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Historical Growth of the Gastrointestinal Devices Market: Insights into Expanding Industry Size
There has been robust growth in the gastrointestinal devices market size in the past few years. It is projected to escalate from $11.11 billion in 2024 up to $11.79 billion in 2025, displaying a compound annual growth rate (CAGR) of 6.1%. The expansion during the historic phase can be linked to factors such as medical education and training, cost-efficiency and value proposition, changes in diseased population and demographics, a patient-focused model, as well as regulatory benchmarks and authorizations.
The market for gastrointestinal devices is predicted to enjoy robust expansion in the forthcoming years, with its size projected to reach $16.38 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. This growth in the forecast period is expected to be driven by factors such as value-oriented healthcare initiatives, the rise in homecare and patient-focused devices, precision and personalized medicine, expansion of the global market, and regulatory alterations and conformity. Key trends for the forecast period include the adoption of minimally invasive procedures, an increase in gastrointestinal disorders, a shift towards homecare devices, patient-centric methods, and integration of remote monitoring and telemedicine.
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Which Primary Drivers Are Boosting the Gastrointestinal Devices Market’s Performance?
The rise in instances of digestive system diseases has spurred the expansion of the gastrointestinal devices market. These diseases encompass conditions like irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and even cancer. The Endoscopy Centre has reported that annually, 62 million Americans are found to have some form of digestive disease, and an estimated three to five lakh Americans suffer from inflammatory bowel disease (IBD), which is about 2% to 6% of the population. Furthermore, the American College of Gastroenterology has estimated that 10-15% of the country’s adult population display symptoms of irritable bowel syndrome (IBS).
The escalating rates of these digestive diseases have boosted demand for gastrointestinal devices for treatment, in turn propelling the growth of the gastrointestinal devices market.
Which Key Segments Are Driving Growth in the Gastrointestinal Devices Market?
The gastrointestinal devices market covered in this report is segmented –
1) By Product Type: GI Videoscopes, Biopsy Devices, Endoscopic Retrograde Cholangiopancreatography Devices (ERCP), Capsule Endoscopy, Endoscopic Ultrasound, Endoscopic Mucosal Resection (EMR), Hemostasis Devices, Other Product Types
2) By Sales Channel: Online Retailing, Medical Stores And Brand Outlet
3) By End Users: Hospitals, Clinics And Dialysis Centers, Ambulatory Surgical Center
Subsegments:
1) By GI Videoscopes: Flexible Videoscopes, Rigid Videoscopes
2) By Biopsy Devices: Needle Biopsy Devices, Forceps Biopsy Devices, Punch Biopsy Devices
3) By Endoscopic Retrograde Cholangiopancreatography Devices (ERCP): ERCP Cannulas, Guidewires, Balloon Sweep Devices
4) By Capsule Endoscopy: Small Intestine Capsule Endoscopes, Esophageal Capsule Endoscopes, Colonic Capsule Endoscopes
5) By Endoscopic Ultrasound: EUS Scopes, EUS-guided Fine-needle Aspiration (FNA) Devices
6) By Endoscopic Mucosal Resection (EMR): EMR Kits, EMR Suction Devices
7) By Hemostasis Devices: Mechanical Hemostasis Devices, Thermal Hemostasis Devices, Chemical Hemostasis Agents
8) By Other Product Types: Enteral Feeding Devices, Gastrostomy Tubes, Accessories For GI Devices
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What are the Key Trends Forecasted to Reshape the Gastrointestinal Devices Industry Structure?
The elevated expenses associated with managing gastrointestinal disorders impede the growth of the gastrointestinal devices industry. As stated in the NEJM Journal Watch, a subsidiary of the New England Journal of Medicine, the totality of health care spending for gastrointestinal diseases reaches roughly $136 billion each year. This figure surpasses the expenditure on heart disease ($113 billion), trauma ($103 billion), and mental health ($99 billion), illustrating the considerable costs tied to addressing gastrointestinal disorders. Furthermore, an examination of data by the American Gastroenterological Association reveals that patients suffering from inflammatory bowel diseases (IBDs), chronic liver diseases (CLDs), functional gastrointestinal disorders (FGIDs), and gastrointestinal hemorrhage tend to be admitted to the hospital at least once. These patients require significant care due to their functional limitations, hence leading to disproportional hospitalization costs. The extreme financial toll of gastrointestinal illness leads many people to forgo treatment in non-emergency situations, an action that detrimentally affects the expansion of the gastrointestinal devices marketplace.
Which Geographies Are Leading the Expansion of the Gastrointestinal Devices Market?
North America was the largest region in the gastrointestinal devices market in 2024. Asia-Pacific was the second largest region in the gastrointestinal devices market report. The regions covered in the gastrointestinal devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Who Are the Top Companies Dominating the Gastrointestinal Devices Market in 2025?
Major companies operating in the gastrointestinal devices market include Johnson and Johnson Services Inc., Medtronic plc, Siemens Healthineers AG, Fujifilm Holdings Corporation, Becton, Dickinson and Company, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Interscope Inc., Steris plc, Cook Group Incorporated, MICRO-TECH Co. Ltd., Cantel Medical Corp., CONMED Corporation, PENTAX Medical Company, Karl Storz SE & Co. KG, US Endoscopy Inc., Richard Wolf GmbH, Motus GI Holdings Inc., Congentix Medical Inc., ERBE Elektromedizin GmbH, Creo Medical Group plc, GI Dynamics Inc., Millennium Surgical Corp., Mauna Kea Technologies SA, EndoMaster Pte Ltd., Zhanjiang Bokang Biotechnology Co. Ltd., Jinshan Science & Technology Co., Safe Medical Design Inc.
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