According to the latest report by IMARC Group, titled “Endoscopy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global endoscopy devices market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of around 6% during the forecast period (2021-2026).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Endoscopy is a nonsurgical procedure that helps in the detailed examination of an internal organ or tissue. Endoscopy devices are flexible and long tubes that are inserted in the body through an incision or mouth to precisely study the interior of nose, esophagus, ears, throat and other parts. These equipment help in evaluating various conditions, such as stomach pain, ulcers, gastritis, digestive tract bleeding, cancerous growth in the colon, and changes in bowel habits.
A significant increase in the prevalence of cancer and gastrointestinal disorders is majorly propelling the growth of the global endoscopy devices market. In line with this, the rising preference for minimally invasive (MI) surgeries is contributing to the market growth. Since MI surgeries involve shorter hospital stays with better efficacy and significantly less postoperative complications, this is contributing to the market growth. Other factors such as technological advancements and rise in the geriatric population, are creating a positive outlook for the market.
Global Endoscopy Devices Market Trends:
The global endoscopy devices market is primarily driven by the increasing prevalence of chronic diseases, including cancer and gastrointestinal infections, that require endoscopic procedures. Besides this, these procedures include reduced post-operative pain, minimal risk of complications, rapid healing, lighter anesthesia, and a shorter hospital stay. Furthermore, rising awareness regarding the benefits associated with novel, minimally invasive (MI) endoscopy devices is resulting in their growing adoption. Besides this, the introduction of modern endoscopic devices, such as capsule endoscopes and robot-assisted endoscopy, that consist of ultra-high-definition visualization systems are propelling the market growth. Furthermore, the increasing utilization of endoscopy devices in arthroscopy, laparoscopy, bronchoscopy, and cystoscopy has escalated its demand across the globe.
Endoscopy Devices Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the endoscopy devices market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Boston Scientific Corporation
- Johnson & Johnson
- FUJIFILM Holdings Corporation
- HOYA Corporation
- Karl Storz SE & Co. KG
- Machida Endoscope Co. Ltd
- Medtronic Plc
- Olympus Corporation
- Richard Wolf GmbH
- Smith & Nephew plc
- Stryker Corporation
Key Market Segmentation:
The report has segmented the endoscopy devices market on the basis of type, application, end use and region.
Breakup by Type:
- Endoscopy Visualization Systems
- Endoscopy Visualization Components
- Operative Devices
Based on the type, the market has been segmented into endoscopes, endoscopy visualization systems, endoscopy visualization components, and operative devices.
Breakup by Application:
- Gastrointestinal Endoscopy
- Urology Endoscopy
- Gynaecology Endoscopy
On the basis of the application, the market has been classified into gastrointestinal endoscopy, urology endoscopy, laparoscopy, gynecology endoscopy, arthroscopy, and others.
Breakup by End Use:
- Hospitals and Clinics
- Ambulatory Surgical Centers
The market has been categorized based on the end use into hospitals and clinics, ambulatory surgical centers, and others.
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Boston Scientific Corporation, Johnson & Johnson International Corporation, FUJIFILM Holdings Corporation, HOYA Corporation, Karl Storz SE & Co. KG, Machida Endoscope Co. Ltd, Medtronic Plc, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew plc, and Stryker Corporation.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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