Key Trends Influencing the Growth of the Gastrointestinal Bleeding Treatment Devices Market in 2025: Increasing Number Of Product Approvals

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What Is the Expected CAGR for the Gastrointestinal Bleeding Treatment Devices Market Through 2025?
In recent years, the market for devices used in treating gastrointestinal bleeding has experienced significant growth. With a forecasted increase from $0.87 billion in 2024 to $0.92 billion in 2025, it suggests a compound annual growth rate (CAGR) of 5.3%. Factors contributing to such growth during the historic period include an aging population, lifestyle circumstances, developments in healthcare infrastructure, gastrointestinal disorders, and advances in endoscopy techniques.

What's the Projected Size of the Global Gastrointestinal Bleeding Treatment Devices Market by 2029?
In the coming years, the market for devices used in treating gastrointestinal bleeding is predicted to register robust growth. By 2029, the market is expected to expand to a value of $1.28 billion, growing at a compound annual growth rate (CAGR) of 8.7%. Factors contributing to this growth during the forecast period include patient-focused care, changes in regulations, use of telemedicine and remote consultations, an increase in gastrointestinal disorders, and investment in healthcare. Top trends anticipated during this period entail the use of non-invasive diagnostic technologies, precision medicine, remote monitoring and telehealth, along with the incorporation of artificial intelligence and machine learning.

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Top Growth Drivers in the Gastrointestinal Bleeding Treatment Devices Industry: What's Accelerating the Market?
The increase in cases of upper gastrointestinal bleeding is predicted to boost the expansion of the gastrointestinal bleeding treatment devices market throughout the predicted timeline. Upper gastrointestinal (GI) bleeding, which can occur in the esophagus, stomach or upper section of the small intestine, can be brought on by a variety of conditions, such as peptic ulcers, esophagitis, enteritis, gastritis, cancer, and more. For example, data from the National Institute for Health and Care Excellence indicates that in the UK, the occurrence of acute upper GI bleeding varies from 84-172 out of every 100,000 individuals per year. Additionally, based on research published in the National Library of Medicine - National Institutes of Health in 2023, around 10% of in-hospital deaths are attributed to upper GI bleeds. This percentage remains stable up to a month after a hospital stay for a GI bleed. In the long run, mortality rates due to all causes hit almost 37% three years post admission.

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Which Emerging Trends Are Transforming the Gastrointestinal Bleeding Treatment Devices Market in 2025?
Leading businesses in the gastrointestinal bleeding treatment devices market are focusing their efforts on developing state-of-the-art solutions like the EVIS X1 endoscopy system. This system is engineered to elevate diagnostic precision, boost patient results, and optimize clinical procedures. The EVIS X1, a cutting-edge endoscopic imaging platform, is tailored to enhance diagnostic accuracy and therapeutic treatments across various medical fields, including gastroenterology, pulmonology, and urology. Olympus Corporation, a Japan-based company specializing in medical and surgical technologies, for example, launched its sophisticated next-generation EVIS X1 endoscopy system in November 2023. This upgraded version of EVIS X1 epitomizes the advancement in endoscopic imaging technology and is designed with enhanced diagnostic features, better procedural efficiency, and to aid superior clinical outcomes. It offers a refined version of the EVIS X1, incorporating innovative imaging techniques, user-centric interfaces, and AI support. It's designed to cater to a broad spectrum of medical applications, particularly in gastroenterology and pulmonology.

What Are the Main 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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Which Top Companies are Driving Growth in the Gastrointestinal Bleeding Treatment Devices Market?
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

Which Regions Will Dominate the Gastrointestinal Bleeding Treatment Devices Market Through 2029?
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.

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