Endoscopy Devices Market to Reach US$ 62.2 Billion, Globally by 2027 at 7.5% CAGR | Boston Scientific Corporation, Johnson & Johnson, FUJIFILM Holdings Corporation and More

IMARC Group has recently released a new research study titled "Endoscopy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", the global endoscopy devices market size reached US$ 40.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 62.2 Billion by 2027, exhibiting a growth rate (CAGR) of 7.5% during 2022-2027.

Industry Outlook:

Endoscopy devices represent long and thin tubes that are inserted inside the body via incision or mouth to examine the interior of the bladder, esophagus, ears, nose, stomach, colon, throat, heart, urinary tract, joints, abdomen, etc. They have a camera and light source attached, which help healthcare professionals in performing biopsies as well as laparoscopic and arthroscopy surgeries. Presently, endoscopy devices are commonly available in several lengths and flexibilities depending on diagnostic organs. They allow operations to be performed on patients and treat complex diseases, including cancer. Consequently, endoscopy equipment are extensively utilized by doctors to examine joints, while flexible fiber-optic devices find wide-ranging applications for assessing the colon.

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Market Trends:

The rising prevalence of cancer and gastrointestinal disorders is primarily driving the endoscopy devices market. Additionally, the widespread adoption of these procedures that include minimal risk of complications, reduced post-operative pain, healing, lighter anesthesia, a shorter hospital stay, etc., is further catalyzing the market growth. Besides this, the growing utilization of endoscopy devices to investigate unusual symptoms, such as dysphagia, diarrhea, weight loss, heartburn, stool blood, etc., and the expanding pediatric population are acting as significant growth-inducing factors.

Moreover, the development of capsule or robot-assisted endoscopy devices with ultra-high-definition (UHD) visualization systems by key market players is positively influencing the global market. Apart from this, they are providing state-of-the-art video equipment and easy-to-handle light sources to support the use of endoscopy devices in microsurgical techniques, which is also augmenting the market growth. Furthermore, the escalating demand for minimal post-surgical complications is anticipated to fuel the endoscopy devices market over the forecasted period.

Key Companies:

The competitive landscape of the endoscopy devices market has been studied in the report with the detailed profiles of the key players operating in the market.

• Boston Scientific Corporation
• Johnson & Johnson
• FUJIFILM Holdings Corporation
• HOYA Corporation
• Karl Storz SE & Co. KG
• Machida Endoscope Co. Ltd
• Medtronic Plc
• Olympus Corporation
• Richard Wolf GmbH
• Smith & Nephew plc
• Stryker Corporation

Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Endoscopes
• Endoscopy Visualization Systems
• Endoscopy Visualization Components
• Operative Devices

Breakup by Application:

• Gastrointestinal Endoscopy
• Urology Endoscopy
• Laparoscopy
• Gynaecology Endoscopy
• Arthroscopy
• Others

Breakup by End Use:

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Others

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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