Industry and News Gastrointestinal (GI) Devices Market | 页面 3

Based on the product type, global gastrointestinal market can be segmented into Bariatric surgery
devices, gastrointestinal endoscopy devices, Enteral feeding pumps and Ostomy devices.
Gastrointestinal endoscopy devices is anticipated to be the largest segment in the market. Growing
prevalence of ailments which require endoscopy procedures are estimated to be the major factors
driving this segment that are further segmented into capsule, flexible, and rigid endoscopes.
Bariatric surgery is the fastest growing segment owing to increase in number of cases in bariatric
surgery by adolescents.
North America is expected to be largest market of the endoscopy equipment market, owing to
Market expansion over the next seven years is and continuous growth in demand for GI screening
and intervention procedures. Asia-Pacific market is slated to grow at a higher rate during the
forecast period on account of increasing geriatric population and new technical innovations and
product development.
The key players in the market include, Olympus Corporation, Ethicon, Inc,, Boston Scientific
Corporation, Fujifilm Holding Corporation and covedian accounted for majority of global
Gastrointestinal devices market revenue share. Other industry participants having significant stake
in the industry include Stryker Corporation, Smith & Nephew plc, KARL STORZ GmBH, Richard Wolf
GmBH and Medtronic plc. Covedian launched wireless capsule endoscope that can capture color
images of internal organs using a camera. It acquired BARRX medical Inc. to expand its company
profile and introduce new innovative devices in the market.
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Rising investments, funds, and grants by government bodies worldwide, rising number of hospitals
and growing hospital investments in the expansion of endoscopy instruments, growing patient
preference for minimally invasive surgeries, technological advancements, favorable reimbursement
coverage in selected countries slated to propel the capsule endoscopy market, rising geriatric
population, and rising prevalence of diseases that require endoscopy procedures are major factors
driving the endoscopy equipment market.