Japan endoluminal suturing devices market is likely to grow at a rate of over 11.4% over the forecast timeframe due to the increasing gastroesophageal reflux diseases cases. As per The Turkish Society of Gastroenterology, the prevalence of GERD in Japan was measured to be at 16.5%. Moreover, higher pervasiveness of the disease is attributed to the shift towards an unhealthy diet, thereby driving market growth.
The endoluminal suturing devices market is anticipated to witness a remunerative growth trend owing to the rising prevalence of gastroesophageal diseases and obesity. Increasing disease burden will further have a positive influence on the demand for these endoluminal suturing devices, boosting market growth. Moreover, increasing preference for minimally invasive procedures for treating chronic diseases like obesity will fuel the demand for these devices over the estimated time period.
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The Centers for Disease Control and Prevention (CDC) reports that the occurrence of obesity among U.S. adults was approximately 42.4% between 2017 and 2018. Since older people are more susceptible to various chronic diseases, a large geriatric population base will certainly boost the adoption of endoluminal suturing devices in the near future.
The past few decades have observed a shifting consumer preference towards non-invasive and minimally invasive medical procedures. Endoluminal suturing devices serve as a preferable minimally invasive option for the treatment of obesity and other chronic gastrointestinal diseases. These devices offer several benefits such as faster recovery time, shorter hospital stay, and lower risk of post-surgery complications.
Based on end-use, in 2017, the ambulatory surgical centers contributed to an industry share of approximately $8.6 million. The growth is ascribed to the growing number of individuals choosing treatment for chronic disorders at economic costs across ambulatory surgical centers. Furthermore, development of more advanced endoluminal devices coupled with the rising patient pool will make a positive impact on endoluminal suturing devices market growth.
In terms of application, reflux disease segment is likely to exhibit substantial growth rate of 13.9% through the analysis timeframe due to the rising disease prevalence. As per the International Foundation for Gastrointestinal Disorders, approximately 18 million individuals suffered from GERD which affected around 1 in 5 individuals in 2014. With the number of individuals suffering from GERD rising at a momentous pace , the endoluminal suturing devices demand is likely to increase tremendously.
The competitive landscape of endoluminal suturing devices market includes Ethicon Endo-Surgery, Inc. (Johnson and Johnson), Medtronic, and Apollo Endosurgery, Inc. among others.
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Partial Chapter of the Table of Content
Chapter 4. Endoluminal Suturing Devices Market, By Application
4.1. Key segment trends
4.2. Bariatric surgery
4.2.1. Market size, by region, 2013 – 2024 (USD Million)
4.3. Gastrointestinal defects
4.3.1. Endoluminal Suturing Devices Market size, by region, 2013 – 2024 (USD Million)
4.4. Gastroesophageal reflux disease (GERD)
4.4.1. Market size, by region, 2013 – 2024 (USD Million)
4.5.1. Market size, by region, 2013 – 2024 (USD Million)
Chapter 5. Endoluminal Suturing Devices Market, By End-use
5.1. Key segment trends
5.2.1. Market size, by region, 2013 – 2024 (USD Million)
5.3. Ambulatory surgical centers
5.3.1. Market size, by region, 2013 – 2024 (USD Million)
5.4.1. Market size, by region, 2013 – 2024 (USD Million)
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