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Market Size in USD Billion
| 2021 –2028 | |
|
|
USD 1,754.01 Million |
| USD 2,993.50 Million | |
| % | |
|
Global Gastroscopes Market, By Type (Standard Gastroscopes, Trans Nasal Gastroscopes, Therapeutic Gastroscopes, Dual Channel Gastroscopes and Others), Application (Contraindications, Gastric Ulcer, Chronic Gastritis, Normal Mucosa and Others), End User (Hospitals and Clinics, Diagnostic Labs, Ambulatory Surgical Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rising prevalence of gastric ulcers and peptic ulcers across the globe will induce the demand for gastroscopes. Data Bridge Market Research analyses that the heart scan market will exhibit a CAGR of around 6.91% for the forecast period of 2021-2028. This means that the current market value, that is USD 1,754.01 million will rocket up to USD 2,993.50 million by the year 2028.
Gastoscopes are the medical devices that are used to observe the gastrointestinal tract and detect any kind of unwanted problems in the same. Thus, it is also commonly known as gastrointestinal endoscopy. Gastroscopy is a medical procedure wherein a tube called gastroscope is inserted into the body to observe the functioning of esophagus, small intestine and stomach. The gastroscope has a light and a camera at one end that serves the purpose of detection, diagnosis, and monitoring. The procedure isn’t painful to be performed but can prove to disrupt the comfort levels of an individual. Gastroscopy helps to diagnose and rule out any stomach related conditions like gastritis and peptic ulcers. There are side effects too of undergoing this medical procedure. Stomach pain, restless breathing, raised temperature and vomiting are the most common of them.
The rising geriatric population coupled with the rise in gastrointestinal diseases is the root cause for the rise in demand for gastroscopes. The rise in the awareness and popularity of advanced gastroscopy technology and procedures is also fuelling up the demand for gastroscopes especially in developing countries. Rising expenditure on research and development proficiencies to advance the technology involved and tap the untapped markets will also result in promoting the rate of growth in the future.
However, the possibility of developing an infection after undergoing gastroscopy will slow down the rate of gastroscopes market growth. Also, the high cost of undergoing this procedure will narrow down the scope of growth for the gastroscopes market. Lack of favorable reimbursement policies will also restrict the scope of growth.
This gastroscopes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on gastroscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The gastroscopes market is segmented on the basis of type, application end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
The gastroscopes market is analysed and market size insights and trends are provided by country, type, application, end user as referenced above.
The countries covered in the gastroscopes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America has been dominating the market and will continue to during the forecast period in terms of market share and market revenue. This is because of the prevalence of sophisticated technological advancements, improved healthcare infrastructure, supportive governmental policies and high rate of adoption of new and improved medical procedures and devices. But it is Asia-Pacific region that is set to undergo the highest compound annual growth rate during the forecast period owing to the increased expenditure to improve healthcare infrastructure coupled with the rise in awareness and adoption of advanced medical solutions. Rising personal disposable income coupled with the rise in gastrointestinal diseases among the population will further fuel up the growth in this region.
The country section of the gastroscopes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The gastroscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gastroscopes market.
The major players covered in the gastroscopes market report are EndoMed Systems Alle Rechte vorbehalten., FUJIFILM Corporation, Huger Medical Instrument Co.,Ltd, KARL STORZ, Olympus Corporation, Boston Scientific Corporation or its affiliates., Laborie, Inc., PENTAX Medical, SonoScape Medical Corp., SOFMEDICA., PerkinElmer Inc., Richard Wolf GmbH., Stryker, HMB Endoscopy Products, AED.MD, Johnson & Johnson Services, Inc., Medtronic, CONMED Corporation., Smiths Medical and Getinge AB among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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