Global Gastrointestinal Endoscopy Market to Reach $25.75 Billion by 2031 - BIS Research Study

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BIS Research

20 Sep, 2022, 14:00 GMT

The study projects the market to grow at a CAGR of 6.24% between 2022 and 2031

FREMONT, Calif., Sept. 20, 2022 /PRNewswire/ -- BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Gastrointestinal Endoscopy Market – A Global and Regional Analysis.

According to this study, the market size of the global gastrointestinal endoscopy market was valued at $13.40 billion in 2021 and is projected to reach $25.75 billion by 2032.

The following factors are responsible for the increase in demand for gastrointestinal endoscopy:

  • Increasing prevalence of chronic gastrointestinal diseases
  • Upsurge in the adoption of disposable gastrointestinal endoscopes
  • Rising inclination toward minimally invasive procedures
  • Shift toward wireless capsule endoscopy

The detailed study is a compilation of 38 market data tables and 230 figures spread through 280 pages.

Check out the detailed table of content here: https://bisresearch.com/requestsample?id=1359&type=toc

Analyst's Take on the Market Projection

According to Abdul Wahid, Principal Consultant – BIS Research, "The global gastrointestinal endoscopy market is well-established and is expected to grow significantly over the forecast period owing to increase adoption of disposable endoscopes, as the chances of infection in reusable endoscopes is high. Additionally, the cost associated with reprocessing reusable endoscope is also high."

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Existing Competitive Landscape

The companies that are profiled have been selected based on primary research inputs gathered from a network of industry experts and analyzing company coverage, product portfolio, and market penetration.

Some of the prominent established names in this market are:

Established Companies

  • Boston Scientific Corporation
  • Medtronic plc
  • KARL STORZ SE & Co. KG
  • Ambu A/S
  • Teleflex Incorporated
  • HOYA Corporation
  • Olympus Corporation
  • FUJIFILM Holdings Corporation
  • Cook Group Inc
  • SonoScape Medical Corp.

Startups

  • EndoMed Systems GmbH
  • CapsoVision, Inc.
  • HuiZhou Xzing Technology Co., Ltd.
  • Endogene Ltd.
  • Envaste Limited

Recent Developments in the Global Gastrointestinal Endoscopy Market

  • In May 2022, Limaca-Medical received breakthrough device recognition by FDA for its Precision-GI endoscopic ultrasound biopsy device.
  • In February 2022, Ambu A/S received FDA approval for its Ambu aScope Gastro and Ambu aBox 2.
  • In November 2021, Medtronic plc received 510 (k) clearance from FDA for its Pillcam Small Bowel 3 system for remote endoscopy procedures.
  • In August 2021, Ambu received CE mark approval for its Ambu aScope Duodeno, a disposable duodenoscope.

Gastrointestinal Endoscopes and Endoscopic Systems to Witness Exponential Growth 

The global gastrointestinal endoscopy market is segmented by type into gastrointestinal endoscopes and endoscopic systems, and gastrointestinal endotherapy. According to the research conducted by BIS Research, the gastrointestinal endotherapy segment had the larger market share in 2021 and is expected to continue having a higher market share between 2022 and 2031. However, the study suggests that the gastrointestinal endoscopes and endoscopic systems segment is expected to close the gap rapidly by growing at a higher CAGR than gastrointestinal endotherapy.

Why Should You Buy The Report?

This exclusive report on the global gastrointestinal endoscopy market will help in the following ways:

  • Extensive product benchmarking of the top players (including established and emerging players) to offer a holistic view of the global gastrointestinal endoscopy market product landscape
  • Comparative analysis (conventional vs. robot-assisted surgery and disposable vs. reusable endoscopes) to gain a better understanding of how the introduction of these technologies has changed the landscape of the global gastrointestinal endoscopy market
  • Market share analysis based on product portfolio, recent developments, and regional spread of the key players
  • Investment landscape, including patent analysis

Request a FREE sample of this report here: https://bisresearch.com/requestsample?id=1359&type=download

BIS Research Related Market Studies:

Global Minimally Invasive Gastrointestinal Surgical Systems Market

About BIS Research: 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscape. 

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