LONDON, Sept. 23, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the gastrointestinal bleeding treatment devices market, the market consists of sales of gastrointestinal bleeding treatment devices and equipment for gastrointestinal bleeding. Gastrointestinal (GI) bleeding is a sign of an illness in which the gastrointestinal system bleeds. The bleeding could occur anywhere in the gastrointestinal system, including the large intestine, anus, esophagus, small intestine, rectum, and stomach. This GI bleeding can be caused by hemorrhoids, peptic ulcers, tears or inflammation in the esophagus, diverticulosis and diverticulitis, ulcerative colitis and Crohn’s disease, colonic polyps, or cancer in the colon, stomach, or esophagus.
The global gastrointestinal bleeding treatment devices market size is expected to grow from $682.30 million in 2020 to $722.37 million in 2021 at a compound annual growth rate (CAGR) of 5.9%. The growth in the GI bleeding treatment market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The GI bleeding treatment devices market is expected to reach $889.11 million in 2025 at a CAGR of 5.3%.
The main type of products used in the gastrointestinal bleeding treatment market are endoscopic mechanical devices, endoscopic thermal devices, and others. Endoscopic mechanical devices are used in the management of GI arterial bleeding. These include hemostatic clips, also known as through-the-scope (TTS) clips, endoscopic detachable snare ligation (EDSL) devices, endoscopic suturing, over-the-scope clips (OTSC) and will be reviewed for their technology use and clinical application. The gastrointestinal bleeding treatment devices market is also segmented by GI tract division into the lower GI tract and upper GI tract and is used in hospitals or clinics, ambulatory surgical centers, others.
The Business Research Company’s report titled Gastrointestinal Bleeding Treatment Devices Global Market Report 2021 – By Product (Endoscopic Thermal Devices), By GI Tract Division (Upper GI Tract, Lower GI Tract), By End User (Hospitals Or Clinics, Ambulatory Surgical Centers), COVID-19 Growth And Change covers major gastrointestinal bleeding treatment devices companies, gastrointestinal bleeding treatment devices market share by company, gastrointestinal bleeding treatment devices manufacturers, gastrointestinal bleeding treatment devices market size, and gastrointestinal bleeding treatment devices market forecasts. The report also covers the global gastrointestinal bleeding treatment devices market and its segments.
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In January 2021, Olympus Corporation, a Japan-based company offering solutions for effective treatment of gastrointestinal bleeding, announced a collaboration with Hitachi Ltd for a five-year period. Hitachi Ltd is a Japanese multinational conglomerate company offering gastrointestinal diagnoses solutions. Under this collaboration, the companies will work together to develop Endoscopic Ultrasound Systems (EUS), which are used to treat digestive diseases and assess the stage of cancer in the bronchus, liver, pancreas as well as in minimally invasive care, thereby contributing to medical treatment.
Major players in the gastrointestinal bleeding treatment devices industry are CONMED, Boston Scientific Corporation, US Medical Innovations, Ovesco Endoscopy AG, Olympus Corporation, Cook Medical, Erbe Elektromedizin GmbH, Steris Plc, and Pfizer Inc.
North America was the largest region in the gastrointestinal bleeding treatment devices market in 2020. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gastrointestinal bleeding treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Gastrointestinal Bleeding Treatment Devices Global Market Report 2021 – COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports By The Business Research Company:
Gastrointestinal Devices Global Market Report 2021 – By Product Type (GI Videoscopes, Biopsy Devices, Endoscopic Retrograde Cholangiopancreatography Devices (ERCP), Capsule Endoscopy, Endoscopic Ultrasound, Endoscopic Mucosal Resection (EMR), Hemostasis Devices), By End Users (Hospitals, Clinics & Dialysis Centers, Ambulatory Surgical Centers), By Sales Channel (Online Retailing, Medical Stores & Brand Outlets), COVID-19 Growth And Change
Gastrointestinal Drugs Global Market Report 2021 – By Type (Antacids, Antiulcerants, Vitamin And Minerals, Antiobesity, Antiemetics And Antinauseants, Antidiarrheals), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others), By Route Of Administration (Oral, Parenteral, Others), By Drug Classification (Branded Drugs, Generic Drugs), By Mode Of Purchase (Prescription-Based Drugs, Over-The-Counter Drugs), COVID-19 Impact And Recovery
Endoscopy Devices And Equipment Market – By Product (Endoscope, Endoscopy Operative Devices, Endoscopy Visualization Systems), By Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urologyendoscopy, Neuroendoscopy, Gastrointestinal endoscopy, Obstetrics/gynecology endoscopy, ENT endoscopy), By End User (Hospitals, Clinics) And By Region, Opportunities And Strategies – Global Forecast To 2030
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