Gastroscopes Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

In 2025 the market for gastroscopes is expected to reach $3.1 billion. This is expected to reach $5.7 billion by 2034, at a CAGR of 7.2%. This growth is based on the high demand for diagnostic and therapeutic gastroenterology procedures, due to an increasing prevalence of gastrointestinal diseases and an aging population that needs to be screened and monitored. Also driving the market is the technological development of endoscopes, such as the development of high-definition imaging and the development of minimally invasive techniques that enhance the patient’s outcome and reduce the time to recovery. Furthermore, the increasing use of outpatient procedures and the introduction of artificial intelligence in endoscopy are expected to change the market landscape. The leading companies in the market, such as Olympus, Pentax Medical, and Medtronic, are investing in strategic initiatives, such as product launches and collaborations, to maintain their competitive advantage and increase their market share. These new products, with enhanced visualization and improved handling, are expected to take a larger share of the market, as they respond to the changing needs of health care professionals and patients.

Regional Market Size

Regional Deep Dive

Gastroscopes Market is registering significant growth across the globe, owing to the rising prevalence of gastrointestinal disorders, technological advancements, and rising awareness about early diagnosis. In each region, the market is influenced by the availability of health care services, regulatory framework, and the cultural attitude towards medical procedures. The demand for gastroscopes is expected to rise, with the growing trend of embracing minimally invasive procedures.

Europe

• In Europe the emphasis is on patient safety and the quality of care, leading to the adoption of high-definition gastroscopes and ultra-thin gastroscopes. Leading players such as Karl Storz and Fujifilm are at the forefront of this trend and offer a wide range of products to meet the needs of health care professionals.
• The Medical Devices Regulation (MDR) has introduced stricter guidelines for medical devices and has obliged manufacturers to improve their product offerings. In this regulatory framework, it is expected that only the safest and most effective gastroscopes will be put on the market.

Asia Pacific

• The market for gastroscopes is growing rapidly in the Asia-Pacific region, driven by increasing health expenditure and an aging population susceptible to gastrointestinal disorders. The companies are expanding into China and India, which are ripe for growth, to take advantage of the growing demand for advanced medical technology.
• Government initiatives to improve access to and affordability of health care are also playing an important role in the development of the market. The Indian government, for example, has embarked on a program of universal health care, which will have a positive impact on the market for gastroscopy procedures.

Latin America

• Latin America is slowly increasing the use of gastroscopes, due to the improvement of health systems and the rising awareness of the importance of gastrointestinal health. EndoChoice is concentrating on the expansion of its distribution network in countries like Brazil and Mexico, in order to tap into this growing market.
• In the last few years, the regulatory framework in the region has been adapted to international standards, which has encouraged foreign investment and the introduction of advanced gastroscopy devices. This trend is expected to improve the quality of care and increase the availability of gastroscopy services throughout Latin America.

North America

• The demand for advanced gastroscopy devices in North America is growing due to the high prevalence of gastrointestinal diseases, such as gastroesophageal reflux disease and colon cancer. Olympus and Medtronic are in the forefront of the industry, developing gastroscopy devices that are both accurate and comfortable.
• Regulations, such as the Food and Drug Administration’s emphasis on the safety and effectiveness of medical devices, are putting a spur on manufacturers to increase their research and development. This focus on regulations is expected to drive the introduction of more sophisticated gastroscopes.

Middle East And Africa

• In the Middle East and Africa, the market for gastroscopes is developing, mainly due to the increasing investments in medical care and the growing awareness of the importance of gastrointestinal health. Boston Scientific is now establishing more and more strategic relationships with local health care institutions in order to improve the provision of care.
• Culture, such as the increasing acceptance of preventive medicine, also has a positive effect on the market. Earlier and more accurate diagnosis and treatment of gastrointestinal diseases are expected to increase demand for gastroscopes. The demand for gastroscopes is also being supported by the health policy of the government, which is aimed at reducing the burden of gastrointestinal diseases.

Did You Know?

“Did you know that gastroscopy procedures have increased by over 30% in the last decade due to the rising prevalence of gastrointestinal diseases and advancements in endoscopic technology?” — World Health Organization (WHO) and industry reports

Segmental Market Size

The gastroscopes sub-market plays a key role in the medical devices market, particularly in gastrointestinal diagnosis and treatment. This sub-market is currently growing, driven by the increasing prevalence of gastrointestinal diseases and the growing importance of early diagnosis. The aging of the population, which makes it more susceptible to gastrointestinal diseases, and the progress of minimally invasive procedures, which improve patient outcomes, are the main factors driving this sub-market. In the gastroscopes sub-market, the leading companies are Olympus and Pentax. North America and Europe are the main regions in which gastroscopes are used. These devices are used for diagnostic endoscopy, therapeutic endoscopy and screening for esophageal cancer. In the wake of the pandemic of influenza A/H1N1, telemedicine and remote diagnosis are becoming more important. The demand for advanced gastroscopes is growing. The development of digital and optical technology and artificial intelligence is also influencing this sub-market, as they enhance the accuracy of diagnosis and the efficiency of the procedures.

Future Outlook

From 2025 to 2034, the gastroscopes market is expected to grow at a CAGR of 7.2%. This growth is driven by the rising prevalence of gastrointestinal disorders, an increased awareness of the importance of early diagnosis, and technological advancements in endoscopy. The rising demand for gastroscopes is expected to lead to an increased penetration rate in both developed and developing markets. In 2025, the use of gastroscopes in clinical settings is expected to be around 40%. By 2034, this rate is expected to be around 60%. Artificial intelligence and machine learning are expected to revolutionize the gastroscopes market. These innovations will not only enhance the accuracy of diagnoses but also improve the speed and efficiency of procedures. The rising trend of telemedicine and outpatient care is expected to drive the demand for gastroscopes that are portable and easy to use. Regulatory support and reimbursement will also be critical in facilitating market growth. The future of the gastroscopes market looks bright, with technological advancements and a strong focus on gastrointestinal health.