Key Trends and Insights into the Esophagoscopes And Gastroscopes Market: Growth Rate and Opportunities to 2034
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Future CAGR is Anticipated for the Esophagoscopes And Gastroscopes Market Over the 2025–2034 Period?
In recent times, the market size of esophagoscopes and gastroscopes has seen substantial growth. The predicted growth is from $1.67 billion in 2024 to $1.78 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. The historical growth in this market is associated with the prevalence of gastrointestinal issues, early diagnosis and cancer screening, minimally invasive procedures and an increasingly aging population.
In the coming years, the market for esophagoscopes and gastroscopes is projected to experience substantial growth. It is expected to increase to $2.3 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%. This projected growth can be credited to factors such as the expansion of outpatient endoscopy centers, a surge in patient preference for non-invasive procedures, advancements in imaging and visualization techniques, and the growth of healthcare infrastructure. Key trends during this forecast period include advancements in endoscopy technology, technological innovation, 3d imaging, and the application of artificial intelligence (AI) in image analysis.
What Strategic Factors Are Influencing the Accelerated Growth of the esophagoscopes and gastroscopes Market?
An increase in the prevalence of inflammatory bowel disease is a significant factor contributing to the growth of the esophagoscope and gastroscope market. This chronic disease results in inflammation in the digestive tract which can effectively be diagnosed and managed using esophagoscopes and gastroscopes, as these medical instruments allow for the detailed examination and study of the gastrointestinal tract. For example, a research article from March 2023 in the Journal of the Canadian Association of Gastroenterology – an open-access peer-reviewed journal based in Canada – projected the incidence rate of inflammatory bowel disease in Canada to rise from 825 per 100,000 population in 2023, to 1075 per 100,000 population in 2035. As such, this spike in inflammatory bowel disease cases is fueling the demand and growth for esophagoscopes and gastroscopes.
Esophagoscopes and Gastroscopes Market Driver: Surge in Esophageal Cancer Incidence Spurring Esophagoscope and Gastroscope Market Growth
Request Your Free Esophagoscopes And Gastroscopes Market Report Sample Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12979&type=smp
Who Are the Influential Players Fueling Innovation and Growth in the Esophagoscopes And Gastroscopes Market?
Major companies operating in the esophagoscopes and gastroscopes market are:
• Medtronic PLC_x000D_
• FUJIFILM Corporation_x000D_
• Stryker Corporation_x000D_
• Boston Scientific Corporation_x000D_
• B Braun Melsungen AG_x000D_
What Impact Are Industry Trends Having on the Esophagoscopes And Gastroscopes Market’s Future Prospects?
In the esophagoscopes and gastroscopes market, principal companies are concentrating on creating inventive solutions such as flexible endoscopes for a competitive edge. A flexible endoscope, a medical device used to examine internal parts like the gastrointestinal tract, employs a bendable tube equipped with a camera, delivering real-time images and facilitating minimally invasive procedures. For example, Lumicell, a biotech firm based in the US, was awarded a $400,000 Phase I Small Business Innovation Research (SBIR) grant by the National Cancer Institute (NCI) in October 2024. They plan to use this grant to develop an innovative flexible endoscope to diagnose Barrett’s esophagus. The imaging platform of this endoscope will merge far infrared fluorescence and reflected light imaging to detect real-time likely cancerous lesions. This could significantly aid earlier detection of esophageal adenocarcinoma (EAC). Presently, the diagnosis of precancerous lesions depends on endoscopy and random biopsies, a process that’s not always efficient or swift. Through this technology, Lumicell aspires to augment sensitivity of diagnosis, decrease resource reliance, and enable immediate treatment of the detected lesions.
Pre-order Your Report for Quick and Easy Delivery!
What Are the Primary Segments of the Esophagoscopes And Gastroscopes Market and Their Roles in Growth Dynamics?
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
Subsegments:
1) By Rigid: Rigid Esophagoscopes, Rigid Gastroscopes
2) By Flexible: Flexible Esophagoscopes, Flexible Gastroscopes
3) By Transnasal: Transnasal Esophagoscopes, Transnasal Gastroscopes
4) By Other Types: Single-Use Endoscopes, Dual-Use Endoscopes
What Regions Are Leading the Growth Trajectory of the Esophagoscopes And Gastroscopes Market?
North America was the largest region in the esophagoscopes and gastroscopes market in 2024. 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.
What Are the Defining Aspects of the Esophagoscopes And Gastroscopes Market Landscape?
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.
Browse Through More Similar Reports By The Business Research Company:
Endoscope Reprocessing Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/endoscope-reprocessing-global-market-report
Endoscope Reprocessing Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/endoscope-reprocessing-global-market-report
Medical Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/medical-equipment-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
