Gastrointestinal Bleeding Treatment Devices Market Outlook 2025 – Insights for Executive and Strategic Planning
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How Has the Gastrointestinal Bleeding Treatment Devices Market Grown from 2024 to 2025?
The market for devices used in the treatment of gastrointestinal bleeding has seen significant expansion in the past few years. It is projected to increase from a size of $0.87 billion in 2024 to $0.93 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.1%. This growth during the past period is a result of various factors including an aging population, lifestyle habits, development in healthcare facilities, prevalence of gastrointestinal diseases, and advancements in endoscopic procedures.
What Growth Rate Is Anticipated for the Gastrointestinal Bleeding Treatment Devices Market in the Coming Years?
The market for devices treating gastrointestinal bleeding is projected to experience robust growth in the near future, with the expectation of reaching a market value of $1.3 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 8.9%. The projected growth in the forecast period can be linked to factors such as patient-focused treatments, regulatory alterations, advancements in telemedicine, and remote consultations, an increase in gastrointestinal disorders, and an uptick in healthcare investment. Notable trends anticipated during this period include non-invasive diagnostic technologies, precision medicine, remote patient monitoring and telehealth, as well as the integration of artificial intelligence and machine learning.
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Who Are the Leading Companies 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
What Are the Key Drivers of the Gastrointestinal Bleeding Treatment Devices Market?
The increasing instances of upper gastrointestinal bleeding are expected to drive the growth of the market for gastrointestinal bleeding treatment devices in the coming years. Upper gastrointestinal (GI) bleeding takes place in the esophagus, stomach, or upper section of the small intestine and may be a result of various conditions such as peptic ulcers, esophagitis, enteritis, gastritis, cancer, among others. For example, the UK’s National Institute for Health and Care Excellence has noted that the annual rate of acute upper GI bleeding ranges from 84-172 for every 100,000 population. Additionally, research published in the National Library of Medicine – National Institutes of Health in 2023, says that in-hospital death rates for upper GI bleeds are approximately 10%. This figure remains constant for one month following hospitalization due to a GI bleed. Looking at the long term, mortality rates from all reasons rise to nearly 37% three years post-admission.
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What Are the Key Market Segments in the Gastrointestinal Bleeding Treatment Devices Industry?
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
What Are the Latest Trends in the Gastrointestinal Bleeding Treatment Devices Market?
Prominent companies within the gastrointestinal bleeding treatment devices market are concentrating on innovating advanced solutions, like the EVIS X1 endoscopy system, to augment diagnostic precision, increase the quality of patient results, and make clinical workflows more efficient. Specifically created to boost diagnostic accuracy and therapeutic treatments in various medical sectors, such as gastroenterology, pulmonology, and urology, the EVIS X1 endoscopy system represents a significant enhancement in endoscopic imaging technology. In November 2023, Olympus Corporation, a Japanese firm known for medical and surgical technologies, introduced its latest next-generation EVIS X1 endoscopy system. This new edition of EVIS X1 further develops its earlier concept by integrating pioneering imaging approaches, intuitive user interfaces, and the benefits of artificial intelligence (AI). This makes it a comprehensive solution for diverse medical uses, particularly in gastroenterology and pulmonology.
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What Are the Key Regional Markets in the Gastrointestinal Bleeding Treatment Devices Industry?
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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This Report Delivers Insight On:
1. How big is the gastrointestinal bleeding treatment devices market, and how is it changing globally?
2. Who are the major companies in the gastrointestinal bleeding treatment devices market, and how are they performing?
3. What are the key opportunities and risks in the gastrointestinal bleeding treatment devices market right now?
4. Which products or customer segments are growing the most in the gastrointestinal bleeding treatment devices market?
5. What factors are helping or slowing down the growth of the gastrointestinal bleeding treatment devices market?
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