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

  • Single User License $3500

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

Status : March, 2023 | Medical Devices

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?