Gastroenterology Devices Market Revenue was valued at USD 41.2 Billion in 2024 and is estimated to reach USD 65.4 Billion by 2033, growing at a CAGR of 6.8% from 2026 to 2033.
In 2022, the global gastroenterology devices market was valued at approximately USD 228.3 billion, with projections indicating growth to USD 680.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.5%. North America held a significant portion of this market, with the United States alone accounting for USD 11.91 billion in 2023 and expected to reach around USD 20.97 billion by 2033, growing at a CAGR of 5.9%. Europes market was valued at USD 9.25 billion in 2023, with forecasts estimating growth to USD 16.62 billion by 2033, at a CAGR of 6.1%. The Asia Pacific region is anticipated to experience the fastest growth, with its market size projected to increase from USD 7.46 billion in 2023 to USD 14.09 billion by 2033, representing a CAGR of 6.6%. In India specifically, the gastrointestinal products market was valued at USD 397.95 million in 2023 and is expected to reach USD 807.03 million by 2032, growing at a CAGR of 8.16%. The North American market benefits from advanced healthcare infrastructure, high adoption rates of innovative technologies, and substantial healthcare expenditure. Europes growth is driven by favorable reimbursement scenarios and an increasing geriatric population. The Asia Pacific regions rapid expansion is attributed to rising healthcare investments, increasing prevalence of gastrointestinal diseases, and improvements in healthcare access. In India, factors such as a growing awareness of gastrointestinal disorders, enhanced diagnostic capabilities, and a burgeoning middle class contribute to market growth. Opportunities across these regions include the development of minimally invasive devices, integration of artificial intelligence in diagnostics, and the expansion of telemedicine services, all aimed at improving patient outcomes and broadening access to gastroenterological care.
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B.Braun Melsungen AG
Boston Scientific Corporation
Cardinal Health
Covidien Ltd.(Medtronic)
Conmed Corporation
Fujifilm
Johnson & Johnson
Karl Storz GmbH & Co. KG.
Olympus Corporation
Stryker Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Gastroenterology Devices Market
Endoscopy Devices
Capsule Endoscopes
Biopsy Devices
Stenting Devices
Ultrasound Devices
Diagnostic Procedures
Therapeutic Procedures
Surgical Procedures
Cancer Treatment
Inflammatory Bowel Disease (IBD) Management
Hospitals
Ambulatory Surgical Centers
Diagnostic Laboratories
Physician Clinics
Research Institutes
Traditional Technologies
Minimally Invasive Technologies
Advanced Imaging Technologies
Robotic-Assisted Technologies
Smart Technology Solutions
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Gastroenterology Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Gastroenterology Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gastroenterology Devices Market, By Type
6. Global Gastroenterology Devices Market, By Application
7. Global Gastroenterology Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Gastroenterology Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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