Esophagoscopes and Gastroscopes Market Analysis and Forecast to 2032: By Type (Rigid, Flexible, Transnasal, Others), Application (Gastroesophageal Reflux Disease, Ulcers, Barerett’s Esophagus, Celiac Disease, Others), End User (Ambulatory Surgical Centers

Esophagoscopes and Gastroscopes Market Analysis and Forecast to 2032: By Type (Rigid, Flexible, Transnasal, Others), Application (Gastroesophageal Reflux Disease, Ulcers, Barerett’s Esophagus, Celiac Disease, Others), End User (Ambulatory Surgical Centers, Hospitals & Clinics, Diagnostic Laboratories), and Region

The global esophagoscopes and gastroscopes market was valued at USD 1643.0 million in 2022 and it is anticipated to grow further till USD 3065.7 million by 2032, at a CAGR of 6.4% during the forecast period.

The medical equipment used for esophagoscopy and gastroscopy procedures are called gastroscopes and esophagoscopes, respectively. Esophagoscopy aids in the early diagnosis of Barrett's oesophagus, cancer cells, and forming ulcers. The gastroscopy procedure, on the other hand, is used to examine gastrointestinal anomalies such dysphagia and gastroesophageal reflux disease. The market offers a variety of gastroscope and esophagoscope varieties, including flexible, rigid, and dual channels. The benefits of esophagoscopes and gastroscopes also include better disease diagnosis, simplicity of insertion and removal, painlessness, minimal risk, accurate visualisation of worrisome lesions, and cost effectiveness. As a result, these endoscopic techniques are used for the first detection of diseases. The control portion, insertion section, and connector section are the three sections of gastroscopes and esophagoscopes, respectively.
Global Esophagoscopes and Gastroscopes Market Scope and Report Structure 
Market Driver and Trends
Some of the key factors projected to propel market expansion over the forecast years are the rise in the frequency of chronic conditions and the growing awareness of early disease identification through minimally invasive surgical methods. Additionally, it is anticipated that favourable reimbursement policies and an increase in the number of endoscopic devices receiving FDA approval would accelerate the market's expansion over time. For instance, the disposable digestive endoscopy system from EndoFresh was given 510(k) clearance by the US Food and Drug Administration in 2021. This equipment was created to lessen the possibility of infection during gastrointestinal procedures.
Market Restraints and Challenges
The COVID-19 pandemic caused a decline in endoscopic procedures, which hindered market expansion in 2020. Many endoscopic facilities have cancelled or delayed elective and semi-urgent treatments due to the risk of cross-contamination and the potential for SARS-CoV-2 transmission, which is preventing the industry from growing at this time. The disruption of the supply chain and the alteration of laws to stop the spread of illness are two other significant reasons that limited market expansion in 2020. For instance, a study on the endoscopy unit of the Cancer Institute of the State of So Paulo (ICESP) reported a 55% decrease in endoscopic procedures during the pandemic in the Clinics (Sao Paulo) journal in 2021.

Global Esophagoscopes and Gastroscopes Market Segmental Overview
The report analyses the global esophagoscopes and gastroscopes market based on the type, application, end user, and region.

Global Esophagoscopes and Gastroscopes Market by Type

Based on the type, it is segmented into rigid, flexible, transnasal, and others. The rigid segment is anticipated to dominate the market during the forecast period. Similarly, the flexible segment is anticipated to witness the fastest growth during the forecast period.

Global Esophagoscopes and Gastroscopes Market by Application

Based on application, it is segmented into gastroesophageal reflux diseases, ulcers, Barrett’s esophagus, celiac disease, and other. The gastroesophageal reflux diseases segment is anticipated to dominate the market during the forecast period. Similarly, ulcers segment is anticipated to witness the fastest growth during the forecast period.

Global Esophagoscopes and Gastroscopes Market by End User

Based on end user, it is segmented into ambulatory surgical centers, hospitals & clinics, and diagnostic laboratories. The ambulatory surgical centers segment is anticipated to dominate the market during the forecast period. Similarly, diagnostic laboratories segment is anticipated to witness the fastest growth during the forecast period.
Geographical Analysis of the Global Esophagoscopes and Gastroscopes Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global Esophagoscopes and Gastroscopes Market
The major players studied in the report are FUJIFILM Corporation, B. Braun Melsungen AG, Olympus Corporation, Smart Medical Systems, KARL STORZ, Medtronic Plc, HOYA GROUP, Aohua Endoscopy Co., Ltd., CONMED Corporation, and Stryker Corporation among others.
COVID-19 Impact
Compared to 2019, the pandemic has caused a drop in the number of endoscopic procedures in 2020. It can be attributed to the healthcare facilities postponing or cancelling elective and semi-urgent endoscopic treatments. Additionally, the scarcity of healthcare workers brought on by the rise in COVID-19 infections, supply chain disruption, and altered laws to control the infection in key places had a significant impact on the growth of the global market in 2020.
Recent Developments

February 2022, Ambu A/S sought clearance for their latest gastroscope variant from FDA.
October 2021, FUJIFILM Healthcare Americas Corporation, a renowned name in the endoscopic imaging industry, announced the launch of its new endoscope - Fujifilm's EI-740D/S, which is a new dual-channel endoscope that is the first dual-channel endoscope to be approved by the USA FDA for upper as well as lower gastrointestinal diagnostics and treatment.
September 2020, PENTAX Medical, a healthcare leader in therapeutic endoscopy, announced the launch of new video gastroscopes. The new line of J10 Series Ultrasound Video Gastroscopes comes with an ergonomic design and enhanced maneuverability as a EUS (endoscopic ultrasound) solution. The new line also has increased linear scope scan and increased frequency capabilities for better performance.

Frequently Asked Questions
Q1. How big is the Esophagoscopes and Gastroscopes market?

Ans. The global Esophagoscopes and Gastroscopes market size was USD 1643.0 million in 2022 and it is anticipated to grow further till USD 3065.7 million by 2032, at a CAGR of 6.4% from 2023 to 2032.

Q2. What is the Esophagoscopes and Gastroscopes market growth rate?

Ans. The growth rate of the Esophagoscopes and Gastroscopes market is 6.4%.

Q3. Which region holds a major market share for the Esophagoscopes and Gastroscopes market?

Ans. North America holds a major market share of the Esophagoscopes and Gastroscopes market in 2022.

Q4. Which segment accounted for the largest Esophagoscopes and Gastroscopes market share?

Ans. By end user, ambulatory surgical centers segment accounted for the largest Esophagoscopes and Gastroscopes market share.

Q5. Who are the key players in the Esophagoscopes and Gastroscopes market?

Ans. The global Esophagoscopes and Gastroscopes market report includes players such as FUJIFILM Corporation, B. Braun Melsungen AG, Olympus Corporation, Smart Medical Systems, KARL STORZ, Medtronic Plc, HOYA GROUP, Aohua Endoscopy Co., Ltd., CONMED Corporation, and Stryker Corporation among others.

Q6. What are the factors driving the Esophagoscopes and Gastroscopes market growth?

Ans. The major factors driving the growth of the market are the growing market in emerging countries.

Q7. What are the key growth strategies of Esophagoscopes and Gastroscopes market players?

Ans. The key growth strategies of Esophagoscopes and Gastroscopes market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Esophagoscopes and Gastroscopes market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Esophagoscopes and Gastroscopes market during the forecast period.



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