The analysts forecast global gastroscopes market to grow at a CAGR of 5.81 % during the period 2018-2022. The latest trend gaining momentum in the market is increasing growth opportunities in emerging markets.
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Due to the increasing population of undiagnosed and untreated people with GI disorders in emerging countries, vendors are extensively focusing on expanding their business in these markets to generate substantial revenue and increase their presence.
For instance, the incidence and prevalence of chronic GI disorders in Asia, particularly in China and India, have been increasing over the past few years. Scientists have identified ulcerative colitis as one of the most common GI diseases affecting individuals in emerging countries such as China and India.
Although several drugs are available in the market to treat such disorders, flexible gastroscopes play a vital role in early and accurate diagnosis. There has been growing awareness among the key vendors regarding the use of advance
Major key players in the global gastroscopes market: Endomed Systems, FUJIFILM, HOYA, HUGER Medical Instrument, KARL STORZ, and Olympus .
According to the gastroscopes market report, one of the major drivers for this market is Wide prevalence of GI disorders. The global gastroscopes market is driven by the increased number of patients with GI diseases.
The growing incidence of diseases such as esophageal or pancreatic cancers, biliary diseases, IBD, GERD, and Barrett's syndrome is expected to drive the growth of the global gastroscopes market. Also, changes in lifestyle such as unhealthy diet and physical inactivity have resulted in several complications like elevated blood pressure, blood glucose, cholesterol, and obesity in recent years.
In the past few years, there has been a rise in morbidity and mortality rates due to chronic diseases such as esophageal cancer and critical GI disorders.
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Further, the gastroscopes market report states that one of the major factors hindering the growth of this market is Complications and maintenance issues associated with gastroscopes. Endoscopy is usually a safe procedure, which is used widely for treating upper GI disorders.
However, the procedure involves risks and complications, which include perforation of organs (stomach or esophagus lining), bleeding, and infections. The treatment of perforation involves surgery.
However, certain cases may be treated with intravenous therapy or antibiotics. Bleeding may occur during polyp removal or biopsies.
Sometimes, minor bleeding may stop on its own or by cauterization. The risk of bleeding after an endoscopic procedure is increased if the procedure involves biopsy or the treatment of a digestive system disorder
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Few Points from List of Exhibits:
Exhibit 1: Parent Market: Global Endoscopy Devices Market
Exhibit 2: Segmentation of Global Endoscopy Devices Market
Exhibit 3: Market Characteristics
Exhibit 4: Global Gastroscopes Market: Market Segments
Exhibit 5: Market Definition: Inclusions and Exclusions Checklist
Exhibit 6: Global Gastroscopes Market: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Gastroscopes Market 2017-2022 ($ Millions)
Exhibit 9: Global Gastroscopes Market: Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Global Gastroscopes Market: New Product Launches/Approvals
Exhibit 11: Five Forces Analysis 2017
Exhibit 12: Five Forces Analysis 2022
Exhibit 13: Bargaining Power of Buyers
Exhibit 14: Bargaining Power of Suppliers
Exhibit 15: Threat of New Entrants
Exhibit 16: Threat of Substitutes
Exhibit 17: Threat of Rivalry
Exhibit 18: Market Condition: Five Forces 2017
Exhibit 19: Global Gastroscopes Market: Segmentation by Product 2017 and 2022 ($ Millions)
Exhibit 20: Global Gastroscopes Market: Segmentation by Product 2017 and 2022 (% Share)