The global Endoscopy Procedures Estimates Market number is expected to reach 249.5 million procedures by 2030 and is expected to expand at a CAGR of 1.3% over the forecast period, according to a new report by Grand View Research, Inc. Growing prevalence of functional gastrointestinal disorders is one of the major factors for the high adoption of minimally invasive endoscopic procedures. For example, according to the data published by the endoscopy center of the gastroenterology associates of Pensacola, each year, about 62 million Americans are diagnosed with a digestive disorder. Similarly, in 2020, another report published in the Gastroenterology journal stated that over 40% of people in the world have functional gastrointestinal disorders.
Moreover, the increasing prevalence of
gastrointestinal cancers is also expected to accelerate the adoption of
endoscopy procedures all over the globe. Moreover, technological advancements
in endoscopy devices further accelerate the adoption of this procedure to
diagnose and treat several gastrointestinal disorders. The advancement of
endoscopic devices to view intra-abdominal organs using video endoscopy and the
integration of computer software with endoscopic devices also supports the
adoption of endoscopic procedures. In addition, the growing preference for
minimally invasive surgeries owing to lesser post-surgery complications,
shorter hospital stays, and a quick recovery period increases the adoption of
endoscopic surgeries.
Based on application, the gastroscopy segment
dominated the market in 2021. This high share is attributed mainly to the
increasing number of upper gastrointestinal endoscopy procedures performed
across the globe. Gastroscopic surgeries are performed to help physicians
diagnose the stomach, esophagus, and upper intestine. In addition, increasing
recommendations by the physicians to perform gastroscopy to identify
complications, such as gastroesophageal blockage, inflammation, and
gastroesophageal reflux disease, are also expected to be responsible for the
high share of the segment. For example, the data published in the journal
Scientific Reports stated that, globally, over 1.03 billion people suffer from
gastroesophageal reflux disease.
On the other hand, the COVID-19 pandemic had
drastically impacted the adoption of endoscopic procedures in 2020. The reduction
in overall surgery volumes coupled with long-term shutdowns and lockdowns
substantially decreased the number of endoscopic surgeries. Furthermore,
increasing coronavirus infections among health workers also hindered the market
growth in 2020. However, significant growth of minimally invasive endoscopic
surgeries is expected with the situation moving towards normalcy over the
forecast years.
Related Press Release@ Endoscopy Procedures Estimates Market Report
Endoscopy Procedures Estimates
Market Report Highlights
- The global market volume is anticipated to be 249.5 million
procedures by 2030 owing to the growing prevalence of functional
gastrointestinal disorders and increasing adoption of minimally invasive
procedures
- The gastroscopy segment dominated the market in 2021 due to the
increasing usage of advanced automated instruments in cancer treatment and
increasing recommendation by physicians to perform gastroscopy to identify
complications, such as gastroesophageal blockage, inflammation, and
gastroesophageal reflux disease
- Asia Pacific is the dominant region with the highest number of
endoscopy procedures performed with a volume share of 43.1% in 2021
- This is mainly due to the large population and increasing number of
target patient population in this region
- Furthermore, the growing adoption of advanced endoscopic equipment
and increasing demand for minimally invasive surgeries are the other
prominent factors responsible for a higher share of the region
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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