Gastroesophageal Reflux Disease (GERD) Treatment Devices Market Analysis
Gastroesophageal Reflux Disease (GERD) Treatment Devices Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Gastroesophageal refers to the stomach and esophagus. Reflux means to return or flow back. Gastroesophageal reflux disease or GERD is a set of conditions, where the lower esophageal sphincter (LES) is affected when the contents of the stomach flows back to the esophagus. In usual digestion process, the lower esophageal sphincter unfastens to let food to pass into stomach and shuts to prevent acidic stomach juices and food from going back into the esophagus. Gastroesophageal reflux takes place when the lower esophageal sphincter relaxes inappropriately or is weak, thereby allowing the contents of the stomach to flow up into the esophagus. Many doctors believe that hiatal hernia may wane the lower esophageal sphincter and augment the risk for gastroesophageal reflux. Hiatal hernia takes place when the superior part of the stomach shifts up into the chest by a small opening in the diaphragmatic hiatus or the diaphragm. The diaphragm is the muscle that separates the chest from the abdomen. Recent research shows that the aperture in the diaphragm helps in supporting the anterior end of the esophagus. A lot of people with a hiatal hernia might not have problems with reflux. However, in a hiatal hernia patient, the stomach contents may reflux straightforwardly into the esophagus.
Primarily, there are two ways to treat the disease based upon the rigorousness of the disease. If the disease is at its primary stage, it can be treated by Antacids, dietary and lifestyle modifications, and H2-receptor antagonists. However, the patients failing to react to this treatment, patients are exposed to Proton Pump Inhibitors. If these customary medical therapies fail, then devices are used. There are several noninvasive and invasive methods of treatment. The invasive surgeries include Linx, Esophy X, Endocinch endoluminal gastroplication, etc. Stretta technique is one of the noninvasive techniques. According to a report by Florida hospital, presently, about 60 million adults in the U.S. suffer from gastroesophageal reflux every month. It is projected that 25 million of those 60 million suffers from symptoms each day. Around 20% of people with gastroesophageal reflux may develop gastroesophageal reflux disease (GERD), as stated in the report. These factors will propel the growth of the gastroesophageal reflux disease treatment market in the region. There is an increase in the disease prevalence due to many reasons such as increased consumption of fast food, and leading a sedentary lifestyle. These factors will increase growth of the GERD treatment devices market during the forecast period (2016-2024).
Gastroesophageal Reflux Disease Treatment Devices Market Taxonomy
On the basis of surgery type, global market is classified into:
On the basis of end user, the global market is classified into:
Gastroesophageal reflux disease devices market is expected to grow at a significant pace during the forecast period owing to the widespread research and high investments in the field of gastroesophageal reflux disease treatment disease. Although there are various treatment option available, practitioners around the world are increasingly adopting treatment devices due to their high precision rate and minimal side effects. Innovations in treatment processes and introduction of cost effective devices are predicted to fuel growth of the GERD devices market in the near future.
Increasing prevalence of GERD and increase in geriatric population will drive the overall gastroesophageal reflux disease treatment devices market
According to Health line, pregnant women and persons above the age of 40 years are at a higher risk of gastroesophageal disease. As per their estimates, 25% of pregnant women experience symptoms of the disease, and it increases with time. The report says that around 65% of patients who suffer from acid refluxes are 40 years of age or older. The occurrence of gastroesophageal reflux disease, especially in North America is growing at an alarming rate, primarily because of the food habits. Therefore, the GERD treatment devices market in this region is expected to grow at a significant rate over the forecast period.
Some of the companies operating in the global gastroesophageal reflux disease treatment devices market are C. R. Bard, Inc., MEDERI THERAPEUTICS INC., Medigus Ltd.Torax Medical, Inc., and EndoGastric Solutions.
Major institutes are focused on research and development of novel approaches for the diagnosis and treatment of gastroesophageal reflux disease. For instance, in August 2019, researchers from Kiryu University, Japan, reported development of an organ-specific chronic inflammation–remodeling–carcinoma sequence for use in the treatment of gastroesophageal reflux disease, in the journal MDPI Gastrointestinal Disorders.
In February 2019, EndoGastric Solutions announced improved PH rates and clinical outcomes in patients with gastroesophageal reflux disease in a clinical trial of a transoral incisionless fundoplication (TIF) 2.0 procedure using its EsophyX device.
In November 2018, researchers from Massachusetts Institute of Technology reported development of a computer-aided algorithm and to assess the characteristics of subsurface hyposcattering structures in Barrett’s esophagus, a complication of chronic gastroesophageal reflux disease using clinical volumetric laser endomicroscopy data.
Key players in the market are focused on raising funds. For instance, in May 2019, EndoGastric Solutions closed its Series I financing at a total of US$ 45 million. The company intends to use the funds to accelerate commercialization of Transoral Incisionless Fundoplication procedure performed with the EsophyX device.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to: