North American Market Forecast
Endoscopy Devices market in North America is predicted to account for the largest share of 43% by 2037 impelled by the growing rate of endoscopic procedures. This is expected to create a huge demand for endoscopic devices in the region as there are over 4 million Americans who suffer from peptic ulcer disease, a persistent inflammation of the duodenum and stomach. Moreover, the function of endoscopy such as esophagogastroduodenoscopy (EGD) is used to test for the diagnosis of peptic ulcer illness and to determine the location and size of the ulcer. According to estimates, in the United States, more than 6 million upper endoscopies are carried out annually.
APAC Market Statistics
The APAC Endoscopy Devices market is estimated to be the second largest, during the forecast timeframe led by the rising healthcare industry. This has led to the development of efficient endoscopy devices in countries such as India. For instance, in 2023, Fujifilm India introduced ClutchCutter and FushKnife for ESD and EMR operations, and they're made to work with suitable endoscopes and help medical professionals do endoscopic submucosal dissections with efficiency. The value of India's healthcare industry was predicted to be over USD 370 billion dollars by 2022, from roughly 279 billion dollars in 2020.
Author Credits: Radhika Pawar
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