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Gastrointestinal Devices Market: Steady Growth, Key Drivers, and Future Outlook
Gastrointestinal Devices Market Outlook
What Is The Projected Market Size Of The Global Gastrointestinal Devices Market And Its Growth Rate?
• The market size of gastrointestinal devices has experienced substantial growth and is predicted to increase from $11.11 billion in 2024 to $11.79 billion in 2025, displaying a compound annual growth rate (CAGR) of 6.1%.
• This market is projected to further expand to $16.38 billion in 2029 with a CAGR of 8.6%.
What Is Driving The Growth In The Gastrointestinal Devices Market?
A major factor propelling the growth in the gastrointestinal devices market is the prevalence of gastrointestinal diseases such as irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer. Statistics from the Endoscopy Centre reveal that about 62 million Americans are diagnosed with a digestive disease each year. The American College of Gastroenterology estimates that 10-15% of the adult population in the USA suffer from irritable bowel syndrome (IBS) symptoms. This escalating prevalence of gastrointestinal diseases has boosted the demand for gastrointestinal devices for patient treatment, driving market growth.
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Who Are the Key Players Driving Gastrointestinal Devices Market Growth?
Significant players impacting the growth of the gastrointestinal devices market include:
• Johnson and Johnson Services Inc.
• Medtronic plc
• Siemens Healthineers AG
• Fujifilm Holdings Corporation
• Becton, Dickinson and Company
• Stryker Corporation
• Boston Scientific Corporation
• B. Braun Melsungen AG
• Olympus Corporation
• Interscope Inc.
• Steris plc
• Cook Group Incorporated
• MICRO-TECH Co. Ltd. and so forth.
What Are The Key Trends In The Gastrointestinal Devices Market?
Key market trends in the forecast period include:
• Usage of Minimally invasive procedures
• Rising prevalence of gastrointestinal disorders
• Shift towards homecare devices
• Patient-centric approaches
• Implementation of remote monitoring and telemedicine
What Are The Segments Of The Global Gastrointestinal Devices Market?
The gastrointestinal devices market comprises segments such as:
• GI Videoscopes
• Biopsy Devices
• Endoscopic Retrograde Cholangiopancreatography Devices (ERCP)
• Capsule Endoscopy
• Endoscopic Ultrasound
• Endoscopic Mucosal Resection (EMR)
• Hemostasis Devices
• Other Product Types
Which Region Leads The Gastrointestinal Devices Market?
North America was leading the gastrointestinal devices market in 2024. The second largest region was Asia-Pacific. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Gastrointestinal Devices Market Global Market Report?
- Market Size Analysis: Analyze the Gastrointestinal Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gastrointestinal 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 Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gastrointestinal Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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