Press release
Endoscopy Device Market Forecasted to Expand at 7.5% CAGR, Surpassing US$ 76.15 Billion by 2029
Endoscopy Device Market
Endoscopy Device Market Overview:
In a significant development, the global Endoscopy Device Market, valued at US$ 45.90 billion in 2022, is poised to surge to approximately US$ 76.15 billion by 2029, growing at a robust CAGR of 7.5%. This growth trajectory underscores the increasing adoption of minimally invasive procedures and advancements in endoscopic technologies worldwide.
STERIS Endoscopic has emerged as a pivotal player, leveraging collaborative efforts with physicians and innovative product developments to enhance gastrointestinal (GI) endoscopy procedures. The market's expansion is further propelled by initiatives like the Multidisciplinary Endoscopic Device Committee (MEDC), aimed at optimizing supply chain management and fostering value-based care. However, challenges persist, particularly concerning stringent sterilization protocols and the risk of hospital-acquired infections due to improper endoscope reprocessing. These issues highlight the critical need for specialized training among healthcare staff and adherence to rigorous cleaning protocols to mitigate patient risks effectively.
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Endoscopy Device Market Scope and Methodology:
This report aims to deliver a thorough understanding of the Endoscopy Device market, emphasizing market-centric strategies. It identifies key trends, growth drivers, challenges, and potential opportunities. Data is collected through both primary and secondary research methods. Primary data is gathered from interviews and surveys with key industry stakeholders such as manufacturers, suppliers, distributors, customers, and experts. Secondary data is sourced from industry reports, market analyses, corporate websites, annual reports, trade journals, government publications, and databases.
The report offers a detailed analysis of the business strategies of top companies, including partnerships, mergers, acquisitions, and collaborations. A SWOT analysis evaluates the market position of these companies, highlighting strengths, weaknesses, opportunities, and threats. The Endoscopy Device market is examined using feasibility studies, investment return analyses, and Porter's Five Forces framework. Global and regional Endoscopy Device market sizes are calculated using a bottom-up approach.
Endoscopy Device Market Regional Insights:
The Regional Analysis section offers an overview of the current state of the Endoscopy Device market in each participating country. Local perspectives are vital due to the complex nature of the Endoscopy Device industry. The market is divided into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Each region's market size, growth rate, import and export details, and other specifics are examined in detail.
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Market Segmentation:
Discover how the Endoscopy Device market is segmented and gain insights into each segment's performance and growth potential.
by Product Type
• Endoscope
o Flexible
o Rigid
o capsule
• Visualization systems
o Endoscopic ultrasound
o Insufflator
by Application
• GI endoscopy
• Laparoscopy
• Cystoscopy
• Bronchoscopy
• Colonoscopy
• Arthroscop
by End-user Type
• Hospitals
• Clinics
• Others
by By Hygiene
• Single-use
• Reprocessing
• Sterilization
by Components
• Light Sources
• Insufflators
• Camera Heads
• Video Processors
• Suction Pumps
• Endoscopy High-definition monitor
The Endoscopy Device Market is divided into six applications: GI endoscopy, laparoscopy, cystoscopy, bronchoscopy, colonoscopy, and arthroscopy. GI endoscopy is likely to dominate the market throughout the projection period. Workflows and resource utilization are being optimized as a result of increased demand for clinical practice, enhanced diagnostic tools, and the availability of IT solutions. OMEs help to boost departmental efficiency by managing the entire clinical cycle for GI endoscopic treatments. The rising demand for early diagnosis of oncological and inflammatory disorders, as well as gastrointestinal (GI) endoscopic tests, will drive the endoscopy market throughout the forecast period.
Market Key Players:
Identify the leading companies and their portfolios in the Endoscopy Device market.
• Boston Scientific Corporation
• Conmed Corporation
• Cook Medical
• Covidien PLC
• Fujifilm Holding Corporation
• Hoya Corporation
• Ethicon Endo-Sugery(Johnson & Johnson)
• Medtronic PLC
• Olympus Corporation
• Stryker Corp.
• Richard Wolf GmbH
• Smith & Newphew Plc
• Intutive Surgical Inc.
• KARL STORZ GmbH & CO. KG
• Pentax Medical Corporation
• Braun Melsungen AG
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Key questions answered in the Endoscopy Device Market include:
• Who are the leading companies and what are their portfolios in the Endoscopy Device Market?
• What segments are covered in the Endoscopy Device Market?
• Who are the key players in the Endoscopy Device market?
• Which application holds the highest potential in the Endoscopy Device market?
• What are the key challenges and opportunities in the Endoscopy Device market?
• What is Endoscopy Device?
• What was the Endoscopy Device market size in 2023?
• What will be the CAGR at which the Endoscopy Device market will grow?
• What is the growth rate of the Endoscopy Device Market?
• Which factors are expected to drive the Endoscopy Device market growth?
• What are the different segments of the Endoscopy Device Market?
• What growth strategies are players considering to increase their presence in Endoscopy Device?
• What are the upcoming industry applications and trends for the Endoscopy Device Market?
• What recent industry trends can be implemented to generate additional revenue streams for the Endoscopy Device Market?
Key Offerings:
• Historical Market Size and Competitive Landscape (2018 to 2022)
• Historical Pricing and Price Trends by Region (2018 to 2022)
• Market Size, Share, and Forecast by Different Segments (2024-2030)
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - Detailed Analysis by Segment and Sub-Segment by Region
• Competitive Landscape - Profiles of Key Players by Region from a Strategic Perspective
• Competitive Landscape - Market Leaders, Market Followers, Regional Players
• Competitive Benchmarking of Key Players by Region
• PESTLE Analysis
• PORTER's Analysis
• Value Chain and Supply Chain Analysis
• Legal Aspects of Business by Region
• Lucrative Business Opportunities with SWOT Analysis
• Recommendations
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