Endoscopes are minimally-invasive devices and can be inserted into natural openings of the body, to observe an internal organ or a tissue in detail. The endoscopic surgeries are performed for imaging procedures and minor surgeries as well.
Although there is a lack of skilled technicians and infections caused by few endoscopes that are found hindering the market growth, but still there is a growing demand for minimally-invasive surgeries. Therefore the increasing prevalence of endoscopy surgeries for treatment and diagnosis and technological advancements are leading to enhanced applications that are the major factors augmenting the growth of the market studied. Also, the growing awareness among the elderly population about minimally-invasive procedures and the rising prevalence of chronic diseases boost the demand for endoscopy devices even more.
Key Market Trends
Gastroenterology in Application is Expected to Dominate the Market
Gastrointestinal endoscopy allows doctors to see the inside lining of the digestive tract. This examination is performed using an endoscope-a flexible fiber-optic tube with a TV camera at the end. The camera is connected to either an eyepiece for direct viewing or a video screen that displays the images on a color TV. This procedure is used for the diagnosis and also for the treatment of the gastrointestinal condition.
As per the report in the Indian Journal of Medical Research, 2018, Prevalence of Helicobacter pylori infection was reported to be as high as 80% in developing countries like India. Such conditions can cause chronic inflammation in the stomach. Gastrointestinal endoscopy has been proved to be effective in such cases. Hence as the population of India increases, the documented cases of gastrointestinal conditions will also increase, driving the growth of this market.
Majority of the global players have their presence in India in the form of branch, partnership, subsidiary, or third party distribution. As the Indian market becomes more lucrative due to increase in population and augmented the standard of living, more companies are expected to invest and operate in Indian market.
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