Gastroenterology Devices Market 2023 | Pointing to Capture Largest Growth in 2029 by leading companies - B.Braun Melsungen AG, Boston Scientific Corporation, Cardinal Health, Covidien Ltd.(Medtronic)

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With a compound annual growth rate (CAGR) of 5.6%, the global market for Gastroenterology Devices increased in size from $10.05 billion in 2022 to $10.61 billion in 2023. At least temporarily, the Russia-Ukraine conflict hampered the chances of a COVID-19 pandemic-related global economic recovery. Economic sanctions against 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 goods and services and had an impact on numerous markets around the world. At a CAGR of 6.7%, the market for gastrointestinal devices is anticipated to increase from $13.7 billion in 2029.

The Global Gastroenterology Devices Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Gastroenterology Devices Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Gastroenterology Devices Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Gastroenterology Devices Market in the coming years.

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Some of the key players profiled in the study are B.Braun Melsungen AG, Boston Scientific Corporation, Cardinal Health, Covidien Ltd.(Medtronic), Conmed Corporation, Fujifilm, Johnson & Johnson, Karl Storz GmbH & Co. KG., Olympus Corporation, Stryker Corporation and other Prominent players.

Recent Developments

In February 2023, Karl Storz GmbH & Co. KG declared its acquisition of AventaMed DAC to strengthen its ENT portfolio for offering endoscopic treatment

In July 2023, Olympus Corporation announced the launch of the Endoscopy Human Resources Development Support Project for gastrointestinal disease diagnosis in Kenya to provide endoscopy care solutions

In May 2021, Boston Scientific Corporation completed the development of CE Mark for the EXALTTM Model B Single-Use Bronchoscope. This development resulted in advancement and innovation in the endoscopy field with the aim to improve safety and care for patients

Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Gastroenterology Devices market. The major and emerging players of the Gastroenterology Devices Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Gastroenterology Devices market.

The segmental analysis section of the report includes a thorough research study on key type and application segments of the Gastroenterology Devices market

Gastroenterology Devices Market (By Types)

Endoscopy Devices

Ostomy Products

Enteral Feeding Pumps

Bariatric Surgery Devices

Others

Gastroenterology Devices Market (By Application)

Hospitals

Clinic

Others

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Important years considered in the Gastroenterology Devices study:

Historical year - 2017-2021;
Base year - 2022;
Forecast period** - 2023 to 2029 [** unless otherwise stated]

If opting for the Global version of Gastroenterology Devices Market; then the below country analysis would be included:

- North America ( North America accounted for the highest revenue share of 41.8% in the market for endoscopy devices. This is attributed due to the growing prevalence of several chronic diseases such as cancer, diabetes, cardiovascular diseases along functional gastrointestinal disorders. In addition, the increasing geriatric population, those who are prone to several chronic disorders also propelling the adoption of endoscopic procedures in this region. Moreover, growing awareness for early disease diagnosis using minimally invasive procedures and improved healthcare infrastructure are further boosting the market growth in this region. )

- Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

- Asia-Pacific (in Asia Pacific, the market for endoscopy devices is expected to witness the fastest growth rate over the forecast years owing to the large population and an increasing number of functional gastrointestinal disorder patients. In addition, growing demand for the minimally invasive endoscopic procedure and improving health care infrastructure are also anticipated to accelerate the region's growth in the market. Moreover, increasing government initiatives to modernize healthcare facilities and constantly develop a start-up landscape are among the major factors further promoting the growth of the market in the region. )

- South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

- the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

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Reasons to Procure this Report:

The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

The report provides Gastroenterology Devices market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

The research includes the Gastroenterology Devices market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

Gastroenterology Devices market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

The study helps evaluate Gastroenterology Devices business predictions by region, key countries, and top companies' information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation-Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Gastroenterology Devices market.

- Updated financial information and product portfolios of players operating in the Gastroenterology Devices market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Gastroenterology Devices.

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