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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

LI_195391
Pages: 69
Jul 2019 | 985 Views
 
Author(s) : Kavita Joshi , Onkar Sumant
Tables: 22
Charts: 22
 

U.S. Colonic Stents Market Outlook:2026

The U.S. colonic stents market 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. A colonic stent is a hollow tube, which is made up of a flexible metal or an alloy. It helps to keep the lumen (segment) of the large bowel open, when it becomes blocked by a stricture or a tumor. A stent is the size of a pen when it is inserted, and it is designed to gently expand once it is released inside the colon. By this way, colonic stent will make a channel through the blockage and allow the bowel to function more easily and thus reduce pain. However, stents can be used when there is either a partial or a complete blockage in the bowel to reduce the pressure in the bowel and relieve the obstruction. Further, stents are also used when surgery is not recommended as an alternative to keep the bowel working. It is performed by specialist doctors including endoscopist or by an interventional radiologist in the X-ray department. 

US Colonic Stents Market

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The major factors that drive the U.S. colonic stent 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. In addition, surge in demand for minimally invasive procedures further propels the market growth of colonic stents in near future. 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 stents such as self-expandable metallic stents (SEMS) is used for the bridge to surgery and is 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 report covers the U.S. colonic stents market forecast and analysis based on three categories that include product type, indication, and end user. Based on product type, the market is categorized into nitinol self-expandable metal stents, and elgiloy self-expandable metal stents. On the basis of indication, it is categorized into colorectal cancer, colonic benign strictures, and others. By end user, the market is bifurcated into hospitals and specialty clinics.

 

US Colonic Stents Market by Product Type

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Product Type segment review

The U.S. colonic stents market analysis is segmented based on nitinol self-expandable metal stent and elgiloy self-expandable metal stents. Based on product type, the nitinol self-expandable metal stents occupied the largest share in 2018, and this trend is expected to continue throughout the forecast period. This is attributed to the fact that most of the key market players of colonic stents in the U.S. prefer nitinol over any other metal available. Moreover, nitinol is an alloy of nickel and titanium that yields amplified flexibility, which is helpful for stenting sharply angulated regions at the cost of lesser radial force relative to stents made with other metals. Nitinol is the most widely used alloy in the manufacturing of stents used against acute colonic obstruction. Key players in the U.S. are using this alloy for colonic stents. For instance, SX-ELLA stent colorectal, offered by Cook Medical is a metal stent made of nitinol and is being used as a bridge to surgery in the patients suffering from colorectal cancer.

US Colonic Stents Market by Indication

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Indication segment review

Depending on the indication segment, the U.S. colonic stents market is classified into colorectal cancer, benign colonic strictures, and others. The colorectal cancer segment accounted for the majority of the market share in 2018 and is anticipated to remain dominant during the forecast period. This is attributed to the increased use of metallic stents as a bridge to surgery in patients suffering from acute colonic obstruction. In addition, colorectal cancer is the third largest cause of mortality in the U.S. that further propels the market growth of colonic stents in the near future. 

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 more flexible and biocompatible stents. Major players operating in the market include Boston Scientific Corporation, Cook Medical Inc., Ella-CS, Taewoong, MI-TECH and Olympus Corporation.

Key Benefits for U.S. Colonic Stents Market :

  • This report entails a detailed quantitative analysis along with the current U.S. colonic stents market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
  • The study provides an in-depth analysis of the U.S. colonic stent market share with the current trends and future estimations to elucidate the imminent investment pockets.
  • The U.S. colonic stents market size and estimations are based on a comprehensive analysis of key developments in the industry. 
  • A qualitative analysis based on innovative products facilitates strategic business planning.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market

U.S. Colonic Stents Market Segments:

By Product Type

  • Self-Expandable Metal Stents
  • Nitinol Stent
  • Elgiloy

By Indication

  • Colorectal Cancer/Bridge to Surgery
  • Benign Colonic Strictures
  • Other Indications

By End User

  • Hospitals
  • Specialty Clinics


 

 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research Methodology

1.4.1.    Secondary research
1.4.2.    Primary research
1.4.3.    Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    Key findings of the study
2.2.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key findings

3.2.1.    Top investment pockets

3.3.    Porter’s five forces analysis
3.4.    Market share analysis, 2018
3.5.    Market dynamics

3.5.1.    Drivers

3.5.1.1.    High incidence of colorectal cancer in the U.S.
3.5.1.2.    Significant agreements and collaborations in the colonic stent industry

3.5.2.    Restraint

3.5.2.1.    Product recalls associated with colonic stents

3.5.3.    Opportunity

3.5.3.1.    Development of innovative smartphone applications

3.6.    Pricing Analysis, 2018-2026

CHAPTER 4:    U.S. COLONIC STENTS MARKET, BY PRODUCT TYPE

4.1.    Overview

4.1.1.    Self-Expandable Metal Stents (SEMSs)

4.1.1.1.    Market size and forecast
4.1.1.2.    Nitinol Stent

4.1.1.2.1.    Market size and forecast

4.1.1.3.    Elgiloy stent

4.1.1.3.1.    Market size and forecast

CHAPTER 5:    U.S. COLONIC STENTS MARKET, BY INDICATION

5.1.    Overview

5.1.1.    Market size and forecast

5.2.    Colorectal Cancer/Bridge to Surgery

5.2.1.    Market size and forecast

5.3.    Colonic benign strictures

5.3.1.    Market size and forecast

5.4.    Other Indications

5.4.1.    Market size and forecast

CHAPTER 6:    U.S. COLONIC STENTS MARKET, BY END USER

6.1.    Overview

6.1.1.    Market size and forecast

6.2.    Hospitals

6.2.1.    Market size and forecast

6.3.    Specialty Clinics

6.3.1.    Market size and forecast

CHAPTER 7:    COMPANY PROFILES

7.1.    BOSTON SCIENTIFIC CORPORATION

7.1.1.    Company overview
7.1.2.    Company snapshot
7.1.3.    Operating business segments
7.1.4.    Product Portfolio
7.1.5.    Business performance

7.2.    COOK MEDICAL INC.

7.2.1.    Company overview
7.2.2.    Company snapshot
7.2.3.    Operating business segments
7.2.4.    Product portfolio

7.3.    ELLA - CS, s.r.o. (ELLA-CS)

7.3.1.    Company overview
7.3.2.    Company snapshot
7.3.3.    Operating business segments
7.3.4.    Product portfolio

7.4.    TAEWOONG

7.4.1.    Company overview
7.4.2.    Company snapshot
7.4.3.    Operating business segments
7.4.4.    Product portfolio

7.5.    M.I. TECH

7.5.1.    Company overview
7.5.2.    Company snapshot
7.5.3.    Operating business segments
7.5.4.    Product portfolio
7.5.5.    Key strategic moves and developments

7.6.    Olympus Corporation

7.6.1.    Company overview
7.6.2.    Company snapshot
7.6.3.    Operating business segments
7.6.4.    Product portfolio
7.6.5.    Business performance

LIST OF TABLES

TABLE 01.    U.S. COLONIC STENTS MARKET FOR SELF-EXPANDABLE METAL STENTS (SEMS), BY TYPE, 2018-2026 ($MILLION)
TABLE 02.    U.S. COLONIC STENTS MARKET, BY INDICATION 2018-2026 ($MILLION)
TABLE 03.    U.S. COLONIC STENTS FOR COLORECTAL CANCER, 2018-2026 ($MILLION)
TABLE 04.    U.S. COLONIC STENTS MARKET, BY END USER 2018-2026($MILLION)
TABLE 05.    BOSTON SCIENTIFIC: COMPANY SNAPSHOT
TABLE 06.    BOSTON SCIENTIFIC: OPERATING SEGMENTS
TABLE 07.    BOSTON SCIENTIFIC: PRODUCT PORTFOLIO
TABLE 08.    COOK MEDICAL: COMPANY SNAPSHOT
TABLE 09.    COOK MEDICAL: OPERATING SEGMENTS
TABLE 10.    COOK MEDICAL: PRODUCT PORTFOLIO
TABLE 11.    ELLA-CS: COMPANY SNAPSHOT
TABLE 12.    ELLA-CS: OPERATING SEGMENTS
TABLE 13.    ELLA-CS: PRODUCT TYPE PORTFOLIO
TABLE 14.    TAEWOONG: COMPANY SNAPSHOT
TABLE 15.    ELLA-CS: OPERATING SEGMENTS
TABLE 16.    TAEWOONG: PRODUCT TYPE PORTFOLIO
TABLE 17.    M.I. TECH: COMPANY SNAPSHOT
TABLE 18.    M.I. TECH: OPERATING SEGMENTS
TABLE 19.    M.I. TECH: PRODUCT PORTFOLIO
TABLE 20.    OLYMPUS: COMPANY SNAPSHOT
TABLE 21.    OLYMPUS: OPERATING SEGMENTS
TABLE 22.    OLYMPUS: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    U.S. COLONICS STENTS MARKET SEGMENTATION
FIGURE 02.    TOP INVESTMENT POCKETS
FIGURE 03.    LOW BARGAINING POWER OF BUYERS
FIGURE 04.    MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.    LOW THREAT OF NEW ENTRANTS
FIGURE 06.    MODERATE THREAT OF SUBSTITUTION
FIGURE 07.    HIGH COMPETITIVE RIVALRY
FIGURE 08.    MARKET SHARE ANALYSIS, 2018
FIGURE 09.    MARKET DRIVERS, RESTRAINT, AND OPPORTUNITY
FIGURE 10.    PRICING ANALYSIS OF ENTERAL FEEDING PUMPS, BY REGION, 2018
FIGURE 11.    U.S. COLONIC STENTS FOR NITINOL STENT, 2018-2026 ($MILLION)
FIGURE 12.    U.S. COLONIC STENTS MARKET FOR ELGILOY STENT, 2018-2026 ($MILLION)
FIGURE 13.    U.S. COLONIC STENTS FOR COLONIC BENIGN STRICTURES, 2018-2026 ($MILLION)
FIGURE 14.    U.S. COLONIC STENTS FOR OTHER INDICATIONS, 2018-2026 ($MILLION)
FIGURE 15.    U.S. COLONIC STENTS FOR HOSPITALS, 2018-2026 ($MILLION)
FIGURE 16.    U.S. COLONIC STENTS FOR SPECIALTY CLINICS, 2018-2026 ($MILLION)
FIGURE 17.    BOSTON SCIENTIFIC: NET SALES, 2016–2018 ($MILLION)
FIGURE 18.    BOSTON SCIENTIFIC: NET SALES, BY SEGMENT, 2018 (%)
FIGURE 19.    BOSTON SCIENTIFIC: NET SALES, BY REGION, 2018 (%)
FIGURE 20.    OLYMPUS: NET SALES, 2016–2018 ($MILLION)
FIGURE 21.    OLYMPUS: NET SALES, BY SEGMENT, 2018 (%)
FIGURE 22.    OLYMPUS: NET SALES, BY REGION, 2018 (%)

 
 

Self-Expandable metallic colonic stent is the most popular and preferred form of stents for the treatment of colonic diseases. Metallic colonic stents are self-expandable (SEMS) and can expand to full diameter once placed in the body. The diameter at full SEMS expansion is 6–10 mm, the duration of patency is much longer, approximately 10 months contributing to the market growth of metallic colonic stents. The two most widely used alloy for colonic stents are nitinol and elgiloy. Among these two alloys, nitinol is the most preferred by the leading players in U.S. including Cook Medical, Taewoong and others.

Significant rise in the incidence of colonic cancers and other colonic diseases across the U.S. is expected to propel the growth of the colonic stents market. In addition, technological advancements associated with colonic stents and surge in demand for minimally invasive procedures further boost the market growth. Further, the rise in preferences toward minimally invasive surgical procedures has been one of the most revolutionary developments in the modern medicine. Minimally invasive procedures are now widely practiced as a preferred treatment option for variety of disease conditions. However, high cost associated with colonic stents is expected to hamper the market growth in the near future.

 

 

 

 

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