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How has the gastrointestinal devices market grown in recent years?

In recent years, the market for gastrointestinal devices has experienced robust growth. The market, which is valued at $11.11 billion in 2024, will rise to $11.79 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1%. Factors contributing to this growth during the historical period encompass medical education and training, value for money, changes in disease rates and demography, a patient-centric approach, and milestones in regulation and approvals.

How is the gastrointestinal devices market size expected to evolve during the forecast period?

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Which key drivers are propelling the gastrointestinal devices market’s growth?

The rise in the incidence of gastrointestinal diseases is a significant factor propelling the expansion of the gastrointestinal devices market. These diseases encompass conditions such as irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer, among others. As per the Endoscopy Centre, around 62 million Americans are diagnosed with a digestive disease each year, and 2% to 6% or roughly three hundred thousand to five hundred thousand Americans endure inflammatory bowel disease (IBD). The American College of Gastroenterology has estimated that between 10-15% of adults in the USA show symptoms of irritable bowel syndrome (IBS). A surge in the incidence of gastrointestinal diseases has amplified the demand for gastrointestinal devices used in patient treatment, consequently fueling the growth of the gastrointestinal devices market.

What are the market segments in the gastrointestinal devices industry?

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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Which leading companies are shaping the growth of the gastrointestinal devices market?

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 key trends are currently impacting the gastrointestinal devices market’s development?

In the gastrointestinal devices market, prominent businesses such as 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. are significant players.

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Which geographic areas are influencing the growth of the gastrointestinal devices market?

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.

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