Global Endoscopy Devices Market growing at a CAGR of 5.1% from 2023 to 2030
Category : Healthcare | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyses that the global endoscopy devices market is growing with a CAGR of 5.1% and is expected to reach USD 42,054.36 million in 2030 from USD 28,500.00 million in 2022.
The report highlights the increasing awareness of diagnostic initiatives that is contributing to the growing demand for endoscopy devices. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Endoscopy Devices market.
Global Endoscopy Devices Market By Overview
The endoscopy devices market is bifurcated into product type, application, and end use. Based on product type, the market is segmented into rigid endoscope, flexible endoscope, capsule endoscope, and robot-assisted endoscope. In 2022, the flexible endoscope segment accounted for the highest market share in the Endoscopy Devices market. The application segment is categorized into gastrointestinal (GI) endoscopy, laparoscopy, obstetrics/gynecology endoscopy, arthroscopy, urology endoscopy, bronchoscopy, mediastinoscopy, otoscopy, laryngoscopy, and others. In 2022, based on application, the gastrointestinal (GI) endoscopy segment accounted for the highest market share. The end use segment is categorized into hospitals, ambulatory surgery centers, and others. In 2022, hospitals segment accounted for the highest market share.
Get Free SampleMarket Dynamics
Driver:
- Rising demand for minimally invasive procedures is boosting the growth of the market.
- Increasing awareness of diagnostic initiatives is driving market growth.
Restraints:
- High price of endoscopic devices serves as a major restraint for the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Rigid Endoscope, Flexible Endoscope, Capsule Endoscope, and Robot-assisted Endoscope |
| By Application | Gastrointestinal (GI) Endoscopy, Laparoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Urology Endoscopy, Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy, and Others |
| By End Use | Hospitals, Ambulatory Surgery Centers, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such Olympus Corporation, Fujifilm, Stryker Corporation, Boston Scientific Corporation have a strong market position in current market circumstances. Further, the Endoscopy Devices market is expected to witness significant growth in the coming years due to advancements in endoscopic technologies. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Olympus Corporation
- Fujifilm
- Stryker Corporation
- Boston Scientific Corporation
- Smith & Nephew Inc.
- Richard Wolf GmbH
- PENTAX Medical
- Machida Endoscope Co., Ltd.
- Cook Medical
- B Braun Melsungen AG
