Press release
Gastroenterology Market to Reach USD 57.30 Bn by 2032
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Gastroenterology Market Key Takeaways
* In terms of drug type, biologics/biosimilars segment is expected to a market share of 30.8% in 2025.
* By dosage form, in terms of market share, the oral segment is expected to contribute the highest share of around 42.3% in 2025.
* Based on disease type, the inflammatory bowel disease segment is poised to hold about 41.7% of the total market share in 2025.
* As per Coherent Market Insights, North America is estimated to exhibit highest share of 40.8$ in the global gastroenterology market in 2025.
* Asia Pacific is the fastest growing market, particularly in countries such as China, India, and South Korea. Rising awareness about gastrointestinal disease and its treatment options is a key factor driving the market growth in APAC.
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Driving Growth with Rising Demand for Non-Invasive Gastrointestinal Testing Procedures
A new report published by Coherent Market Insights provides an overview on the various trends in the gastroenterology market. Growing demand for non-invasive procedures will fuel industry demand. Technological innovations made in the endoscopy industry such as narrow band imaging, high-definition imaging boost demand in the market. Moreover, rising rate of gastrointestinal disease owing to changing eating habits and lifestyles.
High Cost of Endoscopy Devices
The high cost of endoscopy devices is likely to hinder the global gastroenterology market. Endoscopy testing needs some specialized equipment such as biopsy valves, polypectomy snares and clips, and balloon dilation systems. These devices are more costly than increasing the overall cost of the endoscopy procedure. This high cost makes financial burden on the patients and makes them hesitant to go through these procedures. Additionally, stringent government laws globally will increase the compliance cost for device manufacturers.
Opportunities for Growth
Increasing adoption of robot-assisted surgical system will provide an opportunity for growth in the global gastroenterology market in upcoming years. The integration of robotics will provide several advantages as compared to conventional laparoscopic surgeries including 3D visualization, high dexterity, motion scaling, and tremor filtering. These innovative features will help improve surgical precision, control, and flexibility. Moreover, robotic system has the potential to make the non-invasive surgeries that can be done without trained laparoscopic surgery. Ongoing advancement in robotics will lead to high acceptance in the field of laparoscopic surgeons. In the report published by HIMSS Media on June 2024, Amrita Hospital established in Kochi, Kerala announced the launch of G-Gaiter, a robotic gait trainer that is developed by local startup Gen Robotics. This innovative system offers an immersive experience through virtual reality.
Emerging Market Trends
* The rising adoption of endoscopic procedures will likely boost the demand in the global gastroenterology market. As per the report published by Coherent Market Insights, the global endoscopy device market is estimated to be valued at approximately US$ 41.10 billion in 2025 and is projected to exhibit a CAGR of 7.8% from 2025 to 2032.
* Asia Pacific endoscopy device market is experiencing increased adoption, driven by growing genetic population and rising prevalence of non-invasive procedure. Coherent Market Insights projects the Asia Pacific Endoscopy devices market to exhibit a CAGR of 7.7% over the forecast period, increased from US$ 10,287.7 Mn in 2019 to US$ 18,551.0 Mn by 2027.
Analyst's View
The global gastroenterology market is projected to be fueled by the rising prevalence of gastrointestinal diseases and rising adoption of endoscopic procedures. Another factor that is driving demand is the growing geriatric population susceptible to chronic diseases. The growth is attributed to rapid urbanization and lifestyle changes due to increasing obesity and gastrointestinal allments. Moreover, technological advancement, growing healthcare expenditure, and favorable reimbursement policies drive growth," said senior analyst Vipul Patil.
Competitor Insights
Key companies in this market include:
- Allied Digestive Health
- Boston Scientific
- Capital Digestive Care
- CRH Medical
- Iterative Scopes
- Fujifilm Medical
- Gastro Health
- GI Alliance
- Medtronic
- Mirco-Tech Endoscopy
- Motus GI
- Olympus
- One GI
- PE GI Solutions
- Peak Gastroenterology Associates
- Pentax Medical
- Pinnacle GI Partners
- Saneso
- Surgical Innovations
- Wision A.I.
Key Development
- In August 2024, Indian gastroenterologists announced the introduction of the Gastro AI Academy to provide free AI education to GI physicians and surgeons. This new initiative aims to enhance patient care through advanced technology.
- In April 2024, OMNY Health announced the strategic partnership with leading community-based gastroenterology practices. This partnership integrates delivery networks to launch innovative real-world data solutions for the purpose of research. This expansion combines more than 5,000 GI providers and more than 10 million patients to OMNY's network. This will include the data from 3, 80,000 providers and 75 million patients across U.S.
- In February 2024, Salve Health secured around US$ 5 million in a Seed Prime funding round that is led by Human Ventures and City Light Capitals.
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About Us:
Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Contact Us:
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Contact Person: Mr. Raj Shah
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