Ultrasound Gastroscopes Market is Rising Prevalence of Gastric Cancer Expected to Support Growth Coming Years

Pune, India, June 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Ultrasound Gastroscopes Market.

Market Synopsis:

Technological advancements in the healthcare sector have led to the development of medical devices and equipment for facilitating the treatment of diseases related to the gastrointestinal tract. Market Research Future, in its latest study, has revealed that the global ultrasound gastroscopes market was valued at USD 630.2 Mn in 2017 and is projected to exhibit a CAGR of 6.32% over the forecast period 2018 to 2023. Increasing prevalence of gastrointestinal diseases is anticipated to catalyze the growth of the market in the years to come.

Ultrasound gastroscopes are used by surgeons and physicians for treating stomach cancer, pancreatic diseases, etc. According to a study based on statistics provided by the American Society of Clinical Oncology, 11,140 patients are likely to succumb to gastric cancer in the U.S. in 2019. Also, people older than the age of 64 years are more at risk of developing stomach cancer. The growing population of older adults is expected to have a favorable impact on the growth pattern of the ultrasound gastroscopes market over the next couple of years. In addition, the fact that the early detection and diagnosis of stomach cancer can raise the 5-year survival rate to 68% is projected to support the development of the market in the forthcoming years. Thus, an upswing in the revenue generation is projected in the ultrasound gastroscopes market over the next couple of years.

The focus of the key players is on the introduction of advanced products. The rising demand for higher accuracy and specificity of endoscopy ultrasound techniques is expected to encourage the growth trajectory of the ultrasound gastroscopes market in the nearby future. On the contrary, lack of skilled professionals, in conjunction with the high cost of the equipment, is projected to check the expansion of the market across the review period.

Market Segmentation:

The global ultrasound gastroscopes market, by product type, has been segmented into linear array ultrasound gastroscope, optic ultrasound gastroscope, endoscopic ultrasound needle, and others.

On the basis of application, the ultrasound gastroscopes market has been segmented into pancreatic conditions, oncology, and others. The oncology segment has been further bifurcated into lower gastrointestinal (GI) oncology and upper gastrointestinal (GI) oncology.

Based on procedure, the global ultrasound gastroscopes market has been segmented into lower endoscopy ultrasound (EUS), upper endoscopy ultrasound (EUS), and Others.

On the basis of end user, the ultrasound gastroscopes market has been segmented into ambulatory surgical centers, hospitals and clinics, and others.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/ultrasound-gastroscopes-market-7784

Competitive Dashboard:

The prominent players operating in the global ultrasound gastroscopes market and profiled in this MRFR report are Olympus Corporation, Conmed Corporation, Karl Storz Endoscopy, Fujifilm Holdings, Cook Medical, Boston Scientific Corporation, Medtronic plc, Esaote Spa, and Medi-Globe GmbH.

Regional Analysis

By region, the global ultrasound gastroscopes market has been segmented into four regions - Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas is leading the growth of the global market. The increasing demand for advanced treatments for cancer is likely to propel the expansion of the ultrasound gastroscopes market in the region. Europe is anticipated to exhibit moderate growth over the next couple of years, which is attributable to the rising geriatric population. Also, increasing research & development activities is anticipated to catapult the regional market on an upward trajectory. Asia Pacific, on the other hand, has been projected to exhibit the highest CAGR over the assessment period. The rapid developments in healthcare technology are expected to revolutionize the growth pattern of the ultrasound gastroscopes market in the region.

Industry News:

In November 2018, Queen Elizabeth Hospital Foundation raised USD 260,000 for the purchase of equipment such as therapeutic gastroscope, a new CT scanner, and two ultrasound stretchers for the ambulatory care center.