Market Research Report

Global Gastroesophageal Reflux Disease Device Market Research Report: Forecast (2023-2028)

By Product Type (Diagnostic Device, Esophagoscopes and Gastroscopes, Treatment Devices), 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), By Region (North America, Latin America, Europe, Middle East and Africa, Asia-Pacific), By Company (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) Read more

  • Healthcare
  • Aug 2023
  • 187
  • PDF, Excel, PPT

Market Definition

Gastroesophageal reflux disease (GERD) is a digestive disorder that affects the muscle ring between the esophagus & stomach and occurs when stomach acid flows back into the esophagus. This acid reflux irritates the lining of the esophagus. Most people experience moderate to severe acid reflux from time to time. While some can manage the discomfort of GERD with OTC (over-the-counter) medications, many require more potent medications or surgery to ease symptoms.

Market Insights & Analysis: Global Gastroesophageal Reflux Disease Device Market (2023-28)

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.

  • According to a September 2022 journal titled, Trends in Gastroesophageal Reflux Disease Research, published by the National Library of Medicine, Gastroesophageal Reflux Disease (GERD) is a persistent and recurring condition that affects approximately 33% of the global population. It is estimated that up to 40% of the US population report GERD symptoms monthly and 20% weekly.
Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 10.12%
Regions Covered North America: USA, Canada
Europe: France, Germany, Italy, United Kingdom, Sweden, Switzerland
Asia-Pacific: China, India, Japan, Australia, Taiwan, ASEAN, New Zealand
Latin America: Brazil, Mexico
Middle East & Africa:  UAE, Saudi Arabia, Turkey
Key Companies Profiled 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
Unit Denominations USD Million/Billion

 

The main symptom of GERD is recurrent & troublesome heartburn & regurgitation. It affects approximately 20% of the adult population in the US. Around 17% of the European population, i.e., over 127 million people in Europe, suffer from GERD every week. The financial burden associated with GERD is substantial, with significant direct costs related to medication usage, especially PPIs (Proton Pump Inhibitors).

Besides, the condition negatively impacts the quality of life & work productivity, particularly in individuals with severe & frequent symptoms. These economic & social repercussions push the need for finding advanced treatment options and create a high demand for suitable diagnostic devices & tools for GERD, potentially attracting new business partnerships & collaborations and spurring growth in the Global Gastroesophageal Reflux Disease Device Market.


Global Gastroesophageal Reflux Disease Device Market Research Report: Forecast (2023-2028)

Global Gastroesophageal Reflux Disease Device 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.

Global Gastroesophageal Reflux Disease Device Market (2023-28): Segmentation Analysis

The Global Gastroesophageal Reflux Disease Device Market study from MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified:

Based on Product Type

  • Diagnostic Devices
    • Manometry System
    • PH Monitoring System
  • Esophagoscopes & 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.

  • In 2023, the American Cancer Society predicts approximately 26,500 new cases of stomach cancer (15,930 in men and 10,570 in women) in the US, with about 11,130 deaths from this type of cancer (6,690 in men and 4,440 in women). Stomach cancer accounts for about 1.5% of all new cancer cases diagnosed in the country annually.

Based on Device Type:

  • MUSE (Medigus Ultrasonic Surgical Endostapler)
  • LINX Reflux Management System
  • Stretta
  • 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.

The growing preference for MUSE is largely attributed to its efficacy in streamlining the procedure, allowing it to be efficiently completed in about an hour, significantly reducing operation times. It offers another crucial benefit of reduced hospital stays and faster post-procedure recovery times, contributing to improved patient outcomes and resulting in substantial cost savings for both patients & healthcare facilities. As a result, the increased demand & adoption of MUSE are generating significant revenue growth opportunities for the Global Gastroesophageal Reflux Disease Device Market.

  • In November 2021, Medigus Ltd., a technology company engaged in advanced medical solutions, revealed its accomplishment in terms of its licensing & sale agreement with Golden Grand for the use & sale of Medigus' FDA-approved MUSE™ system in China, Hong Kong, Taiwan, & Macau.

Global Gastroesophageal Reflux Disease Device Market Regional Projections:

Geographically, the Global Gastroesophageal Reflux Disease Device Market expands across:

  • North America
  • Latin America
  • Europe
  • Middle East & 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.

  • According to a study published in the journal GUT, the prevalence of GERD in North America ranged from 18% to 28%, underlining the significance of this health concern in the region.

The continuous improvements in US healthcare and the government's emphasis on enhancing consumer accessibility to healthcare services have also played a vital role in bolstering the demand for GERD devices in North America.

The proactive approach taken by various entities in raising awareness about the condition has also significantly contributed to regional market growth. Initiatives such as EndoGastric Solutions, Inc.'s national campaign supporting GERD awareness week have been instrumental in educating the public and creating a higher demand for GERD devices.

Another critical aspect driving the GERD device market in North America is the remarkable innovations in MIS (Minimally Invasive Surgeries). The development of advanced instruments & technologies has revolutionized treatment options for GERD, making them more effective & less intrusive. As more & more patients are opting for MIS, it is spurring growth in the North America Gastroesophageal Reflux Disease Device Market.

  • In April 2023, Laborie Medical Technologies (Laborie), a leading company specializing in diagnostic and therapeutic medical technology, has recently launched a cutting-edge wireless pH-capsule reflux testing system named alpHaONE. This innovative system serves as a crucial diagnostic tool for identifying and assessing gastroesophageal reflux disease (GERD) in patients.

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Frequently Asked Questions

   A. The Gastroesophageal Reflux Disease Device Market is projected to grow at a CAGR of around 10.12% during 2023-28.

   A. The alarming burden of gastroesophageal reflux disease & other gastrointestinal disorders is the prime aspect projected to drive the Gastroesophageal Reflux Disease Device Market in the coming years.

   A. Companies, such as 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. hold a prominent share of the Gastroesophageal Reflux Disease Device Market.

   A. MUSE is anticipated to emerge as an area of remunerative opportunities for the leading players in the Gastroesophageal Reflux Disease Device Market during 2023-28.

   A. Globally, North America would provide lucrative prospects for the Gastroesophageal Reflux Disease Device Market in the years ahead.

Global Gastroesophageal Reflux Disease Device Market Research Report (2023-2028) - Table of Contents

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Global Gastroesophageal Reflux Disease Devices Market Voice of Customer
    1. Brand Awareness
    2. End User Expectation
    3. Key Factors Impacting Vendor Selection
    4. Key Issues Encountered
    5. Vendor’s Receptiveness to Address Key Customer Issues
    6. Future Requirements
  5. Global Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. By Product Type
        1. Diagnostic Device
          1. Monometry System
          2. PH Monitoring System
        2. Esophagoscopes and Gastroscopes
        3. Treatment Devices
          1. Ultrasonic Surgical Endostapler
          2. Fundoplication Devices
          3. Sphincter Augmentation Devices
          4. Radio Frequency Ablation Devices
      2. By Procedure Type
        1. Diagnostic Procedures
        2. Fundoplication Procedure
        3. Radiofrequency Thermal Ablation
        4. Magnetic Sphincter Augmentation
      3. By End User
        1. Hospital
        2. Diagnostic Center
        3. Ambulatory Surgical Centers
      4. By Device Type
        1. MUSE- Medigus Ultrasonic Surgical Endostapler
        2. LINX Management System
        3. Stretta Therapy
        4. Bravo Reflux Testing System
        5. Digitapper Reflux Testing System
        6. Others
      5. By Region
        1. North America
        2. Latin America
        3. Europe
        4. Middle East and Africa
        5. Asia-Pacific
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  6. North America Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. By Product Type
      2. By Procedure
      3. By End User
      4. By Device Type
        1. United States
        2. Canada
    3. United States Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    4. Canada Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
  7. Latin America Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. By Product Type
      2. By Procedure
      3. By End User
      4. By Device Type
      5. By Country
        1. Brazil
        2. Mexico
    3. Brazil Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    4. Mexico Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
  8. Europe Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. By Product Type
      2. By Procedure
      3. By End User
      4. By Device Type
      5. By Country
        1. France
        2. Germany
        3. Italy
        4. United Kingdom
        5. Sweden
        6. Switzerland
    3. France Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    4. Germany Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    5. Italy Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    6. United Kingdom Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    7. Sweden Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    8. Switzerland Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
  9. Middle East and Africa Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. By Product Type
      2. By Procedure
      3. By End User
      4. By Device Type
      5. By Country
        1. UAE
        2. Saudi Arabia
        3. Turkey
    3. UAE Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    4. Saudi Arabia Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    5. Turkey Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
          1. .   
  10. Asia-Pacific Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
    1. Market Size & Analysis
    2. Market Revenue
    3. Units Sold
    4. Market Share & Analysis
      1.    By Product Type
      2.    By Procedure
      3.    By End User
      4.    By Device Type
      5. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Taiwan
        6. ASEAN
        7. New Zealand
    5. China Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    6. India Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    7. Japan Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    8. Australia Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2.    Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    9. Taiwan Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    10. ASEAN Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
    11. New Zealand Gastroesophageal Reflux Disease Devices Industry Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Product Type
        2. By Procedure
        3. By End User
        4. By Device Type
  11. Global Gastroesophageal Reflux Disease Devices Market Policies, Regulations, Product Standards
  12. Global Gastroesophageal Reflux Disease Devices Market Trends & Insights
  13. Global Gastroesophageal Reflux Disease Devices Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  14. Global Gastroesophageal Reflux Disease Devices Market Hotspot & Opportunities
  15. Global Gastroesophageal Reflux Disease Devices Market Key Strategic Imperatives for Success & Growth
  16. Global Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target End Users
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Torax Medical, Inc.
      2. Pentax Medical
      3. Medtronics Plc
      4. MediGus Limited
      5. Essai Co, Ltd.
      6. Medari Theraputics Inc.
      7. Takeda Pharmaceuticals Co. Ltd.
      8. Johnson & Johnson Services Inc.
      9. Olympus Corporation
      10. Diversatek, Inc
  17. Disclaimer


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