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. Majority of market players are engaged in the manufacturing gastroscopes with a cutting edge technology creating growth opportunities in the market.
Gastroscopes are used for the examination of various problems of stomach, esophagus and small intestine. Major indications 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 for the confirmation of 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 factors hindering the market growth are risk of infection and high cost of gastroscopes.
The global gastroscopes market is expected to grow at a CAGR of 6.9% during the forecast period.
Taste the market data and market information presented through more than 90 market data tables and figures spread over 128 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Gastroscopes market research report–Global forecast till 2023.”
Major Players in Gastroscopes Market:
Some of the key players in the global market are Boston Scientific Corporation (U.S.), Endomed Systems (Germany), FUJIFILM Holdings Corporation (Japan), PENTAX Medical (Japan), KARL STORZ GmbH & Co. KG (Germany), Olympus Corporation (Japan), PerkinElmer Inc. (U.S.), Richard Wolf GmBH (Germany), SonoScape Medical Corp. (China), Stryker (U.S.), and others.