Gastrointestinal
means pertaining to the intestines and stomach. A tract is a group of
anatomic structures or a sequence of associated body organs.
Gastrointestinal disease refers to diseases that involve
gastrointestinal tract such as the stomach, esophagus, small
intestine, rectum, and the large intestine. It can also be related to
other organs of digestion such as the liver, pancreas, and the
gallbladder. The GI or gastrointestinal tract (also known as GI
tract, alimentary canal, digestive tract, GIT, or gut) is the organ
system within the human body as well as other animals which can take
in food, digest it and absorb essential nutrients and energy, and
excretes the waste as urine and feces. All bilaterians (animals
having a bilateral symmetry) have a GI tract. Primarily, it is a tube
that can transfer food to various organs of digestion. In case of
large bilaterians, the alimentary canal generally has an exit, by
which the animal is able to dispose of feces. However, some
bilaterians that are small in size have no exit or opening and they
dispose of solid wastes by mouth or other means.
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Gastrointestinal
devices used to examine the internal lining of the GI tract are
termed as gastrointestinal devices. An infection or abnormality in
the basic functioning of this gastrointestinal tract is identified by
gastrointestinal devices. The device is useful for detecting the root
cause of many ailments concerning the gastrointestinal tract, such as
vomiting, abdominal bleeding, persistent pain, tumor, and
inflammation that affects the esophagus, stomach, and duodenum. In
addition to detection, gastrointestinal devices also help in treating
these diseases. Gastroesophageal reflux disease, colon cancer, ulcer,
hemorrhoids, diverticulitis, Crohn’s disease, and bowel syndrome
are some of the examples GI disease. Higher prevalence of these
diseases due to high consumption of fast food and sedentary lifestyle
are projected to drive growth of the overall gastrointestinal devices
market.
Increasing
prevalence of gastroesophageal reflux disease and increase in
colorectal cancer to drive growth of the overall gastrointestinal
devices market
According
to a report published by Healthline in 2012, pregnant women and
persons above the age of 40 years are at a higher risk of
gastroesophageal disease. The report further states that 25% of
pregnant women experience symptoms of the disease, and it increases
with time. Around 65% of patients who suffer from acid refluxes are
40 years of age or older. The occurrence of gastroesophageal reflux
disease, especially in North America is growing at an alarming rate.
This is mainly attributed to the sedentary lifestyle and high
consumption of fast food in the region. According to the American
Cancer Society, in 2017, colorectal cancer is expected to lead to
50,260 deaths in the U.S. Therefore, the gastrointestinal devices
market in this region is expected to grow at a significant rate over
the forecast period.
Competitive
Landscape
Some
of the companies operating in the gastrointestinal devices market in
the current scenario are Boston Scientific Corporation, Johnson &
Johnson Ltd., Covidien Ltd., Fujinon Ltd., Stryker Corporation,
Conmed Corporation, Medtronic, Karl Storz, and Olympus Corporation.
Gastrointestinal
Devices Market Taxonomy
On
the basis of product type, the global market is classified into:
-
GI endoscopes
-
GI instruments
-
GI accessories
On
the basis of end user, the global market is classified into:
-
Diagnostic Centers
-
Hospitals
-
Ambulatory Surgical Centers
-
Others
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Devices Market Analysis
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