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 : November, 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. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?