Market Trends of India Endoscopy Devices Industry
This section covers the major market trends shaping the India Endoscopy Devices Market according to our research experts:
Gastroenterology in Application is Expected to Dominate the Market During the Forecast Period
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 treatment of gastrointestinal conditions.
In 2020, a GLOBOCAN report stated that colorectum cancer is the fifth most prevalent cancer in India, with around 65,608 cases. The rising number of colorectum cases will require a higher number of diagnoses. Hence, the rising prevalence of cancer may boost the endoscopy market in India. Increasing investments and launches of better care facilities are driving the market's growth. For instance, in August 2021, Jehangir Hospital, located in Pune, India, launched an upgraded Endoscopy Center for early diagnosis of GI cancers, empowered by Endosonography. Collaborations and product launches are other growth in the country. For instance, in October 2020, Olympus Corporation collaborated with Cybernet Systems Co. Ltd to establish an AI diagnostic support system at the Asian Institute of Gastroenterology (AIG), based in Hyderabad, India. With the rising developments in several end-user facilities and increasing collaborations and product launches, the market is likely to grow in the future.
