Gastrointestinal Bleeding Treatment Market
Gastrointestinal Bleeding Treatment Market By Product (Endoscopic Hemostatic Devices, Thermal Devices, Mechanical Devices, Closure Devices), By GI Tract Division (Upper GI Tract, Lower GI Tract), By End-users & By Regions - Global Market Insights 2020 to 2026
Analysis of Gastrointestinal Bleeding Treatment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Gastrointestinal Bleeding Treatment Market Outlook (2020 to 2026)
Projections for global gastrointestinal bleeding treatment market indicate a moderate growth rate of 5.1% during the forecast period (2020 to 2026). The market is set to surpass a value of US$ 849.79 by the end of 2026.
New product launches with technological enhancements have further augmented the market in the past. For instance, Cook Medical’s Hemospray, an endoscopic hemostat, received FDA approval in 2018 in line with gastrointestinal bleeding treatment guidelines.
The COVID-19 pandemic is poised to burgeon production of GI bleeding treatment products. Studies have proven that the COVID-19 virus affects the gastrointestinal tract of patients, causing diarrhea, nausea and vomiting. COVID-19 is soon emerging as one of the main gastrointestinal bleeding causes.
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Global Gastrointestinal Bleeding Treatment Market Trends
Endoscopic hemostasis has gained significant traction as an approach to treat GI bleeding. Established treatment modes include mechanical therapy, injection therapy and thermal therapy. The approach is well known for its ability to reduce mortality associated with GI bleeding.
Leading technological developments in development of hemostatic sprays and stents are being adopted to stop GI bleeding. This is expected to augment the gastrointestinal bleeding treatment market in the future.
Global Gastrointestinal Bleeding Treatment Market: Technological Insights
Various technological advancements have streamlined the GI bleeding treatment market in the past few years. These include hemosprays, over-the-scope clips, padlock clips, radiofrequency ablation and self-expanding metal stents. Hemospray is a hemostatic powder developed by Cook Medical for treating gastrointestinal bleeding.
In recent years, transcatheter arterial embolization procedures have become the first-line therapy for managing upper GI bleeding that is refractory to endoscopic hemostasis. Advances in catheter-based techniques and newer embolic agents has broadened the scope of interventional radiology in managing hemorrhage. Transcatheter arterial embolization is effective for several indications. These include peptic ulcer bleeding, malignant diseases, and iatrogenic or trauma bleeding.
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Global Gastrointestinal Bleeding Treatment Market: Product Insights
Endoscopic hemostatic devices are anticipated to account for more than half of the total gastrointestinal bleeding treatment market throughout the forecast period. Among these devices, the mechanical devices sub-segment is set to register maximum growth.
Increased usage of these devices for first line of treatment is a key driver behind the sub-segment’s growth. The Mechanical Devices sub-segment is set to expand at an impressive CAGR of 6.1% during the forecast period.
Global Gastrointestinal Bleeding Treatment Market: Application Insights
Upper GI Tract bleeding is one of the most prevalent symptoms of peptic ulcers. Other causes include esophageal varices, gastric varices, hemorrhagic gastritis and Mallory-Weiss syndrome. These conditions account for nearly 250,000 hospitalizations in the U.S. and over 300,000 in the U.K.
Based on peptic ulcers treatment trends, the upper GI tract segment is projected to capture more than 70% of the global GI bleeding treatment market. The segment shall expand at a CAGR of 4.8% during the forecast period.
At the same time, lower GI tract conditions such as diverticulosis, hemorrhoids, irritable bowel syndrome, colon polyps or cancer and vascular ectasia, have increased. This increasing prevalence of lower GI tract infections is anticipated to leverage market prospects.
The lower GI tract segment is anticipated to capture nearly three-tenths of the global gastrointestinal bleeding treatment market, expanding at a CAGR of 4.0% during the forecast period.
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Global Gastrointestinal Bleeding Treatment Market Regional Insights
North America is set to retain hegemony over the gastrointestinal bleeding treatment market throughout the forecast period. The 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. Hemospray cost is also anticipated to be competitive in this region. Analysts project North America’s market share at over two-fifth of the total GI bleeding market.
Pursuing North America is Asia-Pacific, with a projected CAGR of 6% during the forecast period. Growth in the Asia-Pacific is attributed to increase in geriatric population, rise in prevalence of GI bleeding with age, and significant product launches and strategic acquisitions by leading market players. By 2026, Asia-Pacific is expected to surpass a valuation of US$ 96.2 Mn.
Product Launches by Key Players to follow Gastrointestinal Bleeding Treatment Protocol
The global gastrointestinal bleeding treatment market is consolidated, with the presence of three major players contributing half of the total revenue. These companies are Boston Scientific Corporation, Cook Medical and Olympus Corporation.
Boston Scientific Corporation develops, markets and manufactures a wide range of products within the GI market. For instance, it manufactures Speedband Superview Super 7TM Multiple Band Ligator. This device is used for endoscopic ligation of esophageal varices and anorectal hemorrhoids.
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.
Analyst’s Viewpoint
Leading manufacturers have invested heavily in introducing technological advancements in order to broad base their market presence. Moreover, the COVID-19 pandemic outbreak shall create an upsurge in the market, owing to recent studies concluding potential infections in the GI tract.
Global Gastrointestinal Bleeding Treatment Market: Report Scope
The recent study by Fact.MR on the global gastrointestinal bleeding treatment market provides a 6-year forecast on the key drivers, restraints and opportunities for expansion.
An in-depth analysis across various segments of the gastrointestinal bleeding treatment market has been incorporated in the report. Segmentation has been done on the basis of product, GI tract division and end-user. Each segment includes analysis based on revenue, market share and growth rate.
A detailed regional analysis has also been provided, based on the following five geographies: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Each region incorporates market analysis based on the segments highlighted above.
In addition, a section on the competitive landscape has also been provided, incorporating information on key market players, their strategies for expansion and an overview of their strengths, weaknesses, opportunities and threats.
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.
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By Product :
- Endoscopic Hemostatic Devices
- Thermal Devices
- Mechanical Devices
- Closure Devices
- Others
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By GI Tract Division :
- Upper GI Tract
- Lower GI Tract
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By End-users :
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
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By Key Regions :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Table of Content
- 1. Preface
- 2. Assumptions and Acronyms Used
- 3. Research Methodology
- 4. Executive Summary
- 5. Market Overview
- 6. Global Market Analysis, by Product
- 6.1. Endoscopic Hemostatic Devices
- 6.1.1. Thermal Devices
- 6.1.2. Mechanical Devices
- 6.2. Closure Devices
- 6.3. Others
- 6.1. Endoscopic Hemostatic Devices
- 7. Global Market Analysis, by GI Tract Division
- 7.1. Upper GI Tract Division
- 7.2. Lower GI Tract Division
- 8. Global Market Analysis, by End-user
- 8.1. Hospitals
- 8.2. Clinics
- 8.3. Ambulatory Surgical Centers
- 8.4. Others
- 9. Global Market Analysis and Forecasts, by Region
- 9.1. North America
- 9.2. Europe
- 9.3. Asia Pacific
- 9.4. Latin America
- 9.5. Middle East & Africa
- 10. North America Market Analysis
- 11. Europe Market Analysis
- 12. Asia Pacific Market Analysis
- 13. Latin America Market Analysis
- 14. Middle East & Africa Market Analysis
- 15. Competitive Landscape
- 15.1. Boston Scientific Corporation
- 15.2. Olympus Corporation
- 15.3. CONMED Corporation
- 15.4. Cook Medical
- 15.5. Ovesco Endoscopy AG
- 15.6. Erbe Elektromedizin GmbH
- 15.7. Steris, plc
- 15.8. US Medical Innovations, LLC
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List Of Table
Table 01: Causes and their associate factors of Gastrointestinal Bleeding
Table 02: Global Estimates of the Number of Incidence for Gastrointestinal Cancers in Male, by Region
Table 03: Global Estimates of the Number of Incidence for Gastrointestinal Cancers in Female, by Region
Table 04: CPT Codes- Endoscopic Hemostatic Procedures – Control of Bleeding
Table 05: CPT Codes- Endoscopic Hemostatic Procedures – Ligation
Table 06: CPT Codes- Endoscopic Hemostatic Procedures – Injection
Table 07: Global Market Value (US$ Mn) Forecast, by Product, 2020 to 2026
Table 08: Global Market Value (US$ Mn) Forecast, by Endoscopic Hemostatic Devices, 2020 to 2026
Table 09: Global Market Value (US$ Mn) Forecast, by GI Tract Division, 2020 to 2026
Table 10: Global Market Value (US$ Mn) Forecast, by End-user, 2020 to 2026
Table 11: Global Market Size (US$ Mn) Forecast, by Region, 2020 to 2026
Table 12: North America Market Value (US$ Mn) Forecast, by Country, 2020 to 2026
Table 13: North America Market Value (US$ Mn) Forecast, by Product, 2020 to 2026
Table 14: North America Market Value (US$ Mn) Forecast, by Endoscopic Hemostatic Devices, 2020 to 2026
Table 15: North America Market Value (US$ Mn) Forecast, by GI Tract Division, 2020 to 2026
Table 17: Europe Market Value (US$ Mn) Forecast, by Country/Sub-region, 2020 to 2026
Table 18: Europe Market Value (US$ Mn) Forecast, by Product, 2020 to 2026
Table 19: Europe Market Value (US$ Mn) Forecast, by Endoscopic Hemostatic Devices, 2020 to 2026
Table 20: Europe Market Value (US$ Mn) Forecast, by GI Tract Division, 2020 to 2026
Table 21: Europe Market Value (US$ Mn) Forecast, by End-user, 2020 to 2026
Table 22: Asia Pacific Market Value (US$ Mn) Forecast, by Country/Sub-region, 2020 to 2026
Table 23: Asia Pacific Market Value (US$ Mn) Forecast, by Product, 2020 to 2026
Table 24: Asia Pacific Market Value (US$ Mn) Forecast, by Endoscopic Hemostatic Devices, 2020 to 2026
Table 25: Asia Pacific Market Value (US$ Mn) Forecast, by GI Tract Division, 2020 to 2026
Table 26: Asia Pacific Market Value (US$ Mn) Forecast, by End-user, 2020 to 2026
Table 27: Latin America Market Value (US$ Mn) Forecast, by Country/Sub-region, 2020 to 2026
Table 28: Latin America Market Value (US$ Mn) Forecast, by Product, 2020 to 2026
Table 29: Latin America Market Value (US$ Mn) Forecast, by Endoscopic Hemostatic Devices, 2020 to 2026
Table 30: Latin America Market Value (US$ Mn) Forecast, by GI Tract Division, 2020 to 2026
Table 31: Latin America Market Value (US$ Mn) Forecast, by End-user, 2020 to 2026
Table 32: Middle East & Africa Market Value (US$ Mn) Forecast, by Country/Sub-region, 2020 to 2026
Table 33: Middle East & Africa Market Value (US$ Mn) Forecast, by Product, 2020 to 2026
Table 34: Middle East & Africa Market Value (US$ Mn) Forecast, by Endoscopic Hemostatic Devices, 2020 to 2026
Table 35: Middle East & Africa Market Value (US$ Mn) Forecast, by GI Tract Division, 2020 to 2026
Table 36: Middle East & Africa Market Value (US$ Mn) Forecast, by End-user, 2020 to 2026
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List Of Figures
Figure 01: Market Size (US$ Mn) and Distribution, by Region, 2020 and 2026
Figure 02: Global Market Size (US$ Mn) and Forecast, 2020 to 2026
Figure 03: Market Value Share, by Product, 2018
Figure 04: Market Value Share, by GI Tract Division, 2018
Figure 05: Market Value Share, by End-user, 2018
Figure 06: Market Value Share, by Region, 2018
Figure 07: Technological Advances
Figure 08 Causes- Upper Gastrointestinal Bleeding
Figure 09: Classification of peptic ulcers
Figure 10: Types of Lower GI Bleeding
Figure 11: Causes- Lower Gastrointestinal Bleeding
Figure 12: Top 3 Players operating in Market Space
Figure 13: Global Market Value Share Analysis, by Product, 2020 and 2026
Figure 14: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Endoscopic Hemostatic Devices, 2020 to 2026
Figure 15: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Closure Devices, 2020 to 2026
Figure 16: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Others, 2020 to 2026
Figure 17: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Thermal Devices, 2020 to 2026
Figure 18: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Mechanical Devices, 2020 to 2026
Figure 19: Global Market Attractiveness, by Product, 2020 to 2026
Figure 20: Global Market Attractiveness, by Endoscopic Hemostatic Devices, 2020 to 2026
Figure 21: Global Market Value Share Analysis, by GI Tract Division, 2020 and 2026
Figure 22: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Upper GI Tract Division, 2020 to 2026
Figure 23: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Lower GI Tract Division, 2020 to 2026
Figure 24: Global Market Attractiveness, by GI Tract Division, 2020 to 2026
Figure 25: Global Market Value Share Analysis, by End-user, 2020 and 2026
Figure 26: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Hospitals, 2020 to 2026
Figure 27: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Clinics, 2020 to 2026
Figure 28: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Ambulatory Surgical Centers, 2020 to 2026
Figure 29: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, by Others, 2020 to 2026
Figure 30: Global Market Attractiveness, by End-user, 2020 to 2026
Figure 31: Market: Regional Outlook
Figure 32: Global Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2020 to 2026
Figure 33: Global Market Value Share Analysis, by Region, 2020 and 2026
Figure 34: Global Market Attractiveness, by Region, 2018-2026
Figure 35: North America Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2020 to 2026
Figure 36: North America Market Attractiveness Analysis, by Country, 2020 to 2026
Figure 37: North America Market Value Share Analysis, by Country, 2020 and 2026
Figure 38: North America Market Value Share Analysis, by Product, 2020 and 2026
Figure 39: North America Market Value Share Analysis, by GI Tract Division, 2020 and 2026
Figure 40: North America Market Value Share Analysis, by End-user, 2020 and 2026
Figure 41: North America Market Attractiveness, by Product, 2020 to 2026
Figure 42: North America Market Attractiveness, by Endoscopic Hemostatic Devices, 2020 to 2026
Figure 43: North America Market Attractiveness, by GI Tract Division, 2020 to 2026
Figure 44: North America Market Attractiveness, by End-user, 2020 to 2026
Figure 45: Europe Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2020 to 2026
Figure 46: Europe Market Attractiveness Analysis, by Country/Sub-region, 2020 to 2026
Figure 47: Europe Market Value Share Analysis, by Country/Sub-region, 2020 and 2026
Figure 48: Europe Market Value Share Analysis, by Product, 2020 and 2026
Figure 49: Europe Market Value Share Analysis, by GI Tract Division, 2020 and 2026
Figure 50: Europe Market Value Share Analysis, by End-user, 2020 and 2026
Figure 51: Europe Market Attractiveness, by Product, 2020 to 2026
Figure 52: Europe Market Attractiveness, by Endoscopic Hemostatic Devices, 2020 to 2026
Figure 53: Europe Market Attractiveness, by GI Tract Division, 2020 to 2026
Figure 54: Europe Market Attractiveness, by End-user, 2020 to 2026
Figure 55: Asia Pacific Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2020 to 2026
Figure 56: Asia Pacific Market Attractiveness Analysis, by Country/Sub-region, 2020 to 2026
Figure 57: Asia Pacific Market Value Share Analysis, by Country/Sub-region, 2020 and 2026
Figure 58: Asia Pacific Market Value Share Analysis, by Product, 2020 and 2026
Figure 59: Asia Pacific Market Value Share Analysis, by GI Tract Division, 2020 and 2026
Figure 60: Asia Pacific Market Value Share Analysis, by End-user, 2020 and 2026
Figure 61: Asia Pacific Market Attractiveness, by Product, 2020 to 2026
Figure 62: Asia Pacific Market Attractiveness, by Endoscopic Hemostatic Devices, 2020 to 2026
Figure 63: Asia Pacific Market Attractiveness, by GI Tract Division, 2020 to 2026
Figure 64: Asia Pacific Market Attractiveness, by End-user, 2020 to 2026
Figure 65: Latin America Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2020 to 2026
Figure 66: Latin America Market Attractiveness Analysis, by Country/Sub-region, 2020 to 2026
Figure 67: Latin America Market Value Share Analysis, by Country/Sub-region, 2020 and 2026
Figure 68: Latin America Market Value Share Analysis, by Product, 2020 and 2026
Figure 69: Latin America Market Value Share Analysis, by GI Tract Division, 2020 and 2026
Figure 70: Latin America Market Value Share Analysis, by End-user, 2020 and 2026
Figure 71: Latin America Market Attractiveness, by Product, 2020 to 2026
Figure 72: Latin America Market Attractiveness, by Endoscopic Hemostatic Devices, 2020 to 2026
Figure 73: Latin America Market Attractiveness, by GI Tract Division, 2020 to 2026
Figure 74: Latin America Market Attractiveness, by End-user, 2020 to 2026
Figure 75: Middle East & Africa Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2020 to 2026
Figure 76: Middle East & Africa Market Attractiveness Analysis, by Country/Sub-region, 2020 to 2026
Figure 77: Middle East & Africa Market Value Share Analysis, by Country/Sub-region, 2020 and 2026
Figure 78: Middle East & Africa Market Value Share Analysis, by Product, 2020 and 2026
Figure 79: Middle East & Africa Market Value Share Analysis, by GI Tract Division, 2020 and 2026
Figure 80: Middle East & Africa Market Value Share Analysis, by End-user, 2020 and 2026
Figure 81: Middle East & Africa Market Attractiveness, by Product, 2020 to 2026
Figure 82: Middle East & Africa Market Attractiveness, by Endoscopic Hemostatic Devices, 2020 to 2026
Figure 83: Middle East & Africa Market Attractiveness, by GI Tract Division, 2020 to 2026
Figure 84: Middle East & Africa Market Attractiveness, by End-user, 2020 to 2026
Figure 85: Global Market Share Analysis, by Company (2018)
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the expected growth of the global gastrointestinal bleeding treatment market?
The global gastrointestinal bleeding treatment market is set to grow steadily at 5.1% during the forecast.
Which products are more popular for gastrointestinal bleeding treatment?
Endoscopic hemostasis devices has gained significant traction to treat GI bleeding, capturing more than half of the total market share.
What are the various types of technological advancements in the GI bleeding treatment?
Hemosprays, over-the-scope clips, padlock clips, radiofrequency ablation, and self-expanding metal stents are the technological advancements in GI bleeding treatment.
What growth does Asia-Pacific region expect?
Asia-Pacific region is expected to surpass a valuation of US$ 96.2 Million by 2026.
Gastrointestinal Bleeding Treatment Market