Global Gastrointestinal Endoscopy Market

Report ID : 1361 | Published : 2022-09-16 | Pages: 180 | Format: PDF/EXCEL

The Global Gastrointestinal Endoscopy Market size was valued at US$ 14.09 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. A gastrointestinal endoscopy, also known as gastroscopy or digestive endoscopy, is a diagnostic and therapeutic procedure for illnesses of the upper digestive tract. The oesophagus, stomach, and duodenum form the upper digestive system (the first part of the small intestine). The endoscope device is introduced through the mouth, and the acquired images are presented on the monitor in real-time and/or recorded as the endoscope moves through the body. Endoscopy is occasionally performed with other procedures, such as an ultrasound. Attaching an ultrasound probe to the endoscope creates images of the oesophagus or stomach wall. Endoscopic ultrasound can also be used to create images of inaccessible organs, such as the pancreatic. Newer endoscopes utilise high-definition video to provide images with greater clarity. Numerous endoscopes employ a narrow band imaging technology that uses specialised light to improve the detection of precancerous diseases like Barrett's oesophagus. Modern endoscopy has shown to be immensely valuable in many fields of medicine because it entails relatively few risks, produces detailed images, and is rapid to do.

The gastrointestinal endoscopy market will be driven by factors such as an increasing need for endoscopy, the progress of new technologies, an increase in investments and funding, an increasing number of cases of gastrGlobal Gastrointestinal Endoscopy Market ointestinal illnesses, and increasing demand for procedures that are minimally invasive. Also, new device approvals will play an essential role in developing gastrointestinal endoscopy. In Feb 2022, Ambu announced that the FDA had approved their Ambu® aScopeTM Gastro and Ambu® aBoxTM 2 Single-Use Gastroscope and Next-Generation Display Unit. Ambu's solution addresses the current drawbacks of reusable endoscopes with advanced technology, portability, and cost-effectiveness, making it a suitable alternative for customers looking to perform gastroscopies in a variety of care settings (including endoscopy unit, OR, ICU, ER, ASC).

However, the high cost of endoscopic operations, adverse healthcare development, and limited reimbursement will hinder the growth of the market for gastrointestinal endoscopy. However, the expanding healthcare market in emerging nations and the development of gastrointestinal endoscopic devices will create several growth prospects for the gastrointestinal endoscopy market throughout the forecasting period.

The Gastrointestinal Endoscopy Market is segmented into two major segments Types and End-User. By type, the market is widely classified. First is Gastrointestinal Endotherapy, which includes ERCP Devices, Gastrointestinal Stents, Balloon Dilators, Ultrasound Endoscopes, Biopsy Devices, Hemostasis Devices, Retrieval Devices, and Others. The gastrointestinal Stents category is subdivided into Esophageal Stents, Biliary Stents, and Pancreatic Stents. In comparison, the Biopsy Devices category is again divided into Biopsy Forceps, Polypectomy Snares, and Other Biopsy Devices. The second is Gastrointestinal Endoscopes and Endoscopic Systems, which contains three sub-divisions: Gastrointestinal Videoscopes, Visualization Systems, and Capsule Endoscopes. The sub-division Gastrointestinal Videoscopes comprises Gastroscopes, Colonoscopes, Duodenoscopes, Sigmoidoscopes, Enteroscopes and Anoscopes. The second significant segment, the End-User segment, includes, Hospitals, Ambulatory Surgery Centers, and Others.

In 2021, North America dominated the market. The introduction of new endoscopic devices will fuel market growth in North America. In addition, the increased prevalence of gastrointestinal illnesses, cancer, and other chronic conditions, as well as the rising desire for minimally invasive procedures, will increase North America's global market share.

The Gastrointestinal Endoscopy Market players are Boston Scientific Corporation, Medtronic plc, KARL STORZ SE & Co. KG, Ambu A/S, Teleflex Incorporated, HOYA Corporation, Olympus Corporation, FUJIFILM Holdings Corporation, Cook Group Inc, SonoScape Medical Corp., EndoMed Systems GmbH, CapsoVision, Inc., HuiZhou Xzing Technology Co., Ltd., Endogene Ltd., Envaste Limited and other prominent players of the market.

  • Boston Scientific Corporation
  • Medtronic plc
  • KARL STORZ SE & Co. KG
  • Ambu A/S
  • Teleflex Incorporated
  • HOYA Corporation
  • Olympus Corporation
  • FUJIFILM Holdings Corporation
  • Cook Group Inc
  • SonoScape Medical Corp.
  • EndoMed Systems GmbH
  • CapsoVision, Inc.
  • HuiZhou Xzing Technology Co., Ltd.
  • Endogene Ltd.
  • Envaste Limited

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Gastrointestinal Endoscopy Market Snapshot

Chapter 4. Global Gastrointestinal Endoscopy Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis

5.1. By Type & Market Share, 2019 & 2030

5.2. Market Size Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Type:

5.2.1. Gastrointestinal Endotherapy

5.2.1.1. ERCP Devices

5.2.1.2. Gastrointestinal Stents

5.2.1.2.1. Esophageal Stents

5.2.1.2.2. Biliary Stents

5.2.1.2.3. Pancreatic Stents

5.2.1.3. Balloon Dilators

5.2.1.4. Ultrasound Endoscopes

5.2.1.5. Biopsy Devices

5.2.1.5.1. Biopsy Forceps

5.2.1.5.2. Polypectomy Snares

5.2.1.5.3. Other Biopsy Devices

5.2.2. Hemostasis Devices

5.2.3. Retrieval Devices

5.2.4. Others

5.2.5. Gastrointestinal Endoscopes and Endoscopic Systems

5.2.5.1. Gastrointestinal Videoscopes

5.2.5.1.1. Gastroscopes

5.2.5.1.2. Colonoscopes

5.2.5.1.3. Duodenoscopes

5.2.5.1.4. Sigmoidoscopes

5.2.5.1.5. Enteroscopes

5.2.5.1.6. Anoscopes

5.2.6. Visualization Systems

5.2.7. Capsule Endoscopes

Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis

6.1. by End-users & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End-users:

6.2.1. Hospitals

6.2.2. Ambulatory Care Centers

6.2.3. Others

Chapter 7. Gastrointestinal Endoscopy Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Gastrointestinal Endoscopy Market Revenue (US$ Million) and volume (No. of Units) Estimates and Forecasts by Type, 2019-2030

7.1.2. North America Gastrointestinal Endoscopy Market Revenue (US$ Million) and volume (No. of Units) Estimates and Forecasts by End-users, 2019-2030

7.1.3. North America Gastrointestinal Endoscopy Market Revenue (US$ Million) and volume (No. of Units) Estimates and Forecasts by country, 2019-2030

7.2. Europe

7.2.1. Europe Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by Type, 2019-2030

7.2.2. Europe Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by End-users, 2019-2030

7.2.3. Europe Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by country, 2019-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by Type, 2019-2030

7.3.2. Asia Pacific Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by End-users, 2019-2030

7.3.3. Asia Pacific Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by country, 2019-2030

7.4. Latin America

7.4.1. Latin America Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by Type, 2019-2030

7.4.2. Latin America Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by End-users, 2019-2030

7.4.3. Latin America Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by country, 2019-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by Type, 2019-2030

7.5.2. Middle East & Africa Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by End-users, 2019-2030

7.5.3. Middle East & Africa Gastrointestinal Endoscopy Market revenue (US$ Million) and volume (No. of Units) by country, 2019-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles 

8.2.1. Boston Scientific Corporation

8.2.2. Medtronic plc

8.2.3. KARL STORZ SE & Co. KG

8.2.4. Ambu A/S

8.2.5. Teleflex Incorporated

8.2.6. HOYA Corporation

8.2.7. Olympus Corporation

8.2.8. FUJIFILM Holdings Corporation

8.2.9. Cook Group Inc

8.2.10. SonoScape Medical Corp.

8.2.11. EndoMed Systems GmbH

8.2.12. CapsoVision, Inc.

8.2.13. HuiZhou Xzing Technology Co., Ltd.

8.2.14. Endogene Ltd.

8.2.15. Envaste Limited

8.2.16. Other Prominent Players

Market Segmentation

Global Gastrointestinal Endoscopy Market, by Type, 2022-2030 Value (US$ Mn) and Volume (No. of Units)

  1. Gastrointestinal Endotherapy
  • ERCP Devices
  • Gastrointestinal Stents
    • Esophageal Stents
    • Biliary Stents
    • Pancreatic Stents
  • Balloon Dilators
  • Ultrasound Endoscopes
  • Biopsy Devices
    • Biopsy Forceps
    • Polypectomy Snares
    • Other Biopsy Devices
  • Hemostasis Devices
  • Retrieval Devices
  • Others
  1. Gastrointestinal Endoscopes and Endoscopic Systems
  • Gastrointestinal Videoscopes
    • Gastroscopes
    • Colonoscopes
    • Duodenoscopes
    • Sigmoidoscopes
    • Enteroscopes
    • Anoscopes
  • Visualization Systems
  • Capsule Endoscopes

 Global Gastrointestinal Endoscopy Market, by End-User, 2022-2030 (US$ Mn) and Volume (No. of Units)

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

 

Global Gastrointestinal Endoscopy Market, by Region, 2022-2030 (US$ Mn) and Volume (No. of Units)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Gastrointestinal Endoscopy Market, by Country, 2022-2030 (US$ Mn) and Volume (No. of Units)

  • U.S.
  • Canada

Europe Gastrointestinal Endoscopy Market, by Country, 2022-2030 (US$ Mn) and Volume (No. of Units)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Gastrointestinal Endoscopy Market, by Country, 2022-2030 (US$ Mn) and Volume (No. of Units)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Gastrointestinal Endoscopy Market, by Country, 2022-2030 (US$ Mn) and Volume (No. of Units)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Gastrointestinal Endoscopy Market, by Country, 2022-2030 (US$ Mn) and Volume (No. of Units)

  • GCC Countries
  • South Africa

Rest of Middle East & Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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