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Rising Trends, Market Size, and Influential Players: A Comprehensive Examination of the Gastrointestinal Bleeding Treatment Devices Market
Gastrointestinal Bleeding Treatment Devices Market
What Is The Projected Market Size Of The Global Gastrointestinal Bleeding Treatment Devices Market And Its Growth Rate?
o The market has grown strongly in recent years, with a market size of $0.87 billion in 2024 growing to $0.93 billion in 2025. This reflects a compound annual growth rate (CAGR) of 6.1%.
o The growth can be attributed to aging populations, lifestyle factors, and advancements in healthcare infrastructure and endoscopy.
o This market is expected to continue to grow strongly, reaching a size of $1.3 billion by 2029, a CAGR of 8.9%. The market's growth is expected to be driven by patient-centric care, regulatory changes, telemedicine, and increased healthcare investments.
What Is Driving The Growth In The Gastrointestinal Bleeding Treatment Devices Market?
An increase in the incidences of upper gastrointestinal bleeding is predicted to contribute to the market's growth. Upper gastrointestinal (GI) bleeding occurs in the esophagus, stomach, or the upper part of the small intestine, caused by various factors including peptic ulcers, esophagitis, gastritis, cancer, and others. In the UK, for instance, the incidence of acute upper GI bleeding varies from 84-172 per 100,000 people annually, according to the National Institute for Health and Care Excellence. Mortality rates for upper GI bleeds in hospitals stand at approximately 10%, and long-term, post-admission mortality rates from all causes reach nearly 37%.
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Who Are the Key Players Driving Gastrointestinal Bleeding Treatment Devices Market Growth?
o CONMED Corporation
o Boston Scientific Corporation
o Ovesco Endoscopy AG
o Olympus Corporation
o Cook Medical
o Erbe Elektromedizin GmbH
o Steris plc.
o Medtronic
o Johnson & Johnson
o Abbott Laboratories
o Fujifilm Holdings Corporation
o Pentax Medical
o Merit Medical Systems
o Teleflex Incorporated
o AngioDynamics
o BTG International Ltd.
o Medline Industries Inc.
o Smiths Medical
o Terumo Corporation
o Nipro Corporation
o ConvaTec Group PLC
o Coloplast A/S
o Hollister Incorporated
o Wellspect HealthCare
o C. R. Bard Inc.
o EndoChoice Holdings Inc.
o GI Supply Inc.
o Hemostasis LLC
What Are The Key Trends In The Gastrointestinal Bleeding Treatment Devices Market?
o Development and use of non-invasive diagnostic technologies
o The implementation of precision medicine
o Leveraging remote monitoring and telehealth for better patient care
o Utilizing artificial intelligence and machine learning in diagnostics and treatment
What Are The Segments Of The Global Gastrointestinal Bleeding Treatment Devices Market?
o By Product: Endoscopic Thermal Devices, Other Products
o By GI Tract Division: Upper GI Tract, Lower GI Tract
o By End User: Hospitals Or Clinics, Ambulatory Surgical Centers, Other End-users
Which Region Leads The Gastrointestinal Bleeding Treatment Devices Market?
North America was the largest region in the gastrointestinal bleeding treatment devices market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gastrointestinal bleeding treatment devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Gastrointestinal Bleeding Treatment Devices Market Global Market Report?
- Market Size Analysis: Analyze the Gastrointestinal Bleeding Treatment Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gastrointestinal Bleeding Treatment Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gastrointestinal Bleeding Treatment Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gastrointestinal Bleeding Treatment Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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