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Gastrointestinal Stents Market : Rise in Trend of Home Health Care is Anticipated to Drive the Growth

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Growth of the global gastrointestinal stents market is expected to be fuelled by increasing product launches with novel technology by key players in the market. For instance, in 2013, Cook Medical Inc. received U.S. Food and Drug Administration (FDA
Gastrointestinal Stents Market
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2018-2026
REPORT DESCRIPTION
Gastrointestinal Stents Market – Overview
Market players are focusing on inorganic strategies such as mergers, acquisitions, or collaborations to
increase their foothold in the market. For instance, in May 2018, Olympus— a company that designs and
delivers innovative solutions for medical and surgical procedures—entered into an agreement with M.I.
Tech, a company that designs stents and other devices. Under this agreement, HANAROSTENT, biliary
and esophagus stents rolled in the EndoTherapy product portfolio of the company. The displacement of the
stents is a major issue faced after the stent is been placed. Targeting these issues, in 2017, W. L. Gore &
Associates, the manufacturer of Gore Viabil short wire biliary endoprosthesis stent, launched antimigration assurance program, under which device will be replaced within a period of one year if it
migrates. Furthermore, in 2016, Boston Scientific launched AXIOS stent and Electrocautery Enhanced
delivery system, endoscopic system used for minimally invasive treatment of pancreatitis, obtained as a
part of acquisition of Xlumena. In 2015, Cardinal Health announced acquisition of Cordis, business of
Johnson & Johnson, for US$ 1.944 Bn.
REPORT DESCRIPTION
Gastrointestinal Stents Market Dynamics:
Growth of the global gastrointestinal stents market is expected to be fuelled by increasing product launches
with novel technology by key players in the market. For instance, in 2013, Cook Medical Inc. received
U.S. Food and Drug Administration (FDA) for biliary stent, adding to the line of controlled-release
gastrointestinal tract. Moreover, Evolution biliary stent incorporates patency design, to prevent migration
of stent after its insertion. Furthermore, in 2012, Boston Scientific Corporation launched WallFlex, biliary
Transhepatic Stent System for the treatment of benign biliary strictures. Companies are focusing on
manufacturing stents with biodegradable material to eliminate stent removal procedures. However,
implantable products are subjected to stringent regulations, and this is expected to hinder growth of the
gastrointestinal stent market. Moreover, complication associated with gastrointestinal stent implantation is
also expected to be major factor leading to low adoption of these device.
Increasing demand for minimally invasive procedures is expected to be a major factor driving growth of
gastrointestinal stents market size. Gastrointestinal stenting is considered as minimally invasive therapy
and is increasingly gaining popularity, owing to its advantages such as low risk of infection, less recovery
time as compared to conventional open surgery procedures, and reduced hospital stay.
Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1756
REPORT DESCRIPTION
Gastrointestinal Stents Market – Key Players
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Boston Scientific Corporation
Medtronic plc
Olympus Medical System
Cook Medical
Ella-CS
Endo-Flex
Diagmed Healthcare
Micro-Tech
W. L. Gore & Associates
Taewoong Medical Co., Ltd.
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Author
sujit Pawar
sujit Pawar76   documents Email
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