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Gastrointestinal Devices Global Market Report 2023

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    Report

  • 250 Pages
  • February 2023
  • Region: Global
  • The Business Research Company
  • ID: 5733970
UP TO OFF until Dec 31st 2023

Quick Summary:

Driven by the increasing prevalence of gastrointestinal diseases worldwide, the global gastrointestinal devices market is set to experience significant growth. From infrastructural expansions in health care settings, to the advancing technology, the opportunities in this market are abundant and diverse.

The report encompasses critical insights pertaining to the key players in the market, and the state of major regions in the market including North America and the Asia-Pacific. Analyzing sales of various gastrointestinal devices such as GI videoscopes, biopsy devices, and endoscopic retrograde cholangiopancreatography devices, among others, this comprehensive report will provide invaluable market intelligence to guide strategic decision making. Understanding trends and opportunities in this complex market has never been easier. The gastrointestinal devices market research report is your comprehensive guide to navigating the shifts in the industry, allowing you to make informed, strategic decisions that drive growth and competitiveness.

The global gastrointestinal devices market is expected to grow from $9.35 billion in 2021 to $10.05 billion in 2022 at a compound annual growth rate (CAGR) of 7.5%. 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, causing inflation across goods and services effecting many markets across the globe. The gastrointestinal devices market is expected to grow to $12.72 billion in 2026 at a CAGR of 6.1%.

The gastrointestinal devices market consists of sales of instruments such as gastroscope, enteroscope, and ultrasound endoscope. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Gastrointestinal devices are used for the diagnosis and treatment of medical conditions related to the digestive system or the gastrointestinal tract.

North America was the largest region in the gastrointestinal devices market in 2022. Asia Pacific was the second largest region in the gastrointestinal devices market. The regions covered in the gastrointestinal devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main product types of gastrointestinal devices are GI videoscopes, biopsy devices, endoscopic retrograde cholangiopancreatography devices (ERCP), capsule endoscopy, endoscopic ultrasound, and endoscopic mucosal resection (EMR), hemostasis devices, and others. Endoscopic retrograde cholangiopancreatography or ERCP refers to a process of diagnosing and treating problems in the liver, gallbladder, bile ducts, and pancreas. The various sales channel are online retailing, medical stores, and brand outlets. These are used in hospitals, clinics and dialysis centres, and ambulatory surgical centres.

The increasing prevalence of gastrointestinal diseases contributed to the growth of the gastrointestinal devices market. Gastrointestinal diseases include irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer, among others. According to the Endoscopy Centre, every year, 62 million Americans are diagnosed with any of the digestive disease, and 2% to 6% or an estimated three lakhs to 5 lakhs Americans suffer from inflammatory bowel disease (IBD). According to the American College of Gastroenterology estimates, 10-15% of the adult population in the USA suffer from irritable bowel syndrome (IBS) symptoms. The increased prevalence of gastrointestinal diseases increased the demand for gastrointestinal devices to treat patients, thereby driving the market growth.

High healthcare costs for treating gastrointestinal disease restrain the gastrointestinal devices market. According to the NEJM Journal Watch, a sister publication of the New England Journal of Medicine, the overall healthcare expenditure for the gastrointestinal disease is around $136 billion annually, which is more than heart disease healthcare expenditure ($113 billion), trauma expenditure ($103 billion), mental health expenditure ($99 billion), indicating the high expenses involved in treating gastrointestinal disease. Moreover, a database analysis by American Gastroenterological Association states that patients with inflammatory bowel diseases (IBDs), chronic liver diseases (CLDs), functional gastrointestinal disorders (FGIDs), gastrointestinal hemorrhage are hospitalized at least once and are high-need and high-cost patients contributing disproportionately to hospitalization costs. In this context, they are the ones who are accessing inpatient services and need immense care due to functional limitations increasing the expenditure. The high healthcare expenditure for gastrointestinal disease forces the majority population to refrain from receiving treatment in non-emergency cases, which negatively impacts the growth of the gastrointestinal devices market.

Single-use disposable endcap of duodenoscope is increasingly being used to prevent contamination during endoscopic retrograde cholangiopancreatography (ERCP) procedures. Single-use disposable cap controls the infection and preserves the duodenoscope optics. The USFDA recommended that hospitals and clinics shift from reusable duodenoscopes to disposable parts duodenoscopes. The USFDA also approved the duodenoscope model featuring the disposable parts such as the Olympus TJF-Q190V Duodenoscope in January 2020 and Ambu® aScope™ Duodenoscope in July 2020. Olympus TJF-Q190V duodenoscope is used to perform the ERCP procedure with less risk of contamination due to the disposable distal endcap.

For instance, in 2020, Olympus Corporation has announced the acquisition of Arc Medical Design Limited (Arc Medical Design), a subsidiary of Norgine B.V. This acquisition helps Olympus’ commitment to enlarging its offering in gastrointestinal therapeutic devices and the improvement of advanced colonoscopy tools. Norgine is a European-based specialist pharmaceutical company that has been bringing transformative medicines to patients for over a century.

The countries covered in the gastrointestinal devices market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The gastrointestinal devices market research report is one of a series of new reports that provides gastrointestinal devices market statistics, including gastrointestinal devices industry global market size, regional shares, competitors with a gastrointestinal devices market share, detailed gastrointestinal devices market segments, market trends and opportunities, and any further data you may need to thrive in the gastrointestinal devices industry. This gastrointestinal devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major players in the gastrointestinal devices market are Boston Scientific, Medtronic, Fujifilm Holdings Corporation, CONMED Corporation, Stryker Corporation, Johnson and Johnson, Olympus, Cook Group, Becton, Dickinson, and Company, and B. Braun Melsungen.



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Frequently Asked Questions about the Global Gastrointestinal Devices Market

What is the estimated value of the Global Gastrointestinal Devices Market?

The Global Gastrointestinal Devices Market was estimated to be valued at $10.05 billion in 2022.

What is the growth rate of the Global Gastrointestinal Devices Market?

The growth rate of the Global Gastrointestinal Devices Market is 6.1%, with an estimated value of $12.72 billion by 2026.

What is the forecasted size of the Global Gastrointestinal Devices Market?

The Global Gastrointestinal Devices Market is estimated to be worth $12.72 billion by 2026.

Who are the key companies in the Global Gastrointestinal Devices Market?

Key companies in the Global Gastrointestinal Devices Market include Boston Scientific, Medtronic, Fujifilm Holdings Corporation, CONMED Corporation, Stryker Corporation, Johnson and Johnson, Olympus, Cook Group, Becton, Dickinson and Company and B. Braun Melsungen.

Table of Contents

1. Executive Summary

2. Gastrointestinal Devices Market Characteristics

3. Gastrointestinal Devices Market Trends And Strategies

4. Gastrointestinal Devices Market - Macro Economic Scenario
4.1 COVID-19 Impact On Gastrointestinal Devices Market
4.2 Ukraine-Russia War Impact On Gastrointestinal Devices Market
4.3 Impact Of High Inflation On Gastrointestinal Devices Market

5. Gastrointestinal Devices Market Size And Growth
5.1. Global Gastrointestinal Devices Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Gastrointestinal Devices Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Gastrointestinal Devices Market Segmentation
6.1. Global Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • GI Videoscopes
  • Biopsy Devices
  • Endoscopic Retrograde Cholangiopancreatography Devices (ERCP)
  • Capsule Endoscopy
  • Endoscopic Ultrasound
  • Endoscopic Mucosal Resection (EMR)
  • Hemostasis Devices
  • Other Product Types
6.2. Global Gastrointestinal Devices Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Hospitals
  • Clinics & Dialysis Centers
  • Ambulatory Surgical Center
6.3. Global Gastrointestinal Devices Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Online Retailing
  • Medical Stores & Brand Outlet
7. Gastrointestinal Devices Market Regional And Country Analysis
7.1. Global Gastrointestinal Devices Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Gastrointestinal Devices Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Gastrointestinal Devices Market
8.1. Asia-Pacific Gastrointestinal Devices Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Gastrointestinal Devices Market
9.1. China Gastrointestinal Devices Market Overview
9.2. China Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Gastrointestinal Devices Market
10.1. India Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Gastrointestinal Devices Market
11.1. Japan Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Gastrointestinal Devices Market
12.1. Australia Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Gastrointestinal Devices Market
13.1. Indonesia Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Gastrointestinal Devices Market
14.1. South Korea Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Gastrointestinal Devices Market
15.1. Western Europe Gastrointestinal Devices Market Overview
15.2. Western Europe Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Gastrointestinal Devices Market
16.1. UK Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Gastrointestinal Devices Market
17.1. Germany Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Gastrointestinal Devices Market
18.1. France Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Gastrointestinal Devices Market
19.1. Eastern Europe Gastrointestinal Devices Market Overview
19.2. Eastern Europe Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Gastrointestinal Devices Market
20.1. Russia Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Gastrointestinal Devices Market
21.1. North America Gastrointestinal Devices Market Overview
21.2. North America Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Gastrointestinal Devices Market
22.1. USA Gastrointestinal Devices Market Overview
22.2. USA Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Gastrointestinal Devices Market
23.1. South America Gastrointestinal Devices Market Overview
23.2. South America Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Gastrointestinal Devices Market
24.1. Brazil Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Gastrointestinal Devices Market
25.1. Middle East Gastrointestinal Devices Market Overview
25.2. Middle East Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Gastrointestinal Devices Market
26.1. Africa Gastrointestinal Devices Market Overview
26.2. Africa Gastrointestinal Devices Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Gastrointestinal Devices Market Competitive Landscape And Company Profiles
27.1. Gastrointestinal Devices Market Competitive Landscape
27.2. Gastrointestinal Devices Market Company Profiles
27.2.1. Boston Scientific
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Medtronic
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Fujifilm Holdings Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. CONMED Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Stryker Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Gastrointestinal Devices Market

29. Gastrointestinal Devices Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Gastrointestinal Devices Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on gastrointestinal devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for gastrointestinal devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gastrointestinal devices market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered

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 End Users: Hospitals; Clinics & Dialysis Centers; Ambulatory Surgical Center
3) By Sales Channel: Online Retailing; Medical Stores & Brand Outlet

Companies Mentioned: Boston Scientific; Medtronic; Fujifilm Holdings Corporation; CONMED Corporation; Stryker Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Boston Scientific
  • Medtronic
  • Fujifilm Holdings Corporation
  • CONMED Corporation
  • Stryker Corporation
  • Johnson and Johnson
  • Olympus
  • Cook Group
  • Becton, Dickinson and Company
  • B. Braun Melsungen
  • ETHICON
  • Karl Storz
  • Congentix Medical
  • US Endoscopy
  • PENTAX Medical

Methodology

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