Gastrointestinal Devices Market Trends, Size, Share | Global Industry Outlook and Statistics, Segmentation and Forecast to 2027

Global Gastrointestinal Devices Market

The global Gastrointestinal Devices Market is forecast to reach USD 13.54 Billion by 2027, according to a new report by Reports and Data. The gastroenterology is the branch of medical science pertaining to the health of the digestive system, or the gastrointestinal (GI) tract. The gastrointestinal devices include all the equipment involved in the gastrointestinal procedures, diagnosis, treatment, analysis, testing, and others. Rising incidences of geriatric and pediatric gastroenterological disorders are some of the key reasons the market penetration for the gastrointestinal devices for the gastrointestinal procurement procedures and treatments are increasing year on year. Improving healthcare facilities in the developing regions are effectively helping in the market growth. Medical stores & brand outlet is dominating the market but a higher growth rate has been forecasted for the online retailing sub-segment.

The report offers the latest impact of the COVID-19 crisis on the industry verticals. COVID-19 began in 2019 and has since then affected every country of the world, with the WHO declaring it as a public health emergency. The pandemic has brought dynamic changes in the industry as it has affected the supply chain, demands, trends, and overall market scenario. The report offers an initial and future impact assessment of the pandemic on key segments of the industry and offers revenue information in the post-pandemic scenario.

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The report is an engaging document that provides vital statistical information about the market in terms of dales, revenue, market share, and market size with regards to product types, application spectrum, regional bifurcation, leading players, and technological advancements.

A comprehensive analysis of the competitive landscape is offered in the report along with a study of the company profiles, product portfolio, manufacturing and production capacity, technological developments, R&D advancements, and strategic initiatives of the prominent players of the industry. Prominent players operating in the industry and profiled in the report include Covidien Ltd, Boston Scientific Corporation, Johnson & Johnson, CONMED Corporation, Stryker Corporation, Fujifilm Holdings Corporation, Becton, Dickinson and Company, B. Braun Melsungen AG, Medtronic PLC, and Cook Group Incorporated.

The Global Gastrointestinal Devices Market is segmented as follows:

Devices Type Outlook (Revenue, USD Billion; 2016-2027)

GI Videoscopes, Biopsy Devices

Endoscopic Retrograde Cholangiopancreatography Devices (ERCP)

Capsule Endoscopy, Endoscopic Ultrasound, Endoscopic Mucosal Resection (EMR), Hemostasis Devices, Others

Sales Channel Outlook (Revenue, USD Billion; 2016-2027)

Online Retailing, Medical Stores & Brand Outlet

End-Users Outlook (Revenue, USD Billion; 2016-2027)

Hospitals, Clinics & Dialysis Centers, Ambulatory Surgical Center, Others

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The report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market. The report also covers value chain analysis, market share, market size, CAGR, sales and revenue, import/export, the scope of the market, growth prospects, and other key factors. The report offers a regional analysis that covers key geographies such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report applies advanced analytical tools such as SWOT analysis, Porter’s Five Forces analysis, along with feasibility analysis and investment return analysis. It also offers strategic recommendations to new entrants as well as established companies about market barriers. It also offers insights into futuristic business opportunities, market scope, threats, and obstacles, to enable fruitful business decision-making process.

Furthermore, the report renders a complete analysis of the Gastrointestinal Devices market that allows readers to formulate profitable and lucrative business strategies by offering insights into the competitive landscape, crucial market details, growth prospects, regional rules and regulations, and other key factors.

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