The gastrointestinal bleeding treatment devices market size has been experiencing strong growth in the recent years. There was an increase from $0.87 billion in 2024 to $0.93 billion in 2025, at a compound annual growth rate (CAGR) of 6.1%. This growth can be ascribed to aging population, lifestyle factors, healthcare infrastructure, gastrointestinal disorders, and endoscopy advances.
The market size is forecasted to see robust growth in the upcoming years, reaching $1.3 billion by 2029 at a CAGR of 8.9%. The factors contributing to this growth are patient-centric care, regulatory changes, telemedicine, remote consultations, increasing gastrointestinal disorders, and healthcare investment. Emerging trends include non-invasive diagnostic technologies, precision medicine, remote monitoring, and telehealth, as well as artificial intelligence and machine learning.
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What Are The Key Drivers For The Growth Of Gastrointestinal Bleeding Treatment Devices Market?
The rising incidences of upper gastrointestinal bleeding are expected to drive the growth of the gastrointestinal bleeding treatment devices market. Upper gastrointestinal (GI) bleeding, occurring in the esophagus, stomach, or upper part of the small intestine, can be caused by peptic ulcers, esophagitis, enteritis, gastritis, cancer, and other reasons. In the UK, the incidence of acute upper GI bleeding ranges from 84-172 per 100,000 of the population per year. Furthermore, in-hospital mortality rates for upper GI bleeds stand at about 10%. These factors underline the increasing demand for effective treatment solutions, thereby aiding the market’s growth.
What Are the Key Segments of The Global Gastrointestinal Bleeding Treatment Devices Market?
1) By Product: Endoscopic Thermal Devices, Other Products
2) By GI Tract Division: Upper GI Tract, Lower GI Tract
3) By End User: Hospitals Or Clinics, Ambulatory Surgical Centers, Other End-users
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Which Major Players Are Driving The Gastrointestinal Bleeding Treatment Devices Market?
Major companies operating in the gastrointestinal bleeding treatment devices market include CONMED Corporation, Boston Scientific Corporation, Ovesco Endoscopy AG, Olympus Corporation, Cook Medical, Erbe Elektromedizin GmbH, Steris plc., Medtronic, Johnson & Johnson, Abbott Laboratories, Fujifilm Holdings Corporation, Pentax Medical, Merit Medical Systems, Teleflex Incorporated, AngioDynamics, BTG International Ltd., Medline Industries Inc. Smiths Medical, Terumo Corporation, Nipro Corporation, ConvaTec Group PLC, Coloplast A/S, Hollister Incorporated, Wellspect HealthCare, C. R. Bard Inc., EndoChoice Holdings Inc., GI Supply Inc., Hemostasis LLC.
What Are The Current Market Trends In Gastrointestinal Bleeding Treatment Devices Industry
Companies in the market are focusing on developing advanced solutions, such as EVIS X1 endoscopy system, to enhance diagnostic accuracy, improve patient outcomes, and streamline clinical workflows. This advanced endoscopic imaging platform is designed to improve diagnostic capabilities and therapeutic interventions.
Which Region Is Projected To Grow At A Fastest Rate In The Gastrointestinal Bleeding Treatment Devices Market?
North America was the largest region in the gastrointestinal bleeding treatment devices market in 2024, and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What Does The Gastrointestinal Bleeding Treatment Devices Market Report 2025 Offer?
Gastrointestinal (GI) bleeding is an illness symptom where the gastrointestinal system bleeds. This could occur anywhere in the gastrointestinal system, including the large intestine, anus, esophagus, small intestine, rectum, and stomach. The Gastrointestinal Bleeding Treatment Devices Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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