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Gastrointestinal Endoscopy Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Merck & Co Inc., Medtronic plc, Johnson & Johnson MedTech, FUJIFILM Holdings Corporation, Stryker Corporation
Gastrointestinal Endoscopy Global Market Report 2024
As per the report, the gastrointestinal endoscopy market size has grown strongly in recent years. It will grow from $14.65 billion in 2023 to $15.72 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The gastrointestinal endoscopy market size is expected to see strong growth in the next few years. It will grow to $20.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Gastrointestinal Endoscopy Market Soars Amid Rising Prevalence Of Digestive Disorders
The increasing prevalence of gastrointestinal diseases is driving the gastrointestinal endoscopy market going forward. 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. For instance, in 2023, according to Cancer Research UK, the UK-based independent cancer research organization, the incidence rate of pancreatic cancer in the UK is expected to increase by 5% from 2023 to 2025. Furthermore, 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, the increasing prevalence of gastrointestinal diseases drives the gastrointestinal endoscopy market.
Gastrointestinal Endoscopy Market Trends Fuelled By Advanced Device Launches
Product innovations in gastrointestinal endoscopic devices are a key trend in the gastrointestinal endoscopy market. 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.
The gastrointestinal endoscopy market covered in this report is segmented -
1) By Product: Endoscopes, Camera Heads, Visualization Systems, Biopsy Devices, Capsule Endoscopes, Transmitters And Receivers, Robot-Assisted Endoscopes
2) By Application: OGIB (Obscure GI Tract Bleeding), Crohn's Disease, Small Intestine Tumor, Other Applications
3) By End User: Hospitals, Ambulatory Surgery Centers Or Clinics, Other End Users
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Major companies operating in the gastrointestinal endoscopy market report 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., Endogene Ltd.
Contents of the report:
1. Executive Summary
2. Gastrointestinal Endoscopy Market Report Structure
3. Gastrointestinal Endoscopy Market Trends And Strategies
4. Gastrointestinal Endoscopy Market - Macro Economic Scenario
5. Gastrointestinal Endoscopy Market Size And Growth
…..
27. Gastrointestinal Endoscopy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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