Gastrointestinal Devices Global Market Report 2023 - By Product Type (GI Videoscopes, Biopsy Devices, Endoscopic Retrograde Cholangiopancreatography Devices (ERCP), Capsule Endoscopy, Endoscopic Ultrasound, Endoscopic Mucosal Resection (EMR), Hemostasis D

With a compound annual growth rate (CAGR) of 5.5%, the global market for gastrointestinal devices increased from $10.05 billion in 2022 to $10.61 billion in 2023. At least temporarily, the Russia-Ukraine conflict hampered the possibilities of a COVID-19 pandemic-related global economic rebound. Economic sanctions on a number of nations, an increase in commodity prices, and disruptions in the supply chain as a result of the conflict between these two nations have caused inflation in the prices of products and services and had an impact on numerous markets throughout the world. At a CAGR of 6.6%, the market for gastrointestinal gadgets is anticipated to increase from $13.7 billion in 2027. Medical disorders relating to the gastrointestinal tract or the digestive system are diagnosed and treated using gastrointestinal devices.

Gastrointestinal Devices market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

The most common gastrointestinal device product categories are GI videoscopes, biopsy tools, ERCP, capsule endoscopy, endoscopic ultrasound, endoscopic mucosal resection (EMR), hemostasis tools, and others. The term "endoscopic retrograde cholangiopancreatography," or "ERCP," describes a procedure for identifying and treating issues with the pancreas, liver, gallbladder, and bile ducts. The different sales channels include brand outlets, medical stores, and online commerce. These are utilised in clinics, ambulatory surgical centres, dialysis facilities, and hospitals.

Scope of the Report
The inside lining of the gastrointestinal tract is examined using gastrointestinal devices in accordance with the report's scope. They also assist in the diagnosis and management of illnesses of the gastrointestinal tract and the digestive system. The market for gastrointestinal gadgets is divided into three categories: Product Type (Gi Videoscopes, Biopsy Devices, Endoscopic Retrograde Cholangiopancreatography Devices (ERCP), Capsule Endoscopy, Endoscopic Ultrasound, and Other Product Type), End Users (Hospitals, Clinics & Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market research also includes projected market numbers and trends for 17 nations in the world's key geographic areas. For the aforementioned segments, the report provides the value (in USD million).

Competitive Landscape
Due to the existence of numerous businesses operating both internationally and regionally, the market for gastrointestinal gadgets is fragmented. A few well-known, internationally operating, and domestic enterprises that control significant market shares are examined in the competitive landscape. These companies include Cook Group Inc., Stryker, Medtronic, Olympus, Boston Scientific Corporation, CONMED Corporation, and KARL STORZ SE & Co. KG.

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Global Gastrointestinal Devices Market: Segmentations

Global Gastrointestinal Devices Market: By Key Players
Ethicon
Olympus
Boston Scientific
Coloplast
Given Imaging
CONMED
Covidien

Global Gastrointestinal Devices Market: By Types
Gastrointestinal Endoscopes
Gastrointestinal Stenting

Global Gastrointestinal Devices Market: By Applications
Hospitals
Clinic

Global Gastrointestinal Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Gastrointestinal Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.

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