The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Gastrointestinal Endoscopy Global Market Report 2024, the gastrointestinal endoscopy market is expected to show significant growth in the forecast period.

The gastrointestinal endoscopy market has witnessed significant growth in recent years, driven by various factors:

• Increasing prevalence of gastrointestinal diseases
• Rising awareness about early disease detection
• Growing aging population
• Reimbursement policies
• Expanding applications in therapeutic procedures

Gastrointestinal diseases affect the GI tract and are diagnosed and treated using endoscopy techniques.

Market Players and Growth Predictions

• Major companies driving the market include Merck & Co Inc., Medtronic PLC, Johnson & Johnson MedTech, and more.
• The market size is expected to reach $15.72 billion in 2024 with a CAGR of 7.3%.
• Further growth is forecasted, reaching $20.22 billion in 2028 at a CAGR of 6.5%.

View More On The Gastrointestinal Endoscopy Market Report 2024 – https://www.thebusinessresearchcompany.com/report/gastrointestinal-endoscopy-global-market-report

Trends Shaping the Market

Several trends are shaping the gastrointestinal endoscopy market:

• Increasing use of artificial intelligence
• Development of disposable endoscopes
• Rising demand for flexible endoscopes
• Focus on tele-endoscopy services
• Integration of robotics

Gastrointestinal Endoscopy Market Trends Fueled By Advanced Device Launches

Innovation in endoscopic devices is a significant trend driving market growth:

• Companies like Fujifilm Healthcare Americas Corporation are introducing advanced devices like TRACMOTION, designed for endoscopic submucosal dissection (ESD).
• These innovations improve visualization and simplify procedures, enhancing clinicians’ capabilities.

Boston Scientific Acquires Apollo Endosurgery

• In April 2023, Boston Scientific acquired Apollo Endosurgery for $615 million.
• This acquisition aims to strengthen Boston Scientific’s endoluminal surgery portfolio and endo-bariatric solutions.

Market Segmentation

The gastrointestinal endoscopy market is segmented based on:

1. Product: Including endoscopes, camera heads, visualization systems, biopsy devices, capsule endoscopes, and more.
2. Application: Covering OGIB, Crohn’s disease, small intestine tumor, and other applications.
3. End User: Such as hospitals, ambulatory surgery centers or clinics, and others.

Regional Analysis

• North America led the gastrointestinal endoscopy market in 2023.

The market’s growth is driven by technological advancements, increasing demand for minimally invasive procedures, and the expanding healthcare infrastructure. With continuous innovation and strategic acquisitions, the market is poised for further expansion, catering to the growing needs of patients and clinicians alike.

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