Latest Gastrointestinal Bleeding Treatment Market Growth Study 2022-2026 By The Business Research Company
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The gastrointestinal bleeding treatment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!
Read More On The Gastrointestinal Bleeding Treatment Market Report 2022 – https://www.thebusinessresearchcompany.com/report/gastrointestinal-bleeding-treatment-devices-global-market-report
The Gastrointestinal Bleeding Treatment Market Size In 2022 And Forecast
The global gastrointestinal bleeding treatment market is expected to grow from $682.30 million in 2020 to $722.37 million in 2021 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The gastrointestinal bleeding treatment market is expected to reach $889.11 million in 2025 at a CAGR of 5.3%.
The gastrointestinal bleeding treatment devices market consists of sales of gastrointestinal bleeding treatment devices and equipment for gastrointestinal bleeding.
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Rise In The Incidences Of Upper Gastrointestinal Bleeding Is Driving The Growth Of The Gastrointestinal Bleeding Treatment Market
For instance, according to the National Institute for Health and Care Excellence, in the UK the incidence of acute upper GI bleeding ranges from 84-172 per 100,000 of the population per year. Furthermore, as per the study published by the International Journal of Surgery Global Health in May 2020, the incidence of acute upper GI bleeding in the Western world recorded to be 103 cases per 100,000 adults annually. Therefore, the rise in the incidences of upper gastrointestinal bleeding propels the growth of the gastrointestinal bleeding treatment devices market.
Competitive Landscape And The Regional Analysis Of The Gastrointestinal Bleeding Treatment Market
Major players in the gastrointestinal bleeding treatment market are CONMED, Boston Scientific Corporation, US Medical Innovations, Ovesco Endoscopy AG, Olympus Corporation, Cook Medical, Erbe Elektromedizin GmbH, Steris Plc, and Pfizer Inc.
The Gastrointestinal Bleeding Treatment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the gastrointestinal bleeding treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the gastrointestinal bleeding treatment market.
Increasing Product Approvals – A Key Trend In The Gastrointestinal Bleeding Treatment Market
Key players in the market are focusing on product approvals to maintain a comparative advantage over competitors in the industry.
Gastrointestinal Bleeding Treatment Market Segmentation By The Business Research Company
1) By Product: Endoscopic Thermal Devices, Others
2) By GI Tract Division: Upper GI Tract, Lower GI Tract
3) By End User: Hospitals Or Clinics, Ambulatory Surgical Centers, Others
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