Increasing Prevalence of Gastrointestinal Diseases and R&D of New Endoscopy Technologies to Augment Growth of Endoscopes Market
Endoscopy is minimal invasive procedure in which endoscope is placed inside body either through body openings (mouth, anus etc.) or by making small incisions on the body. Endoscopes are used in various applications such as GI endoscopy, arthroscopy, hysteroscopy, and ureteroscopy. There are many types of endoscopes depending on the site in the body and type of procedure an endoscopy. Market Dynamics Increasing prevalence of gastrointestinal diseases is expected to propel growth of endoscopes market. For instance, according to the study, ‘A study of prevalence and determinants of irritable bowel syndrome in an urban slum community in Mumbai’, published in November 2018, the prevalence of irritable bowel syndrome was 12.27%, of which 56% were males and 44% were females. Moreover, R&D of new endoscopy technologies is also expected to aid in growth of the market. For instance, in June 2020, Xenocor, Inc. received the U.S. patent in connection with the Xenoscope Single-use La...