Gastrointestinal Endoscopic Devices Market was estimated at $13.7 billion in 2021 and is anticipated to increase at a CAGR of 5% by 2026

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Gastrointestinal Endoscopic Devices Market 2021
Globally Size, Regional Analysis, Share, Business
Growth and Forecast to 2026
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Disorders of the digestive system known as
Gastrointestinal (GI) diseases that involve a
variety of vital digestive organs such as mouth,
esophagus, stomach, small and large bowels,
rectum, anus, and GI connected organs (liver,
gallbladder, and pancreas). Medical devices such
as endoscopes, laparoscopes/surgical endoscopes,
endotherapy devices, and laparoscopic devices
play an important role in the early accurate
diagnosis and treatment of potentially
life-threatening GI diseases, which in turn opens
up growth avenues for GI MedTech
device manufacturers. The Global
Gastrointestinal MedTech Devices Market was
valued at 13.7 billion in 2021 and is set to
witness a growth rate of 5 in the next 5 years.
Some of the key factors driving the global
gastrointestinal endoscopic devices market
include growing number of GI procedures,
increasing preference for minimally invasive
surgeries, rising acceptance of single-use
devices to prevent patient cross-contamination
and ensure patient safety, increasing cases of
colorectal cancer and screening mandates in most
healthcare systems, rising hospital investments
in endoscopy facilities, and benefits of
endoscopic procedures. The Recovery of
Gastrointestinal Endoscopic Devices Market Post
Covid-19 Covid-19 had a detrimental effect on
health services globally and the GI MedTech
industry was no different.
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Covid-19 has a direct impact on a number of
specialties, including gastroenterology. The
pandemic adversely impacted the workflow and
safety of endoscopists, ancillary staff, and
patients. Lacks of personal protective equipment
(PPE), curtailed patient volume, dearth of
testing kits, workforce furloughs, and lockdowns
forced units to drastically reduce the volume of
the procedures, postpone and even cancel GI
procedures in medium- to low-risk cases. The dip
in the number of GI procedures resulted in the
decline of Gastrointestinal Endoscopic Devices
market revenues. Though, since 2021, the
Gastrointestinal Endoscopic Devices is on the
recovery path. The market has been driven by the
strong performance of GI MedTech companies in
Japan, Europe, and North America, increased sales
of gastroscopes and colonoscopes, the launch of
innovative products, strong performance of the GI
MedTech device manufacturers in North America,
improving Covid-19 coverage globally and
increasing number of GI procedures. A price
erosion in Gastrointestinal Endoscopic Devices is
expected due to consolidation of group purchasing
organizations (GPOs) in different markets and
demand of discounts by cash-strapped hospitals in
high volume purchases especially due to Covid-19
pandemic. - Senior Director, Leading Endoscope
Manufacturer, United States Explore Premium
Report on Gastrointestinal Endoscopic Devices
Market _at_ https//meditechinsights.com/gastrointest
inal-endoscopic-devices-market/ The
Gastrointestinal MedTech Devices Market is being
driven by Technological Advancements The
Gastrointestinal Endoscopic Devices market is a
technology-driven market and is characterised by
constant product enhancements/innovations.
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• For instance,
• In May, 2022, Fujifilm showcased its new
  endoscopy innovations for the detection,
  diagnosis, and treatment of diseases at Digestive
  Disease Week (May 21-24), 2022. The firm
  showcased its entire portfolio of endoscopic
  imaging solutions for core gastrointestinal (GI),
  therapeutic, interventional, and third space
  endoscopy including ELUXEO VISION, G-EYE 700
  Series Colonoscopes, El-740D/S Dual-Channel
  Endoscope, TRACMOTION Fujifilms new device for
  endoscopic submucosal dissection (ESD)
• Single-use gastroscopes counter concerns related
  to the long waiting lists and staff shortages.
  Ease of setup and elimination of reprocessing are
  other advantages offered by the system which is
  expected to drive its adoption.- Professor,
  Leading Hospital, United States
• United States Expected to Continue to Hold a
  Major Share in the Gastrointestinal Endoscopic
  Devices Market
• At the moment, the Global Gastrointestinal
  Endoscopic Devices Market is dominated by the
  United States. It is expected to continue to hold
  a major share in the coming years due to the
  rising number of endoscopic examinations,
  increasing aging population, favourable
  reimbursement climate for endoscopy procedures,
  growth in minimally invasive endoscopic therapy
  procedures, rising concerns over cleaning,
  disinfection sterilization, and higher quality
  expectations.
• Organic and Inorganic Growth Strategies Adopted
  by Players to Establish Their Foothold
• The Global Gastrointestinal Endoscopic Devices
  Market is noticeable by the presence of both
  established and new players. Players operating in
  the Gastrointestinal MedTech Devices market adopt
  both organic and inorganic growth strategies such
  as new product launches, and partnerships to
  garner market share.

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• For instance,
• In February 2022 Motus GI, received FDA Clearance
  to market the Pure-Vu EVS System. The new
  Pure-Vu EVS System improves the speed of set-up,
  enhances navigation capabilities in tortuous
  anatomy, builds upon the excellent cleansing
  capabilities of the Pure-Vu system and enables
  physicians to rapidly overcome the challenges of
  poorly prepared colons during a colonoscopy
• The increasing cases of GI disorders
  requirements for endoscopes, laparoscopes/surgical
  endoscopes, endotherapy devices, and
  laparoscopic devices to diagnose and treat GI
  disorders are expected to drive the growth of the
  Gastrointestinal Endoscopic Devices Market over
  the upcoming years
• Competitive Landscape Analysis of
  Gastrointestinal Endoscopic Devices Market
• The global gastrointestinal endoscopic devices
  market is marked by the presence of players such
  as Olympus, Boston Scientific, Pentax (Hoya),
  Fujifilm, Cook Medical, Karl Storz, Ethicon,
  Medtronic, Stryker, Medi-Globe, Ambu, Arthrex,
  Richard Wolf, ERBE, Micro-Tech, among others.
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  _at_ https//meditechinsights.com/contact-us/
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