Top Companies in the Global Gastrointestinal Stents Market

Boston Scientific Corporation, Cook, CONMED Corporation, W. L. Gore & Associates, Inc., TAEWOONG, Hobbs Medical, Inc., BD, Merit Medical System, Olympus, MICRO-TECH (Nanjing) Co., Ltd., ENDO-FLEX GmbH, CITEC, QualiMed, and Medivators Inc. are the leading companies of the global gastrointestinal stents market.

The global gastrointestinal stents market was valued at USD 476.9 million in 2023. The market is anticipated to grow at a CAGR of 4.91% during the forecast period of 2024-2032 to achieve a value of USD 733.82 million by 2032. The growth can be attributed to the rising prevalence of gastrointestinal disorders across the globe.

Gastrointestinal stents generally known as GI stents are medical devices used for the treatment of obstructions in the GI tract resulting from tumors, strictures, or other health issues. These are generally composed of metals, plastics, or a combination of materials. It is designed in a way that it enlarges inside the lumen which acts as a support that keeps the passage open and eases the movement of materials in the digestive tract. They are inserted either through endoscopy or by surgery with the help of fluoroscopy to ensure precision. They are used to enhance the quality of life for patients.

The market is further influenced by several trends transforming the market landscape significantly. The focus of technological innovations in gastrointestinal stents is to enhance design, materials, and delivery systems. Bioabsorbable stents and drug-eluting stents, with a variety of designs, have the potential to improve patient outcomes and boost market expansion. Additionally, the rise in healthcare services availability and awareness of stent advantages are pushing the use of gastrointestinal stents in surgical procedures. Biodegradable stents are favored due to their ability to dissolve and their less invasive characteristics.

Let’s explore the profile of top companies leading the global gastrointestinal stents market in 2024.

1.    Boston Scientific Corporation

Boston Scientific Corporation is an international company that focuses on producing medical devices for different medical fields. They are well-known for creating the Taxus Stent, a drug-coated stent for curing blocked arteries.

2.    Cook

Cook Medical Inc., a division of Cook Group Inc., that focuses on creating and delivering medical instruments for minimally invasive surgeries in different medical fields. The main products of the company consist of catheters, grafts, stents, and needles.

3.    W. L. Gore & Associates, Inc.

W. L. Gore & Associates, Inc. is a United States-based multinational manufacturing company that focuses on products made from fluoropolymers. The GORE® VIABIL ® Short Wire Biliary Endoprosthesis is a self-expanding, fully covered metal stent with anti-migration technology that reduces the need for further intervention.

4.    TAEWOONG

Taewoong Medical is a top company in the medical industry that sells its products to numerous countries. In February 2023, Olympus Corporation a worldwide MedTech company dedicated to enhancing people's well-being made a deal to acquire Taewoong Medical Co., Ltd., further boosting its market reach and leading to the diversification of its product portfolio.

5.    BD
 

BD, a US-based multinational corporation, manufactures medical equipment, tools, and chemicals. The BD Urinary Diversion Stent, constructed from radiopaque silicone elastomer, is utilized to drain urine from the kidney to the external stoma following specific procedures.

6.    Olympus

Olympus Corp. is involved in producing and selling precision machinery and instruments. Olympus plans to concentrate on gastrointestinal illnesses and grow its healthcare business by incorporating Taewoong Medical's equipment, improving patient results and quality of care.

7.    ENDO-FLEX GmbH

ENDO-FLEX, which is now a part of the Medi-Globe Group, has been involved in the development, production, and distribution of disposable instruments and accessories for flexible endoscopy.

8.    Medivators Inc.

Medivators Inc. (now known as Cantel) offers medical device reprocessing, endoscopy products, and infection prevention solutions. They design, develop, manufacture, and sell critical medical devices for endoscopy and infection control, such as solutions for kidney dialysis, automated reprocessing equipment, water filters, and hollow fiber filters for blood filtration.

9.    CONMED Corporation

ConMed Corp is a company focused on medical technology that produces and markets surgical tools for minimally invasive surgeries in multiple medical areas like gastroenterology, orthopedics, gynecology, and sports medicine.

10.    Hobbs Medical, Inc.

Hobbs Medical manufactures high-quality equipment for gastrointestinal and pulmonary endoscopy. Their Biliary Stents provide effective drainage and help reduce the formation of calculi. Pigtail stents are constructed from a flexible biocompatible material and are compatible with MRIs. It also features ends of the same radius and six side ports for efficient drainage.

11.    Merit Medical System

Merit Medical Systems is a leading producer of disposable medical equipment for different medical fields such as cardiovascular, critical care, endoscopy, oncology, spine, and peripheral intervention, utilized in interventional, diagnostic, and therapeutic processes.

12.    MICRO-TECH (Nanjing) Co., Ltd.

Micro-Tech Nanjing Co Ltd focuses on producing minimally invasive medical instruments such as endoscopes and tools for tumor ablation. Their range of products includes endoscopy equipment for diagnosing and treating digestive and respiratory diseases in clinical settings.

13.    QualiMed

QualiMed specializes in producing implantable medical devices as an original equipment manufacturer, with a focus on coronary stents and their delivery systems. They are well-known worldwide for creating, innovating, manufacturing, and distributing a variety of implantable devices.