Endoscopy Devices Market report by size,
share, application, and geography – global forecast to 2028 is a professional
and in-depth research on the world’s major regional Endoscopy Devices market
conditions, segmentation, key manufacturers and driving factors.
The global endoscopy devices market is expected to display
higher growth rate over the forecast period. Rapid surge in the market is
credited to the rising geriatric population and growing prevalence of diseases
that requires endoscopy for diagnosis & treatment. Rise in the number of
minimally invasive surgeries (MIS) performed each years is expected to drive
the growth of the market over the forecast period. Globally, endoscopy devices
market is predicted to generate massive revenue over the upcoming years,
providing numerous opportunities for industry participants to invest in
research and development of endoscopy devices.
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Use of endoscopy devices such as laparoscopy, cystoscopy,
and bronchoscopy in various medical treatments involving minimally invasive
surgeries (MIS) is bolstering market demand in the past few years. Growing
preference towards minimally invasive surgeries (MIS) is credited to fewer
traumas to patients and quicker recovery. In addition, minimally invasive
surgeries (MIS) are increasingly preferred over open invasive surgeries due to
their cost-effectiveness. Use of endoscopy devices in minimally invasive
surgeries (MIS) offer advantages such as higher patient satisfaction,
comparatively lower hospital stay, financial viability, and reduction in
post-surgery complications.
Growing prevalence of cancer is considered as the key
factors driving the growth of endoscopy devices market over the forecast
period. Different endoscopy procedures including laryngoscopy, upper endoscopy,
and colonoscopy are considered vital for diagnosis of cancer. Moreover,
prevalence of obesity among millennial population and launch of endoscopic
bariatric surgeries are projected to escalate industry expansion in the near
future. Consumer shift towards preventive healthcare is fueling the demand for
bariatric surgeries. Endoscopic approach towards bariatric surgeries is deemed
as a secure and cost efficient solution, and ideal alternative to traditional
bariatric surgeries.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in implementation of latest technologies in
healthcare sector, surge in number of research & development activities and
existence of well-established infrastructure in the region. In European region,
Germany, France, and United Kingdom are projected to witness steady growth due
to the rising awareness related to endoscopy among general public and
increasing disposable income.
Asia-Pacific region is estimated to hold a major share in
the endoscopy devices industry with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with and significant investment by leading industry players considering
potential growth opportunities in the region.
The key players in the endoscopy devices market are Olympus
Corp., Fujifilm Holdings Corp., Richard Wolf GmbH, Karl Storz GmbH & Co.,
KG, HOYA Corp., Boston Scientific Corp., CONMED Corp., Stryker Corp., and Smith
& Nephew plc.
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Market Segment:
Leading players of
Endoscopy Devices including:
• Olympus
• Fujifilm
• Medtronic
• Karl Storz
• Hoya
• Stryker
Market split by Type,
can be divided into:
• Flexible Endoscopes
• Rigid Endoscopes
• Capsule Endoscopes
Market split by
Application, can be divided into:
• Hospitals
• Clinics
• Ambulatory Surgery Centers
Market split by Sales
Channel, can be divided into:
• Direct Channel
• Distribution Channel
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