What Is The Forecast Growth Rate For The Gastrointestinal Endoscopy Market?
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The global gastrointestinal endoscopy market size is expected to grow from $13.6 billion in 2022 to $14.65 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The gastrointestinal endoscopy market is expected to reach $18.88 billion in 2027 at a CAGR of 6.5%.
Gastrointestinal endoscopy is a diagnostic and therapeutic procedure that allows physicians to examine the digestive system by inserting a long, flexible, lighted instrument called an endoscope either through the rectum or down through the throat. It is used to examine the inside of the gastrointestinal (GI) tract to detect abnormalities and diagnose various conditions.
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Gastrointestinal Endoscopy Market Driver
The increasing prevalence of gastrointestinal diseases is driving the gastrointestinal endoscopy market going forward. Gastrointestinal diseases are a group of disorders that affect the gastrointestinal (GI) tract, including the organs involved in digestion and food processing. Gastrointestinal endoscopy is a widely used technique to identify abnormalities, obtain tissue samples for biopsy, and perform therapeutic interventions in diagnosing and treating gastrointestinal diseases.
Gastrointestinal Endoscopy Market Trends
Product innovations in gastrointestinal endoscopic devices are a key trend in the gastrointestinal endoscopy market. Major companies operating in the gastrointestinal endoscopy market are introducing advanced endoscopic devices to sustain their position in the market.
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Major Players And Regions Of The Gastrointestinal Endoscopy Market
Major players in the gastrointestinal endoscopy market are Merck & Co Inc., Medtronic plc, Johnson & Johnson MedTech, FUJIFILM Holdings Corporation, Stryker Corporation, Atrium Health Co, Boston Scientific Corporation, Regeneron Pharmaceuticals Inc., Envaste Limited.
North America was the largest region in the gastrointestinal endoscopy market in 2022.
Gastrointestinal Endoscopy Market Segmentation By The Business Research Company
The global gastrointestinal endoscopy market 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
The Table Of Content For The Gastrointestinal Endoscopy Market Include:
1. Gastrointestinal Endoscopy Market Executive Summary
2. Gastrointestinal Endoscopy Market Segments
3. Gastrointestinal Endoscopy Market Size And Gastrointestinal Endoscopy Market Growth Rate
4. Key Gastrointestinal Endoscopy Market Trends
5. Major Gastrointestinal Endoscopy Market Drivers
……
25. Key Mergers And Acquisitions In The Gastrointestinal Endoscopy Market
26. Top Gastrointestinal Endoscopy Companies
27. Gastrointestinal Endoscopy Market Opportunities And Strategies
28. Gastrointestinal Endoscopy Market, Conclusions And Recommendations
29. Appendix
The Gastrointestinal Endoscopy Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the gastrointestinal endoscopy market.
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