Gastroscopes Market Size by Segments, Share, Regulatory, Reimbursement, Procedures, Installed Base and Forecast to 2033

Gastroscopes Market Report Overview

The gastroscopes market size was valued at $2.45 billion in 2023. The gastroscope market will grow at a CAGR of more than 6% from 2023 to 2033. Gastroscopes are used in a variety of diagnostic and therapeutic procedures associated with the upper gastrointestinal tract. Diagnostic procedures include the detection of peptic ulcers, gastroesophageal reflux disease (GERD), coeliac disease, stomach cancer. Various surveillance and screening studies are easily carried out using gastroscopes. Therapeutic interventional gastroscopy includes procedures for acute, as well as chronic diseases in the gastrointestinal tract.

Gastroscopes Market Outlook 2023-2033 ($ Billion)

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The gastroscopes market research report explains the market behavior, which will help identify quantitative market trends within endoscopy devices therapeutic areas. The report has extensively covered regional-wise quantitative data, highlighting the number of gastroscopes across labs, which will help in identifying untapped market opportunities. The gastroscopes market model also discusses the detailed impact of COVID-19 on the gastroscopes market for 2020 and beyond.

Gastroscopes Market Dynamics

Patients with conditions such as GERD, stomach cancer, and peptic ulcers, celiac disease constitute the majority of individuals that require the use of these scopes. The rising incidence of stomach cancer is a contributing factor to the growth of this market. The number of flexible video gastroscopes installed in hospitals and ASCs will continue to grow steadily throughout the forecast period. This is due to the increasing number of gastrointestinal diseases and the demand for minimally invasive procedures. The single-use endoscopes in the healthcare sector will provide a system that will offer a sterile solution to the problem of cross-contamination and prevent restoration costs required with the usage of reusable endoscopes. Therefore, the market for single-use gastroscopes is expected to increase throughout the forecast period.

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Gastroscopes Market Segments

The key segment in the gastroscopes market is the flexible video gastroscopes. The segment is further categorized into reusable flexible video gastroscopes and single-use flexible video gastroscopes. In 2023, the reusable flexible video gastroscopes was the leading sub-segment.

Gastroscopes Market Analysis by Flexible Video Gastroscopes Segments, 2023 (%)

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Gastroscopes Market Segmentation by Regions

The key regions in the gastroscopes market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, Europe was the leading regional market for gastroscopes.

The market for flexible video gastroscopes to grow quickly, due to the increase in gastrointestinal disorders, chronic diseases, and emergency/intensive care procedures that require these scopes. Germany has the largest share of this market, followed by the UK and France. This is due to the increasing number of diagnostic procedures involving these scopes and the growing burden of gastric diseases.

Gastroscopes Market Analysis by Regions, 2023 (%)

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Gastroscopes Market – Competitive Landscape

The key companies in the gastroscopes market are Ambu Inc, Olympus Corp, Fujifilm Holdings Corp, PENTAX Medical Co, KARL STORZ SE & Co KG, SonoScape Medical Corp, Shanghai Aohua Photoelectricity Endoscope Co Ltd, and Medigus Ltd among others. In 2023, Olympus Corp accounted for the highest gastroscopes market share and value.

Gastroscopes Market Analysis by Companies, 2023 (%)

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Segments Covered in this Report.

Gastroscopes Segment Outlook ($ Million, 2015-2033)

• Flexible Video Gastroscopes
  • Reusable Flexible Video Gastroscopes
  • Single-Use Flexible Video Gastroscopes

Gastroscopes Regional Outlook ($ Million, 2015-2033)

• Asia-Pacific
• Europe
• Middle East and Africa
• North America
• South and Central America

Key Inclusions of the market model are –

Currently marketed Gastroscopes market and evolving competitive landscape –

• Insightful review of the key industry trends.
• Annualized total Gastroscopes market revenue by segment and market outlooks from 2015-2033.
• Market-level data on units, average selling prices, and market values.

Global, Regional and Country level market specific insights –

• Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the Gastroscopes market.
• Competitive dynamics insights and trends provided for the Gastroscopes market.

Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.

Companies covered: Ambu Inc, Olympus Corp, Fujifilm Holdings Corp, PENTAX Medical Co, KARL STORZ SE & Co KG, SonoScape Medical Corp, Shanghai Aohua Photoelectricity Endoscope Co Ltd, Medigus Ltd, and Others.

Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.

Scope

This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for

• CMO executives who must have a deep understanding of the gastroscopes marketplace to make strategic planning and investment decisions.
• Sourcing and procurement executives must understand crucial components of the supply base in order to make decisions about supplier selection and management.
• Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

The model will enable you to –

• Understand the impact of COVID-19 on gastroscopes.
• Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving gastroscopes.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the gastroscopes market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
• Track device sales in the global and country-specific gastroscopes market from 2015-2033.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.