The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Endoscopy Equipment Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Endoscopy Equipment Industry (2024-2030):
According to the latest report, The Endoscopy Equipment Market size is valued at around USD 29.81 billion in 2023 and is estimated to grow at a CAGR of about 7.12% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Endoscopy Equipment industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR (2024-2030): 7.12%
- Market Value (2023): USD 29.81 Billion
What are the major Driver the Endoscopy Equipment industry?
Growing Preference for Minimally Invasive Surgeries for Chronic Disorders – The demand for endoscopy equipment has been experiencing a substantial surge owing to a rise in minimally invasive surgeries. This is mainly due to the growing awareness among patients grappling with a range of health issues, such as orthopedic disorders, neurological conditions, GERD, cancer, and others. Due to this, patients are increasingly inclined towards minimally invasive surgical (MIS) procedures as they offer numerous advantages, such as reduced postoperative discomfort, quicker recovery times, and shorter hospital stays. These benefits enhance the effectiveness of treatments and provide more cost-efficient and safer treatment compared to conventional open surgeries.
Consequently, there is a rapid demand for endoscopic equipment. This heightened demand is fueled by the need to diagnose and treat the substantial patient population dealing with chronic disorders, hence collectively enhancing the Global Endoscopy Equipment Market size during 2024-30.
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Endoscopy Equipment Market Segmentation
The Endoscopy Equipment Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product
- Endoscopes- Market Size & Forecast 2019-2030, USD Million
- Rigid- Market Size & Forecast 2019-2030, USD Million
- Flexible- Market Size & Forecast 2019-2030, USD Million
- Capsule- Market Size & Forecast 2019-2030, USD Million
- Disposable- Market Size & Forecast 2019-2030, USD Million
- Robot-assisted- Market Size & Forecast 2019-2030, USD Million
- Visualization System- Market Size & Forecast 2019-2030, USD Million
- Endoscopic Camera- Market Size & Forecast 2019-2030, USD Million
- Standard Definition (SD) Visualization System- Market Size & Forecast 2019-2030, USD Million
- High Definition (HD) Visualization System- Market Size & Forecast 2019-2030, USD Million
- Accessories- Market Size & Forecast 2019-2030, USD Million
- Others (Fluid Flushing Device, Valves, etc.)- Market Size & Forecast 2019-2030, USD Million
- By Application
- Gastrointestinal (GI) Endoscopy Equipment- Market Size & Forecast 2019-2030, USD Million
- Laparoscopy- Market Size & Forecast 2019-2030, USD Million
- Obstetrics/Gynecology Endoscopy Equipment- Market Size & Forecast 2019-2030, USD Million
- Arthroscopy- Market Size & Forecast 2019-2030, USD Million
- Urology Endoscopy Equipment (Cystoscopy)- Market Size & Forecast 2019-2030, USD Million
- Bronchoscopy- Market Size & Forecast 2019-2030, USD Million
- Others (ENT Endoscopy Equipment, Neuro Endoscopy Equipment, etc.)- Market Size & Forecast 2019-2030, USD Million
- By End User
- Hospitals- Market Size & Forecast 2019-2030, USD Million
- Ambulatory Care Centers- Market Size & Forecast 2019-2030, USD Million
- Specialty Clinics- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Endoscopy Equipment Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Endoscopy Equipment Market
Arthrex Inc., B Braun Melsungen, Boston Scientific Corporation, CONMED Corporation, Ethicon Endo-Surgery, LLC (Johnson & Johnson), FUJIFILM Holdings Corporation, Intuitive Surgical, Inc., Karl Storz SE & Co. KG, Machida Endoscope Co., Ltd., Medtronic Plc (Covidien), Olympus Corporation, PENTAX Medical (HOYA), Richard Wolf GmbH, Smith & Nephew Plc, Stryker Corporation, and others
Global Endoscopy Equipment Industry Recent Development:
2023, Karl Sortz acquired AventaMed, with the aim of becoming a cutting-edge collaborator for ENT surgeons in their pursuit of advanced endoscopic treatments, thus empowering various healthcare facilities to provide more effective solutions for their patients
2023, Fujifilm Holdings Corporation announced the expansion of its endoscopy solutions portfolio by unveiling the Clutch Cutter and Fush Knife in India.
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