Latest News- Endoscopy Devices Market in Africa: Endoscope is expected to lead the Product segment during 2024-2028
The Endoscopy Devices Market in Africa is being driven by Technological advancements
The Endoscopy Devices Market in Africa is expected to grow at a CAGR of 6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 279.5 million. The African endoscopy devices market is witnessing substantial growth due to the expanding patient base suffering from chronic gastrointestinal (GI) disorders. The region's increasing burden of diseases, such as colorectal, esophageal, pancreatic cancers, biliary diseases, inflammatory bowel disease (IBD), and gastroesophageal reflux disease (GERD), is fueling market expansion. Unhealthy lifestyle choices, including poor diets and sedentary lifestyles, have led to a rise in complications like hypertension, diabetes, dyslipidemia, and obesity, contributing to the surge in morbidity and mortality from esophageal, colon, and rectal cancers, as well as other critical GI disorders. Notably, stomach cancer remains a significant concern in many African countries, affecting various organs including the esophagus, stomach, colon, rectum, anus, anorectum, pancreas, and gall bladder.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Endoscope, Visualization and documentation systems, Accessories, Others) Geography (Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Endoscopy Devices Market in Africa Research Report
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The Endoscopy Devices Market in Africa is witnessing significant growth due to the increasing prevalence of chronic diseases such as cancer and gastrointestinal disorders. These devices, including invasive rigid and flexible endoscopes, wireless capsule endoscopes, and bronchoscopes, feature disposable components and high-definition camera systems for precise diagnosis. Minimally invasive procedures like endoscopic ultrasound and biopsies are aided by robotics, artificial intelligence (AI), and remote-controlled technologies. Clinical trials are ongoing for advanced endoscopic interventions like ERCP and colonoscopy to improve cancer diagnosis and treatment. Chronic illnesses of the visceral organs, including the gastrointestinal tract, are the primary focus.
The Endoscopy Devices Market in Africa is a significant segment of the global Healthcare Equipment Market, encompassing manufacturers and R&D activities related to invasive diagnostic tools. This market focuses on disposable components, wireless capsule endoscopy, high-definition camera systems, and minimally invasive procedures for chronic disease diagnosis and treatment. Key applications include cancer diagnosis, biopsies, and the integration of artificial intelligence (AI) for enhanced diagnostic accuracy. Clinical trials are ongoing to further validate the efficacy and safety of these advanced endoscopy devices. Technavio, a leading global technology research agency, sizes the Healthcare Equipment Market based on the combined revenue of manufacturers across various therapy areas, including devices, capital equipment, instruments, implants, accessories, and consumables.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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