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Endotherapy Devices Market: Surging at a CAGR of 7.9%, Market Poised to Reach $6.64 Billion by 2029, Propelled by Gastrointestinal Disorders and Technological Advancements
Endotherapy Devices Market Size
What Is The Projected Market Size Of The Global Endotherapy Devices Market And Its Growth Rate?
The global endotherapy devices market is witnessing significant growth with:
• Growth from $4.63 billion in 2024 to $4.91 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%
• Expected growth to $6.64 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%
This expansion is largely attributed to rising prevalence of gastrointestinal disorders, the aging population, increased awareness and early diagnosis, favorable reimbursement policies, and global economic development.
What Is Driving The Growth In The Endotherapy Devices Market?
The escalating incidence of gastrointestinal diseases is a major catalyst for the burgeoning endotherapy devices market. With gastrointestinal ailments affecting the digestive tract from the mouth to the anus, the usage of endotherapy devices for non-invasive or minimally invasive surgical procedures for treatment and diagnosis is increasing. These devices aid in the identification of ailments like ulcers, bleeding, celiac disease, obstructions, inflammation, and tumors in the gastrointestinal tract. For instance, Cancer Australia reported an expected 2,576 new stomach cancer cases in Australia in 2023. Consequently, the prevalence of gastrointestinal diseases is a primary driver for market growth.
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Who Are the Key Players Driving Endotherapy Devices Market Growth?
Key players in the endotherapy devices market include:
• Olympus Corporation
• Boston Scientific Corporation
• Conmed Corporation
• Medtronic Plc
• Fujifilm Holdings Corporation
• Johnson & JohnsonCook Group Incorporated
• Karl Storz SE & Co. KG
• Stryker Corporation
• Taewoong Medical Co. Ltd
• Smith & Nephew Plc.
What Are The Key Trends In The Endotherapy Devices Market?
Key trends in the endotherapy devices market include:
• Advances in imaging technologies
• Integration of artificial intelligence in endotherapy
• Technological advancements in the field
• Global expansion of healthcare infrastructure
• Increased prevalence of gastrointestinal disorders
What Are The Segments Of The Global Endotherapy Devices Market?
The global endotherapy devices market is segmented by:
1) Product: Gastrointestinal Devices and Accessories, Endoscopic Retrograde Cholangio Pancreatography Devices and Accessories, Other Endotherapy Devices
2) Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuro-Endoscopy, Gastrointestinal Endoscopy, Other Applications
Which Region Leads The Endotherapy Devices Market?
North America led the endotherapy devices market in 2024, with Asia-Pacific expected to be the fastest-growing region during the forecast period. The regions examined in the endotherapy devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Endotherapy Devices Market Global Market Report?
- Market Size Analysis: Analyze the Endotherapy Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Endotherapy Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Endotherapy Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Endotherapy Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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