Overview and Scope
Esophagoscopes and gastroscopes are a type of endoscope specifically designed for examining the esophagus, the muscular tube that connects the throat to the stomach and the upper gastrointestinal tract, including the esophagus, stomach and the beginning of the small intestine. These devices are used in diagnosing gastrointestinal conditions, guiding treatments and allowing for therapeutic interventions such as the removal of polyps or the placement of stents.
Sizing and 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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Segmentation & Regional Insights
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
North America was the largest region in the esophagoscopes and gastroscopes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in esophagoscopes and gastroscopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The esophagoscopes and gastroscopes market report table of contents includes:
1. Executive Summary
- Esophagoscopes And Gastroscopes Market Characteristics
- Esophagoscopes And Gastroscopes Market Trends And Strategies
- Esophagoscopes And Gastroscopes Market – Macro Economic Scenario
- Global Esophagoscopes And Gastroscopes Market Size and Growth
. - Global Esophagoscopes And Gastroscopes Market Competitive Benchmarking
- Global Esophagoscopes And Gastroscopes Market Competitive Dashboard
- Key Mergers And Acquisitions In The Esophagoscopes And Gastroscopes Market
- Esophagoscopes And Gastroscopes Market Future Outlook and Potential Analysis
- Appendix
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