Global Endoscopy devices Market t Expected to Reach $ 73.1 Billion by 2030 | Business Intelligence Insights (BII)

Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-01-19  

     

As per Business Intelligence Insights (BII) study, the Global Endoscopy Devices Market attained revenue growth of USD 41.90 billion in 2021 and it is projected to reach around USD 73.1 billion by 2030, growing at a 7.20% CAGR.

Factors responsible for the significant growth in the market are healthcare tourism's rapid expansion, increasing burden of cancer, rapid improvement in infrastructure, as well as the presence of flexible regulation in these countries encourage players in the endoscopy equipment market. Favorable regulatory rules and many governments institutions performing endoscopic operations are two major drivers expected to propel the market growth during the forecast period. In addition, technological advancements in endoscopes that can be used for early detection of diseases and rise in prevalence rate of diseases that require endoscopy devices is expected to experience lucrative growth in the market during the forecast period.

The major factor driving the growth of endoscopy devices in the market is unmet medical demands in developing countries over the upcoming years. Besides, shortage of skilled endoscopy physicians and nurses in major regions is expected to challenge the growth of the market over the upcoming years.

Moreover, the global ageing population is having a significant impact on endoscopic product demand due to lower immunity, which in turn complicates medical and treatment choices, they are more vulnerable to health issues. In healthcare settings, the use of endoscopes and visualisation technology also boosts the endoscopy devices market growth.  However, possible sales losses due to product delays and additional costs incurred because of stringent approval procedures exert pressure on investments in the development of new items are the factors hampering the growth of the market during the forecast period.

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 Global Endoscopy devices Market: Companies Mentioned

•  Olympus Corporation
•  Ethicon Endo-surgery LLC
•  FUJIFILM Holdings Corporation
•  Stryker Corporation
•  Boston Scientific Corporation
•  Karl Storz GmbH & Co. KG.
•  Smith & Nephew Inc.
•  Richard Wolf GmbH
•  Medtronic Plc (Covidien)
•  PENTAX Medical
•  Machida Endoscope Co., Ltd. Amway
•  Corp (US)
•  Others

Key Highlights of the Report

•  Endoscopes as a product led the endoscopy devices market in 2021 with the significant share of 36.5% in the market, owing to technological advancements in the endoscopes used for early detection of diseases such as cancer, infections, efficacy over rigid endoscopes and malignancies. Also, the demand and supply of endoscopes are being driven by increased awareness of endoscopic treatments and the availability of numerous types of endoscopes. The rising adoption of endoscopes for treatment and diagnostics is due to a growing preference for less invasive procedures, and increased acceptability of endoscopes for treatment and diagnostics, which is expected to enhance the global probiotics market soon.

•  Endoscopy devices come in a variety of forms, including Gastrointestinal (GI) endoscopy, Laparoscopy, Obstetrics/gynecology endoscopy, Arthroscopy, Urology endoscopy (cystoscopy), Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy and Other applications. Gastroenterology segment dominated the market with the highest revenue share of 54.7% and it is the most common application mode in the global healthcare sector. The Gastroenterology sub sector is likely to rise in the forecast period due to the installation of advanced endoscopic techniques in urology, such as robot-assisted endoscopes or disposable endoscopes. In addition, rising incidences of cardiovascular disorders will boost demand for endoscopic devices in the sector.

•  The North America endoscopy devices market increased rapidly in both developed and developing countries and accounted for the highest share of more than 41.5% of the global revenue. A growth in the prevalence of chronic diseases due to an ageing population, a high adoption rate of technologically superior endoscopic devices, and a high level of regarding the advantages of endoscopy therapies. Also, the implementation of a new funding model by Canadian hospitals boosts the market growth over the upcoming years. The growing economies of India and China are expected to be notable contributors in this region.

•  The report contains qualitative and quantitative research on the global endoscopy devices Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights

By Product
•  Endoscopes
•  Endoscopy Visualization Systems

By Application
•  Gastrointestinal (GI) endoscopy
•  Laparoscopy
•  Obstetrics/gynaecology endoscopy
•  Arthroscopy
•  Urology endoscopy (cystoscopy)
•  Bronchoscopy
•  Mediastinoscopy
•  Otoscopy
•  Laryngoscopy
•  Other applications

By End-use 
•  Hospitals
•  Ambulatory surgery centres
•  Another end uses

By Region
•  North America
o  U.S.
o  Canada
•  Europe 
o  Germany
o  U.K.
o  France
o  Italy
o  Spain
o  Rest of Europe
•  Asia Pacific 
o  China
o  India
o  Japan
o  Rest of Asia Pacific
•  Latin America 
o  Brazil
o  Mexico
o  Rest of Latin America
•  Middle East and Africa 
o  UAE
o  South Africa
o  Rest of Middle East and Africa (MEA)

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Global Endoscopy devices market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?

 

The Endoscopy devices market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Global Endoscopy devices market Forecast Report 2022- 2030 - Order Now!

About Us

Business Intelligence Insights is the global provider of market intelligence, consultancy services, and syndicated & customized reports. We are focused on assisting business leaders and suppliers in making decisions by providing timely and insightful market research and consulting services. We offer global, and regional expertise in technology, industry, opportunities, trends, industry analysis, market data, and strategic guidance. Our analysis and insight help business professionals, executives, and investors make fact-based technology decisions and achieve their key business objectives. Our reports are featured distinct research approaches, rigorous methodologies, and comprehensive sector coverage.

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