[160 Pages Research Reports] Gastrointestinal Endoscopy Devices Market is expected to grow at a CAGR of 5.10% during the forecast period 2023-2030. The market for gastrointestinal endoscopy equipment refers to medical devices used in the diagnosis and treatment of gastrointestinal (GI) problems. Endoscopy is a minimally invasive treatment that uses an endoscope to inspect the inside of the body. Endoscopy equipment are used to inspect the digestive tract, which includes the oesophagus, stomach, and intestines.
Market Drivers:
The rise in the prevalence of gastrointestinal disorders is one of the key factors driving the growth of the gastrointestinal endoscopy devices market. According to the World Gastroenterology Organization, more than one billion people worldwide suffer from digestive disorders, and these disorders account for 8.5% of all deaths globally. Gastrointestinal endoscopy devices are used to diagnose and treat a wide range of GI disorders, including gastroesophageal reflux disease (GERD), peptic ulcers, inflammatory bowel disease (IBD), and colorectal cancer. The increasing demand for minimally invasive procedures is also driving the growth of the gastrointestinal endoscopy devices market.
Market Opportunities:
-Advancements in technology:
The rapid advancements in endoscopic technology have paved the way for innovative diagnostic and therapeutic procedures, such as virtual colonoscopy, endoscopic ultrasound, and capsule endoscopy. These advancements have improved the accuracy of diagnosis and treatment, reduced procedure time and patient discomfort, and increased the efficiency of healthcare systems.
-Growing demand for minimally invasive procedures:
The increasing preference for minimally invasive procedures has led to the development of advanced endoscopic devices that enable visualization of the gastrointestinal tract without the need for surgery. This trend is expected to continue, driven by the benefits of minimally invasive procedures, such as reduced hospital stay, faster recovery time, and fewer complications.
Market Challenges:
-High cost of endoscopic devices:
The high cost of endoscopic devices is a major challenge for the gastrointestinal endoscopy devices market. The cost of these devices can be a significant barrier to adoption, particularly in developing countries with limited healthcare budgets.
-Lack of skilled professionals:
The lack of skilled professionals who can perform endoscopic procedures is another challenge for the market. Endoscopic procedures require specialized skills and training, and the shortage of trained professionals can limit the adoption of endoscopic devices.
Segmentation Analysis:
The global Gastrointestinal Endoscopy Devices Market can be segmented based on Product, Application, End User
By Product:
By Application:
By End User:
Competitive Landscape:
The following are some of the top participants in the gastrointestinal endoscopy market
Regional Analysis:
North America dominates the gastrointestinal endoscopy market as hospitals increase their spending in new endoscopic equipment and research initiatives to improve endoscopy. Due to increased health awareness and demand for improved medical technology, Asia-Pacific is predicted to develop at the fastest rate over the forecast period.
Recent Development:
Pentax Medical: In 2021, Pentax Medical launched DEC™ Video Duodenoscope, which features improved image quality and advanced sterilization capabilities.
Olympus Corporation: In 2020, Olympus Corporation launched EVIS X1, an advanced endoscopy system that features 4K resolution, artificial intelligence (AI) capabilities, and wide imaging modalities.
Fujifilm Holdings Corporation: In 2020, Fujifilm Holdings Corporation launched ELUXEO® 7000, to enhance the accuracy and efficiency in early-stage gastrointestinal cancers.
Boston Scientific Company announced in December 2019 that the EXALT Model D Single Use Duodenoscope had received FDA approval. The device is used in endoscopic retrograde cholangiopancreatography operations. The device has received FDA approval, making it the first and only (disposable) duodenoscope. The firm was able to grow its clients and expand its operations thanks to clearances like these.
Cook Medical: In 2019, Cook Medical launched Evolution® Controlled Release Esophageal Stent System, to improve the outcomes of esophageal cancer patients undergoing stent placement.
1. Executive Summary
1.1 Introduction to Gastrointestinal Endoscopy Devices Markets
1.2 Gastrointestinal Endoscopy Devices Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Gastrointestinal Endoscopy Devices Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Gastrointestinal Endoscopy Devices Market Trends
3.2 Key Gastrointestinal Endoscopy Devices Market Growth Drivers
3.3 Key Gastrointestinal Endoscopy Devices Market Growth Restraints
4 Gastrointestinal Endoscopy Devices Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Gastrointestinal Endoscopy Devices Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Gastrointestinal Endoscopy Devices Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Gastrointestinal Endoscopy Devices Market Size Outlook to 2030
5. Gastrointestinal Endoscopy Devices Market Segmentation- Outlook by Type
5.1 Gastrointestinal Endoscopy Devices Market Share Analysis by Type, 2023
5.2 Market Outlook to 2030
5.3 GI Endoscopes Market Outlook to 2030
5.4 Camera Heads Market Outlook to 2030
5.5 Visualization Systems Market Outlook to 2030
5.6 Biopsy Devices Market Outlook to 2030
5.7 Transmitters and Receivers Market Outlook to 2030
5.8 Capsule Endoscopes Market Outlook to 2030
5.9 Robot-Assisted Endoscopes Market Outlook to 2030
6. Gastrointestinal Endoscopy Devices Market Segmentation- Outlook by Application
6.1 Gastrointestinal Endoscopy Devices Market Share Analysis by Application, 2023
6.2 Laparoscopy: Gastrointestinal Endoscopy Devices Market Outlook to 2030
6.3 Obstetrics/Gynecology Endoscopy: Gastrointestinal Endoscopy Devices Market Outlook to 2030
6.4 Arthroscopy: Gastrointestinal Endoscopy Devices Market Outlook to 2030
6.5 Urology Endoscopy: Gastrointestinal Endoscopy Devices Market Outlook to 2030
6.6 Bronchoscopy: Gastrointestinal Endoscopy Devices Market Outlook to 2030
6.7 ENT Endoscopy: Gastrointestinal Endoscopy Devices Market Outlook to 2030
6.8 Mediastinoscopy: Gastrointestinal Endoscopy Devices Market Outlook to 2030
7. Gastrointestinal Endoscopy Devices Market Segmentation- Outlook by End-User
7.1 Gastrointestinal Endoscopy Devices Market Share Analysis by End-User, 2023
7.2 Hospitals and Clinics: Gastrointestinal Endoscopy Devices Market Outlook to 2030
7.3 Ambulatory Surgery Centers: Gastrointestinal Endoscopy Devices Market Outlook to 2030
7.4 Others
8. North America Gastrointestinal Endoscopy Devices Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Gastrointestinal Endoscopy Devices Market Growth Opportunities
8.2.1 North America Gastrointestinal Endoscopy Devices Market Outlook by Type, 2021 to 2030
8.2.2 North America Gastrointestinal Endoscopy Devices Market Outlook by Application, 2021 to 2030
8.2.3 North America Gastrointestinal Endoscopy Devices Market Outlook by Country, 2021 to 2030
8.3 United States Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
8.4 Canada Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
8.5 Mexico Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
9. Europe Gastrointestinal Endoscopy Devices Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Gastrointestinal Endoscopy Devices Market Growth Opportunities
9.2.1 Europe Gastrointestinal Endoscopy Devices Market Outlook by Type, 2021 to 2030
9.2.2 Europe Gastrointestinal Endoscopy Devices Market Outlook by Application, 2021 to 2030
9.2.3 Europe Gastrointestinal Endoscopy Devices Market Outlook by Country, 2021 to 2030
9.3 Germany Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
9.4 France Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
9.5 United Kingdom Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
9.6 Spain Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
9.7 Italy Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
9.8 Other Europe Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
10. Asia Pacific Gastrointestinal Endoscopy Devices Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Gastrointestinal Endoscopy Devices Market Growth Opportunities
10.2.1 Asia Pacific Gastrointestinal Endoscopy Devices Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Gastrointestinal Endoscopy Devices Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Gastrointestinal Endoscopy Devices Market Outlook by Country, 2021 to 2030
10.3 China Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
10.4 Japan Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
10.5 India Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
10.6 South Korea Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
10.7 Indonesia Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
11. South and Central America Gastrointestinal Endoscopy Devices Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Gastrointestinal Endoscopy Devices Market Growth Opportunities
11.2.1 South and Central America Gastrointestinal Endoscopy Devices Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Gastrointestinal Endoscopy Devices Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Gastrointestinal Endoscopy Devices Market Outlook by Country, 2021 to 2030
11.3 Brazil Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
11.4 Argentina Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
11.5 Other Latin America Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
12. Middle East and Africa Gastrointestinal Endoscopy Devices Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Gastrointestinal Endoscopy Devices Market Growth Opportunities
12.2.1 Middle East and Africa Gastrointestinal Endoscopy Devices Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Gastrointestinal Endoscopy Devices Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Gastrointestinal Endoscopy Devices Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
12.5 Other Middle East Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
12.6 Egypt Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
12.7 South Africa Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
12.8 Other Africa Gastrointestinal Endoscopy Devices Market Outlook, 2021 to 2030
13. Profiles of major world Gastrointestinal Endoscopy Devices Companies
Intuitive Surgical Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Stryker Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Medrobotics Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Johnson & Johnson Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Globus Medical
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
NuVasive Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Smith and Nephew Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Titan Medical Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
TransEnterix Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Mazor Robotics
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Auris Health Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Corindus Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Renishaw plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
Medineering GmbH
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer