Gastroscopes Market

Gastroscopes Market by Type (Standard, Therapeutic, Dual Channel, Transnasal), Application (Gastric Ulcers, Chronic Gastritis, Normal Mucosa), End User (Hospitals, Clinics, Diagnostic Laboratories, Ambulatory Surgical Centers) - Global Forecast to 2023.

Report Code: UC 1999 Apr, 2023, by marketsandmarkets.com

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The Global Gastroscopes market is expected to reach USD 2.57 billion by 2023 from USD 1.51 billion in 2018, growing at a CAGR of 11.2 % from 2018 to 2023. Growing occurrences of gastric disorders like ulcers and improvements in the gastroscope technology and equipments are expected to drive the growth of the market during the forecast period. The high cost of the product and the subsequent risk of infections upon its use may restrain the growth of the market.

North America dominates the gastroscopy market with the U.S. accounting for a major market share. Increasing demand for gastroscopes for its use in examination of ulcers and biopsy. The Asian market is poised to grow at the highest CAGR during the forecast period owing to increasing incidences of gastrointestinal diseases and focus of top players on expanding in this regional market.

Prominent players in the Gastroscopes market are OLYMPUS CORPORATION (Japan), FUJIFILM HOLDINGS CORPORATION (Japan), HOYA CORPORATION (PENTAX MEDICAL), BOSTON SCIENTIFIC CORPORATION (US), KARL STORZ GMBH & CO(Germany), PERKIN ELMER (US), SONOSCAPE MEDICAL CORP (China), RICHARD WOLF GMBH (Germany), ENDOMED SYSTEMS GMBH (Germany) and HUGER MEDICAL INSTRUMENT (China).