Gastrointestinal Diseases Market Driven by Mounting Digestive Concerns in Developed World

Digestive diseases have become a mounting problem in several developed countries in recent years, with the rising prevalence of unhealthy dietary habits contributing to a steady rise in the prevalence of digestive conditions such as ulcers and gastroesophagal reflux. This has in turn driven the demand from several parts of the global healthcare and medical devices sector, including the global gastrointestinal stents market. The rising awareness among citizens about the utility and easy availability of remedies for increasingly prevalent digestive ailments is likely to drive the global gastrointestinal stents market. 

The global gastrointestinal stents market was valued at US$356.7 mn in 2016, and is likely to reach a valuation of US$522.8 mn by the end of 2025. According to Transparency Market Research (TMR), the global gastrointestinal stents market is likely to exhibit a CAGR of 4.4% in the 2017-2025 forecast period.

How bad is the problem with digestive diseases?

The growing prevalence of digestive concerns in developed countries is likely to remain the key driver for the global gastrointestinal stents market in the coming years. According to the CDC, 14.8 million American adults suffered from ulcers in in 2015, representing a worrying 6.1% of the total population. Moreover, 32.2 million physician office visits were accounted for by digestive diseases in the U.S., leading to strong growth prospects for the gastrointestinal stents market in North America. According to the NIH, the total number of adults suffering from digestive problems in the U.S. is closer to 70 million, which is likely to drive demand from the gastrointestinal stents market at a steady rate in the region. The rising prevalence of colon cancer is likely to remain a key factor in the gastrointestinal stents market’s growth.

The widespread adoption of dietary consumption patterns featuring junk food prominently is likely to remain the key driver for the gastrointestinal stents market in North America in the coming years. 


Where do gastrointestinal stents score over conventional implements?

The key benefit offered by modern gastrointestinal stents over conventional modes of managing digestive diseases is the reduced amount of blood lost. The growing insistence on minimally invasive procedures has driven the demand from the gastrointestinal stents market, as both patients and doctors prefer the benefits offered by the modern advances. The use of minimally invasive equipment also leads to shorter hospital stays and reduced risk of infections, making the gastrointestinal stents market likely to exhibit a rapid upward trajectory in the coming years. 

The development of bioabsorbable gastrointestinal stents is likely to remain a vital growth avenue for the global gastrointestinal stents market. Due to the convenience provided by bioabsorbable stents–as they remove the need for a second surgical procedure–success in innovating commercially feasible bioabsorbable products is likely to remain a crucial factor for players in the global gastrointestinal stents market. 

What are the leading segments of the gastrointestinal stents market?

Biliary/pancreatic stents are the dominant revenue generation avenue for the global gastrointestinal stents market. The segment accounted for a majority share of 51.7% in the global gastrointestinal stents market in 2016 and is likely to retain a dominant position in the market in the coming years due to the rising prevalence of liver problems in developed countries. 

The competitive landscape of the global gastrointestinal stents market is dominated by Boston Scientific Corporation, which alone accounted for more than 66% of the market in 2016. However, the high number of regional players in the global gastrointestinal stents market is likely to ensure fragmentation of the rest of the market to a high degree in the coming years. 

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