Allied Market Research
Loading...
Cart
0

U.S. Colonic Stents Market Expected to Reach $9.41 Million by 2026

 

quote Self-expandable metal stents are majorly used for the treatment of acute colonic obstruction caused due to malignant colorectal cancer. Moreover, significant increase in the prevalence of colorectal cancer in the U.S. is anticipated to boost the market growth. quote

According to Onkar Sumant
Manager, Healthcare at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, U.S. Colonic Stents Market by Product Type, Indication, and End User:  Opportunity Analysis and Industry Forecast, 2018-2026," The U.S. colonic stents market size was valued at $6.44 million in 2018, and is projected to reach $9.41 million by 2026, registering a CAGR of 4.8% from 2019 to 2026. By indication, the colorectal cancer segment accounted for a major share in 2018 and is expected to experience highest growth during the forecast period due to the increase in adoption of metallic stents for the treatment of colonic obstruction. 

Colonic stent is widely use for the treatment of the colorectal cancer. It helps to keep the segment of the large bowel open, when it becomes blocked by a stricture or a tumor. Stents can be used when there is either a partial or complete blockage in the bowel to reduce the pressure in the bowel and relieve the obstruction. The major factors which drive the growth of this market include high prevalence of colorectal cancer in the U.S., and surge in demand for minimally invasive procedures However, high costs associated with colonic stents are anticipated to restrain the market growth during the forecast period.

The major factors that drive the market growth include significant rise in incidences of colorectal cancer in the U.S., and technological advancements associated with colonic stents such as usage of self-expanding alloys in the manufacturing of stents. However, complications and high costs associated with colonic stents is anticipated to hamper the growth of the colonic stents market in the U.S. Moreover, colonic stenting improves the primary anastomosis rate with a low stoma creation in comparison with emergency surgery. Improved colonic stent such as self-expandable metallic stents (SEMS) is used for the bridge to surgery and it also able to cure patients with the palliative intent with advanced neoplastic disease, to avoid stoma and health care costs related to stoma. This provides a lucrative opportunity for the growth of the U.S. colonic stents market.

The colonic stents market is segmented based on product type, indication, and end user. Based on product type, the self-expandable metal stents segment held the largest share in 2018, due to high usage of self-expandable metal stents for acute malignant large bowel obstruction and for palliative patients.

By indication, the market is segmented into colorectal cancer/bridge to surgery, benign colonic strictures, and other indications. Among these, the colorectal cancer segment garnered the largest share in 2018 as colorectal cancer is the third most common cancer diagnosed in both men and women in the U.S. and is expected to lead the market during the analysis period. 

By end user, the market is divided into hospitals and specialty clinics. Amongst these, hospital segment gathered the major U.S. colonic stents market share in 2018, due to easy availability of these equipment and all other facilities required for the stenting procedure are in the hospitals.

Key Findings of the U.S. Colonic Stents Market:

  • Based on type, the nitinol colonic stent held the majority of market share in 2018 and is anticipated to continue its dominance during the forecast period.
  • The colorectal cancer segment based on indication accounted for the largest market share in 2018 and is also estimated to grow at the highest CAGR of 4.6%. 
  • By end user, hospital segment held the highest market share and expected to lead the market during the analysis period.

The U.S. colonic stents market is highly competitive and the prominent players in the market have adopted various strategies for garnering maximum market share. These include expansion of their geographical presence through collaborations and focus on R&D activities for the development of metal stents. Major players operating in the market include Boston Scientific Corporation, Cook Medical Inc., Ella-CS, Taewoong, MI-TECH and Olympus Corporation.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote U.S. Colonic Stents Market by Product Type (Nitinol Self Expandable Metal Stents (SEMS) and Elgiloy (Self Expandable Metal Stents (SEMS)), Indication (Cancer, Gastrointestinal Diseases, Immunoproliferative Disorders and Others), and End User (Hospitals and Specialty Clinics): Opportunity Analysis and Industry Forecast, 2018–2026 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"U.S. Colonic Stents Market"
Purchase Enquiry