According to FutureWise analysis the market for gastroesophageal reflux disease devices in 2023 is US$ 1.22 billion, and is expected to reach US$ 1.74 billion by 2031 at a CAGR of 4.52%.
GERD is a disorder in which the lower esophageal sphincter (LES) relaxes or fails to function properly, allowing stomach liquids to reflux back into the oesophagus and cause heartburn. GERD is caused by a number of causes including smoking, hiatal hernia, abdominal obesity, and stress. GERD can cause esophagitis (swelling of the oesophagus), Barrett's oesophagus (barrel disease), and ulcers if left untreated. The severity of the condition is used to create treatment modules. In many countries, increased rates of abdominal obesity, as well as unhealthy diets and lifestyles, are linked to an increase in the prevalence of GERD. The demand for gastroesophageal reflux disease devices will rise as a result of this. The prevalence of gastroesophageal reflux is not gender-specific; nevertheless, males are more likely to develop problems as a result of the disease. GERD is more common as people get older, especially after the age of 40. The difficulties related with esophageal motility and a decreased production of saliva are linked to esophageal dysfunction in the older population. As a result, the growing senior population will continue to drive the market for gastroesophageal reflux disease devices. One of the primary factors driving market expansion is the high rate of obesity in the United States.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Gastroesophageal Reflux Disease Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Gastroesophageal Reflux Disease Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.