The rising prevalence of gastrointestinal disease and demand for technologically advanced gastroscopes with high image quality are major drivers for the growth of the market. Additionally, product expansion and strategies such as merger & acquisition fuel the growth of the market. The majority of market players are engaged in manufacturing gastroscopes with cutting-edge technology creating growth opportunities in the market.
Diagnosis is a crucial aspect for the success of any treatment. Today, gastroscopy is one of the advance diagnostic solutions. Hence, in a report, published by Market Research Future (MRFR), on the global gastroscopes market, it mentions that the market is expected to attain a lucrative 6.9% CAGR between 2017 and 2023.
Based on the region, the gastroscopes market has been studied across the Americas, Asia-Pacific, Europe, and the Middle East and Africa.
The American gastroscopes market is anticipated to demonstrate an outstanding growth owing to the surge in its adoption as a diagnostic aid for gastro intestinal cancer. Moreover, the growing cases of dysphagia and dyspepsia in the region are also likely to prompt the regional market expansion. As per the National Foundation for Swallowing Disorder report, in 2016, 15 million adults were identified to suffer from dysphagia. Hence, the American gastroscopes market is predicted to hold the largest share during the evaluation period.
The gastroscopes market in Europe is forecasted to hold the second-largest share over the assessment period. As a result of high prevalence of gastrointestinal problems like inflammatory bowel disease, Barrett’s oesophagus, and oesophageal cancer, the European market growth is likely to spur.
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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.
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MRFR profiled prominent market players operating in the gastroscopes market. They are, Cogentix Medical, Boston Scientific Corporation (US), SonoScape Medical Corp. (China), PENTAX MEDICAL (Japan), Fujifilm Holdings Corporation (Japan), KARL STORZ GmbH & Co. KG. (Germany), Endomed Systems, Olympus Corporation (Japan), Perkin Elmer (US), and SOFMEDICA.
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