Endoscopy Devices And Equipment Market Expected to Achieve 6.9% CAGR by 2029: Growth Forecast Insights

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What Is the Expected CAGR for the Endoscopy Devices And Equipment Market Through 2025?
The market size for endoscopy devices and equipment has seen significant expansion in previous years. Projected growth from $43.06 billion in 2024 to $46.06 billion in 2025 indicates a compound annual growth rate (CAGR) of 7.0%. Factors contributing to such growth during the historic period include an increase in gastrointestinal disease cases, wider acceptance of endoscopic procedures, higher healthcare spending, and a rise in medical tourism.

What's the Projected Size of the Global Endoscopy Devices And Equipment Market by 2029?
Expectations are that the market for endoscopy devices and equipment will experience robust growth in the coming years, reaching a valuation of $60.09 billion in 2029. This translates into a compound annual growth rate (CAGR) of 6.9%. Factors like an increasing elderly population, rise in chronic illnesses, growing obesity rates, and new regulatory authorizations are contributing to this predicted growth. Noteworthy trends for the forecast period include the adoption of artificial intelligence (AI) and machine learning, single-use endoscope use, advancements in visualization tech, innovations in endoscope sterilization methods, 3D imaging tech, state-of-the-art robotics tech, wireless endoscopes, dual-channel endoscopes, real-time endoscope visual systems, wireless capsule endoscopy, enhanced data management systems, and the miniaturization of endoscopes.

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Top Growth Drivers in the Endoscopy Devices And Equipment Industry: What's Accelerating the Market?
The progressive escalation of cancer and gastrointestinal ailments is anticipated to fuel the rigid endoscope market's expansion in the foreseeable future. Cancer is characterized as the unusual proliferation of cells causing organ and tissue malfunction, while gastrointestinal issues pertain to digestive system disorders. Endoscopes, utilised for the diagnosis and treatment of cancer and gastrointestinal maladies, empower healthcare professionals to view inside the patient's body, carry out biopsies, and perform minimally invasive surgeries. These procedures can potentially lead to an early detection and more efficient treatment. For example, a report released by the World Health Organization, a Switzerland-based global public health agency, stipulates that by 2050, over 35 million new cancer cases are forecasted globally, a 77% increase from the 20 million cases registered in 2022. Hence, the escalating prevalence of cancer and gastrointestinal ailments stimulates the expansion of the endoscopy devices and equipment market.

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What Trends Will Shape the Endoscopy Devices And Equipment Market Through 2029 and Beyond?
Top endoscopy devices and equipment market players are focusing on the development of technologically superior products such as gastrointestinal videoscopes that enable high-quality, live imaging of the digestive tract. Gastrointestinal videoscopes, which are medical tools utilized for diagnostic and visual operations within the gastrointestinal tract, are flexible tubes fitted with a camera that facilitates real-time imaging during endoscope-related procedures. For instance, in October 2023, Olympus Corporation, a medical technology firm from Japan, introduced their EVIS X1 endoscopy system. The system incorporates various sophisticated features intended to enhance visibility and simplify procedures. Its TXI (Texture and Color Enhancement Imaging) technology improves the identification of polyps and lesions by enhancing the texture and color of images. The system also uses RDI (Red Dichromatic Imaging) technology to improve the visibility of deep blood vessels and hemorrhage points. Furthermore, the BAI-MAC (Brightness Adjustment Imaging with Maintenance of Contrast) technology improves brightness in dark areas without overexposing lighter ones, which enhances overall visibility. It includes the Narrow Band Imaging (NBI) technology that improves the examination of vascular and mucosal patterns through certain wavelengths absorbed by hemoglobin. Also, the system's CV-1500 video system center comes with a touch-sensitive panel that simplifies procedures by enabling users to manage settings and image data from a single device. Moreover, the MyCV mode allows physicians to customize image configurations and control multiple functions using a single button on the scope.

What Are the Main Segments in the Endoscopy Devices And Equipment Market?
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

Subsegments:
1) By Endoscope: Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Surgical Endoscopes
2) By Endoscopy Operative Devices: Biopsy Forceps, Graspers, Scissors, Electrocautery Devices, Snares
3) By Endoscopy Visualization Systems: Video Endoscopy Systems, High-Definition (HD) Endoscopy Systems, Visualization Software, Light Sources, Image Management Systems

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Which Top Companies are Driving Growth in the Endoscopy Devices And Equipment Market?
Major companies operating in the endoscopy devices and equipment market include 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, Endo Gatric Solutions Inc, Endo Medical, Medtronic plc, Kimberly-Clark Corporation, Cardinal Health Inc, Abu Dhabi Medical Devices Company, Amico Group, Bridgeway Medical Systems

Which Regions Will Dominate the Endoscopy Devices And Equipment Market Through 2029?
North America was the largest region in the global endoscopy devices and equipment market in 2024. Asia-Pacific was the second largest market in endoscopy devices and equipment market. The regions covered in the endoscopy devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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