Endoscopy Devises Market: Global Opportunity Analysis and Industry Forecast, 2022-2028 | CAGR 6.42% With USD 46.70 Billion By 2028| IMR

Market Overview

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%.

Endoscopy is a minimally invasive medical treatment used to diagnose, prevent, and treat visceral organ-related problems. This procedure uses endoscopes to inspect inner hollow organs or bodily cavities. In the case of arthroscopy, these devices are either inserted through natural holes or cavities (such as the anus and mouth) or through incisions. Many additional components, such as a camera or light source at the endoscope's tip, assist physicians or medical professionals (endoscopists) in analyzing internal organs of interest. Endoscopy can be used to examine digestive system symptoms such as nausea, vomiting, stomach pain, difficulty swallowing, and gastrointestinal bleeding.

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• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Dynamics

Driver
The market for endoscopy devices is primarily driven by an increase in the preference for minimally invasive endoscopic operations and an increase in the global elderly population. A rise in the incidence of urological, gastrointestinal, respiratory, and gynecological illnesses that require endoscopic procedures for optimal treatment & diagnosis is also driving the market for endoscopes. Increased usage of endoscopes and visualization systems in the healthcare business, together with technological breakthroughs in the same field, contributes further to the expansion of the market.

Opportunity
Many endoscopic equipment manufacturers are currently establishing operations in Asia-Pacific, the Middle East, and Latin America. Stryker and KARL STORZ have already established their production and R&D centers in these nations. In addition, market saturation in developed regions such as North America and Europe will force manufacturers of endoscopic equipment to concentrate on emerging markets in the future years. Research and development (R&D) of new endoscopic technologies (such as augmented reality) is projected to give enterprises in the global market great growth opportunities.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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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.

Depending on the application, the gastrointestinal endoscopy is anticipated to lead the endoscopy devices market over the projected period.

Depending on the type of usage, the single-use segment is anticipated to have the highest CAGR in the forecast period.

Depending on end-users, the hospital segment is projected to have the highest share of the endoscopy devices market.

By Type
• Endoscopes
• Endoscopic Operative Device
• Visualization Equipment

By Application
• Gastroenterology
• Pulmonology
• Cardiology
• ENT Surgery
• Others

By Usage Type
• Single Use
• Reprocessing

Recent Developments in Endoscopy Devices Market:
In June 2021, Ethicon, a subsidiary of Johnson & Johnson Medical Devices Companies, introduced its new product ENSEAL X1 Curved Jaw Tissue Sealer in the market. This new advanced bipolar device exhibits separate seal and cuts capabilities, and a 360-degree continuous shaft rotation that helps the surgeon to easily access targeted tissue.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Endoscopy Devices market are :
• B. 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)

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