Market Overview
- The Global Colonic Stents Market is expected to grow at a CAGR of just under 5% during the forecast period (2020-2027).
- The colonic stent is a hollow tube, made up of an alloy or a flexible metal that keeps the lumen of the large bowel open when it is blocked by a stricture. The colonic stent will create a channel through the blockage and allow the bowel to function more easily and thus reduce pain.
Download free sample: https://www.datamintelligence.com/download-sample/colonic-stents-market
Market Dynamics
- The global colonic stents market growth is driven by rising incidences of colorectal cancer. According to the American Cancer Society, it is estimated that there are about 101,420 new cases of colon cancer and 44,180 new cases of rectal cancer in the United States for 2019. Overall, the lifetime risk of developing colorectal cancer is about 1 in 22 (4.49%) for men and 1 in 24 (4.15%) for women. This risk is slightly lower in women than in men.
- Although there are various advantages of invasive colorectal cancer screening such as reliability, low cost, and better accuracy, there is a certain risk of infection coupled with greater recovery time associated with these invasive devices. Hence, there is a shift from invasive monitoring devices to non-invasive monitoring devices for the colorectal cancer screening tests market.
- Also, the increasing technological advancements in colonic stents are boosting the growth of the colonic stent market globally. The use of self-expanding alloys for the manufacturing of stents is one of the trends in the market, which leads to the growth of the market during the forecast period (2020-2027).
- However, the high cost and complications associated with colonic stents are expected to hamper the growth of the colonic stents market during the forecast period. Some of the complications associated with colon stent placement include mild to moderate rectal bleeding, temporary incontinence, transient anorectal pain, and others. The complications associated with self-expandable metallic stents (SEMS) include re-obstruction and migration of the stent. Such complications are expected to hinder the market growth during the forecast period.
Market Segmentation Analysis
- Based on the product, the colonic stents market is segmented into self-expandable metal stents (SEMS) such as nitinol stents, and legally. Among these, the nitinol stent accounted for the largest market share in 2018, due to its high preference because of its better flexibility. Nitinol is one of the most widely used alloys in stents manufacturing which is used against the acute colonic obstruction. Nitinol is a mixture of nickel and titanium metals which improves its flexibility and can be used for stenting sharply angulated regions with lesser radial force as compared to stents made of other metals. On the other hand, the legal stent segment is expected to grow at the fastest CAGR during the forecast period (2020-2027), due to its capability of generating high radial forces and corrosion-resistant nature.
- Based on indication, the market is segmented into colorectal cancer, benign colonic strictures, and others. Among these, the colorectal cancer segment occupies the dominant market share in 2018 and is estimated to dominate during the forecast period (2020-2027), owing to the rising use of metallic stents as a channel to surgery in patients suffering from acute colonic obstruction. Colorectal cancer is the third most common cancer in the U.S. and one of the major causes of cancer-related death, especially in western regions. About 55% of colorectal cancer cases occur in countries characterized by high or very high indices of development and income. About 95% of colorectal cancers are adenocarcinomas. Other types of cancers in which minor incidence rates include mucinous carcinomas and adenosquamous carcinomas. The 5-year colorectal cancer prevalence pool is estimated to reach 5.42 million by 2025 from 4.41 million in 2017. The overall cure rate of colorectal cancer has not improved dramatically in the last decade, 5-year survival remaining at is approximately 60% in developing countries.
Market Geographical Analysis
- North America is dominating the global colonic stents market accounting for the largest market share in 2018, owing to rising incidences of colorectal cancer and benign strictures in the US. In the United States, colorectal cancer is the third most common cancer diagnosed in both men and women each year, excluding skin cancer. According to cancer.net data, in 2018, an estimated 145,600 adults in the United States were diagnosed with colorectal cancer. It includes 101,420 new cases of colon cancer (51,690 men and 49,730 women) and 44,180 new cases of rectal cancer (26,810 men and 17,370 women). Hence, with rising cases of cancer, the demand for diagnosis and treatment is rising, which leads to the growth of the market in this region. Also, the rising demand for minimally invasive procedures and technological advancements to develop more compatible metallic stents are boosting the market growth of colonic stents during the forecast period (2020-2027).
Market Competitive Trends
- The Colonic Stents market is dominated by few major players with including Boston Scientific Corporation, Cook Medical Inc., Ella-CS Ltd., TaeWoong Medical, MI-TECH, and Olympus Corporation. The key players are adopting various growth strategies such as product launches, mergers & acquisitions, partnerships, and collaborations which are contributing to the growth of the Colonic Stents market globally. For instance,
- In May 2019, Olympus launched two additional HANAROSTENT self-expanding metal stents (SEMS) at Digestive Disease Week (DDW) 2019. These new additions to the Olympus EndoTherapy portfolio for advanced procedures include the 510(k) cleared HANAROSTENT LowAx Colonic and Duodenal Uncovered Stents made by M.I. Tech and now distributed exclusively through Olympus in the U.S.
- In June 2018, Cook Medical has partnered with Taewoong Medical to distribute a selection of stents into the U.S. The new partnership includes the Niti-S™ Through the Scope (TTS) Esophageal Stent, the flagship product of the South Korean company’s Niti-S Self-Expandable line of metal GI stents.
View full report: https://www.datamintelligence.com/research-report/colonic-stents-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/colonic-stents-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866
Website: www.datamintelligence.com
The global Air Conditioning Systems Market size is anticipated to reach USD 195.65 billion by 2025.
It is also expected to register a 9.9% CAGR during the forecasted period, 2019 to 2025.
The rising need for good quality of air for breathing and ventilation is driving the market demand for such systems.
Key Players:Carrier CorporationElectroluxHaier Inc.ALFA LAVAL Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/global-air-conditioning-systems-market/request-sample Market Synopsis of Air Conditioning Systems Market: The technology segment of the inverter held the largest share across the global market in 2018 due to the rapidly increasing demand for energy-efficient systems and the ability of new systems to replace conventional ones.
North America accounted for a share of 15% across the global market in 2018 due to the increasing adoption of such systems for air ventilation at homes and commercial buildings.
While the Asia Pacific region held the largest share of more than 50% owing to surging usage of such systems across countries like India and China.
Frank n Raf report studies The Global Swimwear Industry 2015 Market Research Report is a professional and in-depth study on the current state of the Swimwear industry.The global market for Swimwear Industry 2015 ofinformation about the overview of the industry including definitions, classifications, applications and industry chain structure.The profiles product of Swimwear market analysis is provided for the international markets includingDevelopment trends,Competitive landscape analysis,And key regions development status.This report also statesImport/export consumption,Supply and demand Figures,Cost,Price,Revenue andgross margins.Also the report focuses on global major leading industry players providing information such asCompany profiles,Product picture,Specification,Capacity,Production,Price,Cost,Revenue and Contact informationKey RegionsAmericasEuropeAPACMEAAbout Frank n Raf Market Research:Company Name:Frank n Raf Market ResearchEmail: [email protected]: +1 347–321–6773
The global viral vectors manufacturing market is expected to grow at a productive rate during the forecast period, owing to a surge in the global incidence of cancer and an increase in the geriatric population susceptible to disease.
Global Viral Vector Manufacturing Market is segmented based on Type, Application, End Users and Geography.
We have included all the segment of this market in our market research report.
In the modern world where it’s necessary to adapt to rapid changes, many companies decide to outsource key business processes.
In 2018, the global market for outsourcing was estimated at $85.6 billion with the perspective of stable future growth.There are a lot of reasons why businesses choose to outsource mobile app development instead of building their own development teams: Cost efficiency - This is the first and foremost reason why companies outsource app development today.
Hiring a programmer to make an app is always cheaper than creating your own app development team.
Better business focus - Working with mobile app development agencies, you automatically delegate a lot of work that would have otherwise required your personal management and control.
Top experts in the field - In cases when you outsource mobile app development, you won’t have any problems with finding and hiring experts in a specific field.
Mobile app development outsourcing doesn’t limit you to a specific location or time zone.
The growing demand for advanced technologies that can streamline the development process and can also help in increasing the profit margin by reducing the operational cost is further propelling the growth of the 3D printing market.
Increasing investments in research and development for the technological advancements and product launches are increasing the 3D printing market size is increasing by the increasing investments in research and development for the technological advancements by the key players and new product launches with innovative features.
According to market research conducted by Knowledge Sourcing Intelligence, 3D printing has been segmented by components, technology, and geography.
3D printing techniques are used in the healthcare sector as it helps in combining cells work a growth factor, and biomaterials by fabricating biomedical parts to enhance the characteristics of natural tissue to the maximum extent.
Geographically, the global market has been broken down into North America, South America, Europe, Middle East, and Africa, and Asia Pacific regions.
Asia Pacific region is expected to grow at a rapid pace in the coming years.
