The Gastric Management Supplies Market is expected to witness an escalation going forward. With health apps, biosensors, AI, VR, telehealth, robots, cloud computing, predictive analysis, and EHRs being rampantly used, there is nothing to hold the healthcare vertical from soaring high. The healthcare vertical, would, see its cash registers ringing on the count of digital IoT creeping in at a rapid pace.
The outbreak of coronavirus is believed to have a severe impact on the global gastric management supplies market. The gastric management supplies manufacturing industries are being shuttered around the world causing an unusual technology and business model transformation. The outbreak of coronavirus has brought on many aspects, like falling business assurance, uncertainty about future, massive slowing of the supply chain, and others. There has been a disruption in the supply chain of gastric management supplies due to global restrictions. Also, due to the initial lockdown, the manufacturing industries are now facing a demand shock with an uncertain recovery timeline.
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Gastric Management Supplies Market: Drivers and Restraints-
The increasing prevalence of the various gastric disorders and their surgeries performed is the factor driving the growth of the gastric management supplies market. It is reported that, in the United States around 11% of the population suffer from a chronic digestive disease, and maximum of them have to undergo surgeries to treat the disease, this is expected to expand the gastric management supplies market. Furthermore, rising technological advancement and demand to manage the post-gastric surgeries are likely to drive the gastric management supplies market.
However, there are some of the factors that hamper the growth of the global gastric management supplies market such as the adverse effects of the supplies such as abdominal cramping, adnominal swelling, nausea, and sometimes aspiration tubes can lead to death due to aspiration pneumonia.
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Gastric Management Supplies Market: Segmentation
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Gastric Management Supplies Market: Region-wise Outlook
North America is expected to dominate the global gastric management supplies market, due to the improved healthcare infrastructure and increasing gastric disorders and related surgeries performed in the region. North America is expected to be followed by Europe, due to the rising number of medical devices industries and growing adoption of the gastric management supplies in the region. Asia-Pacific is expected to have a significant growth in the global gastric management supplies market over the forecast period due to the increasing prevalence of gastric disorders and rising healthcare expenditure in the region. Also, the rising population is further likely to expand the gastric management supplies in countries like China and India.
Gastric Management Supplies Market: Key Market Participants
Some of the market players in the global gastric management supplies market identified across the value chain include: BD, AMT (Applied Medical Technologies), Halyard, Abbott, Cardinal Health, Medline Industries, Inc. and others.
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