Published by Coherent Market Insights
Posted on September 30, 2021
3 min readLast updated: February 1, 2026
The gastrointestinal devices market is growing due to disease prevalence and new technologies, with Asia Pacific as a key region.
Increasing prevalence of gastrointestinal diseases is expected to propel growth of gastrointestinal devices market. According to the study, ‘A study of prevalence and determinants of irritable bowel syndrome in an urban slum community in Mumbai’, published in November 2018, the prevalence of irritable bowel syndrome was 12.27%, of which 56% were males and 44% were females.
The gastrointestinal devices market includes GI endoscope devices, capsule endoscope, stent devices and other endoscope equipment. R&D of new endoscopy technologies is also expected to aid in growth of the market. In June 2020, Xenocor, Inc. received the U.S. patent in connection with the Xenoscope Single-use Laparoscopic System, which provides valuable protection for materials used in the disposable scope that reduce fogging and improve the clarity of the resulting images provided by the system.
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Major players operating in the gastrointestinal devices market include, Boston Scientific Corporation, Johnson & Johnson Ltd., Covidien Ltd., Fujinon Ltd., Stryker Corporation, Conmed Corporation, Medtronic, Karl Storz, and Olympus Corporation. The Asia Pacific market is a major consumer of gastrointestinal devices in the world. Asia Pacific countries comprise a broad geographic area including such countries as Vietnam, Taiwan, Malaysia, China and Japan. As the demand for procedures involving surgical procedures are widespread in Asia Pacific, companies in this region are continually making an effort to enter into the US and European markets.
The gastrointestinal devices market in Asia is characterized by a number of unique features. The first aspect is the ease with which patients can use the equipment. In most cases, doctors are able to get the endoscopy procedure completed within one hour without any need for technical assistance. This aspect is highly appreciated in countries that do not have access to modern endoscopy devices. Another aspect is the cost of medical devices in this region. Despite the current economic situation, healthcare costs remain affordable in this part of the world as compared to other areas.
The second aspect of the gastrointestinal devices market in Asia is the extensive range of medical devices in this part of the world. In most cases, devices are available on the local pharmacy shelves. This aspect is highly appreciated as most Americans and Europeans prefer to go to Asia for diagnostic tests. In addition, the reimbursement policy for the devices is quite beneficial to the doctors and other health care professionals involved in the procedure. One of the major aspects of the competitive landscape market overview is the emergence of new players from Korea and Taiwan in the endoscopy devices market.
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The post Gastrointestinal Devices Market Industry Insights, Trends, Outlook, and Analysis, 2018-2026 | Boston Scientific Corporation, Johnson & Johnson Ltd., Covidien Ltd appeared first on Gatorledger.
The article discusses the gastrointestinal devices market, including trends, key players, and regional insights.
Asia Pacific is a major consumer, with efforts to enter US and European markets.
Major players include Boston Scientific, Johnson & Johnson, and Covidien Ltd.
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