Market Insights
As per recent research by MarkNtel Advisors, The Global Gastroesophageal Reflux Disease Device Market is projected to grow at a CAGR of around 10.12% during the forecast period, i.e., 2023-28.
Global Gastroesophageal Reflux Disease Device Market Driver
The Alarming Global Burden of GERD: The rising prevalence of gastroesophageal reflux diseases & other gastrointestinal disorders, owing to environmental factors, sedentary habits like excessive fat intake as well as frequent smoking & alcohol consumption, and reduced physical activity, has instigated medical device manufacturers to develop more advanced & effective GERD treatment devices to help patients improve their quality of life. As a result, substantial investments are being made in developing such devices, coupled with the increasing number of clinical trials, which are driving the Gastroesophageal Reflux Disease Devices Market.
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Market Segmentation and Consumer Behavior:
By Product Type
- Diagnostic Device
- Monometry System
- PH Monitoring System
- Esophagoscopes and Gastroscopes
- Treatment Devices
- Ultrasonic Surgical Endostapler
- Fundoplication Devices
- Sphincter Augmentation Devices
- Radio Frequency Ablation Devices
By Procedure Type
- Diagnostic Procedures
- Fundoplication Procedure
- Radiofrequency Thermal Ablation
- Magnetic Sphincter Augmentation
By End User
- Hospital
- Diagnostic Center
- Ambulatory Surgical Centers
By Device Type
- MUSE- Medigus Ultrasonic Surgical Endostapler
- LINX Management System
- Stretta Therapy
- Bravo Reflux Testing System
- Digitapper Reflux Testing System
- Others
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Gastroesophageal Reflux Disease Device Market Geographical Analysis:
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia-Pacific
Key Players and Competitive Strategies in the Gastroesophageal Reflux Disease Device Market
Several prominent players dominate the Gastroesophageal Reflux Disease Device Market, including:
- Torax Medical, Inc.
- Pentax Medical
- Medtronics Plc
- MediGus Limited
- Essai Co, Ltd.
- Medari Theraputics Inc.
- Takeda Pharmaceuticals Co. Ltd.
- Johnson & Johnson Services Inc.
- Olympus Corporation
- Diversatek, Inc
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Questions Addressed in this Study
1.What factors are driving the Gastroesophageal Reflux Disease Device Market growth?
2.How is the Gastroesophageal Reflux Disease Device Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Gastroesophageal Reflux Disease Device Market?
4.What is the current size of the Gastroesophageal Reflux Disease Device Market, and how is it projected to change in the future?
5.What is the future outlook for the Gastroesophageal Reflux Disease Device Market in terms of technological advancements and market expansion?
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