DUBLIN--(BUSINESS WIRE)--The "Global GERD Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027" report has been added to ResearchAndMarkets.com's offering.
The GERD Devices market was valued at US$ 893.7in 2018, expected to grow at a CAGR of 3.7% during the forecast period from 2019 to 2027.
The global GERD devices market is increasing competently from 2019 to 2027 attributed to the rise of lifestyle diseases, increasing obesity rate in the developed nations, launch & FDA approval of new devices and scopes. Additionally, increased diagnostic procedures along with endoscopy will further spur revenue growth. Esophy X, Linx, and Endocinch endoluminal gastroplication are few invasive methods applied globally. Noninvasive procedures utilized nowadays in the specialty clinics, for e.g. Stretta technique.
Gastroscopes and esophagoscopes generated maximum revenue in the product segment globally. Increased demand in the diagnostic centers will drive market growth. North America (the U.S) will be the leading regional market for GERD. As per studies by the World Gastroenterology Organization, the prevalence of GERD is high, ranging from 13.0 to 25% and 2 to 6.0% in the Asia Pacific region. The increasing rate of obesity in the United States is one of the key factors driving growth in North America. Additionally, high rates for heartburn symptoms, morning hoarseness, acid reflux, difficulty swallowing, pain in the chest and dry cough in the adult population will drive the need for GERD treatment.
The global GERD market is driven by the rising prevalence of chronic disorders and everyday lifestyle diseases. The high cost of medical devices, cost of routine diagnosis, and less penetration of GERD devices in the developing nations are some of the key factors restraining the overall market growth. Asia Pacific region will show significant growth (mainly India, China, Japan, and Australia) along with improved medical infrastructure and a large pool of adult population with GERD and other reflux related conditions.
Key Market Movements:
- Globally, the global market is growing at a CAGR of 3.7% for the period from 2019 to 2027
- The evident growth factors include increasing prevalence of GERD in the U.S. (prevalence rate is high,7-25%), FDA approval, growing elderly population, and enhanced public awareness related to GERD and other lifestyle diseases
- Market restrictions include high cost of devices and overall treatment, less adoption of GERD devices, unstructured medical coverage for surgical procedures, and less awareness in the overall global GERD devices market
List of Companies Covered:
- Olympus Corporation
- Mederi RF, Inc.
- Medtronic Plc.
- Diversatek Inc
- EndoGastric Solutions
- Pentax Medical
- Torax Medical, Inc.
- Medigus Ltd.
- C.R. Bard, Inc.
Key Topics Covered:
2. Executive Summary
3. Market Dynamics
3.1.1. Global Gastroesophageal Reflux Disease (GERD) Devices Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Gastroesophageal Reflux Disease (GERD) Devices Market, by Product Type , 2017-2027 (US$ Mn)
4.2. Diagnostic Devices
4.2.1. Manometry System
4.2.2. PH Monitoring System
4.3. Esophagoscopes and Gastroscopes
4.4. Treatment Devices
4.4.1. Ultrasonic Surgical Endostapler
4.4.2. Fundoplication Devices
4.4.3. Sphincter Augmentation Devices
4.4.4. Radiofrequency Ablation Devices
5. Global Gastroesophageal Reflux Disease (GERD) Devices Market, by Procedure Type, 2017-2027 (US$ Mn)
5.2. Diagnostic Procedures
5.3. Fundoplication Procedures
5.4. Radiofrequency Thermal Ablation
5.5. Magnetic Sphincter Augmentation
6. Global Gastroesophageal Reflux Disease (GERD) Devices Market, By End User, 2017-2027 (US$ Mn)
6.2. Diagnostic Procedures
6.3. Ambulatory Surgical Centers
7. North America Gastroesophageal Reflux Disease (GERD) Devices Market Analysis, 2017-2027 (US$ Mn)
7.1.1. North America GERD Devices Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America GERD Devices Market Value, By Product Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America GERD Devices Market Value, By Application, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America GERD Devices Market Value, By End User, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America GERD Devices Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.3. Rest of North America
8. Europe Gastroesophageal Reflux Disease (GERD) Devices Market Analysis, 2017-2027 (US$ Mn)
9. Asia Pacific Gastroesophageal Reflux Disease (GERD) Devices Market Analysis, 2017-2027 (US$ Mn)
10. Rest of the World Gastroesophageal Reflux Disease (GERD) Devices Market Analysis, 2017-2027 (US$ Mn)
11. Company Profiles
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