Esophagoscopes And Gastroscopes Market Outlook 2024: Exclusive Report By The Business Research Company | Medtronic PLC, FUJIFILM Corporation, Stryker Corporation

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Esophagoscopes And Gastroscopes Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The esophagoscopes and gastroscopes market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to prevalence of gastrointestinal disorders, aging population, early detection and cancer screening, minimally invasive procedures.

The esophagoscopes and gastroscopes market size is expected to see strong growth in the next few years. It will grow to $2.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growth in outpatient endoscopy centers, patient demand for non-invasive procedures, advances in imaging and visualization, healthcare infrastructure development. Major trends in the forecast period include advancements in endoscopy technology, technological advancements, 3d imaging, artificial intelligence (ai) and image analysis.

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Market Segmentation:
The main types of esophagoscopes and gastroscopes are rigid, flexible, trans nasal and others. A rigid esophagoscope is a solid and inflexible medical instrument used to examine the esophagus, which is the muscular tube connecting the throat to the stomach. The various applications are gastroesophageal reflux disease, ulcers, barrette's esophagus, celiac disease and others used in hospitals, ambulatory surgical centers, specialty clinics, diagnostic centers and others.

Major Driver - Rising Incidence Of Inflammatory Bowel Disease Spurs Growth In Esophagoscope And Gastroscope Market
The rise in the number of inflammatory bowel disease cases is driving the esophagoscope and gastroscope market. Inflammatory bowel disease is a chronic condition that causes inflammation in the digestive tract. Esophagoscopes and gastroscopes are helpful in the diagnosis and management of inflammatory bowel disease (IBD), as these tools help visualize and observe the internals of the gastrointestinal tract. For instance, in March 2023, according to a research article published in the Journal of the Canadian Association of Gastroenterology, a Canada-based open-access peer-reviewed journal, the incidence rate of inflammatory bowel disease in Canada is expected to increase from 825 per 100,000 in 2023 to 1075 per 100,000 in 2035. Therefore, increasing inflammatory bowel disease cases drive the esophagoscope and gastroscope markets.

Competitive Landscape:
Major players in the esophagoscopes and gastroscopes market are Medtronic PLC, FUJIFILM Corporation, Stryker Corporation, Boston Scientific Corporation, B Braun Melsungen AG, Olympus Corporation, HOYA Corporation, Smith & Nephew PLC, Ethicon Inc., Hologic Inc., Steris PLC, Teleflex Incorporated, Karl Storz SE & Co. KG, CONMED Corporation, Ambu A/S, Richard Wolf GmbH, SonoScape Medical Corporation, Vimex Endoscopy Sp. z o.o., Smart Medical Systems Ltd., Jedmed Instrument Co, Endomed Systems GmbH, Maxer Endoscopy GmbH, Surtex Instruments Limited, FENTEX medical GmbH, Machida Endoscope Co. Ltd., Aohua Endoscopy Co. Ltd., Zhejiang Shendasiao Medical Instrument Co. Ltd., Hangzhou Orient Medical Co. Ltd., Medical Device Depot Inc., Optec Endoscopy Systems GmbH.

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Top Trend - Increasing Focus On Product Innovations To Provide Reliable Service To The Customers
Major companies in the esophagoscope and gastroscope market are developing innovative gastroscopes and esophagoscope devices, such as dual-channel endoscopes to provide reliable services to the customers. Dual-channel endoscopes are medical instruments used for visualizing and performing procedures within the human body, primarily in the gastrointestinal (GI) tract they are used by highly trained medical professionals to diagnose and treat various medical conditions, contributing to improved patient outcomes and a reduced need for invasive surgeries. For instance, in October 2021, Fujifilm Holdings Corporation, a Japan-based medical company launched El-740D/S dual-channel endoscope. This is the first dual-channel endoscope approved by the U.S. Food and Drug Administration (FDA), a US-based government agency for use in both upper and lower gastrointestinal applications. The availability of the EI-740D/S significantly broadens gastroenterologists' and colorectal surgeons' capabilities across a wide range of treatments.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Esophagoscopes And Gastroscopes Market Characteristics
3. Esophagoscopes And Gastroscopes Market Trends And Strategies
4. Esophagoscopes And Gastroscopes Market - Macro Economic Scenario
5. Esophagoscopes And Gastroscopes Market Size And Growth
…..
27. Esophagoscopes And Gastroscopes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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