Gastroesophageal Reflux Disease (GERD) Devices Market

Gastroesophageal Reflux Disease (GERD) Devices Market: Introduction of Advanced Diagnostic Devices for GERD Treatment to Create Substantial Revenue Generation Opportunities: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028

2019-03-25
REP-GB-1741
41 Tables
247 Figures
273 pages

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Gastroesophageal Reflux Disease (GERD) Devices Market

An Incisive, In-depth Analysis on the Gastroesophageal Reflux Diseases Devices Market

This study offers a comprehensive, 360 degree analysis on the Gastroesophageal Reflux Diseases Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gastroesophageal Reflux Diseases Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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

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

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

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.

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.

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.

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

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

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.

FMI has conducted a study on gastroesophageal reflux diseases devices, by the analysis and forecast of the gastroesophageal reflux diseases devices market in its publication titled gastroesophageal reflux diseases devices Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028. This report on gastroesophageal reflux diseases devices market covers various key factors, influencing the demand and supply for gastroesophageal reflux diseases devices over the next several years. A study on growth drivers, restraints, various market trends, and opportunities for gastroesophageal reflux disease devices market participants, has been studied.

Gastroesophageal reflux is a disorder in which the lower esophageal sphincter is affected, and causes the backflow of contents from stomach to esophagus. Lower esophageal sphincter is a ring of muscles, between the esophagus and the stomach. The symptoms of gastroesophageal reflux disease include frequent chest pain, difficulty swallowing, sensation of lump in the throat etc. The major causes of gastroesophageal reflux disease include obesity, smoking and high adoption rate of poor lifestyle habits.

Esophagoscope is an endoscope which is inserted through the mouth, into the esophagus. Manometry System and PH Monitoring system plays a major role in the diagnosis of gastroesophageal reflux disease by measuring and recording the amount of PH in the esophagus. PH Monitoring test for gastroesophageal reflux disease is also used to determine the effectiveness of medications (Proton Pump Inhibitors) and surgical treatment.

The treatment devices as a segment of gastroesophageal reflux disease devices market include surgical endostapler gastroesophageal reflux disease devices, fundoplication gastroesophageal reflux disease devices, sphincter augmentation gastroesophageal reflux disease devices and radiofrequency ablation gastroesophageal reflux disease devices. Esophyx is one of the gastroesophageal reflux disease devices, which is used in the reconstruction of gastroesophageal valve and plays a major role in transoral fundoplication procedures. It helps to restore the functioning of gastroesophageal valve, which acts a reflux barrier. The Ultrasonic Surgical Endostaplers are another type of gastroesophageal reflux disease devices, used in surgical treatment of GERD and plays an important role to perform transoral fundoplication (TF), in a better manner. The stretta therapy is a minimally invasive surgical procedure, used in the treatment of gastroesophageal reflux disease. The stretta system is a type of gastroesophageal reflux disease devices, which delivers radiofrequency energy to the muscles, present between the esophagus and stomach. The LINX magnetic system, is also included in the gastroesophageal reflux disease devices, is a magnetic device, used for the surgical treatment of gastroesophageal reflux disease. LINX contains small beads of titanium, which is wrapped around the lower esophageal sphincter.

The key manufacturers of gastroesophageal reflux disease devices are focusing on various key strategies to increase the growth of gastroesophageal reflux disease devices market. The manufacturing companies of gastroesophageal reflux disease devices are mainly focusing on the distribution expansion of various gastroesophageal reflux disease devices in different regions.

The manufacturing companies of gastroesophageal reflux treatment devices, such as, MediGus Ltd, Mederi RF Inc. are focusing to distribute the treatment products in many different regions.

Also, in 2018, Medigus Ltd, a medical device company which manufactures various endosurgical tools, announced the distribution agreement Turkey, Georgia and Azerbaijan with MELEKIRMAK, a distributor of minimally invasive medical devices.

In 2017, MediGus Ltd. announced a five year distribution agreement with Micro Tech Europe in Germany. Micro Tech Europe is a leader supplier of gastrointestinal and endoscopy devices.

Many surgical devices are getting approved in different geographical areas and hence, the scope of gastroesophageal treatment devices is likely to increase in different geographies.

For Example – In 2016, Stretta system was launched in China and is now available in China

The companies of gastroesophageal reflux disease treatment devices are also focusing on innovating new technological devices for the better treatment of gastroesophageal reflux disease. Many new versions and next generation updated devices have been introduced in the market.

For Example – The Company, EndoGastric Solutions, Inc. manufactures EsophyX device which is used to perform transoral incisionless fundoplication procedure and can increase the growth of gastroesophageal reflux disease devices market. The device was originally cleared by FDA in 2007. The better new version of EsophyX gastroesophageal reflux disease device i.e. EsophyX Z device has been introduced in the market. EsophyX Z got FDA Clearance in 2016, and is used to bring better treatment outcomes

Global Gastroesophageal Reflux Diseases Devices Market: Segmentation

Gastroesophageal Reflux Diseases Devices Market Analysis by Product Type