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Gastroscopes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Published By :

Transparency Market Research

Category :

Healthcare

Global Gastroscopes Market: Overview

Gastroscopes are the specifically manufactured tubes which are built-in with lenses and lights which can be passed into a patient’s stomach to examine and understand its interior anatomy. These gastroscopes are navigable and precisely captures videos and images of the upper gastrointestinal tract (GI tract).

The global gastroscopes market is estimated to grow rapidly in the coming years. Global demand for gastrointestinal tract (GI tract) diagnostic procedures and endoscopy procedures is huge due to rise in number of complications, for example, obesity, increase in blood pressure, glucose, and cholesterol. Simultaneously, changes in lifestyle habits, for example unhealthy diet, lack of physical activity, and rise in number of food and water borne infections are some of the factors driving the gastroscopes market.  Rapid developments in companion diagnostics, techniques such as transcriptomics metabolomics, and genomics are expected to support the growth of the global gastroscopes market. Global demand for gastrointestinal tract (GI tract) diagnostic & therapeutic procedures is growing rapidly due to the increase in incidence of pancreatic, digestive, stomach, and gallbladder system cancers. Gastrointestinal tract cancer is caused by uncontrolled growth of cells.

Global Gastroscopes Market: Drivers and Restraints

Gastroscopes unrestrained growth may lead to formation of lumps, commonly known as tumors. The presence of these malignant tumors obstructs the regular functioning of the GI tract system. Pancreatic and digestive system cancers is an increasing problem in the United States. Annually, approximately, 30,000 patients are diagnosed with this complication. Pharma experts and scientists suggest that the U.S. has the maximum number of patients suffering from pancreatic cancer. Pancreatic cancer also has a less than five-year survival rate; this makes it one of the highest unmet therapy needs in the overall cancer gastroscopes market.  Similarly, esophageal cancer originates inside the cells of the esophagus system. Generally, esophageal cancer is more common in men compared to women. Esophageal cancer is also one of the most common cause of deaths worldwide. Prevalence & incidence rates of these cancers may vary with geographic locations. In some of the regions/countries, cancer cases may be credited to alcohol consumption, tobacco, obesity, and faulty nutritional habits. Increase in diagnosis of GI tract cancer is anticipated to drive the global gastroscopes market.  Conversely, the rise in cost of treatment, side effects of chemotherapies, and lack of reimbursement policies in developing regions are some of the factors which may hinder the growth of the global gastroscopes market.

The global gastroscopes market is divided based on product, end users, and geographical regions. By product, the global gastroscopes market is classified into flexible gastroscopes and rigid gastroscopes. By end users, the market is divided into hospitals, ambulatory surgical centers, and others.

Global Gastroscopes Market: Key Segments

Geographically the global gastroscopes market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America and Europe region are anticipated to dominate the global gastroscopes market in the coming years. Some of the key elements behind their domination are technological advancements, rapid adoption of new techniques, and better healthcare infrastructure supported by government policies. Additionally, presence of key players of the market with big investment plans, end users, and common who can easily afford the cost of technologically advanced products which offers safety and quality output are the factors which drives the market in this region.

Global Gastroscopes Market: Key Players

Some of the key players in the global gastroscopes market are Endomed Systems, FUJIFILM, HOYA, HUGER Medical Instrument, Karl Storz, and Olympus Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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