Gastrointestinal endoscopy is a versatile medical procedure used for various applications. It allows for direct visualization and intervention within the digestive tract. Common applications include diagnosing and treating gastrointestinal conditions such as cancers, ulcers, polyps, and inflammation. Gastrointestinal endoscopy offers features like high-definition imaging, flexible maneuverability, and therapeutic capabilities like biopsy collection and tissue removal. It is used for surveillance, therapeutic interventions, and minimally invasive surgeries. Gastrointestinal endoscopy is critical in improving patient outcomes by enabling accurate diagnosis, treatment, and monitoring of gastrointestinal disorders.
According to Data Bridge Market Research, the Global Gastrointestinal Endoscopy Market accounted for USD 33,480 million in 2021 and is expected to reach USD 49,843.34 million by 2029. The market is expected to grow with a CAGR of 5.10% in the forecast period of 2022 to 2029.
“Rising prevalence of chronic diseases boosts the market’s growth”
The global gastrointestinal endoscopy market is experiencing significant growth due to the rising prevalence of chronic diseases. Conditions such as gastrointestinal cancers, inflammatory bowel disease, and bleeding necessitate accurate diagnosis and effective treatment. Gastrointestinal endoscopy offers minimally invasive procedures for visualization and intervention within the digestive tract. The increasing demand for early disease detection, advancements in endoscopic technologies, and a growing aging population contribute to the market's growth. Gastrointestinal endoscopy is crucial in improving patient outcomes, driving its expanding adoption and market growth.
What restraints the growth of the global gastrointestinal endoscopy market?
“High-cost restraints the market’s growth”
The high cost associated with gastrointestinal endoscopy procedures poses a significant constraint on the growth of the global market. The expenses include the cost of endoscopic equipment, consumables, and specialized training for healthcare professionals. Additionally, the need for maintenance and repairs adds to the overall cost. These high costs can limit the accessibility and affordability of gastrointestinal endoscopy procedures, especially in resource-constrained healthcare settings. To foster market growth, efforts should develop cost-effective solutions, promote reimbursement policies, and enhance affordability for patients and healthcare providers.
Segmentation: Global Gastrointestinal Endoscopy Market
The global gastrointestinal endoscopy market is segmented on the basis of product type, application, and end-user.
- On the basis of product type, the gastrointestinal endoscopy market has been segmented into endoscopes, camera heads, visualization systems, biopsy devices, capsule endoscopes, transmitters and receivers, and robot-assisted endoscopes.
- On the basis of application, the gastrointestinal endoscopy market has been segmented into laparoscopy, obstetrics/gynecology endoscopy, arthroscopy, urology endoscopy, bronchoscopy, ent endoscopy, mediastinoscopy.
- On the basis of end-user, the gastrointestinal endoscopy market has been segmented into hospitals, ambulatory surgery center/clinics, and others.
Regional Insights: North America dominates the global gastrointestinal endoscopy market
North America dominates the gastrointestinal endoscopy market is propelled by increased hospital investments in new endoscopic equipment and a surge in research activities aimed at advancing the field of endoscopy.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to increasing health awareness among individuals and a growing demand for advanced medical technology.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-gastrointestinal-endoscopy-market
Recent Development
- In December 2019, Boston Scientific Corporation announced that its EXALT Model D Single Use Duodenoscope has received FDA certification, making it the first and only disposable duodenoscope available. This device is used in endoscopic retrograde cholangiopancreatography procedures.
The Prominent Key Players Operating in the Global Gastrointestinal Endoscopy Market Include:
- Intuitive Surgical Inc (U.S.)
- Stryker (U.S.)
- Medrobotics Corporation (U.S)
- Johnson & Johnson Private Limited (U.S.)
- Globus medical (U.S.)
- NuVasive Inc. (U.S.)
- Smith + Nephew (U.K.)
- Titan Medical Inc (Canada)
- TransEnterix Inc (U.S.)
- University of Pittsburgh Medical Center (U.S.)
- Mazor Robotics (Israel)
- Auris Health Inc. (U.S.)
- Corindus Inc. (U.S.)
- Renishaw plc (U.K.)
- Medineering GmbH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global gastrointestinal endoscopy market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Gastrointestinal Endoscopy Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
