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Growth Factors of Gastroesophageal Reflux Disease (GERD) Devices market size (Report 2019-2027) – Growing CAGR 3.7%

February 8, 2020 GMT

Sanjose, CA USA, Feb 08, 2020 (Wired Release) Credence Research The market for GERD Devices  was valued at US$ 893.7 in 2018, with CAGR expected to grow by 3.7% over the forecast period from 2019 to 2027. The global market for GERD devices has increased competently from 2019 to 2027 due to an increase in lifestyle diseases, an increase in obesity rates in developed countries, the launch FDA approval of new devices and scopes. In addition, increased diagnostic procedures, along with endoscopy, will further boost revenue growth. Esophy X, Linx, and Endocinch endoluminal gastroplication are few globally applied invasive methods. Non-invasive procedures currently used in specialty clinics, e.g. Stretta technique. Barium esophagram, esophagogastroduodenoscopy, and manometry used for the diagnosis of GERD. The growing aging population in developed countries, mainly in the U.S. and Western Europe, with increased lifestyle disorders, will drive the market globally.

Gastroscopes and esophagoscopes generated global maximum revenue in the product segment. Increased demand in diagnostic centers will drive growth in the market. North America (USA) will be GERDs leading regional markets. According to studies conducted by the World Gastroenterology Organization, the prevalence of GERD in Asia Pacific is high, ranging from 13.0 to 25 per cent and from 2 to 6.0 per cent. The rising rate of obesity in the United States is one of the key factors driving growth in North America. In addition, high rates of heartburn symptoms, morning hoarseness, acid reflux, difficulty swallowing, chest pain and dry cough in the adult population will lead to the need for GERD treatment.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction to the Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also included]

The global GERD market is driven by an increasing prevalence of chronic disorders and lifestyle diseases. The high cost of medical devices, the cost of routine diagnostics and the lower penetration of GERD devices in developing countries are one of the key factors restricting 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.

Device manufacturers have increased their applications globally, mainly in diagnostic centers and the hospital industry; small device manufacturers are also increasing their capacity with low-cost services in Asian countries, South America and Europe. Advances in transoral incisionless fundoplication (TIF) procedures, radiofrequency thermal ablation, LINX ® reflux management system and other surgical techniques will increase market growth during the forecast period. Factors driving market growth include increased medical tourism, partnerships with medical technology companies, the launch of new GERD devices and US FDA approvals, increased awareness of GERD conditions and new technology expansion in emerging countries.

Browse Full Report Originally Published by Credence Research at:  https://www.credenceresearch.com/report/gastroesophageal-reflux-disease-gerd-devices-market

Geographic Coverage

North America Gastroesophageal Reflux Disease (GERD) Devices Market Revenue and Forecast

Europe Gastroesophageal Reflux Disease (GERD) Devices Market Revenue and Forecast

Asia Pacific Gastroesophageal Reflux Disease (GERD) Devices Market Revenue and Forecast

Latin America Gastroesophageal Reflux Disease (GERD) Devices Market Revenue and Forecast

Middle East and Africa Gastroesophageal Reflux Disease (GERD) Devices Market Revenue and Forecast

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.
Others

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Key questions answered in this report

What are the current market trends and dynamics in the GERD devices market and valuable opportunities for emerging players?

Which segment accounts for the fastest CAGR during the forecast period?

Which product type segment holds a larger market share and why?

Are low and middle-income economies investing in the GERD devices market?

What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East Africa?

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ToC:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I Secondary Research
1.3.2. Phase II Primary Research
1.3.3. Phase III Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Gastroesophageal Reflux Disease (GERD) Devices Market
2.2. Global GERD Devices Market, by Product Type, 2018 (US$ Mn)
2.3. Global GERD Devices Market, by Procedure Type, 2018 (US$ Mn)
2.4. Global GERD Devices Market, End User, 2018 (US$ Mn)
2.5. Global GERD Devices Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
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)
4.1. Overview
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)
5.1. Cardiology
5.2. Diagnostic Procedures
5.3. Fundoplication Procedures
5.4. Radiofrequency Thermal Ablation
5.5. Magnetic Sphincter Augmentation

continued

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