Categories
Pharmaceutical

Gastrointestinal Bleeding Treatment Market is Poised to Grow at a Healthy CAGR between 2021 to 2031

Projections for global gastrointestinal bleeding treatment market indicate a moderate growth rate of 5.1% during the forecast period (2021-2031). The market is set to surpass a value of US$ 849.79 by the end of 2031.

This Report also provides the market survey of Gastrointestinal Bleeding Treatment gives estimations of the Size of Gastrointestinal Bleeding Treatment Market and the overall Gastrointestinal Bleeding Treatment Market share of key regional segments During Forecast Period.

The latest industry analysis and survey on Gastrointestinal Bleeding Treatment provides sales outlook in 20+ countries, across key categories. Insights and outlook on Gastrointestinal Bleeding Treatment market drivers, trends, and influencing factors are also included in the study.

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Gastrointestinal Bleeding Treatment Market Segmentation

Fact.MR has studied the gastrointestinal bleeding treatment market with detailed segmentation on the basis of product, GI tract division, end-users and key regions.

Product

  • Endoscopic Hemostatic Devices
  • Thermal Devices
  • Mechanical Devices
  • Closure Devices
  • Others

GI Tract Division

  • Upper GI Tract
  • Lower GI Tract

End-users

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

Key Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Key Parameters analyzed while estimating the Gastrointestinal Bleeding Treatment market include:

  • To analyze Drugs/ Therapeutic Area in Gastrointestinal Bleeding Treatment :

Overall Population by age group/Prevalence or Incidence of any disease/Treatment Seeking Rate/Dosage pattern/Average duration of treatment/Overall treatment cost and Reimbursement are considered.

  • To analyze Consumables of Gastrointestinal Bleeding Treatment:

Overall Population/Prevalence or Incidence of disease/treatment seeking rate/ average duration of the treatment/average number of devices used per patient / average number of procedure per device/ average selling price per device/reimbursement are considered.

  • To analyze Gastrointestinal Bleeding Treatment Equipment:

Number of Healthcare facilities (Hospitals/Ambulatory Surgical Centers/Clinics etc.)

Average number of devices installed per facilities/ lifespan of the devices/replacement rate of the equipment/new sales of the equipment per year/average selling price per equipment are considered.

Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Gastrointestinal Bleeding Treatment Market that are developing the current market scenario and which will be lucrative for the future demand of Gastrointestinal Bleeding Treatment Market.

Crucial insights in Gastrointestinal Bleeding Treatment market research report:

  • Underlying macro- and microeconomic factors impacting the Sales of Gastrointestinal Bleeding Treatment market.
  • Basic overview of the Gastrointestinal Bleeding Treatment, including market definition, classification, and applications.
  • Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
  • Adoption trend and supply side analysis of Gastrointestinal Bleeding Treatment across various industries.
  • Important regions and countries offering lucrative opportunities to market stakeholders.

The Demand of Gastrointestinal Bleeding Treatment Market study includes the current market scenario on the global platform and also Sales of Gastrointestinal Bleeding Treatment Market development during the forecast period.

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Key Question answered in the Survey of Gastrointestinal Bleeding Treatment market Report By Fact.MR

  • Gastrointestinal Bleeding Treatment Company & brand share analysis: Company and brand share analysis on Gastrointestinal Bleeding Treatment Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
  • Gastrointestinal Bleeding Treatment Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Gastrointestinal Bleeding Treatment .
  • Gastrointestinal Bleeding Treatment Category & segment level analysis: Fact.MR’s Gastrointestinal Bleeding Treatment market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
  • Gastrointestinal Bleeding Treatment market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
  • Post COVID consumer spending on Gastrointestinal Bleeding Treatment market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior

 

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The Market insights of Gastrointestinal Bleeding Treatment will improve the revenue impact of businesses in various industries by:

  • Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Gastrointestinal Bleeding Treatment Market
  • Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Gastrointestinal Bleeding Treatment market and offers solutions
  • Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
  • Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
  • Helping leading companies make strategy recalibrations ahead of their competitors and peers
  • Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Gastrointestinal Bleeding Treatment market .

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Categories
Pharmaceutical

Sales of Gastrointestinal Bleeding Treatment Market to Surpass a Value of US$ 849.79 by 2026 end

The global gastrointestinal bleeding treatment market is set to expand moderately at a CAGR of 5.1% between 2020 and 2026, attributed to preference for endoscopic hemostasis to correct GI problems.

Gastrointestinal problems, particularly upper gastrointestinal bleeding (UGIB), are becoming more prevalent across the world. It is, therefore, no surprise to notice an upsurge in the cases of hospitalization across the world. The gastrointestinal bleeding treatment guidelines necessitate the need for surgical intervention which has increased multifold since the past few years.

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Since it is known to reduce mortality rates, the method is becoming very common amongst doctors. In addition, new product launches, such as Cook Medical’s Hemospray, is set to offer significant traction to the Gastrintestinal bleeding treatment market in the future.

global gastrointestinal bleeding treatment 01

Key Takeaways of Global Gastrointestinal Bleeding Treatment Market Study

  • Mechanical endoscopic hemostatic devices are expected to gain traction during the forecast period. Techniques such as band ligation, which is suitable for treating esophageal varices, shall drive the growth of this segment. Projected CAGR for mechanical devices is pegged at an impressive 6.1%.
  • The upper GI tract division shall dominate the market share of gastrointestinal bleeding treatment segment. It is expected to account for almost three-fourth of the total market share. This is because upper GI tract bleeding is the most frequent emergency which is reported.
  • By end-use, hospitals are expected to lead the endoscope hemostatic devices markets. This is because hospitals enjoy significant reimbursement benefits along with advanced technology for treatment. The hospitals segment shall account for three-fifth of the GI bleeding treatment market.
  • North America is projected to retain market dominance during the forecast period. Increasing hospitalization rate, strong presence of market leaders and product approvals such as the approval of Hemospray, are leading drivers of the burgeoning market share.

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  • Asia-Pacific is anticipated to register a healthy CAGR of 6% during the forecast period. This is courtesy increasing geriatric population, growing incidence of GI problems and significant product launches and acquisitions.
  • The COVID-19 pandemic has significant ramifications on gastrointestinal bleeding treatment. Research has concluded that the virus also infects the GI tract, leading to symptoms such as diarrhea, nausea and vomiting. Abdominal discomfort has been reported in many patients. Thus, medical care for GI patients has become extremely important.
  • Important market players are consolidating their supply chains to cater to rising demand. Erbe Elektromedizine GmBh, a prominent player, has introduced shift-based work timings so as not to disrupt its supply chain. Likewise, Cook Medical is also monitoring its supply chain to provide the Instinct TM Endoscopic Hemoclip, for the purpose of endoscopic marking and hemostasis for bleeding ulcers to hospitals and clinics.
  • Basic level precautions such as high-level disinfection of endoscopes manually shall also help mitigate the spread of the disease. Reprocessing of endoscopes and meticulous room cleaning after every GI endoscopy procedure are other measures employed by healthcare providers to ensure a sterile environment.

“The global gastrointestinal bleeding treatment market shows positive growth trajectory for the future. Continuous product innovation and adoption of endoscopic hemostasis by hospitals shall augment its market share,” concludes a Fact.MR analyst.

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Product Launches to Remain Key Growth Driver for Market Players

The global gastrointestinal bleeding treatment market consists of three major players, contributing half of the total revenue. These companies are Boston Scientific Corporation, Cook Medical and Olympus Corporation. Boston Scientific Corporation manufactures Speedband Superview Super 7TM Multiple Band Ligator.

These devices are used for endoscopic ligation of esophageal varices and anorectal hemorrhoids. Additionally, the company provides Compliance EndoKit, a customized kit designed to prevent the spread of infections during an endoscopy. It provides simple substances such as the CinchPadTM transport pad and SafeStartTM bedside cleaning kits which ensures basic hygiene while performing GI surgeries. Olympus Corporation, another market leader, concentrates on expansion of manufacturing facilities and leveraging healthcare awareness programs to stimulate early diagnosis of diseases. It focuses on reform and development activities related to medical systems across the world.

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
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Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
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