Gastrointestinal Endoscopic Devices Market To Cross US$ 8.5 Billion By 2021

03-Jan-2020 | Zion Market Research

The global gastrointestinal endoscopic devices market, with the manifestation of a huge pool of active contributors, is witnessing an extremely competitive business landscape, as per the latest report by Zion Market Research. Few of the key players in the gastrointestinal endoscopic devices market include Conmed Corporation, Stryker Corporation, Boston Scientific Corporation, Fujinon Ltd, and Covidien Ltd. These participants in the gastrointestinal endoscopic devices market are concentrating robustly on innovation along with incorporating cutting-edge technologies in their prevailing solutions. Also, in the years to come, they are anticipated to go for mergers & acquisitions and partnerships as their primary growth tactic across the gastrointestinal endoscopic devices market.

In June 2017, for example, Fujinon, a new AquaShield® system CO2, was introduced by a prominent player US Endoscopy in the endoscopy equipment design and manufacturing industry. This was an inclusion to its prevailing AquaShield water bottle system portfolio. As mentioned by resources, the innovative product is utilized together with CO2 to supply the endoscope with sterilized water while carrying out gastrointestinal procedures. The planned step is projected to stimulate other industry players to do the same, thus resulting to rise in the gastrointestinal endoscopic devices market growth.

This review is based on a report by Zion Market Research, titled "Gastrointestinal Endoscopic Devices Market (Hemostatis Devices, Biopsy Devices, Endoscopic Retrograde Cholangiopancreatography Devices (ERCP), Capsule Endoscopes, GI Videoscopes, and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021"- Report at https://www.zionmarketresearch.com/report/gastrointestinal-endoscopic-devices-market

In 2015, the global gastrointestinal endoscopic devices market was valued at US$ 5.6 Billion. Observing an incredible increase during the 2015—2021, the earnings of the gastrointestinal endoscopic devices market are projected to attain US$ 8.5 Billion by the forecast period’s end. The key products accessible in gastrointestinal endoscopic devices market are GI videoscopes, hemostatis devices, biopsy devices, retrograde cholangiopancreatography devices, and capsule endoscopes. Among them, the requirement for GI Videoscopes is comparatively greater and the trend is predicted to continue so over the coming period, as per the analysis.

Increasing Elderly Population And Rising Fast Food Intake To Drive Growth Of Market

As per the report, the changing lifestyles, increasing consumption of junk food, and lack of physical activities casing a number of gastrointestinal disorders is estimated to spur the gastrointestinal endoscopic devices market growth over the forecast period. Additionally, rise in the number of people suffering from colon & rectum cancer and rise in the elderly population base impacted owing to gastrointestinal disorders is expected to drive the expansion of the gastrointestinal endoscopic devices market. Concerns regarding hospital-acquired infections due to endoscopic devices, disapproving compensation rules, and low government spending in GI devices production are projected to hamper the growth of the gastrointestinal endoscopic devices market growth in the forecast period.

North America To Stay Dominant Owing To Huge Healthcare Investments

Regionally, the global gastrointestinal endoscopic devices market is being governed by North America and is expected to continue governing the market in the coming period, as per the report. North America, for the record, added more than 30% share of global gastrointestinal endoscopic devices market in 2015. The progress of this region can be attributed to the increasing healthcare funding, intensifying patient cognizance related to early disease diagnosis, and technological innovations.

This report segments the global gastrointestinal endoscopic devices market as follows:

Global Gastrointestinal Endoscopic Devices Market: Product Segment Analysis

  • Hemostatis Devices
  • Biopsy Devices

Endoscopic Retrograde Cholangiopancreatography Devices (ERCP)

  • Capsule Endoscopes
  • GI Videoscopes
  • Others

Global Gastrointestinal Endoscopic Devices Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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