Endoscopy Devices And Equipment Market Report 2023-2032: Market Size, Growth Drivers And Industry Analysis | Olympus Corporation, Fujifilm, Boston Scientific Corporation, Conmed Corporation, Stryker Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Endoscopy Devices And Equipment Global Market Report 2023 identifies rise in incidence and prevalence rates of gastrointestinal (GI) diseases as the major driver for the Endoscopy Devices And Equipment market's growth in the forecast period. The increasing incidence of gastrointestinal diseases such as colorectal cancer, gastroesophageal reflux disease, ulcerative colitis (UC), inflammatory bowel disease (IBD), and Crohn's disease (CD) are supporting the endoscopy devices and equipment market.

The global endoscopy devices and equipment market size will grow from $7.9 billion in 2022 to $8.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the endoscopy devices and equipment is expected to grow to $10.94 billion in 2027 at a CAGR of 6.5%.

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Major competitors in the Endoscopy Devices And Equipment market are Olympus Corporation, Fujifilm, Boston Scientific Corporation, Conmed Corporation, Stryker Corporation.

A key trend in the Endoscopy Devices And Equipment market includes Regulatory changes. These changes are related to customer data protection such as the European Union's General Data Protection Regulation (GDPR), changes to equipment approval procedures, and other regulatory changes. For instance, according to Dr. Fazal data 2020, 92% of working at an enterprise (over 1,000 employees) expect GDPR compliance to cost their business over $50,000. About 44% of the companies spend more than $50,000 and about 10% spend over a million dollars. according to a report by Ernst and Young (EY), Fortune 500 companies are spending $7.8 billion to comply with GDPR. The GDPR is an EU law on the data protection and privacy of individuals residing in the European Union and the European Economic Area (EEA). It also regulates the export of personal data outside the EU and EEA areas. Additionally, the FDA is requesting more clinical data to support claims, therefore increasing the time to process 510(k) by over 55% over the last decade. The potential loss of revenue due to delay in product release and additional costs incurred due to stringent approval processes puts strain on investments relating to new product development, thereby affecting the growth of the market.

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The Endoscopy Devices And Equipment market is segmented -

1. By Product: Endoscope, Endoscopy Operative Devices , Endoscopy Visualization Systems
2. By Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology endoscopy, Neuroendoscopy, Gastrointestinal endoscopy, Obstetrics/gynecology endoscopy, ENT endoscopy, Other Applications
3. By End-User: Hospitals, Clinics, Other End Users
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Endoscopy Devices And Equipment market.

The Business Research Company's "Global Endoscopy Devices And Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Endoscopy Devices And Equipment Market Include:

1. Executive Summary
2. Endoscopy Devices And Equipment Market Characteristics
3. Endoscopy Devices And Equipment Market Trends And Strategies
4. Endoscopy Devices And Equipment Market - Macro Economic Scenario

27. Endoscopy Devices And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Endoscopy Devices And Equipment Market
29. Endoscopy Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix

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