The Brainy Insights today highlighted that according to a recent report, the global endoscopes market is estimated to reach USD 32.1 billion by 2030, at a CAGR of 8.2% between 2022 and 2030.
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Endoscopy Market Growth Since the last few years, the number of diagnosed gastrointestinal disorders has been increasing. Endoscopy is a minimally invasive diagnostic procedure, which is preferred for the diagnosis and treatment of gastrointestinal diseases. The demand for endoscopes is increasing due to the convenience in use and accuracy of the procedure performed with them. The increasing incidences of functional gastrointestinal disorders are expected to accelerate the use of endoscopes and boost the endoscopes market's growth. Avinash D., Global Lead at Brainy Insights, said, “With an increasing number of patients, the demand for endoscopy is rapidly rising due to the convenience in use and accuracy of the procedure performed with them. Endoscopy is expected to witness estimated revenue growth in the forecast period due to the increasing prevalence of gastrointestinal diseases. We believe that this revenue growth of the global endoscopes market will boost the growth of our company.” The increasing adoption of endoscopes in several medical practices and the growing awareness of endoscopy have created lucrative opportunities for the endoscopes market in the near future. Moreover, with the implementation of novel technologies, such as confocal laser endomicroscopy, and increasing awareness in emerging economies is expected to propel the growth of the market during the forecast period. The report also highlighted that North America is expected to dominate the global endoscopes market. The continued development of innovative products and the rising demand for endoscopy procedures are expected to drive the market growth in the region.
The increasing prevalence of gastrointestinal diseases and the growing awareness of endoscopy, along with the implementation of novel technologies, such as confocal laser endomicroscopy, are expected to propel the growth of the global endoscopes market, with North America dominating this growth.
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Brainy Insights Pvt. Ltd. believe that the increasing demand and growing awareness of endoscopy will create numerous opportunities for us to grow in the industry.
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