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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 market size was USD 808 million in 2023 and is expected to register 7.9% CAGR from 2024-2032 owing to the rising cases of gastrointestinal disorders such as peptic ulcers, gastritis, and colorectal cancer worldwide.
Gastrointestinal bleeding treatment industry from the endoscopic hemostatic devices segment recorded USD 498.8 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their high efficacy and minimally invasive nature.
North America gastrointestinal bleeding treatment industry held 41.6% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the high prevalence of gastrointestinal disorders in the region.
CONMED Corporation, Cook Group, ERBE Elektromedizin GmbH, Medtronic PLC, Olympus Corporation, Ovesco Endoscopy AG, Pfizer Inc., STERIS PLC, and US Medical Innovations, are some of the major gastrointestinal bleeding treatment companies worldwide.