Gastrointestinal Bleeding Treatment Market Size, Share, And Growth Report 2032

Gastrointestinal Bleeding Treatment Market: Size

The global Gastrointestinal Bleeding Treatment Market size was worth around USD 848.4 million in 2023 and is predicted to grow to around USD 1695.97 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.00% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Gastrointestinal Bleeding Treatment Market on a global and regional level.

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Gastrointestinal Bleeding Treatment Market: Overview

Gastrointestinal (GI) bleeding is the bleeding of digestive tracts and is an extremely serious symptom that occurs within the digestive organs like esophagus, stomach, small intestine including the duodenum, rectum, etc. There are two types of GI bleeding, upper and lower. If the bleeding occurs in the stomach that is the initial part of small intestine or in esophagus, it is known as the upper GI bleeding, whereas if bleeding occurs in rectum or initial part of the large intestine then it is called lower GI bleeding. There are various factors responsible for gastrointestinal bleeding. Among them, ulcers are the most common factor affecting the upper GI tract. Fluid resuscitation and airway management are some options for gastrointestinal bleeding treatment.

The gastrointestinal bleeding treatment market is growing due to the rising endoscopic hemostasis demand and increasing geriatric population base. The population suffering from gastrointestinal bleeding majorly affects the age group above 85 years, as per the U.S. National Library of Medicine National Institutes of Health. The problem among the aging population is an epidemiological phenomenon and gastrointestinal bleeding is a growing problem, requiring solution in everyday clinical practice.  Additionally, the growth in the use of endoscopic hemostasis, strategic mergers and acquisitions by key market players, new product launch, and funding from government and non-government bodies for research to spread awareness regarding gastrointestinal bleeding treatment has further propelled the market growth.

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Gastrointestinal Bleeding Treatment Market: Segmentation

The study provides a decisive view of the gastrointestinal bleeding treatment market by segmenting it based on product, GI tract division, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By product, the gastrointestinal bleeding treatment market includes thermal devices, endoscopic hemostatic devices, mechanical device, closure devices, and others.

On the basis of GI tract division, the market includes lower and upper.

By end-user, the market for gastrointestinal bleeding treatment comprises hospitals, clinics, ambulatory surgical centers, and others.

Gastrointestinal Bleeding Treatment Market: Report Scope

Gastrointestinal Bleeding Treatment Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

North America and Europe are anticipated to account for major shares in the gastrointestinal bleeding treatment market globally in the years ahead. The Asia Pacific gastrointestinal bleeding treatment market is expected to register a high rate of growth in the future. There has been a sharp rise in the occurrences of various cardiovascular diseases along with the growing aging population that is accelerating the gastrointestinal bleeding treatment market growth in this region.

Global Gastrointestinal Bleeding Treatment Market: Competitive Players

Some key players operating in the gastrointestinal bleeding treatment market are:

• Erbe Elektromedizin
• CONMED Corporation
• Ovesco Endoscopy
• U.S. Medical Innovations
• Boston Scientific Corporation.

Gastrointestinal Bleeding Treatment Market: Competitive Players

Global Gastrointestinal Bleeding Treatment Market: Product Analysis

• Endoscopic Hemostatic Devices
• Thermal Devices
• Mechanical Devices
• Closure Devices
• Others

Global Gastrointestinal Bleeding Treatment Market: GI Tract Division Analysis

• Upper GI Tract
• Lower GI Tract

Global Gastrointestinal Bleeding Treatment Market: End-User Analysis

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others

Global Gastrointestinal Bleeding Treatment Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa