NEW YORK, March 3, 2015 /PRNewswire/ -- The total U.S.
gastrointestinal (GI) endoscopic device market encompasses a wide
range of product segments, including: GI endoscopes, capsule
endoscopy, virtual colonoscopy, stenting and dilation devices,
endoscopic retrograde cholangiopancreatography (ERCP) devices,
biopsy forceps, polypectomy snares, fine aspiration needles,
foreign body and specimen removal devices, hemostasis devices,
anti-reflux devices, enteral feeding devices and Barrett's
esophagus ablation devices.
Market expansion over the forecast period will be driven by
continuous growth in demand for GI screening and intervention
procedures.
The demand for colorectal cancer screening is expected to continue
increasing over the forecast period. The most common procedure used
to screen for colorectal cancer is a colonoscopy because of its
efficiency and its ability to facilitate the diagnosis and
treatment of colon cancer at the same time. However, recent
positive publicity for virtual colonoscopy will drive that segment,
likely at the expense of the conventional colonoscopy segment.
Together, these two segments are expected to greatly increase
colorectal cancer screening rates. Moreover, the increase in public
awareness about the risks of colorectal cancer and the advantages
of early treatment is leading more individuals to undergo
screening. As the U.S. population ages, this trend will likely
persist. This rising demand for colorectal cancer screening is
driving the majority of the GI endoscopic market in the U.S.,
particularly the market for GI endoscopes and instrumentation.
Technological advancements will continue to drive the U.S. market
for gastrointestinal devices, most prevalently in the GI endoscope
market. Doctors are constantly looking for products with proven
results and companies that strive to create efficient devices.
Manufacturers are working together with doctors to create new
solutions and products, and doctors are constantly in contact with
companies, suggesting new procedures and testing new devices.
Technological developments also have a positive effect on the
market by driving prices, leading to an increased overall market
value.
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