Key Highlights of the Gas Separation Membrane Market 2025-2034: Growth Dynamics, Trends, and Opportunities
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What is the Forecasted Expansion Rate of the Gas Separation Membrane Market Over the 2025–2034 Period?
In recent times, the market size of gastrointestinal devices has witnessed considerable expansion. The market will see an increase from $11.11 billion in 2024 to $11.79 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.1%. Factors such as advancements in medical education and training, cost-effectiveness, value proposition, changes in disease prevalence and demographics, a focus on patient-centric approaches, and regulatory achievements and approvals have contributed to the growth during the historic period.
Projections indicate robust expansion for the market of gastrointestinal devices in the coming years. The expectation is for it to increase in value to $16.38 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this growth during the forecast timeframe include value-centric healthcare initiatives, emphasis on homecare and devices focused on patients, personalized and precision medicine, expansion of the global market, shifts in regulations and compliance standards. Key trends to watch for during this period are the increase in minimally invasive procedures, a surge in the incidence of gastrointestinal disorders, a move towards home-based care devices, patient-focused strategies, and the growth of remote monitoring and telemedicine.
Which Primary Drivers Are Supporting the Continued Expansion of the Market?
The growth of the gastrointestinal devices market can be attributed to the rising prevalence of gastrointestinal disorders. Such diseases encompass conditions like irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer, among others. The Endoscopy Centre reports that each year, 62 million Americans are diagnosed with some form of digestive disease, and an estimated 300,000 to 500,000 Americans deal with inflammatory bowel disease (IBD), accounting for 2% to 6% of the population. Furthermore, the American College of Gastroenterology estimates that 10-15% of the adult population in the USA experience irritable bowel syndrome (IBS) symptoms. As the rate of gastrointestinal diseases rises, so does the demand for gastrointestinal devices for treatment, resulting in an upward trend in the gastrointestinal devices market.
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Who Are the Leading Organizations Fueling the Expansion of the Gas Separation Membrane Market?
Major companies operating in the gastrointestinal devices market include:
• Johnson and Johnson Services Inc._x000D_
• Medtronic plc_x000D_
• Siemens Healthineers AG_x000D_
• Fujifilm Holdings Corporation_x000D_
• Becton_x000D_
Which Cutting-Edge Trends Are Expected to Drive the Gas Separation Membrane Market’s Growth?
The steep expenses associated with the treatment of gastrointestinal disease are posing a hindrance to the growth of the gastrointestinal devices market. As stated by the NEJM Journal Watch, an affiliate of the New England Journal of Medicine, the average annual amount spent on healthcare for gastrointestinal disease is approximately $136 billion. This surpasses the yearly healthcare costs for heart diseases ($113 billion), trauma ($103 billion), and mental health ($99 billion), illustrating the significant costs linked to gastrointestinal disease treatment. Furthermore, an analysis from the American Gastroenterological Association reveals that patients affected by inflammatory bowel diseases (IBDs), chronic liver diseases (CLDs), functional gastrointestinal disorders (FGIDs), and gastrointestinal bleeding are usually admitted to the hospital at least once. These patients generate a hefty portion of hospitalization costs as they are high-need, high-cost patients. They frequently seek inpatient services and require intensive care due to their functional limitations, further escalating the costs. These substantial healthcare costs deter many individuals from pursuing non-emergency treatment for gastrointestinal disease, subsequently stunting the development of the gastrointestinal devices market.
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What Are the Major Segments of the Gas Separation Membrane Market and Their Role in Driving Growth?
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 Regions Are Most Influential in Expanding the Gas Separation Membrane 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.
What Key Parameters Define the Gas Separation Membrane Market’s Scope?
Gastrointestinal devices are used for the diagnosis and treatment of medical conditions related to the digestive system or the gastrointestinal tract.
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