Endoscopy Equipment Market Growth, Trends, Revenue, Business Challenges and Future Share 2030: MarkNtel Advisors

Market Insights

As per recent research by MarkNtel Advisors, The Global 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.

Global Endoscopy Equipment Market Driver:

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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Market Segmentation and Consumer Behavior:

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

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Endoscopy Equipment Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Key Players and Competitive Strategies in the Endoscopy Equipment Market

Several prominent players dominate the Endoscopy Equipment Market, including:

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

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Questions Addressed in this Study

1.What factors are driving the Endoscopy Equipment Market growth?

2.How is the Endoscopy Equipment Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Endoscopy Equipment Market?

4.What is the current size of the Endoscopy Equipment Market, and how is it projected to change in the future?

6.What is the future outlook for the Endoscopy Equipment Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.