Global Gastrointestinal Electrocardiograph Market Size By Product, By Application, By Geographic Scope And Forecast

Report Highlights

Gastrointestinal Electrocardiograph Market Size And Forecast

Gastrointestinal Electrocardiograph Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

Global Gastrointestinal Electrocardiograph Market Overview

The global gastrointestinal electrocardiograph market is anticipated to witness significant growth over the forecast period. The growth of the gastrointestinal electrocardiograph market is positively influenced by factors such as the high prevalence of gastric disorders, increased use of advanced diagnostic technologies, rapidly developing medical infrastructure, and increasing healthcare expenditure. Increasing incidences of chronic gastrointestinal diseases are the primary driver behind the growth of the global gastrointestinal electrocardiograph market.

According to a report published by National Digestive Diseases Information Clearinghouse (NDDIC), around 70 million people in the U.S. are suffering from various digestive diseases. The report also states that owing to gastrointestinal disease around 245000 people were killed in 2009. Hence, the high prevalence of chronic gastrointestinal diseases fosters the growth of the global gastrointestinal electrocardiograph market. Additionally, according to the statistics report published by The Office for National Statistics, Government of the UK, the expenditure of the United Kingdom has surpassed from USD 101.8 Bn to USD 233.4 from 2002 to 2012. This exponential growth of healthcare expenditure of the developed countries such as the U.S., UK, and Japan are fuelling the growth of the global gastrointestinal electrocardiograph market. Further, the technological advancements for the diagnosis of gastrointestinal diseases are aiding the growth of the gastrointestinal electrocardiograph market.