Gastrointestinal Devices Market Size, Trends and Its Emerging Opportunities Through 2027

Posted by aartimurkute on July 11th, 2022

In the recent past, the prevalence of gastrointestinal health conditions has significantly grown. Some of the common diseases include constipation, diarrhea, gallstones, gastroesophageal reflux disease, irritable bowel syndrome, ulcerative colitis, and hemorrhoids. Moreover, some gastrointestinal diseases such as gastrointestinal cancer, colorectal cancer, and cancer of the liver and gall bladder are quite fatal. Unhealthy lifestyles, lack of physical activity, and unavailability of clean drinking water are the key factors behind the growing prevalence of gastrointestinal diseases. In present times, patients suffering from various gastrointestinal ailments are demanding minimally invasive treatments. This is leading to greater adoption of modern technologies in gastrointestinal treatments; these advanced technologies include endoscopes, robotics, and AI-assisted surgeries. In the coming years, prominent industry players in the gastrointestinal devices market are poised to engage in robust medical innovation to develop more sophisticated gastrointestinal treatments. Such developments are set to create promising growth prospects in the global gastrointestinal devices market in the foreseeable future.

To Read Complete Report of Gastrointestinal Devices Market:

Unhealthy Lifestyle Trends to Soar Demand for Advanced Gastrointestinal Devices
The modern sedentary lifestyle has dramatically surged the incidence of chronic gastrointestinal health conditions. In developed economies, the regular consumption of junk food, carbonated drinks, alcohol, and tobacco, coupled with inadequate levels of physical activity, has emerged as the foremost factor increasing the occurrence of gastrointestinal diseases. As per reports, nearly 20 million Americans suffered from digestive disorders in 2021 and about 25% required gastrointestinal surgeries. On the other hand, in emerging and underdeveloped economies, suboptimal sanitation and sparse availability of drinking water are creating serious gastrointestinal conditions. Moreover, the rapidly growing geriatric population has notably increased the demand for gastrointestinal surgeries. These factors are projected to create sound business opportunities in the global gastrointestinal devices market, contributing to the steadily rising demand for sophisticated gastrointestinal devices.

High Incidence of Liver and Pancreatic Health Conditions to Open New Growth Avenues

Liver and pancreatic diseases have been registering a higher prevalence across the globe. This is leading to a growing demand for endoscopic retrograde cholangiopancreatography. It is employed to locate obstructions in the ducts pertaining to the liver and pancreas. The obstructions can include stones, tumors, or scarring of the liver or pancreatic ducts. Sphincterotomy, stone removal, stent insertion, balloon dilation, and tissue sampling are some of the key applications of therapeutic endoscopic retrograde cholangiopancreatography. The demand for such devices is expected to increase in the foreseeable future amidst a rise in the number of gastroenteritis and other digestive problems. Advanced technologies such as endoscopic retrograde cholangiopancreatography are projected to aid the growth of the gastrointestinal devices market.

Presence of a Robust Healthcare Infrastructure to Place North America as Key Regional Market

Greater health awareness, robust healthcare infrastructure, and active medical tech adoption are the foundation of the gastrointestinal devices market in North America. In this region, the high prevalence of digestive issues, allergies, and intestinal cancers has emerged as the prime reason behind the growing demand for gastrointestinal devices. The non-invasive treatment segment is projected to lead in the North American region.

Prominent Market Players

Some of the major market players in the global gastrointestinal devices market include Boston Scientific Corporation, Braun Melsungen AG, Medtronic Plc., Stryker Corporation, Johnson & Johnson, Fujifilm Holdings Corporation, Becton, Dickinson and Company, CONMED Corporation, LLC, Ethicon US, B., and Cook Group Incorporated.

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Joined: January 21st, 2021
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