The latest report “Endoscopy Devices Market (By Product: Endoscopes, Endoscopy Visualization Systems, Endoscopy Visualization Components, and Operative Devices; By Application: Urology Endoscopy, Gastrointestinal (GI) Endoscopy, Obstetrics Endoscopy, Laryngoscopy, Laparoscopy, Bronchoscopy, Mediastinoscopy, and Other Applications; By End-use: Ambulatory Surgical Centers, Hospitals, and Other End-uses) Market Size, Share with COVID-19 Impact and Forecast to 2027”, As per the analysis, the Endoscopy Devices Market was valued at US$ 37.77 Billion in 2019 and is expected to expand at a CAGR of 7.5% from 2020 – 2027.
An endoscopy refers to a procedure that enables surgeons or physicians to look interior parts of the organ. This technique is applied for both therapeutic and diagnostic purposes. To perform endoscopy a particular instrument is used known as an endoscope. There are various types of endoscopes available in the market and the adoption of endoscope depends upon the type of the affected body organ, for example, arthroscopes are preferred for problems related to joints, bronchoscopes are used for lungs associated problems, and similarly many other endoscopes are available.
Other instruments essential during an endoscopic procedure include cytology brush, biopsy forceps, trocar sleeves, flexible forceps, etc. For therapeutic purpose, the endoscopic devices are either attached or transited across surgical instruments to perform a particular surgery. Endoscopic surgery is a type of marginally invasive surgery in which the device is inserted inside the human body through small incisions to properly examine the internal organs.
The study provides an analysis of the global endoscopy devices market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year. The study includes drivers and restraints of the global endoscopy devices market. The main goal of this research study is to offer a clear picture and a better understanding of the market to the manufacturers, traders, and the suppliers operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to convey and develop critical approaches for the further growth of their businesses.
Market Was Valued In 2019: US$ 37.77 Billion
Market Is Projected To Grow By 2027: US$ 67.37 Billion
Compound Annual Growth Rate (CAGR): 7.5 percent
Download the Sample Pages for More Understanding@ https://www.precedenceresearch.com/sample/1095
Advancement in the endoscopy technology, increasing prevalence of chronic diseases, and increased funding as well as reimbursement for screening & treatment using endoscopic techniques significantly promote the market growth of the endoscopy devices. In addition, increasing popularity of minimally invasive surgery also creates huge scope for the growth of market.
As per the study conducted by the American Cancer Society, in the United States individuals with age more than 50 years depicted to contribute around 90% colorectal cancer (CRC) cases in the country; along with this, colonoscopy refers to be the most effective commonly adopted procedure for the screening and diagnosis of CRC in older population. Moreover, increasing geriatric population across the world has positively influenced the endoscopic devices market. Simultaneously, older adults are highly vulnerable for health problems such as gastrointestinal problems, ophthalmic diseases, cancer, orthopedic diseases, and many others because of lower immunity that in turn, complicate the therapeutic and diagnostic options.
World Health Organization (WHO) has estimated that the group of aged people in the world with more than 60 years will nearly double by the end of 2050. Specifically in the United States, more than 20% of the population estimated to come under the age group of 65 years or above by the year 2030.
- North America accounted for the largest revenue share owing to increase in preference for minimally invasive surgeries, and increase in geriatric population
- The Asia Pacific anticipated as the most opportunistic region during the forecast period due to substantial economic growth and improving healthcare infrastructure
- Endoscopy visualization systems captured the largest value share in the global market in 2019 attributed to the rising preference for High Definition (HD) visualization system by medical professionals
- The endoscopes segment projected to exhibits lucrative growth over the analysis period. Flexible endoscopes dominated the segment with the highest value share in 2019.
- Based on application, GI endoscopy occupied the largest revenue share accounting for more than half of the total market value due to rising prevalence of GI disease
- Urology endoscopy (cystoscopy) projected to exhibit the fastest growth during the analysis period owing to increased number of ureteroscopic interventions performed
- By end-use, hospitals segment encountered to be the largest end-user in the year 2019, as it is the primary health center in majority of countries
- The ambulatory surgical centers expected to witness prominent growth over the analysis period because of cost-effective ASC-based endoscopic procedures
Key Players & Strategies
The global endoscopy devices market is highly competitive as the market payers are investing prominently on the research & development activity along with an intense focus towards new product launch, product enhancement & development. Olympus Corp. is one of the largest endoscopy device manufacturers that account for nearly 70% market share in the GI endoscopy application segment.
Various renowned participants in the endoscopy devices market include:
- Ethicon Endo-Surgery, LLC
- Olympus Corporation
- Stryker Corporation
- Boston Scientific Corporation
- Fujifilm Holdings Corporation
- Smith & Nephew Inc.
- Karl Storz GmbH & Co. KG
- Richard Wolf GmbH
- PENTAX Medical
- Medtronic Plc (Covidien)
- Machida Endoscope Co., Ltd.
In 2019, North America led the global endoscopy devices market and anticipated to maintain its dominance in the coming years. This is primarily accounted to the rising incidence of cancer, favorable reimbursement scenario in the U.S., increasing research activities to enhance endoscopy devices, increasing investments by hospitals for purchasing new endoscopic equipment, and the implementation of a new funding model for Canadian hospitals.
On the other hand, the Asia Pacific predicted to be the fastest growing region owing to significant number of developing nations present in this region, such as India and china. Furthermore, increasing patient population of gastrointestinal and cancer diseases in the developing countries expected to spur the demand for endoscopes in the region.
Segments Covered in the Report
This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on basis of product, application, end-use, and region:
- Flexible Endoscopes
- Upper Gastrointestinal Endoscopes
- Other Flexible Endoscopes
- Rigid Endoscopes
- Urology Endoscopes
- Gynecology Endoscopes
- Other Rigid Endoscopes
- Disposable Endoscopes
- Capsule Endoscopes
- Robot Assisted Endoscope
- Flexible Endoscopes
- Endoscopy Visualization Systems
- High Definition (HD) Visualization Systems
- 3D Systems
- 2D Systems
- Standard Definition (SD) Visualization Systems
- 3D Systems
- 2D Systems
- Ultrasound Devices
- High Definition (HD) Visualization Systems
- Endoscopy Visualization Components
- Camera Heads
- High-definition Monitors
- Light Sources
- Video Processors
- Suction Pumps
- Operative Devices
- Access Devices
- Energy Systems
- Hand Instruments
- Suction & Irrigation Systems
- Wound Retractors
- Urology Endoscopy
- Gastrointestinal (GI) Endoscopy
- Obstetrics Endoscopy
- Other Applications
- Ambulatory Surgical Centers
- Other End-uses
By Regional Outlook
- North America
- Asia Pacific
- South Korea
- Rest of the World
Key Points of Endoscopy Devices Market
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Variables and Scope
Chapter 5. Market Dynamics Analysis and Trends
Chapter 6. Competitive Landscape
Chapter 7. Global Endoscopy Devices Market, By Product
Chapter 8. Global Endoscopy Devices Market, By Application
Chapter 9. Global Endoscopy Devices Market, By End-Use
Chapter 10. Global Endoscopy Devices Market, Regional Estimates and Trend Forecast
Chapter 11. Company Profiles
Chapter 12. Research Methodology
Chapter 13. Appendix
Why should you invest in this report?
If you are aiming to enter the global endoscopy devices market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for endoscopy devices are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1095
Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and among different ventures present globally.
Call: +1 9197 992 333