Gastroscopy Devices Market:
Drivers and Restraints
The global gastrointestinal
endoscopy devices market is expected to be fueled by advancements in endoscopy
technology. Key drivers of the Gastroscopy
Devices Market are increasing cases of esophageal cancer and polyps,
growing ageing population, family history of cancer, and changing lifestyle.
Increasing government initiatives to diagnose and treat early stage cancers are
also expected to fuel gastrointestinal endoscopy devices market. For instance,
in 2014, The European Society of Gastrointestinal Endoscopy (ESGE) and United
European Gastroenterology (UEG) created a community of endoscopy services
across Europe, collaborating with each other to provide high quality, safe,
accurate, patient-centered and accessible endoscopic care. The lack of
awareness, dearth of experienced professionals, lack of reimbursement policies,
and increasing cases associated with bio-dirt is expected to hinder growth of
the market.
Gastroscopy Devices Market
Gastroscopy is a type of
endoscopy performed for diagnosis of diseases pertaining to esophagus, stomach,
and upper part of small intestine. It is also called upper gastrointestinal
endoscopy. It is one of the most important discoveries in the field of medical
science. Esophagoscope was also a type of endoscopy that was used for diagnosis
and treatment procedures of esophagus. Gastroscopy has replaced esophagoscopes
completely. The only difference between esophagoscope and gastroscope is the
length of gastroscope that is longer than esophagoscopes. Gastroscopy can also
be performed to detect cancers. This procedure is recommended to diagnose
problems related to the esophagus or stomach. The device has a light and a
camera at the end of the probe that is used to see the esophagus, upper
intestine and stomach clearly. It is also used to investigate problems related
to swallowing, ulcers, and blockage in esophagus. This procedure allows
practitioners to study the mucous membrane of the stomach. Gastroscopy are
broadly classified into two types namely diagnostic gastroscopy used to
diagnose or confirm diagnosis and treatment gastroscopy for therapeutic
purposes. Esophagus cancer is the
eighth-most common cancer in the world. As per the report of World Cancer
Research Fund International, there were around 456,000 new esophagus cancer
cases diagnosed in 2012. Gastroscopy is considered as the most preferred option
for screening of esophagus cancer and polyps by most gastroenterologists and
thus, the gastrointestinal endoscopy devices market is projected to witness
significant traction in the foreseeable future.
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High Incidence of Esophageal
Cancer Fueling Gastroscopy Devices Market Growth
Esophageal cancer is of two types
namely, adenocarcinoma and squamous cell carcinoma. Esophageal cancer can occur
due to various reasons such as gene type that includes gene mutations or damage
involved in cell divisions. As per results of an independent study, overweight
and obesity increases the risk of esophageal cancer by 48% per 5 BMI units.
Polyp detection rate of esophagus and stomach depend upon the proportion of
mucosal surface diagnosed and correlates to time dedicated for diagnosis.
Gastroscopes consist of a flexible tube with a high definition camera at the
end of the probe. The quality of camera defines the quality of diagnosis. The
long length of device is used to examine the complete length of the esophagus.
Gastroscopy Devices Market:
Overview
Technological advancements in
gastroscopy technique are expected to drive growth of the market for
gastroscopy device, as these significantly improve detection rate as compared
to other conventional procedures. Practitioners prefer using flexible gastroscope
over non-flexible gastroscopes due to high quality, less breakage problems and
high illumination for better imaging provided by the former. Increasing
awareness among practitioners of using the advanced gastroscopy over white
light traditional gastroscopy is showing a significant growth towards flexible
video gastroscopy. Increasing cases of biodirt provides opportunity to
gastroscopy manufacturers to introduce products with innovative features to
avoid such cases of infections. Hospital end user segment is expected to remain
dominant in the market over the foreseeable future.
Key players operating the
gastroscopy devices market include Olympus, Karl Storz, Sono Scape, Endomed,
Medigus, Fujifilm Holdings Corporation, and Huger.
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Key Developments
Major companies in the market are
involved in different business strategies such as business expansion, in order
to gain competitive edge in the market. For instance, in November 2018,
SonoScope Medical Corporation, a China-based endoscopy equipment manufacturer,
launched its corporate brand at ISGCON 2018, the 59th Annual Conference of the
Indian Society of Gastronomy held at Kerala, India. This expansion will help
the company to grow its business in India.
Major companies in the market are
involved in different business strategies such as collaboration, agreement, and
partnership, in order to enhance their market presence. For instance, in August
2018, Medigus, Ltd., an Israel-based medical device company, entered into an
exclusive distribution agreement with Micro-Tech Endoscopy for Medigus’
‘Medigus Ultrasonic Surgical Endoplaster (MUSE)’ system, which is used for the
treatment of heartburn.
Key players in the market are
involved in different business strategies such as merger and acquisition, in
order to enhance their market presence. For instance, in May 2019, Fujifilm
Corporation acquired medwork GmBH, a Germany-based manufacturer of instruments
for therapeutic and diagnostic endoscopy.
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