Gastroesophageal Reflux Disease Device Market Projected to Expand at 10.12% CAGR Through 2028

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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Strategic Takeaways from the Report:

• Market Sizing and Forecasting
• Regulatory and Policy Influence
• Competitive Trends and M&A Activity
• Innovation Drivers and Disruptive Technologies
• Investment Hotspots and Emerging Niches
• Geographical Dynamics and Trade Flows

Gastroesophageal Reflux Disease Device Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

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. Esophagoscope is an endoscope inserted through the mouth or the nares into the esophagus. It allows visualization of the esophageal mucosa from the upper esophageal sphincter to the gastric junction. On the other hand, Gastroscopes are forward-viewing endoscopes with insertion tubes designed to view the esophagus, stomach, & duodenum. With their minimally invasive nature and high-definition imaging capabilities, these devices facilitate early diagnosis, leading to better treatment outcomes, making them essential tools in the fight against GERD.

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.

These divisions help clarify demand patterns and expected shifts.

Market 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 Competitive Snapshot from 2023-2028

The report highlights established and emerging players in the global Gastroesophageal Reflux Disease Device Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

• 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.

Their activities include partnerships, product launches, and geographic expansions.

Frequently Asked Questions (FAQs):

• What industries are most impacted by this market?
• How is technology reshaping operations and offerings?
• Which competitors dominate the landscape?
• What risks could disrupt market expansion?
• How should businesses respond to demand fluctuations?

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