Rise In The Incidences Of Upper Gastrointestinal Bleeding: Key Factor Driving The Growth In The Gastrointestinal Bleeding Treatment Devices Market

The Gastrointestinal Bleeding Treatment Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Gastrointestinal Bleeding Treatment Devices Market Size During the Forecast Period?
Recent years have seen a robust growth in the market size of devices used in the treatment of gastrointestinal bleeding. It is projected to expand from $0.87 billion in 2024 to $0.93 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.1%. Factors such as an aging population, lifestyle patterns, developments in healthcare infrastructure, incidents of gastrointestinal disorders, and advancements in endoscopy contribute to the growth seen in the historic period.

The market for devices treating gastrointestinal bleeding is anticipated to experience notable expansion in the upcoming years, with an expected rise to $1.3 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.9%. This progression, predicted for the subsequent period, can be credited to elements such as focus on patient-oriented treatment, regulatory modifications, the rise of telemedicine and distant consultations, and an upsurge in gastrointestinal ailments, together with healthcare investment. Key trends in the anticipated period are inclusive of non-surgical diagnostic technologies, precision treatment, remote monitoring and telehealth, along with advances in artificial intelligence and machine learning.

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What Are the High-Growth Segments in the Gastrointestinal Bleeding Treatment Devices Market?
The gastrointestinal bleeding treatment devices market covered in this report is segmented -

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

Subsegments:
1) By Endoscopic Thermal Devices: Radiofrequency Ablation Devices, Laser Therapy Devices, Coagulation Devices
2) By Other Products: Hemostatic Clips, Injection Devices, Mechanical Hemostatic Devices

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What Key Drivers Are Expected to Influence Future Gastrointestinal Bleeding Treatment Devices Market Growth?
The expected growth in the gastrointestinal bleeding treatment devices market can be attributed to an increase in cases of upper gastrointestinal bleeding. This kind of bleeding occurs in the esophagus, stomach, or the upper area of the small intestine, and can be the result of a multitude of factors such as peptic ulcers, esophagitis, enteritis, gastritis, cancer, among others. The incidence of acute upper GI bleeding in the UK, according to the National Institute for Health and Care Excellence, falls between 84-172 per 100,000 people annually. A 2023 study published in the National Library of Medicine - National Institutes of Health reported that in-hospital mortality rates due to upper GI bleeds hovered around 10%. This rate stayed stable for a month post-hospitalization for GI bleed. In the long term, mortality rates from all causes saw a significant spike to nearly 37% three years following admission.

Which Companies Hold the Largest Share Across Different Gastrointestinal Bleeding Treatment Devices Market Segments?
Major companies operating in the gastrointestinal bleeding treatment devices market include CONMED Corporation, Boston Scientific Corporation, Ovesco Endoscopy AG, Olympus Corporation, Cook Medical, Erbe Elektromedizin GmbH, Steris plc., Medtronic, Johnson & Johnson, Abbott Laboratories, Fujifilm Holdings Corporation, Pentax Medical, Merit Medical Systems, Teleflex Incorporated, AngioDynamics, BTG International Ltd., Medline Industries Inc. Smiths Medical, Terumo Corporation, Nipro Corporation, ConvaTec Group PLC, Coloplast A/S, Hollister Incorporated, Wellspect HealthCare, C. R. Bard Inc., EndoChoice Holdings Inc., GI Supply Inc., Hemostasis LLC

What Trends Are Driving Growth in The Gastrointestinal Bleeding Treatment Devices Market?
Major firms in the gastrointestinal bleeding treatment devices market are endeavouring to produce innovative solutions like the EVIS X1 endoscopy system to bolster diagnostic precision, augment patients' health outcomes, and optimise clinical procedures. The EVIS X1 endoscopy system is a cutting-edge diagnostic imaging platform, custom-made to heighten precision in diagnosis and treatment across a variety of medical fields such as gastroenterology, pulmonology, and urology. For illustration, in November 2023, Olympus Corporation, a medical and surgical technology firm based in Japan, unveiled its sophisticated next-generation EVIS X1 endoscopy system. This state-of-the-art EVIS X1 endoscopy system is a forward stride in endoscopic imaging technology, constructed to boost diagnostic power, enhance protocol efficacy, and deliver superior clinical results. This revamped version of the EVIS X1 improves upon its precursor by integrating advanced imaging methods, easy-to-use interfaces, and support from Artificial Intelligence (AI), particularly in gastroenterology and pulmonology, to cater to a multitude of medical use-cases.

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What Are the Emerging Geographies for The Gastrointestinal Bleeding Treatment Devices Market Growth?
North America was the largest region in the gastrointestinal bleeding treatment devices market in 2024. 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gastrointestinal Bleeding Treatment Devices Market?
2. What is the CAGR expected in the Gastrointestinal Bleeding Treatment Devices Market?
3. What Are the Key Innovations Transforming the Gastrointestinal Bleeding Treatment Devices Industry?
4. Which Region Is Leading the Gastrointestinal Bleeding Treatment Devices Market?

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