The report is titled as ‘Colonic Stents Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the colonic stents market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Colonic stents market is expected to grow with a significant rate in the near future.
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Colonic Stents Introduction
Conventionally, the colonic stents have been serving their utility for the treatment of colorectal cancer, either as reassuring medical care or as a link to surgery. Although over the recent years, colonic stents are also promoting their utility as a part of the therapy of benign strictures.
Basically, a colonic stent can be described as a hollow barrel-shaped hose formed of an alloy or a metal that helps to keep the big bowel lumen unclosed. The colonic stent is firmly positioned onto a tiny delivery wire in order to locate it across the tight narrowing that has resulted in blockage. The colonic stent is positioned at the accurate spot and once it is opened, it lets out the blockage by keeping the colon open.
However, the colonic stent takes upto 24 hours to be wholly opened. The colonic stents serve its utility in terms of partial or full blockage in the bowel. Thus, colonic stents continue to witness balanced growth in the healthcare industry worldwide. Therefore, the global colonic stents market is projected to swift growth in the coming years.
Colonic Stents Market Dynamics
A considerable rise in the incidences of colorectal cancer or colon cancer among the population across the globe is majorly propelling the growth of the global colonic stents market. For instance, according to cancer.org, it is projected that there will be 95,520 new cases of colon cancer and 39,910 cases of rectal cancer diagnosed in the US, in 2017, which further contributes to the stimulating demand of colonic stents in the healthcare industry.
In addition to that, the technological enhancements in the colonic stents such as usage of self-expanding alloys in the assembling of colonic stents has been increasing, in recent years, is another factor that is also projected to positively fuel the growth of the global colonic stents market in the given timeframe.
Despite numerous benefits of invasive colorectal cancer screening such as low cost, reliability, as well as enhanced accuracy, the colonic stents have certain risks of infections associated with it which have the possibility to restrict the growth of the global colonic stents market in the forthcoming years.
Moreover, the heavy cost and complications associated with colonic stents are further estimated to hold back the growth of the global colonic stents market in the near future. The placement of colonic stents may have a range of complications including temporary incontinence, mild to moderate rectal bleeding, transient anorectal pain, and many others.
Furthermore, the self-expandable colonic stents may have issues with migration and re-obstruction of the stent. Such compilations are expected to confine the growth of the global colonic stents market in the coming years.
Nevertheless, the colonic stents also serve their utility when there is halfway or complete blockage in the bowel in order to cut off the pressure in the bowel and alleviate the hindrance, thereby elevating the growth of the global colonic stents market.
Apart from that, the colonic stents are also employed as an alternative to keep the bowel functioning. Such factors are expected to further accelerate the growth of the global colonic stents market in the upcoming years.
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Colonic Stents Market Segmentation
The global colonic stents market is segmented on the basis of type into Self-expandable Metal Stents (SEMS), Nitinol Stents, and Elgiloy. Further, the global colonic stents market is divided on the basis of indication into Colorectal Cancer/Bridge to Surgery, Benign Colonic Strictures, and Other Indications. Then, the market is segmented on the basis of end-use into Hospitals and Specialty Clinics. At last, the global colonic stents market is segmented on the basis of region into North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe.
Colonic Stents Market Key Players
Some of the key participating players of the global colonic stents market are Boston Scientific Corporation, Cook Medical Inc., Ella-CS, Taewoong, MI-TECH, and Olympus Corporation, among others.
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