Gastroscopes Market Research Report - Forecast till 2027

Gastroscopes Market: Information by Type (Standard Gastroscopes, Transnasal Gastroscopes, Therapeutic Gastroscopes, Dual Channel Gastroscopes and others), Application (Contraindications, Gastric Ulcer, Chronic Gastritis (Superficial Gastritis and Atrophic Gastritis), Normal Mucosa and others), End User (Hospitals & Clinics, Diagnostic Labs, Ambulatory Surgical Centers and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027

ID: MRFR/MED/3067-CR | July 2019 | Region: Global | 128 Pages         

Gastroscopes Market Speak to Analyst Request a Free Sample

Gastroscopes Market Overview:

While it is expected that the Gastroscopes market size will reach 6.9% CAGR, this would ensure that it reaches USD 2,070.71 million by 2023. The procedure that includes using a flexible tube to examine a human body's internal organs, including the stomach, small intestine, and esophagus, is termed gastroscopy. This procedure is also helpful in examing the internal layer of the gastrointestinal tract. The procedure is also used to fetch the samples for biopsy to diagnose many diseases.

The driving force behind the gastroscopes market share is that gastric diseases in individuals have been increasing each day, and the demand for getting the diagnosis done at the early stages is also on the rise. On the other hand, the factors restricting the market's growth are the higher cost involved and the chances of the person getting infected with the tube.

COVID-19 Analysis:

COVID 19 times has not been easy for anyone across the globe. Every business had to face difficult times economically and physically. With the recovery of a trillion of dollars which is the global economic downturn, it is estimated that its recovery would take almost a year. While each business is desperately willing to end this period of recession, they, on the other hand, are looking for the right type of guidance on how to achieve their goals.

A proper strategical approach is required to overcome this difficult time, and appropriate insights from the reports are likely to provide great benefits to all the companies.

High-end reports are provided to the companies that highlight the major concerns and the solutions for the same. The insights provided to the companies consists of the following:

  • Changes in the industry standards; This refers to the advancements that have taken place recently n the market, which gives the company an idea of where they stand; if it lacks behind the competitors, this is where they are given guidance to enroll themselves into the similar kind of advancements.

  • Present the products' situation in major countries: Not just the competitor in the same regions, but presenting the companies' situation in a similar market is also what the companies are guided about.
  • While every business, big or small, is trying to look for the current situation and take necessary steps to combat the crisis, the analysts study the market trends. They are all set to guide the companies with the best advice.

    Market Dynamics:

    While there has been a sharp increase in gastric diseases worldwide, the research has also increased with the increase in the same investment. With data that says that there are almost 4 million people in a year affected by peptic ulcers, there is an estimated incidence of 1.5 to 3 percent. According to a report released by No Stomach for Cancer, Inc., in 2015, gastric cancer is among the top 3 causes of death caused by cancer in the entire world. Hence, with the increase in such cases, steady and fast growth has been seen in the Gastroscopes market size.

    Technology Analysis

    The gastroscope market has opened up the doors to early detection of almost all gastrointestinal issues. With this, it has started to gain popularity even though the procedures involved are very expensive. There are few reasons behind it. First is the increasing geriatric population, which means the people with a higher age group are most likely to suffer from one of the other gastrointestinal issues. Secondly, even in the younger population globally, gastric diseases have seen a steep rise due to bad eating habits. Also, because there has been rising awareness towards minimally invasive procedures rather than invasive surgeries, the gastroscopes market share has taken a front foot among non-invasive procedures. Technological advancements have only been possible because of the increasing demand. As they say, every business flourishes on the demand chain supply.

    Segment Overview:

    It can be reviewed as follows:

  • By type: The market is divided into transnasal gastroscopes, dual-channel gastroscopes, standard gastroscopes, and therapeutic gastroscopes according to the types of gastroscopes. These are determined according to the type of disease they are supposed to be used for.

  • By application: Based on the application, the market can be divided into Contraindications, normal mucosa, chronic gastritis, gastric ulcers, and others. The chronic gastritis market is sub-divided into superficial and atrophic gastritis.

  • Based on end-users: Based on end-users, the market is divided into diagnostic labs, ambulatory surgical centers, hospitals and clinics, and others. While the right type of gastroscope must be used in the right kind of place, it is also mandatory to ensure that gastroscopes are used properly.
  • Regional Analysis

    The gastroscopes market type is divided regionally into the Americas, Asia-Pacific, Middle East, Europe, and Africa. The gastroscope market in America has a much higher scope for the market due to advancements in detection technologies for all gastrointestinal-related issues.

    The European market is expected to be the second-largest in the world during the forecast period. Disorders like esophageal cancer, Barrett's esophagus, and inflammatory bowel disease have shown a prevalence in the population in the last few years. This has boosted the market in the European countries.

    The fastest-growing market in the Asia Pacific market, with an increasing number of inflammatory bowel disease cases (IBD, gastroesophageal reflux disease, colorectal cancer, and Crohn's disease (CD) is the gastroscopes Industry. There has been a rapid increase in the instruments' demand to detect these early in the patients.

    The Middle East and African markets have been forecasted to experience a steady increase in the instruments' demand. Because healthcare services are increasing each day, the demand for diagnostic devices is also increasing.

    Competitive Landscape

    • Fujifilm Holdings Corporation (Japan)

    • SonoScape Medical Corp. (China)

    • Olympus Corporation (Japan)

    • Co. KG. (Germany)

    • PENTAX MEDICAL (Japan)

    • Perkin Elmer (US)

    • Endomed Systems

    • Boston Scientific Corporation (US)


    • KARL STORZ GmbH & Cogentix Medical

    Innovation, strategic planning, product development, and consistency have been some of the key elements that these major players have followed that have made them reach the level where they are today.

    Recent Developments :

    Few recent developments in the field of the gastroscope market are:

    • With the awareness of non-invasive techniques, the gastroscope market has seen tremendous growth.

    • Unhealthy eating habits and poor nutrition to the body have led to many gastrointestinal issues in people of all age groups across the world, which has further led to the market's growth.

    • The increasing geriatric population is also one of the major causes of the growth in the gastroscopes Industry.

    • Early detection of the disease has become everyone's first choice, which has to lead to the advancement in technology and growth in the market.

    • New elements are being launched every year to make sure that everything is kept up to date.

    Report Overview: The gastroscope market type is one of the major markets gaining success with each passing day. The major reason behind its growth is the fact that gastric issues have seen prevalence in people all over the world. With the increasing cases, the demand for diagnostic instruments is also increasing. Pointers included in the report are the following:

    • Market overview

    • Covid 19 analysis

    • Market dynamics

    • Technology analysis

    • Segmentation overview

    • Regional analysis

    • Competitive landscape

    • Recent developments

    Report Scope:

    Report Attribute/Metric Details
      Market Size   USD 2,070.71 million
      CAGR   217-2023: 6.9%
      Base Year   2019
      Forecast Period   2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Application, End User
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Cogentix Medical, Fujifilm Holdings Corporation (Japan), Boston Scientific Corporation (US), PENTAX MEDICAL (Japan), Endomed Systems, KARL STORZ GmbH & Co. KG. (Germany), Olympus Corporation (Japan), SOFMEDICA, SonoScape Medical Corp. (China), and Perkin Elmer (US)
      Key Market Opportunities   Technological advancements
      Key Market Drivers   Gastric diseases in individuals have been increasing each day, and the demand for getting the diagnosis done at the early stages is also on the rise.

    Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    The market would have a projected CAGR of 6.9% for the forecast period.

    The valuation would be USD 2070.71 million.

    The Asia Pacific would be the fastest-growing regional market.

    The top players involved in the market are Cogentix Medical, Fujifilm Holdings Corporation (Japan), Boston Scientific Corporation (US), PENTAX MEDICAL (Japan), Endomed Systems, KARL STORZ GmbH & Co. KG. (Germany), Olympus Corporation (Japan), SOFMEDICA, SonoScape Medical Corp. (China), and Perkin Elmer (US).