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What Is the Forecast for the Gastrointestinal Devices Market from 2024 to 2025?

The market size of gastrointestinal devices has seen robust expansion over the past few years. The market is projected to increase from $11.11 billion in 2024 to $11.79 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. The surge during the historical period is attributable to factors such as medical education and training, cost-effectiveness and value proposition, prevalence of diseases and demographic shifts, a patient-focused approach, along with regulatory milestones and approvals.

What Is the Projected Market Size of the Gastrointestinal Devices Market?

The market size for gastrointestinal devices is projected to experience substantial growth in the upcoming years. Its expansion is slated to reach $16.38 billion by 2029, with a compound annual growth rate (CAGR) of 8.6%. This growth during the forecast period is owed to factors such as value-based healthcare initiatives, homecare and patient-centric devices, personalised and precision medicine, global market expansion, regulatory changes and adherence to them. The forecast period will see key trends such as minimally invasive procedures, the increase in gastrointestinal disorders, a move towards homecare devices, patient-centric methodologies, remote monitoring and telemedicine.

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Who are the Major Competitors in the Gastrointestinal Devices Market Outlook?

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 Is Fueling Growth in the Gastrointestinal Devices Market?

The rise in gastrointestinal ailments has significantly influenced the expansion of the gastrointestinal devices market. Such conditions include irritable bowel syndrome, cancer, colon polyps, hemorrhoids and perianal abscesses, among others. The Endoscopy Centre states that each year, 62 million Americans are diagnosed with a digestive disease. Furthermore, inflammatory bowel disease (IBD) affects between 2% and 6%, or around three hundred thousand to five hundred thousand Americans. The American College of Gastroenterology suggests that 10-15% of America’s adult population suffer from symptoms of irritable bowel syndrome (IBS). The heightened occurrence of these gastrointestinal illnesses has led to an increased demand for gastrointestinal devices for patient treatment, thereby bolstering the growth of the gastrointestinal devices market.

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Which Gastrointestinal Devices Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Gastrointestinal Devices Market?

The elevated expenses associated with managing gastrointestinal illness are acting as a hindrance to the expansion of the gastrointestinal devices industry. Data from the NEJM Journal Watch, a subsidiary of the New England Journal of Medicine, reveals that the total healthcare costs related to gastrointestinal diseases tally around $136 billion annually. This surpasses the cost associated with heart diseases ($113 billion), traumas ($103 billion), and mental health conditions ($99 billion), underlining the significant financial burden of managing gastrointestinal diseases. Additionally, the American Gastroenterological Association’s database analysis points out that patients suffering from conditions like inflammatory bowel diseases (IBDs), chronic liver diseases (CLDs), functional gastrointestinal disorders (FGIDs), and gastrointestinal hemorrhage are often admitted to hospitals at least once and account for a large portion of hospitalization costs because they require significant care due to functional limitations. Most people are compelled to forgo treatment in non-emergency situations due to these exorbitant healthcare costs linked to gastrointestinal diseases, which in turn, hampers the growth of the gastrointestinal devices industry.

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Which Countries Are Leading 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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This Report Delivers Insight On:

1. How big is the gastrointestinal devices market, and how is it changing globally?

2. Who are the major companies in the gastrointestinal devices market, and how are they performing?

3. What are the key opportunities and risks in the gastrointestinal devices market right now?

4. Which products or customer segments are growing the most in the gastrointestinal devices market?

5. What factors are helping or slowing down the growth of the gastrointestinal devices market?

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