2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theGastrointestinal Devices Market?

The rise in gastrointestinal diseases has fueled the expansion of the gastrointestinal devices market. Such diseases encompass irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer, to just name a few. The Endoscopy Centre reports that every year, a staggering 62 million Americans receive a diagnosis for some form of digestive disease, and between 2% to 6% that amounts to about three hundred thousand to five hundred thousand Americans are afflicted with inflammatory bowel disease (IBD). The American College of Gastroenterology has also stated that 10-15% of the adult American population experiences symptoms of irritable bowel syndrome (IBS). The escalating occurrence of gastrointestinal diseases has led to a heightened demand for gastrointestinal devices for patient treatment, which in turn has propelled the expansion of the gastrointestinal devices market.

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#How Will the CAGR of the Gastrointestinal Devices Market Influence Its Overall Growth by 2034?

In recent times, the gastrointestinal devices market has witnessed significant growth. It is projected to increase from $11.11 billion in 2024 to $11.79 billion in 2025, following a compound annual growth rate (CAGR) of 6.1%. The notable growth during the historic period is the result of elements such as medical education and training, cost-effectiveness and value proposition, fluctuations in disease prevalence and demographic shifts, a patient-centric approach, as well as regulatory milestones and approvals.

In the upcoming years, the market size for gastrointestinal devices is projected to experience significant growth, reaching $16.38 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. This growth during the predicted period is due to factors such as value-based healthcare initiatives, the rise in homecare and patient-focused devices, personalized and precision medicine, worldwide market expansion, and alterations in regulation and compliance. Key trends for the forecast period are the increase in minimally invasive procedures, growing gastrointestinal disorders, the move towards homecare devices, patient-centered methods, and the rise of remote monitoring and telemedicine.

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What Are the Latest Innovations Influencing theGastrointestinal Devices Market?

Elevated treatment costs for gastrointestinal disease act as an impediment to the growth of the gastrointestinal devices market. As stated in the NEJM Journal Watch, a supplementary edition of the New England Journal of Medicine, the total spending dedicated to healthcare for gastrointestinal disease equates to roughly $136 billion annually, surpassing healthcare costs for heart disease ($113 billion), trauma ($103 billion), and mental health ($99 billion). This demonstrates the large financial burden gastrointestinal disease treatments incur. Additionally, a study by the American Gastroenterological Association reveals that patients dealing with inflammatory bowel diseases (IBDs), chronic liver diseases (CLDs), functional gastrointestinal disorders (FGIDs), gastrointestinal hemorrhage tend to be hospitalized at least one time and are considered high-requirement, high-expense patients that contribute significantly to hospitalization expenses. These individuals require substantial care for their functional impairments, thereby escalating the overall expenditure. Due to the hefty healthcare costs for gastrointestinal disease treatment, the majority of the population avoids seeking non-emergency care, ultimately resulting in a setback for the growth of the gastrointestinal devices market.

Who Are the Major Industry Players Accelerating Growth in theGastrointestinal 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.

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Which Primary Segments of the Gastrointestinal Devices Market Are Driving Growth and Industry Transformations?

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 Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theGastrointestinal Devices Market?# 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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