The size of the endoscope market will exceed US$ 25.25.4 billion by

Ottawa, April 8, 2022 (GLOBE NEWSWIRE) — Precedence Research recently announced a new report on “Endoscope Market – Global industry analysis, size, share, growth, trends, regional outlook and forecast 2022 – 2030”.

Endoscopy is a minimally invasive medical treatment to prevent, diagnose, and treat problems with the body’s organs. Endoscopes are used to look inside hollow organs and body cavities during treatment. These devices are inserted into the body through natural orifices and cavities or incisions, especially in the case of arthroscopy.

Many tools and equipment are used during endoscopy to ensure a safe and successful procedure. One such tool is endoscopes. Gynecologists, cardiologists, gastroenterologists, hepatologists, neurologists, and liver transplant surgeons are the most common users of endoscopes.

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In addition, the advent of endoscopic operations such as endoscopic sleeve gastroplasty is likely to drive the growth of the endoscope market during the projection period. Stitches are commonly used in endoscopic surgeries to help with organ remodeling. As a result, an increase in the demand for endoscopic surgeries is likely to increase the demand for endoscopes in the market.

regional snapshot

North America is the largest segment for the endoscope market in terms of region, due to improved healthcare infrastructure, increased acceptance of new technology, and growing demand for minimally invasive surgeries to reduce healthcare costs.

The Asia-Pacific region is the fastest growing region in the endoscope market. This is attributed to the great need for endoscopic technology in this region. Improving healthcare infrastructure and a growing elderly population are key factors driving regional market expansion.

Scope of the report Details
Market size in 2021 $11.99 billion
Growth rate from 2022 to 2030 CAGR of 8.62%
North America Market Share 2021 41%
Hospital segment market share 2021 48.1%
Covered Companies Karl Storz GmbH & Co. KG, Olympus Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Conmed Corporation, Medtronic Plc, Hoya Corporation, Stryker Corporation, Johnson & Johnson, and Smith & Nephew Plc

Report Highlights

  • Based on the product, the flexible endoscope segment dominated the global endoscope market in 2021 with the largest market share of 47%. This is due to the growing preference of healthcare professionals for flexible endoscopes, technological advances, increased efficiency and safety, and the ergonomic features of flexible endoscopes.
  • Based on application, the gastrointestinal endoscopy segment dominated the global endoscope market in 2021 with the largest market share of 51%, due to the higher prevalence of gastrointestinal diseases and the growing geriatric population.
  • Based on end use, the hospital segment dominated the global endoscope market in 2021 with the largest market share of 48.1%. This is attributed to favorable reimbursement policies and the wide acceptance and use of endoscopes in hospital systems.

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market dynamics

drivers

Increased prevalence of chronic diseases

The increasing prevalence of chronic diseases, the development of endoscopy technologies, and expanded support and coverage for endoscopic screening and care all contribute to the global demand for endoscopes. Additionally, the growing geriatric population worldwide is having a significant impact on the demand for endoscopes. Older people are more vulnerable to health problems such as eye disorders, gastrointestinal problems, orthopedic diseases, cancer and others due to lower immunity, which complicates medical and treatment options. The growth of the endoscope market is being driven by an increased preference for global and minimally invasive endoscopic procedures.

restrictions

Shortage of trained health professionals

Endoscopy physicians and surgeons are in short supply worldwide. This shortage of trained endoscopy professionals is expected to be felt in developing countries as well. To prevent the spread of infection in endoscopy facilities, trained professionals are required to perform endoscopy procedures effectively. The global shortage of qualified doctors, physicians, and nurses is expected to have an adverse effect on the number of endoscopy procedures performed each year. As a result, the shortage of trained healthcare professionals is hampering the growth of the endoscope market during the forecast period.

Opportunities

Increased need for endoscopy

Endoscopy procedures are minimally invasive surgeries that are performed through one or more small incisions with the help of tiny tubes, tiny cameras, and surgical instruments. Endoscopy procedures have several advantages, including less pain, a shorter or no hospital stay, and fewer complications associated with pre- and post-surgery care. As a result, these procedures are less expensive, more effective, and safer than traditional open surgeries. . Also, in developed countries, these procedures are covered by health insurance providers. These factors contribute to the strong patient and physician preference for endoscopy procedures. Endoscopy is increasingly used to diagnose and treat a variety of major diseases, including cancer, orthopedic disorders, neurological disorders, and gastroesophageal reflux disease. As a result, the increasing prevalence of chronic diseases such as cancer and cardiovascular disease is expected to increase the demand for endoscopy procedures. Therefore, the increasing need for endoscopy is creating lucrative opportunities for endoscope market growth during the forecast period.

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challenges

Strict government regulations

Endoscopy-related illnesses and complications can impact business development. Policy changes are likely to increase the costs of developing new products and providing services to consumers. The potential loss of sales as a result of the delayed product launch, as well as higher expenses paid as a result of stringent approval procedures, put pressure on investments in new product development, limiting market growth.

Market segmentation

by product

  • flexible endoscopes
    • bronchoscopes
    • laryngoscopes
    • sigmoidoscopes
    • Upper gastrointestinal endoscopes
    • duodenoscopes
    • colonoscopes
    • pharyngoscopes
    • Nasopharyngoscopes
    • Other
  • capsule endoscopes
  • Robotic-Assisted Endoscopes
  • rigid endoscopes
    • urology endoscopes
    • laparoscopes
    • arthroscopes
    • cystoscopes
    • neuroendoscopes
    • Other
  • Disposable Endoscopes

per application

  • arthroscopy
  • Urology Endoscopy
  • laparoscopy
  • Gastrointestinal (GI) Endoscopy
  • bronchoscopy
  • mediastinoscopy
  • Gynecology Endoscopy
  • otoscopy
  • laryngoscopy
  • Other apps

By end use

  • Ambulatory Surgery Centers
  • hospitals
  • Other

By regional perspective

  • North America
  • Europe
  • Pacific Asia
    • Porcelain
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • Latin America

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