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Gastrointestinal Endoscopy Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Gastrointestinal Endoscopy Market
The Business Research Company's Gastrointestinal Endoscopy Global Market Report 2023 identifies the increasing prevalence of gastrointestinal diseases as the major driver for the gastrointestinal endoscopy market's growth in the forecast period. Gastrointestinal diseases are a group of disorders that affect the gastrointestinal (GI) tract, including the organs involved in digestion and food processing. Gastrointestinal endoscopy is a widely used technique to identify abnormalities, obtain tissue samples for biopsy, and perform therapeutic interventions in diagnosing and treating gastrointestinal diseases.
The global gastrointestinal endoscopy market is expected to grow from $13.6 billion in 2022 to $14.65 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The gastrointestinal endoscopy market is expected to reach $18.88 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the gastrointestinal endoscopy market are Merck & Co Inc., Medtronic plc, Johnson & Johnson MedTech, FUJIFILM Holdings Corporation, Stryker Corporation, Atrium Health Co, Boston Scientific Corporation, Regeneron Pharmaceuticals Inc., Envaste Limited, Olympus Corporation, Intuitive Surgical Inc., HOYA Corporation, Smith & Nephew Plc, Steris plc, Coloplast AS, Teleflex Incorporated, Cook Group Inc., Karl Storz SE & Co. KG, Ambu A/S, Richard Wolf GmbH, SonoScape Medical Corp., EndoChoice Holdings Inc., Allied Digestive Health LLC, Endogastric Solutions Inc., Micro-Tech Endoscopy Inc., CapsoVision Inc., Medrobotics Corporation, EndoMed Systems GmbH, Motus GI Holdings Inc., and Endogene Ltd.
A key trend in the gastrointestinal endoscopy market includes product innovations. Major companies operating in the gastrointestinal endoscopy market are introducing advanced endoscopic devices to sustain their position in the market. For instance, in December 2021, Fujifilm Healthcare Americas Corporation, a US-based innovator and manufacturer of endoscopic and endosurgical solutions, launched TRACMOTION, an endoscopic device for endoscopic submucosal dissection (ESD). It is uniquely designed with a 360° rotatable jaw that enables easy grasping and re-grasping of large lesions in the gastrointestinal tract and reduces ESD procedure times. It helps to enhance the clinician's visualization and simplify the lesion extraction process.
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The gastrointestinal endoscopy market is segmented -
• By Product: Endoscopes, Camera Heads, Visualization Systems, Biopsy Devices, Capsule Endoscopes, Transmitters And Receivers, Robot-Assisted Endoscopes
• By Application: OGIB (Obscure GI Tract Bleeding), Crohn's Disease, Small Intestine Tumor, Other Applications
• By End User: Hospitals, Ambulatory Surgery Centers Or Clinics, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the gastrointestinal endoscopy market.
The Business Research Company's "Global Gastrointestinal Endoscopy Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Gastrointestinal Endoscopy Market Include:
1. Executive Summary
2. Gastrointestinal Endoscopy Market Characteristics
3. Gastrointestinal Endoscopy Market Trends And Strategies
4. Gastrointestinal Endoscopy Market - Macro Economic Scenario
5. Global Gastrointestinal Endoscopy Market Size and Growth
……
26. South America Gastrointestinal Endoscopy Market
27. Brazil Gastrointestinal Endoscopy Market
28. Middle East Gastrointestinal Endoscopy Market
29. Africa Gastrointestinal Endoscopy Market
30. Gastrointestinal Endoscopy Market Competitive Landscape And Company Profiles
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