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The gastroscopes market size is forecast to increase by USD 340.9 million, at a CAGR of 4.36% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and expanding applications across various sectors. Endoscopic procedures, including therapeutic endoscopy, endoscopic mucosal resection, and balloon dilation, are increasingly utilizing high-definition video and optical coherence tomography for enhanced diagnostic accuracy. These techniques enable real-time visualization of mucosal structures, facilitating more precise interventions. Endoscope durability testing and cleaning protocols remain critical to ensuring patient safety and maintaining instrument functionality. Innovations in endoscope design materials, sterilization methods, and image processing algorithms contribute to improved endoscope durability and infection control. Flexible gastroscopes, incorporating advanced light source technology and narrow band imaging, offer superior image quality and improved patient comfort.
Therapeutic applications, such as endoscopic submucosal dissection, hemostasis devices, and polypectomy snares, are revolutionizing endoscopic procedures, reducing procedure complication rates and enhancing patient recovery time. Advancements in endoscopic imaging, endoscopic ultrasound, and endoscopic retrograde cholangiopancreatography continue to expand the diagnostic capabilities of gastroscopes. Flexible shaft technology and wireless endoscopy further enhance procedural versatility, enabling access to previously difficult-to-reach areas. The ongoing evolution of gastroscopes is shaped by continuous research and development efforts, ensuring that these essential medical devices remain at the forefront of diagnostic and therapeutic advancements.
The gastroscopes industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The hospital segment is estimated to witness significant growth during the forecast period.
Gastroscopes are integral tools in hospitals' gastroenterology departments for diagnosing and treating various gastrointestinal (GI) disorders. Advanced endoscopy units extensively utilize these instruments during upper GI endoscopy procedures, enabling healthcare professionals to examine the esophagus, stomach, and duodenum. These procedures play a crucial role in diagnosing conditions such as gastritis, peptic ulcers, gastroesophageal reflux disease (GERD), Barrett's esophagus, and gastrointestinal cancers. Moreover, gastroscopes facilitate biopsies and tissue sampling from suspicious GI tract areas. Pathological examinations of these samples contribute to accurate diagnoses. Image enhancement features, like narrow band imaging and chromoendoscopy techniques, improve diagnostic accuracy.
Image processing algorithms and high-definition video further enhance endoscopic imaging. Endoscope design materials, sterilization methods, and durability testing ensure patient safety and endoscope longevity. Endoscopic submucosal dissection, hemostasis devices, and argon plasma coagulation facilitate therapeutic procedures. Balloon dilation, stent placement, and wireless endoscopy expand the scope of endoscopic procedures. Endoscopic ultrasound and optical coherence tomography offer additional diagnostic capabilities. Infection control protocols and scope cleaning procedures maintain patient safety and minimize complications. Procedure complication rates remain a concern, with potential risks including bleeding, perforation, and infection. Polypectomy snare, biopsy forceps, and flexible shaft technology streamline endoscopic procedures.
Light source technology and gastroscope insertion techniques optimize visualization and accessibility. Therapeutic endoscopy, including endoscopic mucosal resection and endoscopic retrograde cholangiopancreatography, offers minimally invasive treatment options. Hospitals invest in these advanced endoscopy units to provide comprehensive GI care, ensuring timely and accurate diagnoses and effective treatments.
The Hospital segment was valued at USD 623.40 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth due to the increasing prevalence of gastrointestinal disorders and the adoption of advanced medical technologies in North America, which holds the largest market share. The region's robust healthcare infrastructure and the rising incidence of conditions such as gastroesophageal reflux disease (GERD), peptic ulcers, inflammatory bowel disease (IBD), and gastrointestinal cancers are driving market expansion. Innovations in gastroscope technology, such as image enhancement features, narrow band imaging, and chromoendoscopy techniques, are improving diagnostic accuracy and enabling early intervention. Procedure complication rates are being mitigated through stringent infection control protocols and patient recovery times are shortening.
Image processing algorithms and high-definition video are enhancing endoscopic imaging, while endoscopic ultrasound and optical coherence tomography offer additional diagnostic capabilities. Endoscope design materials and sterilization methods ensure durability and hygiene, while therapeutic endoscopy, endoscopic submucosal dissection, hemostasis devices, and argon plasma coagulation facilitate effective treatment. Flexible shaft technology and gastroscope insertion techniques enable easier access to hard-to-reach areas, and stent placement and wireless endoscopy offer minimally invasive solutions. Endoscopic retrograde cholangiopancreatography is a valuable diagnostic and therapeutic tool in the field of gastroenterology. Market trends include the development of more compact and portable gastroscopes, advancements in light source technology, and the integration of artificial intelligence and machine learning for image analysis.
These innovations are improving patient outcomes, reducing procedure times, and enhancing the overall endoscopic experience.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The gastroscopes market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the gastroscopes market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, gastroscopes market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Advin Health Care - The company specializes in advanced gastroscopes, including video Endoscope Gastroscopes, enhancing diagnostic accuracy and patient care in the medical field. These innovative devices enable healthcare professionals to examine the digestive tract with clarity and precision.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Gastroscopes Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 340.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.11 |
Key countries |
US, Germany, Japan, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this gastroscopes market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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