Gastrointestinal Devices Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

What industry-specific factors are fueling the growth of the gastrointestinal devices market?
The rise in gastrointestinal illnesses has propelled the growth of the gastrointestinal devices market. These illnesses encompass conditions such as irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer. As per the data from the Endoscopy Centre, every year, about 62 million Americans are diagnosed with some form of digestive disease. 2% to 6% of this equates to roughly three hundred thousand to five hundred thousand Americans battling inflammatory bowel disease (IBD). The American College of Gastroenterology approximates that 10-15% of American adults experience symptoms linked to irritable bowel syndrome (IBS). The escalating occurrences of gastrointestinal diseases also amplify the demand for gastrointestinal devices, thus contributing to the upward trend in the growth of the gastrointestinal devices market.

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What Is the projected market size and growth rate for the gastrointestinal devices market?
The market for gastrointestinal devices has witnessed robust growth in the previous years. It is projected to expand from a valuation of $11.11 billion in 2024 to around $11.79 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.1%. The varying factors contributing to the growth recorded in the historical period include the impact of medical education and training, affordable pricing and value proposition, the prevalence of diseases and demographic alterations, patient-oriented strategies, as well as regulatory milestones and approvals.

In the coming years, the market size for gastrointestinal devices is anticipated to witness robust growth. It's forecasted to expand to $16.38 billion in 2029, with a compound annual growth rate (CAGR) of 8.6%. This growth during the forecast period is expected due to factors like value-driven healthcare initiatives, adoption of homecare and patient-centric devices, personalized and high-precision medicine, globalization of the market, regulatory alterations, and compliance. Dominant trends for the forecast period are the adoption of minimally invasive procedures, increasing gastrointestinal disorders, the trend towards homecare devices, patient-oriented strategies, remote patient monitoring, and telemedicine.

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What new trends are reshaping the gastrointestinal devices market and its opportunities?
The gastrointestinal devices market growth is impeded by the high expenses incurred in treating gastrointestinal diseases. The sister publication of the New England Journal of Medicine, NEJM Journal Watch, establishes that the total healthcare cost for gastrointestinal diseases touches nearly $136 billion annually. This amount exceeds the healthcare expenses related to heart diseases ($113 billion), trauma ($103 billion), and mental health ($99 billion), underlining the high costs involved in handling gastrointestinal disease. Also, research by the American Gastroenterological Association reveals that patients suffering from inflammatory bowel diseases, chronic liver diseases, functional gastrointestinal disorders, and gastrointestinal bleeding often require hospitalization. These individuals are identified as high-cost and high-need persons since they contribute significantly to hospitalization expenses, often due to functional limitations necessitating enhanced care. Consequently, these hefty healthcare costs related to gastrointestinal diseases cause most people to avoid seeking treatment unless in emergency cases, which unfavorably influences the expansion of the gastrointestinal devices market.

What major market segments define the scope and growth of the gastrointestinal devices market?
The gastrointestinal devices market covered in this report is segmented -

1) By Product Type: GI Videoscopes, Biopsy Devices, Endoscopic Retrograde Cholangiopancreatography Devices (ERCP), Capsule Endoscopy, Endoscopic Ultrasound, Endoscopic Mucosal Resection (EMR), Hemostasis Devices, Other Product Types
2) By Sales Channel: Online Retailing, Medical Stores And Brand Outlet
3) By End Users: Hospitals, Clinics And Dialysis Centers, Ambulatory Surgical Center

Subsegments:
1) By GI Videoscopes: Flexible Videoscopes, Rigid Videoscopes
2) By Biopsy Devices: Needle Biopsy Devices, Forceps Biopsy Devices, Punch Biopsy Devices
3) By Endoscopic Retrograde Cholangiopancreatography Devices (ERCP): ERCP Cannulas, Guidewires, Balloon Sweep Devices
4) By Capsule Endoscopy: Small Intestine Capsule Endoscopes, Esophageal Capsule Endoscopes, Colonic Capsule Endoscopes
5) By Endoscopic Ultrasound: EUS Scopes, EUS-guided Fine-needle Aspiration (FNA) Devices
6) By Endoscopic Mucosal Resection (EMR): EMR Kits, EMR Suction Devices
7) By Hemostasis Devices: Mechanical Hemostasis Devices, Thermal Hemostasis Devices, Chemical Hemostasis Agents
8) By Other Product Types: Enteral Feeding Devices, Gastrostomy Tubes, Accessories For GI Devices

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Which region dominates the gastrointestinal devices market?
North America was the largest region in the gastrointestinal devices market in 2024. Asia-Pacific was the second largest region in the gastrointestinal devices market report. The regions covered in the gastrointestinal devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the gastrointestinal devices industry growth?
Major companies operating in 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., Cantel Medical Corp., CONMED Corporation, PENTAX Medical Company, Karl Storz SE & Co. KG, US Endoscopy Inc., Richard Wolf GmbH, Motus GI Holdings Inc., Congentix Medical Inc., ERBE Elektromedizin GmbH, Creo Medical Group plc, GI Dynamics Inc., Millennium Surgical Corp., Mauna Kea Technologies SA, EndoMaster Pte Ltd., Zhanjiang Bokang Biotechnology Co. Ltd., Jinshan Science & Technology Co., Safe Medical Design Inc.

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What Is Covered In The Gastrointestinal Devices Global Market Report?

•Market Size Forecast: Examine the gastrointestinal devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the gastrointestinal devices market for a structured understanding.
•Key Players Overview: Analyze major players in the gastrointestinal devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gastrointestinal devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the gastrointestinal devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gastrointestinal devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the gastrointestinal devices market.
•Competitive Landscape: Review strategic developments in the gastrointestinal devices market, including expansions, agreements, and new product launches.

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