Strong Growth Ahead: Gastrointestinal Devices Market Size To Grow At Arecord 8.6% Cagr By 2029

The Gastrointestinal 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 Devices Market Size During the Forecast Period?
In recent times, there has been a significant expansion in the gastrointestinal devices market. The market value is predicted to increase from $11.11 billion in 2024 to $11.79 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. Factors that contributed to this growth during the historic period include medical education and training, cost-effectiveness, perceived value, changes in disease prevalence and demographics, a focus on patient well-being, and various regulatory checkpoints and approvals.

In the coming years, the market size for gastrointestinal devices is projected to experience significant expansion. The market value is estimated to reach a staggering $16.38 billion in 2029, with a compound annual growth rate (CAGR) of 8.6%. Elements contributing to this growth outlook include value-oriented healthcare initiatives, the push for homecare and patient-focused devices, personalized and precision medicine, global market expansion, regulatory changes and compliance. The forecast period will likely showcase trends like the adoption of minimally invasive procedures, rising instances of gastrointestinal disorders, a shift towards homecare devices, patient-centric approaches, and the incorporation of remote monitoring and telemedicine.

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What Are the High-Growth Segments in 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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What Key Drivers Are Expected to Influence Future Gastrointestinal Devices Market Growth?
The rising incidence of gastrointestinal disorders has fueled the expansion of the gastrointestinal devices market. Such disorders encompass conditions like irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer, among others. The Endoscopy Centre reports that 62 million Americans are diagnosed with some form of digestive disease each year, and between 2% and 6%, or roughly three to five hundred thousand Americans, battle with inflammatory bowel disease (IBD). As per the American College of Gastroenterology, 10-15% of the US adult populace is plagued with symptoms of irritable bowel syndrome (IBS). This surge in prevalence of gastrointestinal disorders has escalated the demand for gastrointestinal devices designed to treat these patients, thereby propelling the growth of the gastrointestinal devices market.

Which Companies Hold the Largest Share Across Different Gastrointestinal Devices Market Segments?
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.

What Trends Are Driving Growth in The Gastrointestinal Devices Market?
The high expenses related to gastrointestinal disease treatment impede the growth of the gastrointestinal devices market. The NEJM Journal Watch, an affiliate of the New England Journal of Medicine, reports that the total yearly healthcare spending for gastrointestinal diseases stands at about $136 billion. This cost is even more than the expenditures for heart diseases ($113 billion), trauma ($103 billion), and mental health ($99 billion), highlighting the steep costs associated with gastrointestinal disease treatment. An analysis by the American Gastroenterological Association also reveals that patients with conditions such as inflammatory bowel diseases (IBDs), chronic liver diseases (CLDs), functional gastrointestinal disorders (FGIDs), and gastrointestinal hemorrhage typically require at least one hospital stay, and since these patients need more care due to their functional limitations, they significantly contribute to overall hospitalization costs. This high healthcare spending discourages most people from seeking non-emergency treatment, which subsequently hinders the progression of the gastrointestinal devices market.

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What Are the Emerging Geographies for The Gastrointestinal Devices Market Growth?
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.

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

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