Endoscopy Equipment Market is estimated to reach USD 54.42 billion by 2030 : Cognitive Market Research

Market Overview:
What is Endoscopy Equipment?
- Endoscopy equipment refers to medical devices that are used to examine the inside of the body, particularly the gastrointestinal tract, respiratory system, and other organs. They typically include a flexible or rigid tube with a camera and light source attached to it, which is inserted into the body to allow doctors to see and diagnose any abnormalities. Endoscopy equipment has advanced significantly in recent years, with many devices now incorporating high-definition cameras, advanced imaging technologies, and even robotic systems to assist with procedures. These advancements have helped to improve the accuracy of diagnoses and the overall safety and effectiveness of endoscopic procedures.

Summary:
- The Global Endoscopy Equipment market size stood at USD 28.96 billion in 2022 and will touch the mark of USD 54.42 billion by 2030. The global market is expected to expand at a CAGR of 7.0% between 2023 and 2030.

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Market Dynamics:
- What are the driving factors for the Endoscopy Equipment market?
The increasing prevalence of gastrointestinal disorders, such as colon cancer, inflammatory bowel disease, and gastroesophageal reflux disease (GERD), is driving the demand for endoscopy equipment. Endoscopy is considered to be one of the most effective diagnostic tools for such conditions. The development of advanced endoscopy equipment with high-definition cameras, improved imaging technologies, and advanced software is driving the growth of the endoscopy equipment market. These advancements have improved the accuracy of diagnoses and the overall safety and effectiveness of endoscopic procedures.
There is a growing demand for minimally invasive procedures, as they offer several benefits over traditional surgical procedures, such as shorter hospital stays, faster recovery times, and lower healthcare costs. Endoscopy equipment is a key component of many minimally invasive procedures.

Endoscopy Equipment Market Segmentation
Type
• Endoscope (Flexible Rigid Capsule)
• Visualization Systems
• Endoscopic Ultrasound
• Insufflator

Application
• Gastrointestinal (GI) Endoscopy
• Laparoscopy
• Obstetrics/Gynecology Endoscopy,
• Arthroscopy
• Urology Endoscopy (Cystoscopy)
• Bronchoscopy,
• Mediastinoscopy
• Otoscopy
• Laryngoscopy
• Others Applications
Based on applications, the market is segmented into Gastrointestinal (GI) Endoscopy, Laparoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Urology Endoscopy (Cystoscopy), Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy, and Others Applications. Gastrointestinal (GI) Endoscopy or GI endoscopy is the most common application of endoscopy equipment, accounting for the largest market share globally. The growing prevalence of GI disorders, such as colorectal cancer, inflammatory bowel disease, and GERD, is driving the demand for GI endoscopy procedures.

The Major Players in Endoscopy Equipment Market are:
Olympus, Karl Storz, Stryker, Boston Scientific, Ethicon, Fujifilm, Medtronic, Hoya, Smith & Nephew, Richard Wolf GmbH, Cook Medical, Cogentix Medical, B.Braun

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Regional Analysis:
- Which region is dominating the global Endoscopy equipment market?
On the basis of region, North America is dominating the global endoscopy equipment market. North America is one of the largest markets for endoscopy equipment globally, accounting for a significant share of the global market. The United States is the largest market for endoscopy equipment in North America, with factors such as healthcare infrastructure, disease prevalence, and healthcare expenditure driving the market growth. The rising incidence of gastrointestinal diseases, such as colon cancer, inflammatory bowel disease, and gastroesophageal reflux disease (GERD), is driving the demand for endoscopy equipment. According to the American Cancer Society, colon cancer is the third most common cancer in both men and women in the United States.

Endoscopy Equipment Industry News
• Ground-Breaking SIRIUS Endoscope System Is Leading the Next Minimally Invasive Surgical Revolution (November 2022)
Founded in 2017 and based in Hong Kong Science Park, an innovative robotic start-up company, Precision Robotics (Hong Kong) Limited (PRHK), has entered a significant milestone with its revolutionary flagship product-SIRIUS Endoscope System. The SIRIUS system is a fully integrated 3D HD compact camera system with a single-use flexible tip that can change its viewing direction. It is intended for advanced laparoscopic procedures, such as Single Incision Surgeries and Natural Orifice Transluminal Endoscopic Surgeries

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Endoscopy Equipment Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Endoscopy Equipment Market Segmentation
1.5.1 Endoscopy Equipment Market Regional Fragmentation
1.5.1 Endoscopy Equipment Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Endoscopy Equipment Market
• 3.1 Global Endoscopy Equipment Market Size 2018 - 2030, (USD Million)
• 3.2 Global Endoscopy Equipment Value, Absolute & Opportunity Analysis
• 3.3 Global Endoscopy Equipment Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Endoscopy Equipment Market Statistics 2022: Snapshot
Chapter 4 Global Endoscopy Equipment Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Endoscopy Equipment Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Endoscopy Equipment Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Endoscopy Equipment Market Regional Analysis
Chapter 12 North America Endoscopy Equipment Market Outlook (2018 - 2030)
Chapter 13 Europe Endoscopy Equipment Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Endoscopy Equipment Market Outlook (2018 - 2030)
Chapter 15 Latin America Endoscopy Equipment Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Endoscopy Equipment Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

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