The Future of Endoscopy Devices Industry: Transforming Medical Diagnostics

Posted on 2023-10-25 by researchinsights in Healthcare, Industrial, Pharmaceuticals, Technology // 0 Comments

Endoscopy Devices Industry Data Book – Endoscopes, Endoscopy Visualization System, Endoscopy Visualization Component and Operative Devices Market Size, Share, Trends Analysis and Segment Forecasts, 2023 – 2030

Grand View Research’s endoscopy devices industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research along with an endoscopy devices statistics e-book.

Access the Global Endoscopy Devices Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Endoscopes Market Report Highlights

The global Endoscopes Market size was valued at USD 18.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% from 2023 to 2030.

The flexible product segment held the largest revenue share in 2022 owing to its unique features, such as the ability to reach viscera & cavities, better safety & efficiency, and improved ergonomic features
In terms of end-use, outpatient facilities accounted for the highest revenue share in 2022 due to the widespread adoption of keyhole or minimally invasive surgeries across these facilities
North America dominated the market in 2022 owing to various factorsincluding the increasing burden of functional gastrointestinal disorders, improved healthcare infrastructure, and the growing preference for minimally invasive surgeries to curb healthcare spending

Order your copy of Free Sample of “Endoscopy Devices Industry Data Book – Endoscopes, Endoscopy Visualization System, Endoscopy Visualization Component And Operative Devices Market Size, Share, Trends Analysis And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Endoscopes Visualization System Market Size, 2020 – 2030 (USD Billion)

Endoscopy Visualization System Market Report Highlights

The global Endoscopy Visualization System Market size was valued at USD 16.7 billion in 2022 and is expected to grow at compound annual growth rate (CAGR) of 6.8% from 2023 to 2030.

The growth is attributed to the increasing prevalence of colorectal cancer, gastrointestinal disorders, pancreatic abnormalities, and urological, gynecological, and respiratory issues are likely to drive market expansion.
Colorectal cancer is the third most prevalent cancer in males and the second most common disease in women, according to the World Cancer Research Fund.
Furthermore, the WHO predicts that the number of new colon cancer cases will rise from 1.15 million in 2020 to 1.51 million by 2030.

Go through the table of content of Endoscopy Devices Industry Data Book to get a better understanding of the Coverage and Scope of the study

Competitive Landscape

Increasing demand for endoscopy devices is increasing competition in the market and, thus, forcing key players to introduce new products in the market. Additionally, it is projected that rising industry consolidation activities, such as acquisitions and mergers by the leading market participants, as well as expanding efforts in R&D of endoscopy device applications by key players, are also expected to boost the market share. For instance, in April 2021, Medtronic plc announced U.S. FDA de novo clearance for its intelligent endoscopy module, GI Genius, in the U.S. The module is capable of detecting colorectal polyps by using an AI-powered computer-aided detection system.

Key players operating in the Endoscopy Devices Industry are:

Karl Storz GmbH & Co. KG
Smith & Nephew Inc.
Richard Wolf GmbH
Medtronic Plc (Covidien)
PENTAX Medical
Machida Endoscope Co., Ltd

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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