The gastroenterology market has witnessed rapid growth over the past decade due to rising prevalence of gastrointestinal disorders, technological advancements like capsule endoscopy devices, and increasing demand for minimally invasive endoscopic procedures. Gastrointestinal disorders affect the digestive system and esophagus, stomach and small and large intestines. The adoption of endoscopic devices in diagnosis and treatment of various gastrointestinal diseases has shaped the growth of this market. Modern endoscopic procedures like capsule endoscopy have become less invasive and more comfortable for patients.
The Global gastroenterology market is estimated to be valued at US$ 35.12 Bn in 2025 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the gastroenterology market are Allied Digestive Health, Boston Scientific, Capital Digestive Care, CRH Medical, Iterative Scopes, Fujifilm Medical, Gastro Health, GI Alliance, Medtronic, Micro-Tech Endoscopy, Motus GI, Olympus, One GI, PE GI Solutions, Peak Gastroenterology Associates, Pentax Medical, Pinnacle GI Partners, Saneso, Surgical Innovations, Wision A.I. These players are focusing on developing advanced endoscopy devices and procedures to gain more market share.
Gastroenterology Market Growth include rising demand for minimally invasive procedures and increasing healthcare expenditure in emerging economies. There is growing preference for ambulatory surgical centers which provide gastroenterology procedures on an outpatient basis. Technological advancements are also expanding the opportunities with development of niche products in areas like bariatric surgery, hernia repair and colon cancer screening.
Technological advancements like capsule endoscopy have enabled procedures to be carried out without hospitalization. This has boosted the demand for capsule endoscopy devices. Developments are also ongoing in therapeutic endoscopy and endoluminal procedures to treat gastrointestinal diseases. Overall, innovation is driving the adoption of advanced endoscopic equipment in the market.
Market Drivers
Rising geriatric population is a key driver as age is a risk factor for developing gastrointestinal diseases. Growing awareness about early disease detection and increasing healthcare access in developing nations is also fueling the market growth. Governments around the world are investing in healthcare infrastructure which will boost the demand for endoscopy facilities and devices over the forecast period.
Current challenges in Gastroenterology Market
The gastroenterology market faces various challenges. The rising disease burden of gastrointestinal diseases is putting pressure on healthcare systems globally. However, limited access to quality care remains a major issue in developing nations. This is attributed to factors like inadequate healthcare infrastructure and workforce shortage. Similarly, high treatment costs associated with advanced endoscopy procedures pose affordability challenges for many patients. Another area of concern is the growing threat of antibiotic resistance leading to treatment failures in some common GI infections. Overall, ensuring universal access to timely diagnosis and effective management of GI disorders remains a work in progress.
SWOT Analysis
Strength: Growing disease prevalence provides clinical opportunities. Advancements in endoscopy devices allow improved diagnosis and treatment.
Weakness: Emerging alternative treatment modalities can disrupt market share. Higher costs of advanced GI procedures limits widespread adoption.
Opportunity: Rising healthcare investments in emerging nations to boost demand. Development of cost-effective novel therapies presents scope.
Threats: Threat from generics once key drugs lose patent protection. Stringent regulations can delay product approvals.
Geographical regions of concentration
North America currently captures over 40% share of the global gastroenterology market value owing to advanced healthcare infrastructure and widespread medical insurance in the US and Canada. However, Asia Pacific is emerging as the fastest growing regional market with China and India serving as high potential markets. This growth can be attributed to improving access to healthcare along with rising spending power in developing Asian countries.
Fastest growing geographical region
Asia Pacific region is poised to witness the fastest growth in the gastroenterology market during the forecast period from 2024 to 2031. This rapid expansion can be accredited to factors like growing disease awareness, increasing healthcare investments, rising medical tourism, and improving reimbursement scenarios in Asia Pacific economies especially China and India. Moreover, aggressive entry of global market players is enhancing the availability of advanced treatment options in the region further supporting the high growth trajectory.
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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