Gastroesophageal Reflux Disease (GERD) Devices Market Overview with Demographic Data and Industry Gr

Gastroesophageal Reflux Disease (GERD) Devices Market - Key Research Findings

1. Global gastroesophageal reflux disease devices market size in 2017 – Over US$ 970 Mn

1. The gastroesophageal reflux disease devices market will observe just-over 4% CAGR over 2018-2028

1. According to World Gastroenterology Organization,

• There are reported differences in the prevalence of gastroesophageal reflux disease, ranging from 2.5% to 6.6% in Asia up to 13.8% to 25.8% in North America.

1. North America will remain the largest regional markets for gastroesophageal reflux disease devices

• Gastroesophageal reflux disease (GERD) is the most prevalent gastrointestinal disease in the US as the rate of obesity is very high.

• The high rate of obesity in the US is one of the major factors contributing to the growth of gastroesophageal reflux disease devices market within North America.

1. Asia Pacific holds high growth potential for gastroesophageal reflux disease devices market

• Increasing healthcare awareness and increasing establishments of diagnostic centres and hospitals prominently fuel the growth of gastroesophageal reflux disease devices market within APAC.

1. By product type, esophagoscopes and gastroscopes, hold the maximum market share in the gastroesophageal reflux disease devices market.

1. The diagnostic devices as a segment of gastroesophageal reflux disease devices market covers esophageal manometry system and PH monitoring device.

2. The treatment devices, which is another key segment of gastroesophageal reflux disease devices market, cover ultrasonic surgical endostapler, fundoplication gastroesophageal reflux disease devices, sphincter augmentation gastroesophageal reflux disease devices, and radiofrequency ablation gastroesophageal reflux disease devices.

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Top 3 Factors Shaping Gastroesophageal Reflux Disease Devices Market

• Increasing Prevalence of Abdominal Obesity Continues to Drive Demand for Gastroesophageal Reflux Disease Devices Market

The increasing prevalence of gastroesophageal reflux disease is correlated with the increasing prevalence of obesity in many countries and presence of other poor diet and lifestyle factors. This increases the demand of gastroesophageal reflux disease devices. The difference in the prevalence of gastroesophageal reflux does not depend on the gender, but males are expected to face a higher rate of complications, associated with the disease. The prevalence or gastroesophageal generally increases with age, particularly after age 40.

• Increasing Geriatric Population Remains among Primary Boosters for Growth of Gastroesophageal Reflux Disease Devices Market

Esophagus malfunctioning in the geriatric population is associated with the disturbances associated with esophageal motility and a decreased production of saliva. Increasing geriatric population will thus remain an important factor driving the gastroesophageal reflux disease devices market. Some of the frequently consumed medications such as bisphosphonates, non-steroidal anti-inflammatory drugs (NSAIDs), and potassium tablets often affect the esophageal motility and the lower esophageal sphincter’s functionality, which in turn is responsible for demand growth of of gastroesophageal reflux disease devices.

• Sedentary Lifestyle Shift Continues to Push Demand for Gastroesophageal Reflux Diseases Devices

Several environmental factors and the prominent lifestyle evolution to sedentary habits such as a high dietary fat intake, shorter dinner-to-bed time, and frequent smoking and alcohol consumption have been proven as the high risk factors associated with the prevalence of gastroesophageal reflux diseases. Lack of adequate physical activity, coupled with increasing body mass index and obesity, are likely to continue fueling the instances of gastroesophageal reflux diseases, thereby generating demand for GERD devices.

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Gastroesophageal Reflux Disease Devices Market Structure Analysis

• The global gastroesophageal reflux disease devices market represents a consolidated competition landscape, wherein Tier 1 companies hold more than 70% revenue share.

• Top companies in the gastroesophageal reflux disease devices market include Olympus Corporation, Pentax Medical, KARL STORZ SE & Co KG., Medtronic Plc, and Fujifilm Holdings Corporation.

• While most of the key players maintain strategic focus on the partnerships with other companies and also distribution expansion of various products in different geographies.

• Leading players in gastroesophageal reflux disease devices market are also concentrating on technological innovation for the better treatment of gastroesophageal reflux diseases.

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