Endoscopy Procedures Estimates

Endoscopy Procedures Estimates

The endoscopy procedures estimate the market is expected to register a CAGR of approx. 2% over the period of 2022-2030. The endoscopy procedures estimate market refers to the estimation of the market size and growth potential of various endoscopic procedures. Endoscopy is a medical procedure that allows doctors to view and operate on the internal organs and structures of the body using a long, flexible tube with a light and camera attached to it. The growing demand for endoscopy procedures estimates can be attributed to the rising incidence of chronic diseases, such as gastrointestinal disorders, respiratory diseases, urological conditions, and cancer, which is a major driver for the endoscopy procedures market around the globe. For instance, according to CDC, In the United States in 2020, 1,603,844 new cancer cases were reported and 602,347 people died of cancer. For every 100,000 people, 403 new cancer cases were reported and 144 people died of cancer. Owing to the glaring statistics growth of cancer disease across the globe would contribute to the growth of the market in the forthcoming period as well. Furthermore, the endoscopy procedures estimate the market is anticipated to grow on account of the development of high-definition imaging, minimally invasive techniques, robotic-assisted procedures, and advanced accessories has expanded the application of endoscopy, leading to increased demand for these procedures. Moreover, there is a growing preference for minimally invasive procedures over traditional open surgeries due to their advantages, such as shorter hospital stays, reduced postoperative complications, faster recovery, and improved patient outcomes has led to a growing demand for endoscopy procedure estimates. However, some of the restraints in the market including the high initial costs and lack of skilled professionals y are impeding the growth of this market all over the world.

• Based on the application, the market is bifurcated into gastrointestinal (gi) endoscopy, colonoscopy, laparoscopy, gastroscopy, duodenoscopy, bronchoscopy, cystoscopy, and others. Among them, the gastroscopy segment is expected to grow at a higher CAGR in the market. Physicians advocate gastroscopy for the identification of various frequent symptoms, including indigestion, stomach pain, dysphagia, excessive vomiting, peculiar burping, and so on, which promotes the expansion of this segment. The rising prevalence of digestive and swallowing issues is also hastening the expansion of the gastroscopy market.
• For a better understanding of the market adoption of endoscopy procedures estimates, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. North America, particularly the United States, is a hub for biotechnology and pharmaceutical research. The North American population is facing a growing burden of chronic diseases, such as gastrointestinal disorders, respiratory conditions, and cancer. The rising prevalence of these diseases drives the demand for endoscopy procedures as they play a crucial role in diagnosis, surveillance, and treatment. Moreover, North America is at the forefront of technological advancements in the field of endoscopy. The region witnesses early adoption of new technologies, such as high-definition imaging, advanced endoscopic accessories, and robotic-assisted procedures. The availability and utilization of cutting-edge technologies drive the growth of the market. Furthermore, the endoscopy procedures market in the North American region is the advanced healthcare infrastructure and high healthcare expenditure. For instance, in 2021, Medtronic announced the launch of its Hugo robotic-assisted surgery system in the United States. The system is designed to assist surgeons during minimally invasive procedures, including certain endoscopic procedures, by providing enhanced visualization and control.
• Some of the major players operating in China Resources Phoenix Healthcare Holdings Company Limited, Tenet Healthcare Corporation, Surgical Care Affiliates, AMSURG Corporation, Ramsay Health Care, Apollo Hospitals Enterprise Ltd among others. Several M&A’s along with partnerships have been undertaken.