Gastrointestinal Devices MedTech Market Growth by Key Players | Olympus and Boston Scientific (BSX)

BRUSSELS - Nov. 13, 2022 - PRLog -- 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.

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.

"Currently, penetration of single-use endoscopes in GI is <5%. 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 @ https://meditechinsights.com/gastrointestinal-devices-medtech-market/