Market Research Trends

The global esophagoscopes and gastroscopes market is currently worth US$ 1.2 billion and is expected to grow at a 5.4% CAGR. By the end of 2033, the market is expected to generate $2.0 billion in revenue. Esophagoscope and gastroscope sales now account for 8% of the global endoscopes market. The growing preference for minimally invasive procedures will increase demand for laparoscopic instruments like arthroscopes, bronchoscopes, and laparoscopes. Technological Innovations Work in Market’s Favor Medical advancements have increased the use of mechanical instruments for treating and diagnosing esophageal ailments. As the world's geriatric population grows, so does the incidence of esophageal cancer. The use of esophagoscopes for a variety of diagnostic and surgical procedures is assisting market growth. The recent rise in global inflammatory bowel disease cases has shifted market trends. This has increased the demand for devices with broad application for early disease detec...