Gastrointestinal Devices MedTech Market Top Scenario, SWOT Analysis, Business Overview & Forecast 2026

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Gastrointestinal Devices MedTech Market Overview
by Rising Demands and Developments
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The growth of the Gastrointestinal Devices
MedTech market is being driven by an ageing
population, an increase in GI procedures, an
increase in cases of colorectal cancer, and
screening requirements in many healthcare
systems. Growing robotics use and focus to AI are
providing further momentum for market
expansion. Global Gastrointestinal Devices
MedTech market pegged at 13-14 billion in 2021,
growing at a rate of 5. Increased usage of
single-use endoscopes, robots, and an increasing
focus on AI in surgeries will be the main drivers
of market expansion. Medi-Tech Insights latest
research report on Gastrointestinal Devices
MedTech market analyses the worldwide market with
respect to product and geography. The
Gastrointestinal Devices MedTech market is
divided into four product-specific segments GI
endoscopes, endotherapy devices, laparoscopes,
and laparoscopic devices. It is evident from our
research and interviews with industry
professionals that the largest product segment is
GI endoscopes. Within endoscope market, reusable
endoscopes form major chunk of the market, owing
to the fact that they are high-cost capital
equipment with relatively greater adoption.
However, single-use endoscope market is
anticipated to expand more quickly. Shift driven
by relatively lower acquisition cost, lower level
of training skills, no reprocessing cost and no
risk of cross-contamination. Ambu and Boston
Scientific are two major companies that offer
single-use endoscopes.
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Currently, penetration of single-use endoscopes
in GI is lt5. It is expected to increase to
10-15 in the next 5 years.- CEO, Leading
Gastrointestinal MedTech Company Geographic
Snapshot Gastrointestinal Devices MedTech
Market Comprehensive regional and country-level
assessment of the global Gastrointestinal Devices
MedTech market covering U.S., Europe,
Asia-Pacific and Rest of the World indicates that
the U.S. is likely to dominate the market over
the next five years while China will grow faster
than other geographic areas. Explore Premium
Report on Gastrointestinal Devices MedTech Market
_at_ https//meditechinsights.com/gastrointestinal-de
vices-medtech-market/ Gastrointestinal Devices
MedTech market benefits from presence of large
players like Olympus and Boston Scientific (BSX)
but number of start-up companies have emerged
especially in AI, single-use instruments
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Four significant market segments are GI
endoscopes, endotherapy devices, laparoscopes,
and laparoscopic equipment. The top 3 endoscope
companies are Olympus, Fujifilm, and Hoya with
Olympus alone accounting for major chunk.
Endotherapy devices is the fastest increasing
market segment and is dominated by BSX with more
than 50 market share. Laparoscopes market is
dominated by Stryker, Karl Storz, and Olympus. On
the other hand, top 5 players accounted for more
than 70 share of laparoscopic devices
market. Artificial intelligence (AI) and
single-use endoscopy have attracted PE investment
recently Traditional endoscopy has a long history
in healthcare, however the images produced by the
procedure are assessed by clinicians, which might
result in a wide range of interpretations.
However, AI-assisted endoscopy is perceived to
have potential to provide consistent results and
improve patient care owing to which PEs are
investing in AI providers. For instance, in
August 2021, Iterative Scopes raised 30 mi
Series A Financing to Advance AI-Driven Precision
Medicine for Gastroenterology. Similar to this,
single-use endoscopy is expected to be a priority
area in the next years as major players have
already begun to include them to their
portfolios. Also, smaller/niche players are
receiving funding. For instance, in October 2021,
IQ endoscope received 4 mi (5 mi) for
supporting regulatory approval process for its
single use flexible gastroscope, as well as
accelerating the development of its single use
flexible colonoscope.
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Healthcare IT, Medical Technology, Medical
Devices Pharma Services. Contact Ruta
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