Market Overview: Global Endoscopy Equipment Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Endoscopy Equipment Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Endoscopy Equipment Market Insights 2024-30

The Global Endoscopy Equipment Market size is valued at around USD 29.81 billion in 2023 and is estimated to grow at a CAGR of about 7.12% during the forecast period, i.e., 2024-30.

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Top Players in the Endoscopy Equipment Market:

• Arthrex Inc.
• B Braun Melsungen
• Boston Scientific Corporation
• CONMED Corporation
• Ethicon Endo-Surgery, LLC (Johnson Johnson)
• FUJIFILM Holdings Corporation
• Intuitive Surgical, Inc.
• Karl Storz SE Co. KG
• Machida Endoscope Co., Ltd.
• Medtronic Plc (Covidien)
• Olympus Corporation
• PENTAX Medical (HOYA)
• Richard Wolf GmbH
• Smith Nephew Plc.
• Stryker Corporation
• Others

Segmentation Analysis of Endoscopy Equipment Market

Endoscopy Equipment Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Application

• Gastrointestinal (GI) Endoscopy
• Laparoscopy
• Obstetrics/Gynecology Endoscopy
• Arthroscopy
• Urology Endoscopy (Cystoscopy)
• Bronchoscopy
• Others (ENT Endoscopy, Neuro Endoscopy, etc.)

Gastrointestinal (GI) endoscopy is poised to maintain its global dominance in the Endoscopy Equipment Market during the forecast period. The increasing prevalence of functional GI diseases and the expanding global geriatric population are some influential aspects pushing the industry ahead. The growing number of upper GI procedures and the rising utilization of endoscopes as a primary tool for early detection diagnosis of GI conditions are contributing to this trend.

Furthermore, the escalating cases of colorectal cancer (CRC) and GI disorders like dyspepsia, irritable bowel syndrome, and constipation among both young adults and the elderly are expected to stimulate the market in the coming years.

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-By Product

• Endoscopes- Market Size Forecast 2019-2030, USD Million
• Visualization System- Market Size Forecast 2019-2030, USD Million
• Accessories- Market Size Forecast 2019-2030, USD Million
• Others (Fluid Flushing Device, Valves, etc.)- Market Size Forecast 2019-2030, USD Million

-By End User

• Hospitals- Market Size Forecast 2019-2030, USD Million
• Ambulatory Care Centers- Market Size Forecast 2019-2030, USD Million
• Specialty Clinics- Market Size Forecast 2019-2030, USD Million

A Comprehensive Geographical Analysis:

-By Region

• North America
• South America
• Europe
• The Middle East Africa
• Asia-Pacific

North America is the largest market for endoscopy in the world and is expected to remain so in the coming years. This is due to the increasing prevalence of chronic diseases such as cancer and gastrointestinal disorders, the rising demand for elective endoscopy procedures, the aging of the population, and the need for modern healthcare facilities supported by high government private sector spending are a few aspects contributing in the regional market expansion.

Across the entire region, the United States is the market leader for endoscopy. This is due to the high incidence of colorectal cancer (CRC) and the growing demand for effective endoscopy diagnosis and treatment. The industry leaders are investing heavily in research and development (RD) to introduce new and innovative products to improve endoscopy performance and accuracy. They are also doing mergers and acquisitions (MA) and strategic partnerships (SSPs) to increase their product range and geographical reach.

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