Gastroenterology Devices Market Size, Scope, Report 2022-2028
The global gastroenterology devices market size was valued at USD 9,7438.2 million in 2021 and is poised to grow at a significant CAGR of 8.3% during the forecast period 2022-28. In the hospital environment of underdeveloped countries, gastrointestinal disease outbreaks are a severe problem. Gastrointestinal problems are more tolerable in Caucasians. Thus, healthcare providers in the Western World focus on early detection, treatment, and infection control. The gastroenterology devices market is predicted to increase as a result of these factors. The gastroenterology devices market is restrained by high healthcare expenditures for treating gastrointestinal diseases.
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Endoscopy Segment Dominates the Gastroenterology Devices Market
Endoscopes are currently in huge demand due to the increasing number of people suffering from irritating bowel syndrome, Crohn’s disease etc., which requires early screening to prescribe appropriate treatment regime Capsule endoscopy is gaining popularity on account of its ability to generate internal images of small intestines and colon regions to aid accurate laparoscopic surgery.
The global gastroenterology devices market segmentation:
- By Product Type: Endoscopy Devices, Ostomy Products, Enteral Feeding Pumps, Bariatric Surgery Devices, and Others
- By End Users: Hospitals, Clinic, and Others
North America Leads Gastroenterology Devices Market
Because of its well-established healthcare infrastructure, advanced technology adoption, geriatric population increase, and prevalence of gastrointestinal and abdominal diseases in the region, North America accounted for the largest share of the global gastroenterology devices market in 2021. However, Asia-Pacific is expected to have the greatest CAGR throughout the projection period due to the increased prevalence of chronic diseases, population expansion, and improvements in healthcare facilities.
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Key players’ profiles in the gastroenterology devices market report are B. Braun Melsungen AG, Boston Scientific Corporation, Cardinal Health, Covidien Ltd, CONMED Corporation, Fujifilm, Johnson and Johnson, Karl Storz GmbH and Co. KG, Olympus Corporation, Stryker Corporation.
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