Gastroesophageal Reflux Disease (GERD) Devices Market - Key Research Findings
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Global gastroesophageal reflux disease devices market size in 2017 – Over US$ 970 Mn
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The gastroesophageal reflux disease devices market will observe just-over 4% CAGR over 2018-2028
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According to World Gastroenterology Organization,
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North America will remain the largest regional markets for gastroesophageal reflux disease devices
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Gastroesophageal reflux disease (GERD) is the most prevalent gastrointestinal disease in the US as the rate of obesity is very high.
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The high rate of obesity in the US is one of the major factors contributing to the growth of gastroesophageal reflux disease devices market within North America.
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Asia Pacific holds high growth potential for gastroesophageal reflux disease devices market
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By product type, esophagoscopes and gastroscopes, hold the maximum market share in the gastroesophageal reflux disease devices market.
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The diagnostic devices as a segment of gastroesophageal reflux disease devices market covers esophageal manometry system and PH monitoring device.
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The treatment devices, which is another key segment of gastroesophageal reflux disease devices market, cover ultrasonic surgical endostapler, fundoplication gastroesophageal reflux disease devices, sphincter augmentation gastroesophageal reflux disease devices, and radiofrequency ablation gastroesophageal reflux disease devices.
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Top 3 Factors Shaping Gastroesophageal Reflux Disease Devices Market
The increasing prevalence of gastroesophageal reflux disease is correlated with the increasing prevalence of obesity in many countries and presence of other poor diet and lifestyle factors. This increases the demand of gastroesophageal reflux disease devices. The difference in the prevalence of gastroesophageal reflux does not depend on the gender, but males are expected to face a higher rate of complications, associated with the disease. The prevalence or gastroesophageal generally increases with age, particularly after age 40.
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