Currently valued at US$ 1.2 billion, the global esophagoscopes and gastroscopes market demand is projected to grow at a CAGR of 5.4%, reaching US$ 2.0 billion in revenue by 2033. Despite accounting for only 8% of the worldwide endoscopes market, sales of these devices are expected to increase due to the growing preference for minimally invasive procedures, including laparoscopic equipment such as arthroscopes, bronchoscopes, and laparoscopes.
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Medical advancements have led to the increased use of mechanical tools for diagnosing and treating esophageal disorders, particularly as the worldwide senior population grows and esophageal cancer cases rise. The expanding use of esophagoscopes in various diagnostic and surgical procedures is driving market growth, along with the growing prevalence of inflammatory bowel disease cases, which has fueled demand for devices with broad applications for early diagnosis.
However, despite the market’s promising prospects, contamination-induced infections, anesthesia-induced allergic reactions, and organ perforation pose significant risks to patients. These challenges are expected to limit market growth during the forecast period. Therefore, key players must focus on developing more efficient versions of these devices with fewer adverse effects.
Regional Insights:
The USA has seen a substantial increase in the incidence of gastrointestinal diseases. This is expected to rise further as the prevalence of obesity increases in the USA over the forecast period. The USA has seen an increase in cases of stomach cancer, gastrointestinal bleeding, and functional gastrointestinal diseases. This has subsequently increased the number of endoscopies performed in the nation.
Poor lifestyle choices, bad eating habits, and smoking are some of the major factors driving the esophagoscopes and gastroscopes market in the USA. Instruments like laparoscopes, arthroscopes, bronchoscopes, gastroscopes, etc., are expected to see an increase in sales over the forecast period.
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Competitive Landscape
Over the forecast period, exports of esophagoscopes and gastroscopes are predicted to increase from regions such as East Asia, South Asia, and the Pacific. The development of healthcare infrastructure, rising healthcare expenditure, rising technological proliferation, and other factors can all be related to the increase in demand in these locations.
Over the projection period, high birth rates in East Asia, South Asia, and the Pacific are likely to fuel demand growth for paediatric gastroscopes.
The MEA esophagoscopes and gastroscopes market has the smallest market share due to weak healthcare infrastructure in this area and less technological proliferation in medical operations. This is projected to alter over the forecast period, with the consumption of esophagoscopes and gastroscopes increasing.
Prominent players covered in the Global Esophagoscope and Gastroscope Market contain
- Shanghai AoHua Photoelectricity Endoscope Co. Ltd.
- Olympus Corporation
- Pentax Medical Company
- Fujifilm Holdings Corp.
- Karl Storz GmbH & Co. KG
All the players running in the Global Esophagoscope and Gastroscope Market are elaborated thoroughly in the Esophagoscope and Gastroscope Market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Esophagoscope and Gastroscope Market players.
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Esophagoscopes and Gastroscopes Market by Product Type:
- Rigid Endoscopes
- Flexible Endoscopes
Esophagoscopes and Gastroscopes Market by End User:
- Esophagoscopes and Gastroscopes for Hospitals
- Esophagoscopes and Gastroscopes for Ambulatory Surgical Centres
- Esophagoscopes and Gastroscopes for Specialty Clinics
- Esophagoscopes and Gastroscopes for Diagnostic Centres
Esophagoscopes and Gastroscopes Market by Region:
- North America Esophagoscopes and Gastroscopes Market
- Latin America Esophagoscopes and Gastroscopes Market
- Europe Esophagoscopes and Gastroscopes Market
- East Asia Esophagoscopes and Gastroscopes Market
- South Asia & Pacific Esophagoscopes and Gastroscopes Market
- Middle East & Africa Esophagoscopes and Gastroscopes Market
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