Global GERD Drug and Devices Market – Global Industry Analysis and Forecast (2018-2026)
Global GERD Drug and Devices Market was valued US$ 5658 Mn in 2017 and is expected to reach US$ 6220 Mn by 2026, at a CAGR of 1.19% during a forecast period.
The Gastro-esophageal reflux disease (GERD) drug and devices market is segmented into type, devices, and region.
In terms of type, global GERD drug and devices market is classified into antacids, h2 receptor blockers, proton pump inhibitors, and pro-kinetic agents. Based on a device, global GERD drug, and devices market is divided into digitrapper, bravo system, stretta, Linx reflux management system, medigus ultrasonic surgical endostapler, and other devices.
Based on regions, the global GERD drug and devices market is divided into five main regions are North America, Europe, Asia-pacific, South America and Middle East & Africa.
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Gastro-esophageal reflux disease (GERD) is a chronic digestive disorder that occurs due to complications arising in the esophagus. Gastro-esophageal reflux disease is a chronic and highly prevalent medical problem
In terms of type, antacids are preferred as first-line therapy for mild and infrequent symptoms as they immediately neutralize gastric acid secretions. The body well absorbs H2 receptor blockers and provide quick relief from the esophagus symptoms. Proton pump inhibitors inhibit gastric acid secretion by inhibition of the H+/K+ ATPase enzyme system in the gastric parietal cells. Pro-kinetic agents, also known as promobility agents, stimulate the muscles of the gastrointestinal tract and strengthen lower esophageal sphincter, thereby reducing acid reflux into the esophagus.
Based on devices, digitrapper reflux testing system observes & records the extra-esophageal symptoms of acid reflux. The Bravo System is a diagnostic system to determine the frequency & duration of acid reflux. Medigus ultrasonic surgical endostapler is an endoscopic device used for transoral fundoplication.
The major driving factor of the global GERD drug and devices market is a growing trend of self-medication and increasing awareness about GERD. Additionally, increasing occurrence of GERD disorders, as well as changes in lifestyle, is also boosting the growth of the global GERD drug and devices market. Factors such as the consumption of fast food, stress, and intake of alcohol and aerated drinks are led to the rise in prevalence of GERD across the globe.
Patent expiry and an adverse effect of proton pump inhibitors are the major factors hindering the GERD drug and devices market.
Due to side effects of drugs on long-term use, patients who fail to respond to medication & the availability of new technology is a major opportunity of the global GERD drug and devices market.
Geographically, North America is expected to hold the largest share during the forecast period due to the possibilities of the presence of a large patient population suffering from heartburn and the availability of OTC generics. The rise in the incidence of GERD in North America is responsible for the increase in demand for acid reducing and neutralizing drugs.
A key player operating in global GERD drug and devices market are AstraZeneca PLC, Boston Scientific Corporation, Cempra Inc., Eisai Co., Ltd., EndoGastric Solutions Inc., EndoStim Inc., GlaxoSmithKline Plc, Ironwood Pharmaceuticals, Inc. Jeil Pharmaceutical Co. Ltd., Johnson & Johnson, Mederi Therapeutics Inc., Medigus Ltd., Medtronic Inc., Merck & CO., Inc., Novartis AG, Pfizer Inc., Takeda Pharmaceutical Company Limited, Teva Pharmaceuticals Industries Limited., Torax Medical, and Valeant Pharmaceuticals International, Inc.
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Scope of Global GERD Drug and devices market:
Global GERD Drug and devices market, by Type:
• Antacids
• H2 Receptor Blockers
• Proton Pump Inhibitors
• Pro-Kinetic Agents
Global GERD Drug and devices market, by Devices:
• Digitrapper
• Bravo System
• Stretta
• Linx Reflux Management System
• Medigus Ultrasonic Surgical Endostapler
• Other Devices
Global GERD Drug and devices market, by Region:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Player Operating in Global GERD Drug and devices market:
• AstraZeneca PLC
• Boston Scientific Corporation
• Cempra Inc.
• Eisai Co., Ltd.
• EndoGastric Solutions Inc.
• EndoStim Inc.
• GlaxoSmithKline Plc
• Ironwood Pharmaceuticals, Inc.
• Jeil Pharmaceutical Co. Ltd.
• Johnson & Johnson
• Mederi Therapeutics Inc.
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MAJOR TOC OF THE REPORT
Chapter One: GERD Drug and devices Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global GERD Drug and devices Market Competition, by Players
Chapter Four: Global GERD Drug and devices Market Size by Regions
Chapter Five: North America GERD Drug and devices Revenue by Countries
Chapter Six: Europe GERD Drug and devices Revenue by Countries
Chapter Seven: Asia-Pacific GERD Drug and devices Revenue by Countries
Chapter Eight: South America GERD Drug and devices Revenue by Countries
Chapter Nine: Middle East and Africa Revenue GERD Drug and devices by Countries
Chapter Ten: Global GERD Drug and devices Market Segment by Type
Chapter Eleven: Global GERD Drug and devices Market Segment by Application
Chapter Twelve: Global GERD Drug and devices Market Size Forecast (2019-2026)
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