Endoscopy Devices And Equipment Market Size, Share, Trends And Growth Report 2024 To 2033

The Business Research Company offers in-depth market insights through Endoscopy Devices And Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The endoscopy devices and equipment market size has grown strongly in recent years. It will grow from $8.37 billion in 2023 to $8.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increasing prevalence of gastrointestinal diseases, an increasing acceptance of endoscopic procedures, an increased healthcare expenditure and growth in medical tourism.

The endoscopy devices and equipment market size is expected to see strong growth in the next few years. It will grow to $11.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the rising aging population, increasing incidence of chronic diseases, growing prevalence of obesity and new regulatory approvals. Major trends in the forecast period include use of artificial intelligence (ai) and machine learning, use of single-use endoscope, enhanced visualization technology, innovations in endoscope disinfection technology, 3d imaging technology, advanced robotics technology, wireless endoscopes, dual-channel endoscopes, real-time endoscope visualization systems, wireless capsule endoscopy, improved data management systems and miniaturization of endoscopes.

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Market Segmentation:
The endoscopy devices and equipment market covered in this report 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

Major Driver - Surge In Cancer And Gastrointestinal Diseases Propels Growth Of Endoscopy Devices And Equipment Market

The increasing prevalence of cancer and gastrointestinal disorders is expected to propel the growth of the rigid endoscope market going forward. Cancer refers to the abnormal growth of the cells that leads to dysfunction of organs and tissue, whereas Gastrointestinal disorders are disorders of the digestive system. Endoscopes are used for diagnosing and treating cancer and gastrointestinal disorders, allowing clinicians to see into the patient's body, biopsy, and do minimally invasive operations that can lead to earlier diagnosis and effective treatment. For instance, in February 2022, according to the report published by World Health Organization, a Switzerland-based international organization for public health, cancer is the largest cause of mortality in the globe, accounting for over 10 million deaths in 2020, or roughly one in every six, in which breast, lung, colon and prostate cancers are the most prevalent. Therefore, the increasing prevalence of cancer and gastrointestinal disorders drives the growth of the endoscopy devices and equipment market.

Competitive Landscape:
Major companies operating in the endoscopy devices and equipment market report are Olympus Corporation, Boston Scientific Corporation, Stryker Corporation, Fujifilm, Karl Storz SE & Co. KG, Johnson & Johnson, Hoya Corporation, Cook Medical, Smith & Nephew, Conmed Corporation, Healthium MedTech, Leo Medical Co Ltd, Shanghai Aohua Photoelectricity Endoscope Co Ltd, CR Kennedy & Company, GE Healthcare, Transmed, Fisher & Paykel Healthcare India Private Limited, Agappe Diagnostics Ltd, Richard Wolf GmbH, B. Braun, Baxter, Philips, Siemens, Pentax Medical, Lenox Instrument Co, Richard Wolf Industrial, Endo Gatric Solutions Inc, Endo Medical, Medtronic plc, Kimberly-Clark Corporation, Boston Scientific, Cardinal Health Inc, Abu Dhabi Medical Devices Company, Amico Group, Bridgeway Medical Systems, Abbott Dubai and Medtronic

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Top Trend - Ensuring Safety And Compliance In The Uk's Medical Device Industry
Medicines and Healthcare Products Regulatory Agency(MRHA), a regulatory body for medical devices in the UK, is a regulatory body governing drug and device alerts, drug safety updates, blood regulation, and safety, marketing authorizations and licensing guidance, medical devices regulation, and safety and many other activities. According to safety guidelines by MRHA, the medical device manufacturing companies in the industry recall their medical devices if any problem or defect is detected. For instance, in April 2022, KARL STORZ, a German endoscopy device company, issued an urgent medical device recall notice for certain KARL STORZ flexible endoscopes after it detected issues in product description and instructions for use and potential risk of injury during the use of the device.

The Table Of Content For The Market Report 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
5. Endoscopy Devices And Equipment Market Size And Growth
…..
27. Endoscopy Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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