• Stacy Lawlor

Global Electronic Gastroscope Market Size to grow $39.3 Bn in 2028

The Global Electronic Gastroscope Market Size was valued at USD 27.3 Bn in 2021. The market is projected to grow USD 39.3 Bn in 2028, at a CAGR of 7.5%.

Global Electronic Gastroscope Market Size to grow  $39.3 Bn in 2028

Endoscopic procedures are non-surgical or minimally invasive treatments that involve the use of endoscopy devices and supplies to inspect a patient's internal organ or tissue in great detail. Many tools and equipment are used during endoscopy to ensure a safe and successful procedure, including procedure-specific scopes, video monitors, imaging devices, anesthetic equipment, monitoring equipment, light sources, video processors, insufflators, endoscope cabinets, and an endoscopy cart or trolley. Gastroenterologists, gynecologists, nephrologists, neurologist, cardiologist, hepatologist, and liver transplant surgeons are the most common users of endoscopy equipment.


COVID-19 ANALYSIS

The COVID-19 epidemic has triggered a global emergency. COVID-19 infection is more likely to affect surgeons and patients who frequent hospitals for various procedures. COVID-19 cases have overwhelmed German hospitals; as a result, all elective procedures have been cancelled or postponed. In large hospitals across Germany, approximately 40–50 percent of endoscopic procedures were cancelled. In the second and third quarters of 2020, sales of endoscopic equipment downfalls. As many hospitals and clinics lack the resources and manpower to adhere to and implement the stringent COVID-19 guidelines put forth by the European Society for Gastrointestinal Endoscopy (ESGE) and the German Respiratory Society (Deutsche Gesellschaft für Pneumologie und Beatmungsmedizin or DGP), disposable endoscope sales have increased. To reduce the risk of infection, negative pressure suites and personal protective kits should be used, as well as ward isolation. As a result, endoscopic therapy has become more expensive overall. These issues will limit the endoscopy market's growth in 2020. With the global distribution of vaccines, the industry is expected to recover in the future years.



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