Global Gastrointestinal Bleeding Treatment Market: Overview
The global gastrointestinal bleeding treatment market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product, GI tract division, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region, thereby presenting a thorough analysis of the overall competitive scenario in the global gastrointestinal bleeding treatment market.
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Global Gastrointestinal Bleeding Treatment Market – Snapshot
Gastrointestinal bleeding is also known as gastrointestinal hemorrhage. It includes all forms of bleeding of gastrointestinal tract, from the mouth to the rectum. Endoscopic hemostatic devices are the primary line of treatment for gastrointestinal bleeding. The major endoscopic hemostatic devices include thermal and mechanical.
The global gastrointestinal bleeding treatment market is anticipated to expand at a CAGR of 4.5% during the forecast period. Growth of the market can be attributed to rise in demand for endoscopic hemostasis which is considered the first line of treatment for gastrointestinal bleeding, increase in geriatric population, surge in applications of endoscopic hemostasis, significant product launches, strategic acquisitions by key players, and government and non-government funding for research and to spread awareness about gastrointestinal bleeding treatment. However, shortage of trained gastroenterologists, significant product recalls, and limitations of endoscopic treatment are likely to hamper the growth of the global market.
In terms of product, the global gastrointestinal bleeding treatment market has been segmented into endoscopic hemostatic devices, closure devices, and others. The endoscopic hemostatic devices segment has been categorized into mechanical devices and thermal devices. The thermal devices sub-segment dominated the endoscopic hemostatic devices segment in 2017. However, the mechanical devices sub-segment is anticipated to expand at a high CAGR during the forecast period. Growth of the segment can be attributed to increase in usage of these devices for the treatment of upper GI tract bleeding. For instance, band ligation is considered to be the first line of treatment for esophageal varices.
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Global Gastrointestinal Bleeding Treatment Market: Regional Outlook
In terms of region, the global gastrointestinal bleeding treatment market has been segmented into five major regions: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East (South Africa, GCC Countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.
Companies Mentioned in Report
The report also profiles the major players in the market in terms of attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Key companies profiled in the global gastrointestinal bleeding treatment market include Boston Scientific Corporation, Olympus Corporation, CONMED Corporation, Cook Medical, Ovesco Endoscopy AG, Erbe Elektromedizin GmbH, STERIS plc, and US Medical Innovations, LLC.
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