Colonic Stents Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence 1
Colonic Stents Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Colonic Stents Market is expected to grow at a CAGR of 5% during the forecast period 2022-2029.

Market Overview:

Colonic Stents Market is expected to grow at a CAGR of 5% during the forecast period 2022-2029. As per Priority Exploration, the worldwide red biotechnology market size is anticipated to hit around US$ 510 billion by 2027 from an estimated at US$ 322 billion out of 2022. The North America region has the highest market share in the Red Biotechnology Market, and it is further continuing its dominance during the forecast period.

Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also the report contains a number of major companies profiled in the relevant market.

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Market Drivers:

The rising rates of colorectal disease are pushing the market’s development.

Rising rates of colorectal disease drive the worldwide colonic stents market development. As per the World Disease Exploration Asset Global, Colorectal malignant growth is the third most normal disease in men and the second most normal disease in ladies around the world. There were more than 1.9 million new instances of colorectal disease in 2020. As per the Worldwide Disease Observatory, in 2020, around 935,173 individuals passed on from colorectal malignant growth, of which 515,637 were guys, and 419 536 were females. In general, as most kinds of malignant growth, the gamble of CRC increments with age. For each ensuing 5-year age bunch, the occurrence rate duplicates until age 50. Hence, the developing geriatric populace is energizing the worldwide market development; for example, as per the WHO, the portion of the populace matured 60 years was 1 billion out of 2020 and is assessed to be 2.1 billion by 2050. There are different benefits of intrusive colorectal malignant growth screening, like unwavering quality, minimal expense, and better precision.

Likewise, the rising mechanical headways in colonic stents are additionally supporting the worldwide development of the colonic stent market. The utilization of self-extending combinations for assembling stents is one pattern on the lookout, prompting market development during the estimate time frame (2022-2029).

Market Segmentation:

By Type

Nitinol

Elgiloy

Stainless Steel

By Indications

Colorectal Cancer

Benign Colonic Strictures

Others

By End User

Hospitals

Specialty clinics

Others

Major Companies Covered:

Boston Scientific Corporation, Cook Medical Inc., Ella-CS Ltd., TaeWoong Medical, MI-TECH, and Olympus Corporation. 

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