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Pareesh Phulkar

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Endoscopes Market Projected to Witness a Double-Digit CAGR During 2018 to 2026
Endoscopes are medical devices used in endoscopy procedure to observe and treat the internal organs.

BriefingWire.com, 9/13/2019 - Endoscope is a kind of telescope used by operator (Physician) in order to observe the insights of body cavities. Endoscopes consist of flexible tubes such as light tube and image receiver tube, which transmits the interior view on display system. Endoscopes are increasingly used to perform small surgeries and other minor medical procedures (Biopsies). Small laser is also used with endoscopes either to kill tissue or to perform incision. Innovative type of endoscopes combining different devices such as ultrasound are used to better diagnose and treat various GI tract associated disease.

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Major factor driving growth of the endoscopes market is increasing number of geriatric population worldwide. Aging population is more prone to chronic disease such as colon cancer, bladder cancer and stomach cancer. Currently Europe has maximum number of people above age 60 ranging 25% of entire population. According to the American Cancer Society’s statistics in 2017, more than 140,250 new cases of colorectal cancer are detected in the U.S. annually. Most of this cases are observed in older people. Moreover geriatric population is vulnerable to orthopedic disease (Osteoarthritis and Osteoporosis) which is diagnosed and treated with help of arthroscopy devices.

Artrhroscope allows visualization of bones. According to the World Health Organization (WHO), 2013, around 28.2% of the global population above 60 years of age, suffered from osteoarthritis with an estimated 80% recorded with mobility handicaps. Europe region is expected to witness significant traction in market, owing to highest number of old age population. According to the report published by the State of Muscoskeletal Health 2017, 8.75 million people aged 45 and over in the UK have undergone treatment for osteoarthritis that includes use of arthroscopes.

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