LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global enteral stents market report. This research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
The global enteral stents market is expected to grow at a steady pace owing to the growing usage of enteral stents in various procedures (non-malignant complications). In addition, the major trends expected to contribute largely toward the market growth are the introduction of biodegradable enteral stent, growing demand for nitinol-coated SEMS, and enhancement in material, design, and technology.
Competitive vendor landscape
The global enteral stents market is a highly competitive and concentrated market with key players accounting for dominant shares. To remain competitive in the market, vendors are adopting various market strategies, which are helping them to increase their market share. They are focusing on investing a significant amount on technological platforms to extend their presence in the market. This helps in developing next-generation and novel technological products.
“Vendors adopt competitive pricing strategy to increase their shares in the market. As global players are increasing their footprint, local vendors are experiencing intense competition from them, especially with regard to quality, features, and capability of the enteral stents. In turn, global vendors are experiencing competition from local vendors regarding pricing. The competitive environment in this market is expected to intensify with increase in technological innovation, product extension, and increase in M&A,” says Barath Palada, a lead orthopedics and medical devices research analyst from Technavio.
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Top six enteral stents market vendors
Boston Scientific develops, manufactures, and markets a broad and diversified line of healthcare products and services such as stents, balloon catheters, wires, peripheral embolization devices, and vena cava filters for treating peripheral arterial disease. Further, it also offers the wide range of enteral stents such as esophageal stent, duodenal stent, colon stent, and biliary stent.
Cook Medical engages in development, manufacturing, and distribution of a broad range of guidewires. The company operates as a subsidiary of the Cook Group. Cook Medical manufactures 16,000 different products that serve 13 hospital lines. The company, through its vast network of distribution partners and supply chain customers, markets its products in more than 135 countries with its distribution centers in Baesweiler, Germany; Bloomington, US; and Shanghai, China, and R&D center in Limerick, Ireland.
ELLA-CS develops stents, extractor, cranial bone implants, and ophthalmic implants. Its production facilities are spread in more than 70 countries across the globe. The company is focused on producing a wide range of enteral stents such as esophageal, pyloroduodenal, and colorectal stents.
Merit Medical Systems
Merit Medical Systems designs, develops, manufactures, and markets medical products for interventional and diagnostic procedures. The company operates its business through two segments: cardiovascular and endoscopy. These two-business segments offer products under four core product groups that include peripheral intervention, cardiac intervention, interventional oncology and spine, and endoscopy. The company markets enteral stents under endoscopy segment.
M.I. Tech develops, manufactures, supplies, and exports non-vascular stents. It offers stents for esophagus, biliary, pylorus/duodenum, colon/rectum, and trachea/bronchium. It serves its customers in South Korea and internationally. The company offers a broad range of duodenal, colonic, and esophageal stents. Its popular esophageal stents include Choostent, Hanarostent Valve, and Hanarostent Benign.
Taewoong Medical develops various medical devices and provides its technical expertise and services. It offers a broad range of esophageal stents such as S esophageal stent, DOUBLE Esophageal Stent, and BETA Esophageal Stent, D Pyloric/duodenal Stent, S Pyloric/duodenal Stent, COMVI Pyloric/duodenal Stent, D Enteral Colonic Stent, S Enteral Colonic Stent, and COMVI Enteral Colonic Stent under Niti-S brand.
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