Gastrointestinal devices market is expected to increase at a 6.7 percent annual rate from 2019 to 2027

In terms of value, the gastrointestinal devices market is expected to increase at a 6.7 percent annual rate from 2019 to 2027, reaching USD 13.54 billion. The branch of medicine known as gastroenterology deals with the health of the digestive system, also known as the gastrointestinal (GI) tract. The gastrointestinal devices category includes all equipment used in gastrointestinal procedures, such as diagnosis, treatment, analysis, and testing. Hepatology, transplantation, gastrointestinal cancer, pancreatic illness, chronic digestive inflammation, and reflux esophagitis, to name a few, are some of the most frequent gastrointestinal ailments that necessitate the gastrointestinal devices for treatment and procedures.



The global gastrointestinal devices market is expanding at a rapid rate, owing to an increase in the number of gastrointestinal patients around the world. Geriatric and juvenile gastroenterological problems are on the rise, which is one of the main reasons the market for gastrointestinal devices for gastrointestinal procurement operations and treatments is growing year after year. Improving healthcare facilities in emerging countries has a significant impact on market growth. The rapid expansion of this market is likely to be fueled by growing awareness about healthcare and wellbeing, changing gastrointestinal disease patterns, government patronage, and increasing quantities of gastroenterological healthcare services. Due to the incorporation and deployment of the greatest number of gastrointestinal devices in hospitals, the hospitals sector leads the market among end-users. The market is dominated by medical shops and brand outlets, but the online retailing sub-segment is expected to rise at a faster rate.

In 2018, North America had the biggest market share in the gastrointestinal gadgets market, with over 34.4 percent. Increased incidences of elderly gastroenterological illnesses and rising healthcare expenditures are driving the North American market.APAC is growing at the fastest CAGR of 9.0 percent throughout the forecast period, owing to a record number of patients with gastrointestinal disorders such as gastroesophageal reflux disease and colon cancer, as well as a dramatic increase in the number of multispecialty healthcare centres in the region. China, India, and Japan are three of the Asia Pacific region's most important contributors.

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