Gastroesophageal Reflux Disease (GERD) Device Market Size, Share, Device Type (Anti-Reflux Surgery Devices, Endoscopic Devices, Drug Delivery Devices Surgery, Monitoring Devices, and Others), Application (Treatment, Diagnostics, and Monitoring), End-User (Hospitals, Ambulatory Surgery Centers, and Others), and Region - Trends, Analysis, and Forecast Till 2034

Report Code: PMI560224 | Publish Date: September 2024 | No. of Pages: 172

Gastroesophageal Reflux Disease Gerd Device Market Overview

  • The gastroesophageal reflux disease (GERD) device market size is expected to be USD 6.52 Billion by 2034.
  • The market was valued at USD 5.53 Billion in 2024.
  • The market is growing at a CAGR of 1.8% during the forecast period.

Gastroesophageal Reflux Disease devices are medical instruments designed to cure chronic acid reflux by attacking the very roots of this disease. These instruments strengthen the lower esophageal sphincter- a muscular ring located at the bottom of the esophagus, which guards against the backward flow of stomach contents. In patients with GERD, this sphincter is either weak or defective and thus promotes frequent reflux episodes. Surging prevalence of GERD is expected to propel market expansion during the forecast period.

Key Takeaways:

  • North America presently holds the largest GERD devices market share, owing to most cases being contributed by the U.S. and Canada. 
  • Asia Pacific is registering a fast growth rate due to increasing awareness about GERD, better access to healthcare, and the growth of lifestyle diseases.

Gastroesophageal Reflux Disease (GERD) Device Market Forecast Period 2034

Gastroesophageal Reflux Disease Gerd Device Market Drivers & Restraints

Rising Prevalence of GERD Aids Market Expansion

  • The increasing prevalence of the disease due to lifestyle factors such as obesity, unhealthy diet, and stress will create opportunities for new effective treatment options. It, therefore, encourages demand for GERD devices, presenting alternatives to traditional management.

Technological Advancements to Augment Market Expansion

  • This includes the technological advancement of innovative GERD devices, such as minimally invasive surgical options and advanced endoscopic procedures. These technical advances improve patient outcomes by reducing recovery time and enhancing the quality of life.

Growing Awareness and Acceptance to Boost Market Growth

  • Awareness and acceptance are improving as patients and medical professionals become more aware of the condition. Thus, increasing awareness about the condition has motivated people suffering from GERD to adopt advanced devices that may help them manage their symptoms.

Restraints:

High Costs Can Impede Market Expansion

  • The acquisition costs of the GERD device are high, though implementation costs are almost the same for every individual. All this means the high cost of treatment creates a big hurdle in market growth, especially in those areas where healthcare resources could be better. Further, continuous maintenance and monitoring of these devices increase the overall cost burden on patients and healthcare facilities. Insurance coverage for GERD devices is also limited, as many require significant out-of-pocket expenses. These can discourage patients from opting for advanced treatment options, even if it is beneficial for them.

Opportunities:

Emerging Markets to Provide Better Opportunities in the Future

  • The middle-class population in emerging countries, such as India, China, and Brazil provides huge scope for the growth of the device market in GERD. Increased disposable income spending due to growing healthcare infrastructure will see a surge in demand for advanced medical treatments, such as GERD devices. This trend is more pronounced in urban areas as the population becomes wealthier and more health-conscious. Moreover, the increase in lifestyle-oriented diseases, including obesity and diabetes, acting as risk factors for GERD, further propels the demand for effective treatment modalities.

Gastroesophageal Reflux Disease Gerd Device Market Segmentations & Regional Insights

Device type, application, end-user, and region are the segments in which the gastroesophageal reflux disease (GERD) device market is divided.

Device Type Insights:

By device type, the market is classified into anti-reflux surgery devices, endoscopic devices, drug delivery devices surgery, monitoring devices, and others. The anti-reflux surgery devices segment is expected to dominate the market during the forecast period. The wide use of these devices in surgical procedures, such as fundoplication, boost the segment growth in the market.

Application Insights:

By application, the market is classified into treatment, diagnostics, and monitoring. The treatment segment is expected to lead the market during the forecast period owing to the high demand for minimally invasive and highly effective treatment options available globally.

End-User Insights:

On the basis of end-user, the market is classified into hospitals, ambulatory surgery centers, and others. The hospitals segment holds the largest gastroesophageal reflux disease (GERD) device market share as they consume the highest number of GERD devices due to the presence of modern facilities for diagnostic, surgical, and monitoring procedures.

Regional Insights:

Geographically, the market is studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

  • North America: North America presently holds the largest GERD devices market share, owing to most cases being contributed by the U.S. and Canada. This could be attributed to a high prevalence rate of GERD along with strong healthcare infrastructure and rising awareness regarding available treatment options. Moreover, technological development and high healthcare expenditure will further enable market growth in this region.
  • Asia Pacific: The market is registering a fast growth rate due to increasing awareness about GERD, better access to healthcare, and the growth of lifestyle diseases. In addition to these factors, this region is also showing growth due to the rise in medical tourism and an increase in the number of investors who invest in improving healthcare infrastructure.

Gastroesophageal Reflux Disease (GERD) Device Market By Regional Insights Forecast Period 2034

Gastroesophageal Reflux Disease (GERD) Device Market Report Scope:

Attribute

Details

Market Size 2024

USD 5.53 Billion 

Projected Market Size 2034

USD 6.52 Billion

CAGR Growth Rate

1.8%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Device Type - Anti-Reflux Surgery Devices, Endoscopic Devices, Drug Delivery Devices Surgery, Monitoring Devices, and Others.

By Application- Treatment, Diagnostics, and Monitoring.

By End-User - Hospitals, Ambulatory Surgery Centers, and Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Device Type:

By Application:

  • Treatment
  • Diagnostics
  • Monitoring

By End-User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

By Region:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Gastroesophageal Reflux Disease Gerd Device Market Competitive Landscape & Key Players

The key players operating the gastroesophageal reflux disease gerd device market are Medtronic PLC, Boston Scientific Corporation, and others. These major market players are adopting strategies, such as new product launches and partnerships and collaborations to their dominance in the market.

List of Key Players in the Market:

  • Medtronic PLC
  • Johnson & Johnson Services, Inc.
  • Boston Scientific Corporation
  • EndoStim, Inc.
  • Olympus Corporation
  • Laborie Medical Technologies
  • Medigus Ltd.
  • Mederi Therapeutics Inc.
  • Ethicon, Inc. (A subsidiary of Johnson & Johnson)
  • Torax Medical, Inc. (Acquired by Medtronic)
  • Koninklijke Philips N.V.
  • Cook Medical Inc.
  • Diversatek Healthcare Inc.
  • C2 Therapeutics
  • FUJIFILM Holdings Corporation

Gastroesophageal Reflux Disease (GERD) Device Market By Key Players Insights Forecast Period 2034

Gastroesophageal Reflux Disease Gerd Device Market Recent News

  • In August 2024, Medtronic announced the launch of its new Linx Reflux Management System, an advanced anti-reflux surgery device. The system incorporates enhanced magnetic ring technology to improve durability and patient outcomes. This launch reflects Medtronic's commitment to advancing minimally invasive GERD treatments and addressing unmet needs in chronic reflux management.
  • In July 2024, Boston Scientific introduced an upgraded version of its Endoscopic Suture System, which enhances the precision and efficiency of endoscopic anti-reflux procedures. The new system features a streamlined delivery mechanism and improved suture materials to reduce procedure times and enhance patient comfort.
  • In June 2024, Johnson & Johnson announced a strategic partnership with EndoStim to co-develop next-generation neuromodulation therapies for GERD. This collaboration integrates EndoStim’s neurostimulation technology with Johnson & Johnson’s surgical expertise to offer more effective treatment options for severe GERD cases.

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Gastroesophageal Reflux Disease Gerd Device Market Company Profile

Company Name

Living DNA Ltd.

Headquarters

New Jersey, U.S.

CEO

Joaquin Duato

Employee Count (2024)

150,000 Employees

FAQs

Gastroesophageal Reflux Disease (GERD) Device Market Size was valued at USD 5.53 Billion in 2024 and is expected to reach USD 6.52 Billion by 2034, growing at a CAGR of 1.8%

Gastroesophageal Reflux Disease (GERD) Device Market is segmented into Device Type, Application, End-User, and Region.

The market is being driven by factors such as the rising prevalence of GERD, technological advancements, and growing awareness and acceptance.

The restraints of the Gastroesophageal Reflux Disease (GERD) Device market include the high acquisition costs, though implementation costs are almost the same for every individual.

The Gastroesophageal Reflux Disease (GERD) Device Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Gastroesophageal Reflux Disease (GERD) Device Market include Medtronic PLC, Johnson & Johnson Services, Inc., Boston Scientific Corporation, EndoStim, Inc., Olympus Corporation, Laborie Medical Technologies, Medigus Ltd., Mederi Therapeutics Inc., Ethicon, Inc. (A subsidiary of Johnson & Johnson), Torax Medical, Inc. (Acquired by Medtronic), Koninklijke Philips N.V., Cook Medical Inc., Diversatek Healthcare Inc., C2 Therapeutics, FUJIFILM Holdings Corporation.