The gastroenterology market comprises medical devices used for the diagnosis and treatment of digestive disorders. Key product types include endoscopy devices, biopsy devices, endoscopic retrograde cholangiopancreatography (ERCP) devices, capsules endoscopes, and gastrointestinal stents. Endoscopy devices allow internal visualization and minimally invasive procedures to treat gastrointestinal conditions. There is a growing prevalence of gastrointestinal cancers and inflammatory bowel diseases, driving the demand for advanced endoscopy solutions.

The Global gastroenterology market is estimated to be valued at US$ 35.12 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the gastroenterology market are Allied Digestive Health, Boston Scientific, Capital Digestive Care, CRH Medical, Iterative Scopes, Fujifilm Medical, Gastro Health, GI Alliance, Medtronic, Micro-Tech Endoscopy, Motus GI, Olympus, One GI, PE GI Solutions, Peak Gastroenterology Associates, Pentax Medical, Pinnacle GI Partners, Saneso, Surgical Innovations, Wision A.I. The market offers opportunities for technology integration with artificial intelligence and development of single-use endoscopes. Advancements in endoscopy systems include capsule endoscopes, ultrasound endoscopes, rotating endoscopes, and 4K ultra-high definition (UHD) endoscopes.

Market Drivers
The rising prevalence of Gastroenterology Market Size disorders is a major growth driver for the market. According to the National Cancer Institute, there were over 1.9 million new cases of cancer diagnosed in the United States in 2020, with colorectal cancer being the third most common.

The increasing application of endoscopy procedures to detect and diagnose gastrointestinal cancers at an early stage will propel market growth. Additionally, growing geriatric population who are more susceptible to digestive diseases also contributes to market revenue.

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