Gastroesophageal Reflux Disease (GERD) Market Forecast 2024-2033: Anticipated Size and Growth Trends
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What is the Expected Growth Rate of the Gastroesophageal Reflux Disease (GERD) Market from 2024 to 2033?
The gastroesophageal reflux disease (GERD) market has grown marginally in recent years. It will grow from $5.15 billion in 2023 to $5.25 billion in 2024, at a compound annual growth rate (CAGR) of 2.0%. This growth is attributed to lifestyle and dietary changes, the obesity epidemic, greater awareness of GERD treatments, and the globalization of the pharmaceutical industry.
The gastroesophageal reflux disease (GERD) market is expected to grow steadily, reaching $5.74 billion by 2028, with a CAGR of 2.3%. The growth is driven by an aging population, rising healthcare spending, emerging biomarkers, and an increase in heartburn cases. Trends include diagnostic and surgical advancements, the development of targeted therapies, and the adoption of telehealth services.
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The increasing prevalence of esophageal diseases is expected to drive the gastroesophageal reflux disease (GERD) market. Esophageal conditions, such as GERD, can significantly affect quality of life, and the rising number of cases emphasizes the need for better treatment solutions. In 2023, the American Cancer Society reported approximately 21,560 new esophageal cancer cases in the U.S., with 16,120 deaths from the disease, further boosting the GERD market.
1) By Drug Type: Antacids, Proton Pump Inhibitors, H2 Receptor Blocker, Pro Kinetic Agents, Dopamine Receptor Antagonist, EndoCinch, Stretta, EsophyX, Transoral Incisionless Fundoplication (TIF)
2) By Procedure: Invasive, Minimally Invasive
3) By End-Users: Hospital, Homecare, Specialty Clinics
Companies in the gastroesophageal reflux disease (GERD) market are introducing new treatment devices to remain competitive. In April 2023, Laborie Medical Technologies launched the alpHaONE wireless pH-capsule reflux testing system, designed for GERD diagnosis. This system offers up to 96 hours of monitoring, a compact design, and user-friendly features such as customizable symptom buttons and a virtual instruction program.
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Asia-Pacific was the largest region in the soft robotics market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the soft robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Gastroesophageal Reflux Disease (GERD) Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the gastroesophageal reflux disease (gerd) market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Gastroesophageal Reflux Disease (GERD) Market Include
1. Gastroesophageal Reflux Disease (GERD) Market Executive Summary
2. Gastroesophageal Reflux Disease (GERD) Market Segments
3. Gastroesophageal Reflux Disease (GERD) Market Size And Template Market Growth Rate
4. Key Gastroesophageal Reflux Disease (GERD) Market Trends
5. Major Gastroesophageal Reflux Disease (GERD) Market Drivers
……
25. Key Mergers And Acquisitions In The Gastroesophageal Reflux Disease (GERD) Market
26. Top Gastroesophageal Reflux Disease (GERD) Companies
27. Gastroesophageal Reflux Disease (GERD) Market Opportunities And Strategies
28. Gastroesophageal Reflux Disease (GERD) Market, Conclusions And Recommendations
29. Appendix
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