Esophageal Stents Market Analysis, Opportunities by 2031
The Esophageal Stents Market is expected to register a CAGR of 5.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.
The report is segmented by Esophageal Stents Market By Product (Self-Expandable Metallic Stent, Self-Expanding Plastic Stent); End Users (Hospitals, Clinics, and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Esophageal Stents Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Esophageal Stents Market Segmentation
By Product- Self-Expandable Metallic Stent
- Self-Expanding Plastic Stent
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Strategic Insights
Esophageal Stents Market Growth Drivers- Increasing Incidence of Esophageal Cancer: The need for esophageal stents is mostly driven by the increasing incidence of esophageal cancer. Effective stenting treatments are increasingly needed to maintain esophageal patency as more patients suffer from malignant dysphagia, or trouble swallowing. According to the American Cancer Society, the lifetime risk of esophageal cancer in the United States is about 1 in 127 in men and about 1 in 434 in women.
- High Demand for Minimally Invasive Procedures: Minimally invasive surgical methods are becoming more and more popular for medical treatments. Patients and medical professionals find esophageal stenting intriguing since it is frequently used as a less intrusive alternative to typical surgical techniques.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Rising Number of Surgical Procedures :The market for esophageal stents is expanding as a result of the general rise in surgical procedures for gastrointestinal conditions, including those that impact the esophagus. The need for associated devices increases in proportion to the number of procedures performed.
- Technological Developments: The efficacy and safety of these devices are improved by ongoing advancements in stent design and materials, such as the creation of biodegradable stents and nitinol-based self-expandable metallic stents (SEMS). More medical facilities are incorporating esophageal stents into their treatment regimens as a result of these developments.
- Growing Awareness: The market is expanding as a result of growing patient and healthcare professional knowledge of the advantages of esophageal stenting in treating dysphagia and other esophageal disorders. Acceptance is also strengthened by educational programs and clinical research demonstrating the effectiveness of these devices.
- Regulatory Support: Manufacturers are encouraged to innovate and broaden their product offers by favorable regulatory conditions and approvals for innovative stenting technology. By ensuring that practical solutions are offered on the market, this assistance fosters growth.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Expansion into Emerging Markets: The market for esophageal stents is expanding as healthcare facilities in poorer nations get better. The demand for sophisticated medical equipment, such as stents, rises as a result of increased investment in healthcare facilities and rising disposable incomes.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Focus on Patient Quality of Life:By reducing symptoms related to esophageal blockages, esophageal stents can greatly enhance patients' quality of life. Healthcare professionals looking for efficient treatment alternatives are driving demand for these devices due to their emphasis on improving patient outcomes.Increased use and acceptance in clinical practice may result from this validation.
- Advancements in Stent Materials:New materials like nitinol alloys and biodegradable polymers have enhanced the functionality of esophageal stents. Because biodegradable stents progressively degrade while offering temporary support, they minimize long-term implantation difficulties and eliminate the need for repeated surgeries to remove non-biodegradable stents.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Esophageal Stents Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Esophageal Stents Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Hospitals segment held the largest share in 2023.
Expansion into emerging markets
North America held the largest share in 2023 and is expected to retain its dominance during the forecast period
Increasing Incidence of esophageal cancer
The Esophageal Stents Market is estimated to witness a CAGR of 5.1% from 2023 to 2031
In Europe, the UK held the second largest share in 2023.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Esophageal Stents Market - By Product
1.3.2 Esophageal Stents Market - By End Users
1.3.3 Esophageal Stents Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ESOPHAGEAL STENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ESOPHAGEAL STENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ESOPHAGEAL STENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. ESOPHAGEAL STENTS - GLOBAL MARKET OVERVIEW
6.2. ESOPHAGEAL STENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ESOPHAGEAL STENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SELF-EXPANDABLE METALLIC STENT
7.3.1. Overview
7.3.2. Self-Expandable Metallic Stent Market Forecast and Analysis
7.4. SELF-EXPANDING PLASTIC STENT
7.4.1. Overview
7.4.2. Self-Expanding Plastic Stent Market Forecast and Analysis
8. ESOPHAGEAL STENTS MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTERS
8.5.1. Overview
8.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
9. ESOPHAGEAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Esophageal Stents Market Overview
9.1.2 North America Esophageal Stents Market Forecasts and Analysis
9.1.3 North America Esophageal Stents Market Forecasts and Analysis - By Product
9.1.4 North America Esophageal Stents Market Forecasts and Analysis - By End Users
9.1.5 North America Esophageal Stents Market Forecasts and Analysis - By Countries
9.1.5.1 United States Esophageal Stents Market
9.1.5.1.1 United States Esophageal Stents Market by Product
9.1.5.1.2 United States Esophageal Stents Market by End Users
9.1.5.2 Canada Esophageal Stents Market
9.1.5.2.1 Canada Esophageal Stents Market by Product
9.1.5.2.2 Canada Esophageal Stents Market by End Users
9.1.5.3 Mexico Esophageal Stents Market
9.1.5.3.1 Mexico Esophageal Stents Market by Product
9.1.5.3.2 Mexico Esophageal Stents Market by End Users
9.2. EUROPE
9.2.1 Europe Esophageal Stents Market Overview
9.2.2 Europe Esophageal Stents Market Forecasts and Analysis
9.2.3 Europe Esophageal Stents Market Forecasts and Analysis - By Product
9.2.4 Europe Esophageal Stents Market Forecasts and Analysis - By End Users
9.2.5 Europe Esophageal Stents Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Esophageal Stents Market
9.2.5.1.1 Germany Esophageal Stents Market by Product
9.2.5.1.2 Germany Esophageal Stents Market by End Users
9.2.5.2 France Esophageal Stents Market
9.2.5.2.1 France Esophageal Stents Market by Product
9.2.5.2.2 France Esophageal Stents Market by End Users
9.2.5.3 Italy Esophageal Stents Market
9.2.5.3.1 Italy Esophageal Stents Market by Product
9.2.5.3.2 Italy Esophageal Stents Market by End Users
9.2.5.4 Spain Esophageal Stents Market
9.2.5.4.1 Spain Esophageal Stents Market by Product
9.2.5.4.2 Spain Esophageal Stents Market by End Users
9.2.5.5 United Kingdom Esophageal Stents Market
9.2.5.5.1 United Kingdom Esophageal Stents Market by Product
9.2.5.5.2 United Kingdom Esophageal Stents Market by End Users
9.2.5.6 Rest of Europe Esophageal Stents Market
9.2.5.6.1 Rest of Europe Esophageal Stents Market by Product
9.2.5.6.2 Rest of Europe Esophageal Stents Market by End Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Esophageal Stents Market Overview
9.3.2 Asia-Pacific Esophageal Stents Market Forecasts and Analysis
9.3.3 Asia-Pacific Esophageal Stents Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Esophageal Stents Market Forecasts and Analysis - By End Users
9.3.5 Asia-Pacific Esophageal Stents Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Esophageal Stents Market
9.3.5.1.1 Australia Esophageal Stents Market by Product
9.3.5.1.2 Australia Esophageal Stents Market by End Users
9.3.5.2 China Esophageal Stents Market
9.3.5.2.1 China Esophageal Stents Market by Product
9.3.5.2.2 China Esophageal Stents Market by End Users
9.3.5.3 India Esophageal Stents Market
9.3.5.3.1 India Esophageal Stents Market by Product
9.3.5.3.2 India Esophageal Stents Market by End Users
9.3.5.4 Japan Esophageal Stents Market
9.3.5.4.1 Japan Esophageal Stents Market by Product
9.3.5.4.2 Japan Esophageal Stents Market by End Users
9.3.5.5 South Korea Esophageal Stents Market
9.3.5.5.1 South Korea Esophageal Stents Market by Product
9.3.5.5.2 South Korea Esophageal Stents Market by End Users
9.3.5.6 Rest of Asia-Pacific Esophageal Stents Market
9.3.5.6.1 Rest of Asia-Pacific Esophageal Stents Market by Product
9.3.5.6.2 Rest of Asia-Pacific Esophageal Stents Market by End Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Esophageal Stents Market Overview
9.4.2 Middle East and Africa Esophageal Stents Market Forecasts and Analysis
9.4.3 Middle East and Africa Esophageal Stents Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Esophageal Stents Market Forecasts and Analysis - By End Users
9.4.5 Middle East and Africa Esophageal Stents Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Esophageal Stents Market
9.4.5.1.1 South Africa Esophageal Stents Market by Product
9.4.5.1.2 South Africa Esophageal Stents Market by End Users
9.4.5.2 Saudi Arabia Esophageal Stents Market
9.4.5.2.1 Saudi Arabia Esophageal Stents Market by Product
9.4.5.2.2 Saudi Arabia Esophageal Stents Market by End Users
9.4.5.3 Rest of Middle East and Africa Esophageal Stents Market
9.4.5.3.1 Rest of Middle East and Africa Esophageal Stents Market by Product
9.4.5.3.2 Rest of Middle East and Africa Esophageal Stents Market by End Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Esophageal Stents Market Overview
9.5.2 South and Central America Esophageal Stents Market Forecasts and Analysis
9.5.3 South and Central America Esophageal Stents Market Forecasts and Analysis - By Product
9.5.4 South and Central America Esophageal Stents Market Forecasts and Analysis - By End Users
9.5.5 South and Central America Esophageal Stents Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Esophageal Stents Market
9.5.5.1.1 Brazil Esophageal Stents Market by Product
9.5.5.1.2 Brazil Esophageal Stents Market by End Users
9.5.5.2 Argentina Esophageal Stents Market
9.5.5.2.1 Argentina Esophageal Stents Market by Product
9.5.5.2.2 Argentina Esophageal Stents Market by End Users
9.5.5.3 Rest of South and Central America Esophageal Stents Market
9.5.5.3.1 Rest of South and Central America Esophageal Stents Market by Product
9.5.5.3.2 Rest of South and Central America Esophageal Stents Market by End Users
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ESOPHAGEAL STENTS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ESOPHAGEAL STENTS MARKET, KEY COMPANY PROFILES
12.1. BOSTON SCIENTIFIC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. COOK MEDICAL
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ELLA - CS
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. MERIT MEDICAL SYSTEMS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. M.I. TECH
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. TAEWOONG MEDICAL
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. BVM MEDICAL
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ENDO-FLEX
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ENDOCHOICE
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. EDWARDS LIFESCIENCES
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Boston Scientific
2. Cook Medical
3. ELLA-CS, Ltd
4. Merit Medical Systems
5. M.I. TECH
6. Taewoong Medical
7. BVM Medical
8. ENDO-FLEX
9. EndoChoice
10. Edwards Lifesciences
11. Micro-Tech
12. CONMED
13. Cantel Medical
14. Olympus
15. C.R. Bard
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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