Gastroesophageal Reflux Disease (GERD) Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Gastroesophageal Reflux Disease (GERD) Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : March, 2020 | Medical Devices | PPT format

Report Digest


Global Gastroesophageal Reflux Disease (GERD) Devices Market: Overview

The drive for clinical procedures and devices in the management of gastroesophageal reflux disease (GERD) stemmed from the wide prevalence of the condition. GERD-related complications have considerably affected the quality of life in patient populations in males as well as females. The prevalence in recent years has risen in North America and some parts of Asia. This has driven a promising pace of evolution of the GERD devices market. 

Availability and adoption of new therapeutic modalities by primary care providers, nurse practitioners, and gastroenterologist, have helped combat recurrent symptoms. Over the past few years, clinicians have been successful in correctly diagnosing GERD. Expanding area of ambulatory esophageal pH testing has improved endoscopic evaluation of GERD in patients, thereby bolstering the potential of the GERD devices market. 

A growing body of medical literature has expanded our understanding of the pathophysiology of the digestive disease. This plays a crucial role in developing effective GERD devices. 

Global Gastroesophageal Reflux Disease (GERD) Devices Market: Key Drivers

The GERD devices market has seen a consistent force of evolution from the growing numbers of risk factors of the GERD in populations. A key risk factor is obesity. Other risk factors are scleroderma and certain medications, notably bisphosphonates, calcium channel blockers, and NSAIDs. Exposure of nicotine from cigarette smoking is also a prominent factor. Of particular concern is central obesity, which might lead to one of the most severe complications—Barrett’s esophagus. 

Growing numbers of patients with obesity-related comorbidities is also bolstering the prospective demand for GERD devices that can be used in bariatric procedures. The symptoms seemingly become more intense with aging. Thus, rapidly aging populations in developing and developed countries is boosting the prospects of the GERD devices market. 

Over the past few years, emerging economies have witnessed a continuous mechanization of lifestyles. The adoption of sedentary lifestyle in such populations has increased the risk factors of GERD generally. The GERD devices market has also benefitted from growing number of transoral incisionless fundoplication 

Global Gastroesophageal Reflux Disease (GERD) Devices Market: Notable Developments

In recent years, substantial advances have been made in identifying the best candidates for surgical fundoplication and other surgical techniques. Growing number of clinical trials has helped improve the outcome of antireflux surgeries, albeit in short term. A recent research by a device maker is aimed at improving the outcome of incisionless approach to fundoplication to rectify the cause of GERD. The clinical data reveals encouraging results in surgical treatment of GERD, thereby boosting the GERD devices market. 

EndoGastric Solutions, Inc., a U.S.-based company, has disclosed clinical data that bode well for evidence-based, incisionless surgical technology for treating GERD. The data show that both hiatal hernia (HH) repair and the transoral incisionless fundoplication (TIF) when performed through its device, EsophyX, leads to an effective treatment. The data underscores the effectiveness of this concomitant approach in the GERD devices market. The study is unique, contends the company, as it involved largest patient cohort with highest follow-up time in evaluating new approaches in HH+TIF. 

Studies such as these offer significant impetus to the uptake of new devices in developed GERD devices markets. This has also opened new approaches in the global GERD devices market especially for patients in primary care and community health care settings world over. 

Some of the prominent players in the GERD devices market are PENTAX Medical, KARL STORZ SE & Co. KG, Olympus Corporation, Medtronic Plc., Torax Medical, Inc., MediGus Ltd., and Medtronic Plc. 

Global Gastroesophageal Reflux Disease (GERD) Devices Market: Regional Assessment

On the global front, North America has remained as one of the most lucrative markets in the global GERD devices market. High incidence of obesity-driven GERD and innovations in medical devices in GERD treatments are factors that have helped cement the potential of the North America GERD devices market. On the other hand, Asia Pacific has been witnessing some promising avenues, underpinned by rising healthcare awareness. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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