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.

Key vendors in this market are -

• Boston Scientific
• Cook Medical
• ELLA – CS
• Merit Medical Systems
• M.I. TECH
• Taewoong Medical

Other prominent vendors in the market include BVM Medical, ENDO-FLEX, and EndoChoice.

Segmentation by product and analysis of the esophageal stents market

• SEMS
• SEPS

The introduction of advanced next-generation fully covered metallic stents is increasing the popularity of stenting procedures using self-expandable metal stent (SEMS). The demand for SEMS will continue to grow in the forthcoming years due to the rising prevalence of esophageal cancer such as esophageal adenocarcinoma and esophageal squamous cell carcinoma, esophageal stricture, tracheoesophageal fistula, and achalasia. The application of SEMS includes many benefits such as increased patency to prevent tissue ingrowth after the stenting procedure. This encourages a large number of vendors to manufacture SEMS over self-expandable plastic stent (SEPS).

Segmentation by end-user and analysis of the esophageal stents market

• Hospitals
• ASCs

The hospitals segment includes multi specialty hospitals, hospital groups, medium- and small-sized hospitals, which perform esophageal stenting. Large hospitals invest heavily in expensive and branded esophageal stents because they have more budget in comparison to the medium- and small-sized hospitals. The majority of the patient pool prefers hospitals over other healthcare centers because they perform enteral surgeries such as colonic stenting, biliary stenting, esophageal stenting, pancreatic stenting, and duodenal stenting procedures.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global esophageal stents market?
• What are the key market trends impacting the growth of the global esophageal stents market?
• What are the challenges to market growth?
• Who are the key vendors in the global esophageal stents market?
• What are the market opportunities and threats faced by the vendors in the global esophageal stents market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global esophageal stents market?

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