In the global Gastrointestinal Stents Market, esophageal stents, on the other hand, are the second-leading revenue contributor. In 2016, the sector accounted for 19.6% of the total market. Due to increased demand for novel goods that allow for simple and hassle-free treatments for both men and women, the industry is expected to rise significantly over the next few years.
Despite the stronghold of a few leading players, the Global Gastrointestinal Stents Market is competitive. Mergers and acquisitions to improve technical competence are what firms in this sector are competing for to stay ahead of the competition. To keep ahead of the game, players are also focusing on the development of differentiating products. The rising frequency of gastrointestinal illnesses and patients' choice for minimally invasive surgeries are two significant reasons driving the worldwide gastrointestinal stents market forward. According to the American Cancer Society, around 93,000 new instances of colon cancer and over 40,000 new cases of rectal cancer are diagnosed in the United States each year.
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