Esophagoscopes And Gastroscopes Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033

"The new report published by The Business Research Company, titled Esophagoscopes And Gastroscopes Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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 esophagoscopes and gastroscopes market covered in this report is segmented -

1) By Type: Rigid; Flexible; Transnasal; Other Types
2) By Application: Gastroesophageal Reflux Disease; Ulcers; Barrett's Esophagus; Celiac Disease; Other Applications
3) By End User: Hospitals; Ambulatory Surgical Centers; Specialty Clinics; Diagnostic Centers; Other End Users

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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.

Contents of the report:
1. Executive Summary
2. Esophagoscopes And Gastroscopes Market Report Structure
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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