Gastroscopes Market USD 2,070.71 Mn Revenue Expected To Reach by 2023 | Market Research Future

“Gastroscopes Market”
The Global Gastroscopes Market is expected to grow at a CAGR of 10.8% during the forecast period 2018-2023. High cost of gastroscopes and risk of infection by their use may restrain the market growth of the market.

Market Research Future published a Cooked Research Report on “Global Gastroscopes Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023”.

The Gastroscopes Industry is expected to grow at an exponential rate owing to an increasing prevalence of gastric diseases such as gastritis, and rising demand for technologically advanced gastroscopes across the globe. Additionally, a large number of market players manufacturing gastroscopes and their rising demand from hospitals and diagnostic center also contribute to the market growth.

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Gastroscopy is a procedure in which a flexible tube known as gastroscope is used to observe the internal structure or parts of the esophagus, stomach, and small intestine. Gastroscopy can be recommended to investigate number of problems of stomach esophagus and small intestine. Major symptoms for gastroscopy are abdominal pain, a reduced number of red blood cells (anemia), heartburn or indigestion, and difficulties in swallowing or pain when swallowing (dysphagia). It is useful to confirm the diagnosis of various conditions such as stomach ulcers, stomach cancer and esophageal cancer, gastro-esophageal reflux disease (GORD), Barrett’s esophagus, and coeliac disease.


The Global Gastroscopes Market is segmented on the basis of type, application, and end user. On the basis of type, market is segmented into standard gastroscopes, transnasal gastroscopes, therapeutic gastroscopes, and dual channel gastroscopes.

On the basis of application, the market is segmented into contradictions, gastric ulcer, chronic gastritis, normal mucosa and others. Chronic gastritis is further segmented into superficial gastritis and atrophic gastritis. On the basis of end user, the market is segmented into hospitals, diagnostic labs, clinics, ambulatory surgical centers, and others

Global Gastroscopes Market – Competitive Analysis

September, 2017- Stryker Corporation acquired NOVADAQ Technologies Inc, to expand its product portfolio in imaging technology. NOVADAQ is one of the leading developer of fluorescence imaging technology which in providing surgeons visualization of blood flow in vessels, and related tissue perfusion in cardiac, cardiovascular, gastrointestinal, plastic, microsurgical, and reconstructive procedures.

July, 2017- PENTAX MEDICAL Company had announced the collaboration with Shanghai Aohua Photoelectricity Endoscope Co., Ltd. (AOHUA) to improve the standard of patient care and quality of healthcare.

June, 2017- Boston Scientific Corporation launched Alair bronchial thermoplasty therapy in India. Alair bronchial thermoplasty treatment uses a bronchoscope to deliver radiofrequency energy to reduce the amount of excess smooth muscle tissue in the airways.

June, 2017- Olympus Company launched 3D Surgical Endoscope for faster and more precise surgery.

January, 2017- PENTAX MEDICAL Company acquired C2 Therapeutics to expand interventional endoscopy offering. According company reports, this acquisition will expand the company’s role in the gastroenterology worldwide from being a provider of advanced imaging for diagnostics, to now providing advanced therapeutic solutions.

Global Gastroscopes Market – Regional Analysis

America is the largest market for gastroscopes whose market is driven by an increasing prevalence of gastrointestinal diseases such as gastritis and dysphagia. Furthermore, there is a rise in the number of gastroscopies performed in the hospitals and diagnostic centers, thereby increasing the demand for gastroscopes.

Europe is the second largest market driven by the extensive use of diagnostic medical devices including gastroscopes and rising healthcare funding to research and development activities. According to the United European Gastrology report, in 2012, there were 34,534 new cases of esophageal cancer recorded in the European Union (EU).

In Asia Pacific is expected to be the largest market for Gastroscopes owing to an increase in the prevalence of gastric ulcer and other gastric diseases. Availability of high quality and affordable treatment options as well as rising demand for gastroscopies further boost the market growth. China and India are expected to web the fastest growing market in Asia Pacific. Also, rising geriatric population with number of chronic diseases and changing lifestyle of people further improve the market growth.

Middle East & Africa show steady but positive growth owing to rising demand for diagnostic services and increasing emphasis on primary healthcare.

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