew future. This is because of the growing occurrence of obstructive jaundice, a common ailment that might result from benign or malignant disease.

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The drug-eluting stent category had a larger revenue share in the gastrointestinal stent market in 2023, and it will also maintain its dominance in the future. This is attributable to its compensations, for example reduced target-vessel revascularization, the possibility to decrease the jeopardy of any other associated ailment, the competence to slow release of medication, and the progressions in these kinds of stents for example biodegradability.

It is because of the growing incidence of gastrointestinal cancers all over the world, the demand for gastrointestinal stent is on the rise. This trend will continue in the years to come as well.