The global demand for Esophageal Stents Market is presumed to reach the market size of nearly USD 121.34 MN by 2028 from USD 83.41 MN in 2021 with a CAGR of 5.5% under the study period 2022 - 2028.
The esophagus is a tube-like structure that transports food and drinks from the mouth to the stomach. An esophageal stent is a small metal or plastic device used to open a narrowed or blocked section of the esophagus. There are two types of esophageal stents: self-expanding and balloon-expandable. Esophageal stents are typically placed during a procedure called endoscopy, which is performed under sedation. It is a thin, flexible tube with a light and camera at the tip (an endoscope) that is passed through the mouth and into the esophagus. The stent is then placed at the site of the blockage or narrowing and deployed.
Market Dynamics
The increasing prevalence of esophageal disorders is driving demand for esophageal stents. Moreover, the growing awareness of the benefits of minimally invasive procedures contributes to the market for esophageal stents. Another factor driving the market is the growing availability of new and improved stent designs. In addition, the increasing focus on cost-effective healthcare is also driving the demand for esophageal stents. However, the high costs and stringent approval process may impede market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of esophageal stents. The growth and trends of esophageal stents industry provide a holistic approach to this study.
Market Segmentation
This section of the esophageal stents market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Self-Expandable Metallic Stent (SEMS)
- Self-Expanding Plastic Stent (SEPS)
By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Esophageal Stents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Esophageal Stents Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the esophageal stents market include Boston Scientific Corporation, ELLA - CS, s.r.o., Cook Group Incorporated, Merit Medical Systems Inc., M.I.TECH, BVM Medical Limited, ENDO-FLEX GmbH, Taewoong Medical Co. Ltd., AndraTec GmbH, C. R. Bard Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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