Global Esophageal Stents Market 2017-2021

Overview of the global esophageal stents market

Research analysis on the global esophageal stents market identifies that the increasing preference for minimally invasive (MI) procedures will be one of the major factors that will have a positive impact on the market’s growth during the estimated period. Diseases such as esophageal cancer are extensively treated by using MI techniques. Non-vascular esophageal stents are used to perform MI surgery as a remedy for stenosis. This procedure involves the usage of the imaging system to guide instruments inside the body of the patient without any surgery. The application of esophageal throat stents is gaining popularity due to the rising number of surgical procedures that are conducted to treat various vascular and non-vascular diseases. The demand for novel and innovative MI artery stenting or intervention is increasing because researchers are focusing on the development of high-quality materials. These materials offer better support, tracking, and flexibility of the stent during the procedure. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 3% by 2021.

The demand for esophageal stents is increasing in the Americas due to the prevalence of malignant and benign disorders. This encourages vendors in the US to develop and launch new products that in turn, will help them increase their market shares and expand their geographical reach. The growth of the esophagus stent procedure market growth will continue to increase in the region for the next four years due to the rising incidence of esophageal cancer in various countries such as Canada and Brazil.

Competitive landscape and key vendors

The esophageal stents market is characterized by the presence of international and local vendors across the globe and is intensely competitive. The global players in this market have a relatively high market share in comparison to the local and regional vendors. Some local players are focusing on offering advanced features and technologies in their products. Cardiac stent manufacturers are increasingly competing against each other based on factors such as aggressive pricing, safety features, convenient use, technology upgrade, marketing strategies, and distribution channels. Local players in the esophagus stent procedure market are finding it difficult to compete against the global players especially in terms of technological innovation, product extension, and increase in mergers and acquisitions.