Improved detection rates thanks to technological advances in gastroscopy technique are expected to fuel the growth of the gastroscopy device market. The high quality, reduced risk of breakage, and increased illumination afforded by the flexible gastro scope make it the tool of choice for medical professionals. There has been a substantial uptick in the use of flexible video gastroscopy in recent years, as more medical professionals become familiar with its advantages over white light traditional gastroscopy. The rising prevalence of bio dirt offers a window of opportunity for the gastroscopy industry to introduce new products with cutting-edge safety features. The healthcare industry is anticipated to maintain its position as the market’s largest end user segment for the foreseeable future.
Olympus, Karl Storz, Sono Scape, Endomed, Medigus, Fujifilm Holdings Corporation, and Huger are some of the most prominent companies in the gastroscopy devices industry.
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When it comes to the esophagus, stomach, and upper portion of the small intestine, gastroscopy is the endoscopic procedure of choice for diagnosis. Ureter and pharynx endoscopy are synonyms for this procedure. Considered a major breakthrough in the medical field. The esophagoscope was a form of endoscopy specifically designed for use in esophagus-related diagnostic and therapeutic procedures. The use of esophagoscopes is no longer necessary due to the advent of gastroscopy. Basically, a gastro scope is just a longer version of an esophagoscope. A gastroscopy can also be used to look for cancer. If you are experiencing symptoms that may be related to your esophagus or stomach, you may benefit from this procedure. The probe, which is equipped with a light and camera, is inserted into the patient to provide a clear view of the esophagus, upper intestine, and stomach. Problems with swallowing, esophageal ulcers, and esophageal blockages are also studied using this method. The stomach’s lining can be examined with this method. There are two main categories of gastroscopy: those used for diagnosis or confirmation, and those used for treatment. In terms of prevalence, esophageal cancer ranks eighth worldwide. There were approximately 456,000 new cases of esophageal cancer diagnosed in 2012, according to the World Cancer Research Fund International. Most gastroenterologists favor gastroscopy over other methods for screening for esophageal cancer and polyps, which bodes well for the growth of the gastrointestinal endoscopy devices market.
Adenocarcinoma and squamous cell carcinoma are the two main subtypes of esophageal cancer. Different types of genes, mutations in those genes, and damage to the machinery of cell division are just a few of the potential causes of esophageal cancer. An independent study found that for every 5 units of body mass index (BMI), the risk of developing esophageal cancer increases by 48%. The rate at which esophageal and gastric polyps are discovered is proportional to the amount of time spent on diagnosis, and this in turn is correlated to the percentage of mucosal surface that is diagnosed. High-definition cameras are mounted on the end of a flexible tube in gastro scopes. The accuracy of a diagnosis is directly proportional to the caliber of the camera used. The entire length of the esophagus can be inspected with this device due to its extensive length.
The growth of the gastrointestinal endoscopy devices market is anticipated to be driven by innovations in endoscopy technology. Rising rates of esophageal cancer and polyps, an ageing population, a higher hereditary risk of developing cancer, and shifting consumer preferences are all factors propelling the market forward. The market for gastrointestinal endoscopy devices is expected to grow in part because of the government’s efforts to catch cancer at an earlier stage. The European Society of Gastrointestinal Endoscopy (ESGE) and United European Gastroenterology (UEG) established a community of endoscopy services across Europe in 2014, with the goal of delivering care that is of the highest possible standard in terms of quality, safety, accuracy, patient-centeredness, and accessibility. Market expansion is anticipated to be stymied by issues such as low levels of consumer knowledge, a scarcity of qualified experts, inadequate reimbursement policies, and an increasing number of cases linked to bio-dirt.
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In order to stay ahead of the competition, the market’s largest companies are engaging in a variety of business strategies, including business expansion. For instance, the Chinese endoscopy equipment maker SonoScope Medical Corporation debuted its new corporate identity at the 59th Annual Conference of the Indian Society of Gastronomy (ISGCON 2018), which took place in Kerala, India, in November 2018. The company’s presence in India is expected to grow thanks to this development.
Second, in order to increase their foothold in the industry, the market’s dominant players employ a variety of business strategies, including collaboration, agreement, and partnership. As an illustration, in August of 2018, Medigus, Ltd., a medical device manufacturer based in Israel, signed an exclusive distribution agreement with Micro-Tech Endoscopy for its ‘Medigus Ultrasonic Surgical Endoplaster (MUSE)’ system, which is used to treat heartburn.
Market leaders are using various business strategies, including mergers and acquisitions, to increase their foothold in the industry. For instance, Fujifilm Corporation purchased medwork GmBH, a German maker of therapeutic and diagnostic endoscopy instruments, in May 2019.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Gastroscopy Devices Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Gastroscopy Devices Industry Impact
Chapter 2 Global Gastroscopy Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Gastroscopy Devices (Volume and Value) by Type
2.3 Global Gastroscopy Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Gastroscopy Devices Sales, Consumption, Export, Import by Regions (2017-2030)
Chapter 5 North America Gastroscopy Devices Market Analysis
Chapter 6 East Asia Gastroscopy Devices Market Analysis
Chapter 7 Europe Gastroscopy Devices Market Analysis
Chapter 8 South Asia Gastroscopy Devices Market Analysis
Chapter 9 Southeast Asia Gastroscopy Devices Market Analysis
Chapter 10 Middle East Gastroscopy Devices Market Analysis
Chapter 11 Africa Gastroscopy Devices Market Analysis
Chapter 12 Oceania Gastroscopy Devices Market Analysis
Chapter 13 South America Gastroscopy Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Gastroscopy Devices Business
Chapter 15 Global Gastroscopy Devices Market Forecast (2022-2030)
Chapter 16 Conclusions
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