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Gastrointestinal Endoscopy Market Soars Amid Rising Prevalence Of Digestive Disorders: A Key Catalyst Accelerating Gastrointestinal Endoscopy Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Gastrointestinal Endoscopy Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for gastrointestinal endoscopy has shown robust growth in the past years. The value is projected to increase from $15.82 billion in 2024 to $16.85 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.5%. The historic growth can be credited to factors such as the rising incidents of gastrointestinal conditions, growing consciousness about early disease detection, the increase in the elderly population, favourable reimbursement policies, and the expanding uses in therapeutic procedures.
Gastrointestinal Endoscopy Market Size Forecast: What's the Projected Valuation by 2029?
In the next few years, we can anticipate strong expansion in the gastrointestinal endoscopy market. The prediction points towards a rise to $22.11 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The factors contributing to this growth during the projection period include growing requests for minimally invasive operations, increased investment in healthcare facilities, rise in elderly populace, broader applications in diagnosing cancer, and increasing usage of capsule endoscopy. The key trends that will impact the forecast period include augmented application of artificial intelligence in endoscopic procedures, development and use of disposable endoscopes, growing demand for adaptable endoscopes, emphasis on remote tele-endoscopy services, and the adoption of robotics in gastrointestinal endoscopy.
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What Are the Drivers Transforming the Gastrointestinal Endoscopy Market?
The drive of the gastrointestinal endoscopy market is linked to the rising incidence of gastrointestinal diseases. These diseases form a cluster of disorders impacting the gastrointestinal (GI) tract, with the affected organs closely involved in food digestion and processing. It is commonplace for gastrointestinal endoscopy to be utilised in order to detect abnormalities, gather tissue samples for biopsy, and carry out therapeutic interventions when diagnosing and treating these diseases. For example, projections from the independent cancer research institution, Cancer Research UK, suggest a 5% increase of pancreatic cancer rates in the UK from 2023 to 2025. Additionally, a study from the Journal of the Canadian Association of Gastroenterology, a Canadian open-access peer-reviewed journal, predicts that the occurrence of inflammatory bowel disease will rise from 825 per 100,000 in 2023 to 1075 per 100,000 by 2035 in Canada. All these emphasize how the escalating prevalence of gastrointestinal disorders is propelling the gastrointestinal endoscopy market forward.
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What Long-Term Trends Will Define the Future of the Gastrointestinal Endoscopy Market?
Leading corporations in the gastrointestinal endoscopy market are debuting cutting-edge endoscopic devices that incorporate sophisticated imaging technologies to bolster diagnostic precision and improve patient results. These imaging technologies encompass high-level approaches like high-definition imaging, narrow-band imaging (NBI), and optical coherence tomography (OCT), offering more lucid and comprehensive images of the gastrointestinal tract during endoscopic procedures. For example, Olympus Corporation, a manufacturing company based in Japan, unveiled the EVIS X1 Endoscopy System in October 2023. The EVIS X1 endoscopy system, an innovative tool of the next generation, is designed to augment the visualisation of the gastrointestinal tract via avant-garde imaging technologies like TXI, RDI, and NBI. This system aims to heighten the discovery of anomalies during GI procedures, providing doctors with amplified diagnostic prowess.
Which Segments in the Gastrointestinal Endoscopy Market Offer the Most Profit Potential?
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
Subsegments:
1) By Endoscopes: Rigid Endoscopes, Flexible Endoscopes, Single-Use Endoscopes
2) By Camera Heads: Standard Camera Heads, High-Definition Camera Heads, 3D Camera Heads
3) By Visualization Systems: Integrated Visualization Systems, Monitors And Display Systems
4) By Biopsy Devices: Biopsy Forceps, Needle Biopsy Devices, Endoscopic Mucosal Resection Devices
5) By Capsule Endoscopes: Small Bowel Capsule Endoscopes, Colon Capsule Endoscopes
6) By Transmitters And Receivers: Wireless Transmitters, Signal Receivers
7) By Robot-Assisted Endoscopes: Robotic Endoscope Systems, Accessories For Robotic Endoscopy
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Which Firms Dominate the Gastrointestinal Endoscopy Market by Market Share and Revenue in 2025?
Major companies operating in the gastrointestinal endoscopy market include Medtronic plc, Johnson & Johnson MedTech, FUJIFILM Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, 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.
Which Regions Offer the Highest Growth Potential in the Gastrointestinal Endoscopy Market?
North America was the largest region in the gastrointestinal endoscopy market in 2024. The regions covered in the gastrointestinal endoscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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