Gastrointestinal Bleeding Treatment Market – By Product (Endoscopic Hemostatic Devices [Mechanical, Thermal], Closure Devices), GI Tract Division (Upper, Lower), Onset (Acute, Chronic), End-use (Hospitals, ASCs) - Global Forecast (2024 – 2032)
Report ID: GMI8601
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Published Date: March 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 10
Tables & Figures: 289
Countries covered: 19
Pages: 165
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Gastrointestinal Bleeding Treatment Market
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Gastrointestinal Bleeding Treatment Market Size
Gastrointestinal Bleeding Treatment Market size was valued at USD 808 million in 2023 and is expected to reach USD 1.6 billion by 2032, growing at a CAGR of 7.9% over the analysis period. One of the primary drivers is rising cases of gastrointestinal disorders such as peptic ulcers, gastritis, and colorectal cancer, which lead to bleeding in the digestive tract.
Additionally, the rising geriatric population, who are more prone to gastrointestinal bleeding due to age-related changes in the digestive system, is contributing to market growth. For instance, studies have shown that the rate of admission for acute upper GI bleeding increases significantly with age, with a 30-fold increase between the third and ninth decades of life. Moreover, technological advancements in endoscopy procedures and diagnostic imaging techniques have further fuelled market expansion by increasing the diagnosis and treatment adoption of gastrointestinal bleeding.
Gastrointestinal bleeding, also known as GI bleeding, refers to any bleeding that occurs in the gastrointestinal tract, which includes the oesophagus, stomach, small intestine, large intestine (colon), rectum, and anus. Gastrointestinal bleeding treatment refers to the medical interventions aimed at stopping or managing bleeding in the gastrointestinal tract. This can include various approaches depending on the cause and severity of the bleeding, such as endoscopic procedures, surgery, and supportive care. The goal is to stabilize the patient, control bleeding, and prevent complications.
Gastrointestinal Bleeding Treatment Market Trends
Gastrointestinal Bleeding Treatment Market Analysis
Based on product, the market is segmented into endoscopic hemostatic devices, closure devices, and other products. The endoscopic hemostatic devices segment is further divided into endoscopic mechanical devices and endoscopic thermal devices. The endoscopic hemostatic devices segment dominated the market with revenue of USD 498.8 million in 2023.
Based on GI tract division, the gastrointestinal bleeding treatment market is segmented into upper GI tract and lower GI tract. The upper GI tract segment held a dominant market share of 72.4% in 2023.
Based on onset, the gastrointestinal bleeding treatment market is classified into acute and chronic. The acute segment is expected to reach USD 1.1 billion by 2032.
Based on end-use, the gastrointestinal bleeding treatment market is classified into hospitals, ambulatory surgical centers, and other end-users. The hospitals segment dominated the market in 2023 and is anticipated to grow at 7.8% CAGR between 2024- 2032.
In 2023, North America held a market share of 41.6% in the global gastrointestinal bleeding treatment market and is expected to reach USD 635.7 million by 2032.
Gastrointestinal Bleeding Treatment Market Share
The market is characterized by the presence of established players offering a range of products for gastrointestinal bleeding treatment. Key players compete on factors such as product diversity, product efficacy, safety profile, pricing, distribution networks, and brand reputation. Continuous focus on innovation, strategic partnerships, mergers, and acquisitions are common strategies employed by market players to gain a competitive edge in this dynamic and evolving market.
Prominent players operating in the gastrointestinal bleeding treatment industry are as mentioned below:
Gastrointestinal Bleeding Treatment Industry News
The gastrointestinal bleeding treatment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 - 2032 for the following segments:
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Market, By Product
Market, By GI Tract Division
Market, By Onset
Market, By End-use
The above information is provided for the following regions and countries: