Product Description
Overall, the U.S. gastrointestinal endoscopic device market was valued at $3.5 billion in 2020. Due to the global COVID-19 pandemic, this was a 20% decrease from the 2019 market value. However, this is expected to increase over the forecast period at a CAGR of 14% to reach nearly $9 billion by 2027.
Currently, the top competitors within the U.S. gastrointestinal endoscopic device market are Exact Sciences, Boston Scientific, and Olympus. Exact Sciences was the leading competitor in the total U.S. GI market in 2020 due to its monopoly within the FIT-DNA test segment.
Throughout this medical market research, we analyzed over 45 gastrointestinal endoscopic device companies in the U.S. and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, procedure volumes, and to create accurate forecasts.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Numbers
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2027, and Historical Data to 2017
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
PROCEDURE NUMBERS
Throughout this study on the U.S. gastrointestinal endoscopic device market, iData Research has performed an analysis on fecal Immunochemical test for DNA (FIT-DNA), gastrointestinal (GI) endoscopy, capsule endoscopy, virtual colonoscopy, stenting, dilation, tissue biopsy, polypectomy snare, specimen retrieval, foreign-body, hemostasis, enteral feeding tube placement, anti-reflux device implantation, and Barrett’s esophagus ablation procedures to increase the accuracy of our market sizing and provide you with the volume of procedures over a 10-year range.
U.S. GASTROINTESTINAL ENDOSCOPIC DEVICE MARKET INSIGHTS
The demand side of the market continues to undergo consolidation, with hospitals acquiring outpatient facilities and the reach of group purchasing organizations (GPOs) expanding. Conversely, several factors will contribute to market growth over the forecast period, including the growing prevalence of GI-related conditions, tremendous growth in the adoption of colorectal cancer screening programs, and the adoption of new technologies. Combined, these will result in a net positive effect on future growth in the U.S. gastrointestinal endoscopic device space.
MARKET SEGMENTATION SUMMARY
- FIT-DNA Tests Market
- Fecal immunochemical test for DNA (FIT-DNA)
- Gastrointestinal Endoscopes Market – Includes:
- New Reusable Gastrointestinal Endoscopes, Refurbished Reusable Gastrointestinal Endoscopes, Reusable Endoscope Service, Single-Use Gastrointestinal Endoscopes
- Endoscope Distal Attachment Cap Market
- Accessories used in a variety of endoscopic procedures
- Capsule Endoscopy Market – Includes:
- Camera Capsule, Data Recorder
- Virtual Colonoscopy Software Market
- The procedure used for screening the large intestine for any polyps, colorectal cancer, or other diseases/defects
- Stenting & Dilation Market – Includes:
- Esophageal Stent, Duodenal Stent, Colonic Stent, Esophageal Dilation Balloon, Duodenal Dilation Balloon, Colonic Dilation Balloon
- Endoscopic Retrograde Cholangiopancreatography (ERCP) Device Market – Includes:
- Sphincterotome, Biliary Stone Removal Balloon, Biliary Stone Removal Basket, Biliary Dilation Balloon, Biliary Lithotripter, Biliary and Pancreatic Stent, Biliary Lithotripter, ERCP Guidewire, ERCP Cannula
- Biopsy Forceps, Polypectomy Snares & EUS-Needles Market – Includes:
- Biopsy Forceps, Polypectomy Snare, EUS Needle Market
- Endoscopic Submucosal Dissection Knife Market
- A procedure for removing lesions en bloc, regardless of location, shape, and size of tumors in the GI tract
- Submucosal Lifting Agent Market
- The submucosal injection is essential for most EMR and ESD procedures and it helps prevent bleeding for polypectomy procedures
- Specimen & Foreign-Body Removal Device Market – Includes:
- Specimen Retrieval Device, Foreign-Body Removal Device
- Hemostasis Device Market – Includes:
- Electrosurgical Generator, Hemostasis Probes, Ligation Device, Sclerotherapy Needle
- Enteral Feeding Device Market – Includes:
- Enteral Feeding Pump, Enteral Feeding Tube, Enteral Feeding Set
- Anti-Reflux Device Market
- Used to treat gastroesophageal reflux disease (GERD)
- Barret’s Esophagus Ablation Device Market – Includes:
- Ablation Device Market, Ablation Catheter Market
U.S. GASTROINTESTINAL ENDOSCOPIC DEVICES MARKET SHARE INSIGHTS
The U.S. gastrointestinal endoscopic device market was controlled by Exact Sciences, Boston Scientific, and Olympus. In 2020, the largest leading competitor in the GI endoscopic device market was Exact Sciences. Exact Sciences entered the GI space in 2014 by developing the FIT-DNA and being the only company to offer this test.
RESEARCH SCOPE SUMMARY
Report Attribute | Details |
---|---|
Region | North America (United States) |
Base Year | 2020 |
Forecast | 2021-2027 |
Historical Data | 2017-2020 |
Quantitative Coverage | Procedure Numbers, Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
Qualitative Coverage | COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, Disease Overviews. |
Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |