Global Gastrointestinal Endoscopy Devices Market size to

Pune, India, Oct. 25, 2022 (GLOBE NEWSWIRE) — MarketStudyReport recently added report, global gastrointestinal endoscopy devices market size was worth USD 4.7 billion in the year 2021 and is estimated to record a decent CAGR of 6.8% during 2022-2028, subsequently accumulating a decent valuation of USD 4.7 billion by the end of the forecast timeframe.

Aside from that, the research uncovers present and upcoming challenges that may threaten the profitability graph of the industry, while rendering precise solutions to mitigate the impact.

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Moreover, a comprehensive investigation of major industry players, in terms of their business profiles, product portfolio, latest developments, financial standing, and strategic advances such as mergers, acquisitions, and partnership deals are conducted for stakeholders to anticipate the growth trajectory of the business sphere in the forthcoming years.

Increasing proliferation of gastrointestinal diseases due to rapidly changing lifestyles and growing inclination toward junk food are the major factors propelling global gastrointestinal endoscopy devices market profitability during 2022-2028.

In addition, surge in the geriatric population who suffer from symptoms of colon and rectum cancers given the sedentary lifestyle choices, GI disorders, and other chronic illnesses coupled with the popularity of weight loss procedures like banding among women are likely to boost the revenue margins of the market in the coming years.

Despite the positive outlook, the lack of proper reimbursement policy, the expensive nature of the procedure, and the dearth of experienced medical practitioners are some of the obstacles that market players may have to overcome during the forecast period.

Segmental outlook: –

Considering product type, worldwide gastrointestinal endoscopy devices marketplace is divided into biopsy device, capsule…