The Global Endoscope Market is valued at USD 15.27 Billion in 2021 and is expected to reach USD 27.57 Billion by 2028 with a CAGR of 8.81% over the forecast period.
Endoscope Market Increasing government initiatives towards healthcare infrastructure coupled with the rising prevalence of chronic diseases are key factors responsible for the growth of the Market.
The forecast period 2022-2028 is expected to show noticeable growth in global Endoscope Market. There will be a new resurgence in the sales and utilisation of Endoscope. Are you ready to cope up with the growing market? No, then have a look at our report overview and send your query to us.
Endoscopy is nonsurgical procedure used to operate and examine body organs. With the help of endoscope, light and camera doctors can view digestive tract and other body organs. Endoscopy is used in vomiting, gastrointestinal bleeding, abdominal pain, etc. It is also used diagnose medical conditions anaemia, bleeding and cancer of the digestive system.
Endoscope is described as a type of medical instrument used to facilitate endoscopic procedures. It is a long thin tube attached with light and micro camera to observe a person’s internal organ or tissue in depth. The equipment is passed through the throat of a person along the length of the oesophagus to get an overview of the digestive tract. Endoscopy is predominantly used to find out the exact cause behind the occurrence of ailments and conditions such as diarrhoea, inflammation, anaemia, gastrointestinal diseases, and internal bleeding, among others.
The rising prevalence of digestive disorders, escalating demand for minimally invasive medical procedures and rapid technological innovations in the sector are aiding the expansion of this industry vertical.
Further, increasing need for early disease diagnosis, rise in the geriatric population base, along with growing R&D investments are creating lucrative opportunities for this marketplace to garner significant returns.
Moreover, growing healthcare expenditure, changing lifestyle habits of the people, and increasing health awareness are stimulating the overall dynamics of Global Endoscope Market.
Our report studies global Endoscope market and covers historical and forecast data for application, regional and country.
Along with these leading players, there are number of other small and mid-sized players who are coming with huge investment and innovative product launch in the Artificial Organs industry.
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
• Saudi Arabia
• South Africa
• Rest Of MEA
The growth of this industry vertical is being accelerated by a wide array of factors. Among which, the rising prevalence of chronic diseases takes the primary spot.
Besides, there has been a growing pervasiveness of gastrointestinal ailments worldwide. It is mostly credited to the unhealthy dietary trends of the population. The rapid urbanization and industrialization have impacted the lifestyle of the people in various ways. Hectic work schedules and long commute hours have pushed individuals to opt for ready-to-eat and processed food items since they are left with no time to prepare healthy meals. This is leading to the occurrence of several gastrointestinal diseases. This in turn is stimulating the overall dynamics of this business vertical.
Minimally invasive surgical and diagnosis procedures are being widely preferred among the masses. This is due to the safety and effectiveness associated with such procedures. This has escalated the demand for endoscopes across a wide array of regions.
Also, rapidly evolving healthcare infrastructure, favourable medical reimbursement scenario, and growing focus of industry players to develop advanced endoscopy devices are adding momentum to the progression of the Global Endoscope Market.
Considering the geographical frame of reference, North America presently captures a substantial revenue share. This is attributable to the increasing prevalence of ailments such as cancer, obesity, and gastrointestinal infections along with the rising geriatric population base in the region.
Also, increasing healthcare expenditure, surging health cognizance of the masses, and the presence of key players are pushing this regional industry to gather a major revenue chunk.
The Endoscope Market in Asia Pacific is reckoned to garner substantial returns over the forecast duration. This is primarily attributable to the growing prevalence of gastrointestinal diseases triggered by unhealthy dietary trends of the masses. Besides, surge in the geriatric population base, rising healthcare expenditure, along with the rapidly evolving medical infrastructure across various APAC nations are fuelling industry expansion. It is further worth noting that the citizens pertaining to these regions are opting for minimally invasive diagnosis and treatment procedures due to their safety and efficacy. This is another growth catalyst for this regional market. Lastly, widespread technological advancements, rising R&D investments, and the emergence of potential players in this sector are creating profitable progression opportunities for APAC Endoscope Market.
Flexible endoscopes are gaining immense traction over the forecast duration. These instruments are being adopted by physicians for the facilitation of various surgical procedures. Flexible endoscopes are highly efficient, safe, and cost effective in nature. Moreover, they enable healthcare professionals to conduct medical procedures such as laparoscopy, bronchoscopy, and mediastinoscopy by putting the patient under sedation. These are some of the primary factors augmenting the outlook of the overall market vertical.
Major invasive surgeries bring about a lot of potential side effects in patients. Post-surgical pains, internal bleeding, and risks of infections are generally associated with invasive surgical procedures. This has shifted the inclination of the masses towards minimally invasive surgeries which come with lesser threats of side effects. The use of endoscopes in various surgical applications not only reduces the duration of hospital stays for patients but also ensure faster recovery. This is positively swaying the dynamics of the Global Endoscope Market.
The older adults are highly prone to a wide array of chronic ailments. Inability to consume proper diet and weakened immune system are the factors that increase the susceptibility of the geriatric population to a wide array of diseases. Moreover, invasive surgical methods can pose high threats of side effects in them. Hence, the use of endoscopic devices to facilitate diagnosis and treatment of target diseases is a viable option for the geriatric population. This in turn is creating lucrative remuneration scope for this market.
|2015 - 2020
|2021 - 2028
|Market Size in 2021:
|USD 15.27 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 27.57 Billion
|Tables, Charts & Figures:
|Organic Fertilizer Companies
|Artherx Inc., Boston Scientific Corporation, Conmed Corporation, Cook Medical, Covidien PLC, Fujifilm Holding Corporation, Hoya Corporation, Ethicon Endo-Surgery (Johnson & Johnson), Medtronic PLC, Olympus Corporation, Ambu A/S, PENTAX Medical, Stryker, Karl Storz GmbH & Co., KG, Richard Wolf Medical Instruments
|By Product Type, By Application Type, By End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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