Our Market
As the patient population rises each year, it is increasingly vital to seek technical solutions to manage this growing demand. The expanding market, driven by an aging population and modern lifestyle changes, underscores the need for advanced equipment and technology to enhance patient care. Unfortunately, many types of supporting equipment have remained stagnant for decades, hindering progress. By investing in innovative technology, healthcare providers can improve patient outcomes and maintain a competitive edge in the industry.
Market Research
An estimated 60-70 million people in the U.S. are affected by digestive diseases, according to the Centers for Disease Control and Prevention (CDC).
Chronic conditions like inflammatory bowel disease (IBD), gastroesophageal reflux disease (GERD), and celiac disease increasingly prevalent across the country.
The economic impact of these digestive diseases is substantial, with an estimated cost of $136 billion in both direct and indirect expenses.
The Burden
Approximately 51 million gastrointestinal endoscopic procedures are performed in the U.S., according to the American Society for Gastrointestinal Endoscopy.
These procedures are carried out by fewer than 14,000 gastroenterologists, as stated by the College of Gastroenterology.
The demand for these procedures is steadily increasing, driven by the aging population and lifestyle factors prevalent in Western society.
Strategic Planning
Gastroenterology is a specialized field of medicine dedicated to the digestive system and its disorders.
In the U.S. there are about 12,500 clinical gastroenterologists working in private practices and large multispecialty groups.
This number is projected to increase as the Ministry of Health and hospitals promote clinics to alleviate patient load and ease financial pressures on hospital systems.