Endoscopy Devices Market size to grow by USD 14.04 billion from 2022-2027 | Arthrex Inc., Olympus Corp. and Johnson and Johnson are some key players in the market - Technavio
NEW YORK, Sept. 21, 2023 /PRNewswire/ -- The Endoscopy Devices Market size is projected to grow by USD 14.04 billion, accelerating at a CAGR of 7.36% during the forecast period. Companies are implementing various strategies like forming partnerships, mergers, expanding into new areas, and launching new products to improve their market position. The report also offers detailed analyses of the market's competitive landscape, featuring information on leading companies including Arthrex Inc., asap endoscopic products GmbH, B.Braun SE, Boston Scientific Corp., Conmed Corp., Cook Group Inc., Ecleris USA, FUJIFILM Corp., G.I. View Ltd., Integrated Endoscopy, IntroMedic Co. Ltd., Johnson and Johnson, KARL STORZ SE and Co. KG, LABORIE MEDICAL TECHNOLOGIES CORP., Medtronic Plc, Olympus Corp., Optim LLC, PENTAX Medical Co., Smith and Nephew plc,and Stryker Corp. To gain access to more company profiles available with Technavio, buy the report
Endoscopy Devices Market: Regional Analysis
During the forecast period, it is projected that North America will play a significant role, contributing 41% to the global market's growth. The increasing prevalence of chronic conditions like arthritis, gastrointestinal ailments, and ENT disorders is a key driver behind the market's expansion. These chronic illnesses necessitate diagnostic medical procedures like endoscopy for thorough examination and imaging of internal body structures and organs, a capability not offered by standard examinations. This, in turn, is boosting the demand for endoscopic devices. Download the sample report now
Endoscopy Devices Market: Driver & Trend
Driver - The market is experiencing growth driven by a rising demand for video endoscopy systems. These systems, equipped with camera attachments, utilize fiber optics to provide internal organ visualization, such as the stomach and esophagus. Video endoscopes represent groundbreaking technology in medical imaging, supporting the diagnosis and treatment of various conditions. As the demand for these devices grows, market players are concentrating on developing advanced video endoscopes for diverse diagnostic and therapeutic purposes. Market players, including global leaders like KARL STORZ and PENTAX, are focusing on advanced video endoscope development to cater to diverse medical applications. This technological progress, coupled with improved design and accuracy, is driving up the demand for video endoscopy systems and contributing to market expansion.
Trend - The growing popularity of capsule endoscopy is the trend in the market. This procedure entails the ingestion of a capsule, which captures images of the digestive tract. The capsule is disposable and roughly the size of a pill, equipped with a light source, transmitter, and a miniature video camera. As it travels through the digestive tract, the capsule transmits thousands of images to a recorder. Capsule endoscopy is typically recommended as a follow-up investigation if both colonoscopy and gastroscopy yield negative results.
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Endoscopy Devices Market: Segmentation
Application
- Laparoscopy
- GI
- Others
Product
- Accessories and Others
- Endoscopes
Geography
- North America
- Europe
- Asia
- Rest of World (ROW)
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What are the key data covered in this endoscopy devices market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the endoscopy devices market between 2022 and 2027.
- Precise estimation of the endoscopy devices market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of endoscopy devices market vendors.
Table of Contents:
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Sizes
- Five Forces Analysis
- Market Segmentation by Application
- Market Segmentation by Products
- Market Segmentation by Geography
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, & Trends
- Company Landscape
- Company Analysis
- Appendix
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