Global Endoscopy Devices Market was valued at USD 30.21 billion in 2021 and is expected to reach USD 46.70 billion by the year 2028, at a CAGR of 6.42%.
Global Outlook and Forecast 2023-2030 is latest research study released by IMR evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market research and development, growth drivers, and the changing investment structure of the Global Endoscopy Devices Market.
Players Covered In Endoscopy Devices Market Are:
- Braun Melsungen Ag (Germany), Boston Scientific Corporation (US), Cook Medical (Ireland), Ethicon (US), Fujifilm (Japan), Hoya Corporation (Japan), Karl Storz (Germany), Machida Endoscope Co., Ltd (Japan), Medtronic plc (Ireland), Olympus Corporation (Japan), PENTAX Medical (Japan), Richard Wolf GmbH (Germany), Smith & Nephew PLC (UK), Stryker (US) and other major players.
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Report centrally focuses on in-depth company profiles and competitive analysis, offering valuable insights into market players' overview, market role, operating business segments, and financial performance. By evaluating crucial metrics like production volume, sales volume, and sales margin, we provide a comprehensive understanding of their market standing. In addition, report highlights recent market developments, keeping you informed about emerging opportunities and competitive dynamics.
Market Segmentation:
Depending on device type, the endoscope segment is anticipated to dominate the endoscopy devices market in the forecast period. Endoscopes play an important part in detecting cancers, ulcers, and physiological conditions of internal organs. Endoscopes give accurate information of gastrointestinal tracts rather than X-rays.
Depending on the application, the gastrointestinal endoscopy is anticipated to lead the endoscopy devices market over the projected period. This procedure is employed to check the abnormalities in the upper gastrointestinal which includes the food pipe (esophagus), stomach, and the first part of small intestine (the duodenum). This endoscopy helps in detecting the ulcers, tumors, and blockages present in the gastrointestinal tract.
Depending on the type of usage, the single-use segment is anticipated to have the highest CAGR in the forecast period. The growing prevalence of infectious diseases and the growing burden on device cleaners are the main factors stimulating the expansion of this segment.
Depending on end-users, the hospital segment is projected to have the highest share of the endoscopy devices market. The well-developed infrastructure and high-quality medical services provided by the hospital are the main driving forces of this segment. Moreover, skilled healthcare professionals and technologically advanced equipment are available within the hospital premises.
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Segmentation:
By Type
- Endoscopes
- Endoscopic Operative Device
- Visualization Equipment
By Application
- Gastroenterology
- Pulmonology
- Cardiology
- ENT Surgery
- Others
By Usage Type
- Single Use
- Reprocessing
By End Users
- Hospitals
- Ambulatory Surgery Centers & Clinics
- Others
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
COVID-19 Impact on Endoscopy Devices Market:
The outbreak of the COVID-19 pandemic disrupted the functioning of several industrial sectors. Hospitals were full-fledged with COVID cases which resulted in a public hesitancy to undergo endoscopy. This reluctance may lead to an increase in the mortality rate from delayed cancer diagnostics. To tackle the COVID-19 pandemic, most gastroenterology societies worldwide issued new regulations to postpone non-urgency endoscopic activities. According to United Kingdom’s data uploaded on National Endoscopy Database (NED), 35,478 endoscopy procedures were performed per week in the pre-COVID period, while during the peak COVID period fewer than 1800 endoscopy procedures were performed per week.
The Report Offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
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