Global Gastroscopes Market 2018-2022
Gastroscopes are specially designed tubes fitted with lenses and lights that can be passed into the stomachto examine its interior anatomy. Gastroscopes are maneuverable and capture high-quality images and videos of the stomach and the upper GI tract.
Technavio’s analysts forecast the global gastroscopes market to grow at a CAGR of 5.81 % during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global gastroscopes market for 2018-2022. To calculate the market size, the report considers the diagnosis of diseases of the esophagus, stomach, or the upper part of the small intestine (SI).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Gastroscopes Market 2018-2022
Technavio recognizes the following companies as the key players in the global gastroscopes market: Endomed Systems, FUJIFILM, HOYA, HUGER Medical Instrument, KARL STORZ, and Olympus .
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing growth opportunities in emerging markets. Due to the increasing population of undiagnosed and untreated people with GI disorders in emerging countries, vendors are extensively focusing on expanding their business in these markets to generate substantial revenue and increase their presence. For instance, the incidence and prevalence of chronic GI disorders in Asia, particularly in China and India, have been increasing over the past few years. Scientists have identified ulcerative colitis as one of the most common GI diseases affecting individuals in emerging countries such as China and India. Although several drugs are available in the market to treat such disorders, flexible gastroscopes play a vital role in early and accurate diagnosis. There has been growing awareness among the key vendors regarding the use of advance”
According to the report, one of the major drivers for this market is Wide prevalence of GI disorders. The global gastroscopes market is driven by the increased number of patients with GI diseases. The growing incidence of diseases such as esophageal or pancreatic cancers, biliary diseases, IBD, GERD, and Barrett's syndrome is expected to drive the growth of the global gastroscopes market. Also, changes in lifestyle such as unhealthy diet and physical inactivity have resulted in several complications like elevated blood pressure, blood glucose, cholesterol, and obesity in recent years. In the past few years, there has been a rise in morbidity and mortality rates due to chronic diseases such as esophageal cancer and critical GI disorders.
Further, the report states that one of the major factors hindering the growth of this market is Complications and maintenance issues associated with gastroscopes. Endoscopy is usually a safe procedure, which is used widely for treating upper GI disorders. However, the procedure involves risks and complications, which include perforation of organs (stomach or esophagus lining), bleeding, and infections. The treatment of perforation involves surgery. However, certain cases may be treated with intravenous therapy or antibiotics. Bleeding may occur during polyp removal or biopsies. Sometimes, minor bleeding may stop on its own or by cauterization. The risk of bleeding after an endoscopic procedure is increased if the procedure involves biopsy or the treatment of a digestive system disorder.
Endomed Systems, FUJIFILM, HOYA, HUGER Medical Instrument, KARL STORZ, and Olympus .