Endoscopic Stricture Management Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Endoscopy is a minimally invasive technique that allows one to see inside of the body. Endoscopy has received widespread acceptability among gastroenterologists and surgeons since its inception. Endoscopy can be used for both diagnostic and therapeutic purposes. The constriction or obstruction of parts of the GI tract is referred to as gastrointestinal strictures. For the treatment of colonic strictures, esophageal strictures, pyloric strictures, biliary strictures, and other GI strictures, gastrointestinal endoscopic stricture management devices are commonly employed. In the near future, technological advancements in stricture control devices are expected to drive market expansion.

MARKET SCOPE

The "Global Endoscopic Stricture Management Devices Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the endoscopic stricture management devices market with detailed market segmentation by product, application, end user, and geography. The report provides key statistics on the market status of the leading endoscopic stricture management devices market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global endoscopic stricture management devices market is segmented into balloon dilators, stents, and bougie dilators. The market for balloon dilators is further sub-segmented into balloon dilator catheters, and balloon inflation devices. The market for stents is further sub-segmented into metal stents, plastic stents, and biodegradable stents.
•   Based on application, the market is bifurcated into esophageal, colonic, pyloric, biliary, and others
•   Based on end user, the market is bifurcated into hospitals ambulatory surgical centers, and others

MARKET DYNAMICS

Drivers:

•   Increasing Accessibility to Diagnostic Techniques and Services
•   Technological Innovations

Restraints

•   Unfavorable Reimbursement Policies

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The endoscopic stricture management devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the endoscopic stricture management devices market in these regions.

IMPACT OF COVID-19 ON ENDOSCOPIC STRICTURE MANAGEMENT DEVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the endoscopic stricture management devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from endoscopic stricture management devices market are anticipated to lucrative growth opportunities in the future with the rising demand for endoscopic stricture management devices in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the endoscopic stricture management devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Merit Medical Systems
•   Teleflex Incorporated
•   Boston Scientific Corporation
•   CONMED Corporation
•   Hobbs Medical
•   PanMed US
•   Cook Medical
•   Olympus Corporation
•   Medi-globe
•   Becton, Dickinson and Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Endoscopic Stricture Management Devices Report Scope