Gastrointestinal Endoscopy Market Growth Focused, Trends, and Forecasts (2024-2029)

Gastrointestinal Endoscopy Market worth $23.08 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announced the publication of a market research report titled " Global Gastrointestinal Endoscopy Market By Type(Gastrointestinal Endotherapy, (ERCP Devices, Gastrointestinal Stents (Esophageal Stents, Biliary Stents, Pancreatic Stents), Balloon Dilators, Ultrasound Endoscopes, Biopsy Devices (Biopsy Forceps, Polypectomy Snares, Other Biopsy Devices), Hemostasis Devices, Retrieval Devices, Others),

Gastrointestinal Endoscopes and Endoscopic Systems (Gastrointestinal Videoscopes (Gastroscopes, Colonoscopes, Duodenoscopes, Sigmoidoscopes, Enteroscopes, Anoscopes), Visualization Systems, Capsule Endoscopes), End-User (Hospitals, Ambulatory Surgery Centers, Others)- Market Outlook and Industry Analysis 2030" According to company's newest research, the global gastrointestinal endoscopy market is worth US$ 14.09 Billion in 2021 and is predicted to reach US$ 23.08 Billion in 2030, with a promising CAGR of 5.98% between 2024 and 2031.

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Endoscopic technology has advanced dramatically recently and is essential to clinical gastroenterology. A form of endoscopic procedure known as a "gastric endoscopy" enables medical professionals to inspect the digestive system by passing an endoscope-a long, flexible, lighted device-through the throat or the . These endoscopic procedures can examine and treat the pancreas, bile ducts, small intestine, colon, oesophagus, and stomach. Because modern endoscopy is quick, involves minimal risks, and creates detailed images,

it has proven highly beneficial in many medical domains. Endoscopy has been used more frequently for screening and diagnostic evaluation in the past 20 years. Numerous advancements have also expanded the scope of endoscopic indications. The enormous opportunities in the global gastrointestinal endoscopy market include the rising demand for capsule endoscopy, the increasing demand for single-use endoscopes like duodenoscopes, gastroscopes, and colonoscopes, and the integration of robotics and artificial intelligence into the industry.

Throughout the projection period, it is anticipated that the development of endoscopes that only need to be used once, the rise in demand for minimally invasive procedures, and the growing number of new products released by market players will all contribute to the market's expansion. Furthermore, it is anticipated that the growing prevalence of gastrointestinal illnesses will increase market demand, and advancements in endoscopic treatment technology will substantially affect the business climate. While the gastrointestinal endoscopy market may currently be limited by factors such as high procedure costs, unfavourable healthcare trends, and inadequate reimbursement, it holds significant potential for growth.

The expansion of healthcare markets in developing nations and the continuous development of gastrointestinal endoscopic technologies are expected to present numerous opportunities for the market in the forecast period. In 2021, North America held the highest revenue share in the global gastrointestinal endoscopy market. This was driven by the region's development of innovative endoscopic equipment , which is expected to further accelerate sector expansion.

The global market share of North America is also projected to increase due to the rising incidence of cancer, gastrointestinal disorders, and other chronic ailments , as well as the growing demand for minimally invasive procedures. FUJIFILM Holdings Corporation, Boston Scientific Corporation, Medtronic plc, KARL STORZ SE & Co. KG, Ambu A/S, Teleflex Incorporated, HOYA Corporation, Olympus Corporation, Cook Group Inc., SonoScape Medical Corp., EndoMed Systems GmbH, CapsoVision, Inc., HuiZhou Xzing Technology Co., Ltd., Endogene Ltd., Envaste Limited, and other notable market participants are among the major companies operating in the gastrointestinal endoscopy market.

Key Market Developments:

• In Aug 2022, Medtronic announced that the GI GeniusTM intelligent endoscopy module, powered by artificial intelligence (AI), is now available. The module is a game-changing solution that uses deep learning algorithms and real-time data. It helps doctors find and treat colorectal cancer by giving them a better view of the colon during a colonoscopy.

• In Mar 2022, Fujifilm will work with Gastro Care Partners to bring the best endoscopic imaging solutions to GI practices in Colorado. Peak Gastroenterology Associates, which is part of the GCP network and is the largest gastroenterology practise in southern Colorado, has installed Fujifilm's GI portfolio, which includes the 700 Series Colonoscopes and the ELUXEO Endoscopic Imaging System, in its Colorado Springs-based Front Range Endoscopy Center and Surgical Center of Peak Endoscopy.

• In Feb 2022, Ambu announced that the FDA approved their Ambu® aScopeTM Gastro and Ambu® aBoxTM 2 Single-Use Gastroscope and Next-Generation Display Unit. Ambu's solution is a good choice for customers who want to do gastroscopies in a wide range of care settings because of its advanced technology, portability, and low cost. This is because reusable endoscopes have some problems that this solution solves.

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Market Segmentation
Global Gastrointestinal Endoscopy Market, by Type, 2022-2030 Value (US$ Mn) and Volume (No. of Units)

1. Gastrointestinal Endotherapy
• ERCP Devices
• Gastrointestinal Stents
o Esophageal Stents
o Biliary Stents
o Pancreatic Stents
• Balloon Dilators
• Ultrasound Endoscopes
• Biopsy Devices
o Biopsy Forceps
o Polypectomy Snares
o Other Biopsy Devices
• Hemostasis Devices
• Retrieval Devices

• Others
2. Gastrointestinal Endoscopes and Endoscopic Systems
• Gastrointestinal Videoscopes
o Gastroscopes
o Colonoscopes
o Duodenoscopes
o Sigmoidoscopes
o Enteroscopes
o Anoscopes
• Visualization Systems
• Capsule Endoscopes

Global Gastrointestinal Endoscopy Market, by End-User, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Hospitals
• Ambulatory Surgery Centers
• Others

Global Gastrointestinal Endoscopy Market, by Region, 2022-2030 Value (US$ Mn) and Volume (No. of Units)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)

• U.S.
• Canada

Europe Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)

• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Gastrointestinal Endoscopy Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)

• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:

 To receive a comprehensive analysis of the prospects for the global gastrointestinal endoscopy market
 To receive an industry overview and future trends of the gastrointestinal endoscopy market
 To analyze the global gastrointestinal endoscopy market drivers and challenges
 To get information on the global gastrointestinal endoscopy market size value (US$ Mn) and volume (No. of Units) forecast to 2030
 To get information on investments, mergers & acquisitions in the global gastrointestinal endoscopy industry

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Other Related Reports Published by InsightAce Analytic:
Global Duodenoscopes Market
Global Capsule Endoscopy Market
Global Endoscope Cleaning Swab Market

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