The Business Research Company offers “Gastrointestinal Devices Global Market Report 2020-30: COVID 19 Growth And Change” in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.
The global gastrointestinal devices market is expected to decline from $7.73 billion in 2019 to $7.44 billion in 2020 at a compound annual growth rate (CAGR) of -3.75%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $9.34 billion in 2023 at a CAGR of 7.88%.
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The gastrointestinal devices market consists of sales of gastrointestinal devices and related services by entities (organizations, sole traders and partnerships) that manufacture gastrointestinal devices. These devices are used for the diagnosis and treatment of medical conditions related to the digestive system or the gastrointestinal tract. Some of these products include gastroscope, enteroscope, and ultrasound endoscope. Only goods and services traded between entities or sold to end consumers are included.
The increasing prevalence of gastrointestinal diseases contributed to the growth of the gastrointestinal devices market. Gastrointestinal diseases include irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer among others. According to the Endoscopy Centre, every year 62 million Americans are diagnosed with any of the digestive diseases, and 2% to 6% or an estimated 3 lakhs to 5 lakhs Americans suffer from inflammatory bowel disease (IBD). According to the American College of Gastroenterology estimates, 10-15% of the adult population in the USA suffer from irritable bowel syndrome (IBS) symptoms. The increased prevalence of gastrointestinal diseases increased the demand for gastrointestinal devices to treat patients, thereby driving the market growth.
Gastrointestinal Devices Market Segmentation: –
By Product Type
Endoscopic Retrograde Cholangiopancreatography Devices (ERCP)
Endoscopic Mucosal Resection (EMR)
Clinics and Dialysis Centers
Ambulatory Surgical Center
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Few Points From Table Of Content
1. Executive Summary
2. Gastrointestinal Devices Market Characteristics
3. Gastrointestinal Devices Market Size And Growth
4. Gastrointestinal Devices Market Segmentation
5. Gastrointestinal Devices Market Regional And Country Analysis
25. Gastrointestinal Devices Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Gastrointestinal Devices Market
27. Gastrointestinal Devices Market Trends And Strategies
28. Gastrointestinal Devices Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the Gastrointestinal Devices Market in major countries – Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Gastrointestinal Devices Market are Boston Scientific, Medtronic, Fujifilm Holdings Corporation, CONMED Corporation, Stryker Corporation, Johnson and Johnson, Olympus, Cook Group, Becton, Dickinson and Company, B. Braun Melsungen, ETHICON, Karl Storz, Congentix Medical, US Endoscopy, PENTAX Medical.
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