Gastrointestinal Devices Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Gastrointestinal means pertaining to the intestines and stomach. A tract is a group of anatomic structures or a sequence of associated body organs. Gastrointestinal disease refers to diseases that involve gastrointestinal tract such as the stomach, esophagus, small intestine, rectum, and the large intestine. It can also be related to other organs of digestion such as the liver, pancreas, and the gallbladder. The GI or gastrointestinal tract (also known as GI tract, alimentary canal, digestive tract, GIT, or gut) is the organ system within the human body as well as other animals which can take in food, digest it and absorb essential nutrients and energy, and excretes the waste as urine and feces. All bilaterians (animals having a bilateral symmetry) have a GI tract. Primarily, it is a tube that can transfer food to various organs of digestion. In case of large bilaterians, the alimentary canal generally has an exit, by which the animal is able to dispose of feces. However, some bilaterians that are small in size have no exit or opening and they dispose of solid wastes by mouth or other means.

Gastrointestinal devices used to examine the internal lining of the GI tract are termed as gastrointestinal devices. An infection or abnormality in the basic functioning of this gastrointestinal tract is identified by gastrointestinal devices. The device is useful for detecting the root cause of many ailments concerning the gastrointestinal tract, such as vomiting, abdominal bleeding, persistent pain, tumor, and inflammation that affects the esophagus, stomach, and duodenum. In addition to detection, gastrointestinal devices also help in treating these diseases. Gastroesophageal reflux disease, colon cancer, ulcer, hemorrhoids, diverticulitis, Crohn’s disease, and bowel syndrome are some of the examples GI disease. Higher prevalence of these diseases due to high consumption of fast food and sedentary lifestyle are projected to drive growth of the overall gastrointestinal devices market.

Gastrointestinal Devices Market Taxonomy

On the basis of product type, the global market is classified into:

  • GI endoscopes
  • GI instruments
  • GI accessories

On the basis of end user, the global market is classified into:

  • Diagnostic Centers
  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Increasing recognition of minimally-invasive procedures is projected to drive growth of the global gastrointestinal devices market during the forecast period. Conventional open surgeries can lead to a number of complications, which have forced the health centers to go for gastrointestinal devices throughout the globe. For instance, conventional open surgeries may cause a variety of post-operation complications such as blood clots, fatigue, pain, infections, and muscle atrophy. Some of the other factors driving the rising acceptance of minimally invasive surgeries are lower risks (post operation), lower cost and hospital stay, faster recovery period, and rapid results. These factors are projected to fuel the overall growth of the gastrointestinal devices industry.

Increasing prevalence of gastroesophageal reflux disease and increase in colorectal cancer to drive growth of the overall gastrointestinal devices market

According to a report published by Healthline in 2012, pregnant women and persons above the age of 40 years are at a higher risk of gastroesophageal disease. The report further states that 25% of pregnant women experience symptoms of the disease, and it increases with time. 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. This is mainly attributed to the sedentary lifestyle and high consumption of fast food in the region. According to the American Cancer Society, in 2017, colorectal cancer is expected to lead to 50,260 deaths in the U.S. Therefore, the gastrointestinal devices market in this region is expected to grow at a significant rate over the forecast period.

Some of the companies operating in the gastrointestinal devices market in the current scenario are Boston Scientific Corporation, Johnson & Johnson Ltd., Covidien Ltd., Fujinon Ltd., Stryker Corporation, Conmed Corporation, Medtronic, Karl Storz, and Olympus Corporation.

Research Methodology

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:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

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.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

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:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

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.

Data Standardization:

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:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

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.

Data Validation

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:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.