Gastroesophageal Reflux Disease Device Market Demand, Drivers and Opportunities 2023-2028

Markntel Advisors’ report, Gastroesophageal Reflux Disease Device Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Gastroesophageal Reflux Disease Device presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Gastroesophageal Reflux Disease Device Market Research Report & Market Summary:

The Global Gastroesophageal Reflux Disease Device Market is projected to grow at a CAGR of around 10.12% % during the forecast period, i.e., 2023-28. The market growth would be driven mainly by the increasing prevalence of gastrointestinal disorders worldwide due to poor lifestyles & unhealthy dietary habits, esophagus malfunctioning in the globally rising geriatric population, massive R&D investments in finding effective GERD treatments, and an increasing number of clinical trials. Over the years, numerous researchers have shed light on the chronic & progressive nature of GERD, highlighting the need for its effective management & therapy.

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Gastroesophageal Reflux Disease Device Market Dynamics:

Key Driver-

The Alarming Global Burden of GERD: The rising prevalence of gastroesophageal reflux diseases & other gastrointestinal disorders, owing to environmental factors, sedentary habits like excessive fat intake as well as frequent smoking & alcohol consumption, and reduced physical activity, has instigated medical device manufacturers to develop more advanced & effective GERD treatment devices to help patients improve their quality of life. As a result, substantial investments are being made in developing such devices, coupled with the increasing number of clinical trials, which are driving the Gastroesophageal Reflux Disease Devices Market.

Gastroesophageal Reflux Disease Device Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Product Type

• Diagnostic Device
  • Monometry System
  • PH Monitoring System
• Esophagoscopes and Gastroscopes
• Treatment Devices
  • Ultrasonic Surgical Endostapler
  • Fundoplication Devices
  • Sphincter Augmentation Devices
  • Radio Frequency Ablation Devices

Of them all, esophagoscopes & gastroscopes hold a prominent share of the Global Gastroesophageal Reflux Disease Device Market. The surging prevalence of gastrointestinal bleeding, gastrointestinal disorders, stomach cancer, etc., creates the need for endoscopy procedures and, in turn, push the adoption of esophagoscopes & gastroscopes.

By Procedure Type

• Diagnostic Procedures
• Fundoplication Procedure
• Radiofrequency Thermal Ablation
• Magnetic Sphincter Augmentation

By End User

• Hospital
• Diagnostic Center
• Ambulatory Surgical Centers

By Device Type

• MUSE- Medigus Ultrasonic Surgical Endostapler
• LINX Management System
• Stretta Therapy
• Bravo Reflux Testing System
• Digitapper Reflux Testing System
• Others

Here, MUSE (Medigus Ultrasonic Surgical Endostapler) has emerged as a prominent device for GERD treatment due to its numerous advantages over traditional laparoscopic procedures. It is designed as a single-use, flexible, transoral stapler equipped with an ultrasonic sight, range finder, and micro camera. These features enable a single physician to perform TIF (Transoral Incisionless Fundoplication) procedure to treat the anatomical cause of GERD.

By Region

• North America
• Latin America
• Europe
• Middle East and Africa
• Asia-Pacific.

Of all regions globally, North America held the largest share of the Gastroesophageal Reflux Disease Device Market in 2022. This dominance was backed by the increased adoption of GERD therapeutic drugs & devices due to the substantial number of GERD cases across the region.

As indicated in the latest market research report published by Markntel Advisors, “Gastroesophageal Reflux Disease Device Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Gastroesophageal Reflux Disease Device industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/global-gastroesophageal-reflux-disease-device-market.html

Top Companies Operating in the Gastroesophageal Reflux Disease Device Market:

• Torax Medical, Inc.
• Pentax Medical
• Medtronics Plc
• MediGus Limited
• Essai Co, Ltd.
• Medari Theraputics Inc.
• Takeda Pharmaceuticals Co. Ltd.
• Johnson & Johnson Services Inc.
• Olympus Corporation
• Diversatek, Inc.

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Key Report Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the geography?
4. How has the industry been evolving in terms of geography & Gastroesophageal Reflux Disease Device Market adoption?
5. How has the competition been shaping up across the geography?

6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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