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Global Gastroscopes Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ 3.36 Bn by 2028, Likely to Grow with the CAGR of 8.4 % During the Forecast Period.
The gastroscopy is the procedure where a thin and flexible tube known as an endoscope is used to look inside oesophageal, stomach, and first part of the small intestine. The gastroscopy is referred to as upper gastrointestinal endoscopy. The endoscopes have the light and camera on its one end. The camera is used to send an image of the inside body and then this image is projected on to the monitor. The gastroscopy is used for investigating the problem like dysphagia or the abdominal pain and to diagnose the cases like stomach ulcers or gastro-oesophageal reflux disease (GORD).
The Rising In Enhanced Gastroscopy Procedures Is Expected To The Driver The Global Gastroscopes Market
The major driver that helps to grow the gastroscope market over the globe is the rising occurrences of gastric diseases, increasing the geriatric population, and rise in demand of advance gastroscopy procedures in initial diagnosis. Moreover, the increase in the diagnosis of GI tract cancer is projected to boost the gastroscopes market. The complementary techniques including transcriptomic metabolic and genomics development can also contribute to boost the growth of the market. Furthermore, the expansions in distribution channels in developing regions can provide new opportunities to the gastroscopes market.
The Increasing Investment In Research Is Anticipated To Drive The Demand For Gastroscopes During The Forecast Period
One of the factors that help to boost the market is the increasing investment by the public and the private organizations in the research of gastroscopes. This will ultimately lead to raise the demand for gastroscopes over the globe. According to the article published by the World Journal of Gastroenterology, the peptic ulcer has affected more than 4 million people periodically with an estimated incidence rate of over 1.05% to 3.0%. Moreover, the No Stomach for Cancer, Inc. concluded that gastric cancer was the 3rd most common death cause due to the malignancy. Therefore, the rising occurrences of this cancer can further drive the overall growth of the gastroscopes market in the future.
on the basis on its end use, the global gastroscopes market is led by the diagnosis center segment, anticipated to register the highest growth during the forecast period as various diagnose centers are more focused on product innovations and events occurrences. These activities paved the way for the expansion of the customer base in the region. Moreover, the rising demand for diagnosis and awareness among consumers contribute to increase the market share of the segment.
North America Is Anticipated To Dominate the Global Gastroscope Market During the Forecast Period
The North America region is projected to have the largest market share owing to the rising adoptions of new advance technologies to detect stomach ulcers, gastric cancer, and other diseases of gastrointestinal and increasing prevalence in the digestive conditions like dysphagia and dyspepsia. Also, according to the result produced on the study of the gastroscopes market in the National Foundation for Swallowing Disorder in 2016 America is recorded to have the highest population suffering from dysphagia, therefore, contributes in fueling the gastroscopes market in the region.
Furthermore, Europe is expected to hold the second-highest growth in the market during the forecast period owing to significant occurrences of gastroscope disease founded in the geriatric population such as Barrett’s esophagus, inflammatory bowel, and esophageal cancer disease. According to the observation made by Cancer Research UK, the maximum number of cases of stomach cancer was founded in the United Kingdom which is expected to poise a positive impact on regional growth.
Key players operating in the Global Gastroscopes market are Endomed Systems, FUJIFILM, HOYA, HUGER Medical Instrument, Karl Storz, Boston Scientific Corporation, Pentax Medica, Perkin Elmer, Richard Wolf GmbH, and Olympus Corporation.
The global gastroscopes market is highly fragmented due to the availability of various global and regional players.
Global Gastroscopes Market by Product Type
- Standard Gastroscopes
- Transnasal Gastroscopes
- Therapeutic Gastroscopes
- Dual-Channel Gastroscopes
Global Gastroscopes Market by Application
- Gastric Ulcer
- Chronic Gastritis
- Superficial Gastritis
- Atrophic Gastritis
- Normal Mucosa
Global Gastroscopes Market by End User
- Hospitals and Clinics
- Diagnostic Labs
- Ambulatory Surgical Center
Global Gastroscopes Market by Geography
- North America
- Asia Pacific
- Latin America
- Middle East and Africa