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Gastrointestinal Bleeding Treatment Devices Market 2024 - By Size Analysis, Share Value, Future Growth, Emerging Trends And Global Industry Insights By 2033
Gastrointestinal Bleeding Treatment Devices Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Gastrointestinal Bleeding Treatment Devices industry. This report on Gastrointestinal Bleeding Treatment Devices market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The gastrointestinal bleeding treatment devices market size has grown strongly in recent years. It will grow from $0.84 billion in 2023 to $0.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to aging population, lifestyle factors, healthcare infrastructure, gastrointestinal disorders, endoscopy advances. The gastrointestinal bleeding treatment devices market size is expected to see strong growth in the next few years. It will grow to $1.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
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Key Market Players:
CONMED Corporation, Boston Scientific Corporation, US Medical Innovations, Ovesco Endoscopy AG, Olympus Corporation, Cook Medical, Erbe Elektromedizin GmbH.
Market Drivers:
According to the Gastrointestinal Bleeding Treatment Devices Market Report 2024 by The Business Research Company, the increasing burden of gastrointestinal disorders is expected to make the market more lucrative. Gastrointestinal diseases can be caused due to a low fiber diet, being stressed, not drinking enough water, eating a lot of dairy foods, inactive lifestyle, aging, and genetic factors. According to the BMC Gastroenterology report 2021, In 2035, as compared to 2020, the IBD expected a 2.5-fold rise in prevalence for Iran with 69 thousand cases, a 2.3-fold increment for North Africa and the Middle East with 220 thousand cases, quadrupling the prevalence for India with 2.2 million cases, a 1.5-fold increase for East Asia region with 4.5 million cases, and a 1.6-fold elevation in prevalence for high-income Asia-Pacific and Southeast Asia regions with 183 and 199 thousand cases respectively. Therefore, increase in prevalence of disorders related to GI tract is driving the market.
More information about the Global Gastrointestinal Bleeding Treatment Devices Market Report -
https://www.thebusinessresearchcompany.com/report/gastrointestinal-bleeding-treatment-devices-global-market-report
Market segments for Gastrointestinal Bleeding Treatment Devices include:
1) By Product: Endoscopic Thermal Devices, Other Products
2) By GI Tract Division: Upper GI Tract, Lower GI Tract
3) By End User: Hospitals Or Clinics, Ambulatory Surgical Centers, Other End-users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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