As per the latest industry analysis by Future Market Insights, the global single-use gastroscopes market is expected to witness remarkable growth in the coming years. Valued at USD 188.9 million in 2023, the market is projected to expand at a robust compound annual growth rate (CAGR) of 15.6%, reaching an estimated USD 807.8 million by 2033.
Gastroscopes, essential medical devices used to examine the digestive tract, specifically the esophagus, stomach, and duodenum, have become increasingly vital in diagnosing and treating gastrointestinal issues. These instruments are used during esophagogastroduodenoscopy (EGD) procedures, which involve inserting a flexible tube with a camera and light source through the mouth to visualize the inside of the digestive tract. The growing demand for diagnostic precision and advancements in endoscopic technologies have significantly contributed to the rise in popularity of gastroscopy procedures.
The shift toward single-use disposable gastroscopes has gained momentum due to their numerous advantages. Disposable models eliminate the risk of cross-contamination and reduce the need for costly and time-consuming sterilization processes. These devices are also highly cost-effective and convenient for healthcare providers. In particular, lightweight, portable, and easy-to-use single-use gastroscopes like the “SlimView Gastrocam” are revolutionizing the industry, offering enhanced comfort and efficiency for both patients and healthcare professionals.
The market’s expansion is further fueled by increasing investments in research and development, with manufacturers continuously innovating to create more efficient and patient-friendly gastroscope technologies. Notable advancements include the approval of the new EVIS X1 endoscopy system by Olympus Corporation in May 2023. This system is compatible with two gastrointestinal endoscopes—the GIF-1100 gastrointestinal videoscope, specifically designed for use in the upper digestive tract.
Rising incidences of gastrointestinal disorders, coupled with an aging global population, are expected to drive sustained demand for single-use gastroscopes in the coming years. As the healthcare sector continues to prioritize patient safety, hygiene, and operational efficiency, single-use gastroscopes are positioned to play a crucial role in shaping the future of gastrointestinal care.
With ongoing technological innovations and a growing emphasis on ease of use, the global single-use gastroscopes market is set to experience significant growth, offering improved diagnostic options and enhanced patient outcomes for years to come.
Key Takeaways from Market Study:
- GERD is the leading segment as application among patients and professionals, and held about 5% market share in 2022, gastroscopes allow doctors to directly visualize the inside of the esophagus and stomach, and to take biopsies or remove small tissue samples for further testing.
- By end user, the hospitals dominated the global single-use gastroscopes market withholding the total market share of about 4% by the end of 2022, owing to the convenience and ease of accessibility to new technological advanced applications.
- By region, North America is leading in the global single-use gastroscopes market with U.S. contributing around 5% value share to the regional market in 2022
“Increasing adoption of single-use gastroscopes and growing awareness and diagnosis of the gastrointestinal diseases to create lucrative potential for the market to grow” says an analyst of Future Market Insights.
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Market Competition:
Major players in the single-use gastroscope market use partnerships, acquisitions, mergers, and other corporate growth strategies to expand their businesses. The focus of major players is on tactics like increasing sales and applying new technologies for the development of novel products.
- In January 2022, Two of PENTAX Medical’s most recent inventions, the i20c video endoscope series and PENTAX Medical INSPIRA, have received CE certification. The new video processor, which was created with the needs of healthcare providers in mind, retains compatibility with current endoscope models from PENTAX Medical while also setting new benchmarks when used with the i20c video endoscope generation.
- In April 2023, Boston Scientific acquired Apollo Endo-surgery. Apollo is involved in designing, development, and marketing of next-generation, less invasive medical devices. This acquisition will enhance Boston’s gastrointestinal therapeutic endoscopy and endobariatrics portfolio.
Key Companies Profiled:
- Ambu A/S
- Boston Scientific Corporation
- Fujifilm Holdings Corporation
- HOYA Corporation
- Olympus Corporation
- Pentax Medical
- KARL STORZ SE & Co. KG
- Medtronic
- Cook Medical
- Richard Wolf GmbH
- OBP Medical Corporation
- Hill Rom Holdings
- Parburch Medical
- Flexicare Medical Ltd.
- AirStrip Technologies
Key Segments Covered in Single-use Gastroscopes Industry Research:
By Application:
- GERD
- Chronic Gastritis
- Gastric Ulcers
- Barrett’s Esophagus
- Others
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Diagnostic Centers
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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