This report aims to provide detailed insights into the global endoscopy equipment market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Expected Revenue Growth:
"Endoscopy Equipment Market by Product (Endoscope (Flexible, Rigid, Capsule, Robot-assisted, Disposable), Visualization Systems (Video Converters, Recorders, Processors), Other endoscopic, Accessories), Application, End User - Global Forecast to 2027", is projected to reach USD 40.6 billion by 2027 from USD 28.9 billion in 2022, at a CAGR of 7.0%.
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The growth in this market is driven by Surging requirement for endoscopy to diagnose and treat target diseases, Increasing investments, funds, and grants by governments and other organizations worldwide to improve healthcare infrastructure and research areas of endoscopy and Increasing preference for minimally invasive surgeries.
Based on product, the endoscopes segment is expected to account for the largest share of the endoscopy equipment market
The endoscopes segment accounted for the largest share of the global endoscopy equipment market in the forecast period. The large share of this segment can be attributed to the rising preference of patients and doctors for minimally invasive procedures, higher adoption rate of these equipment by end users, and ongoing advancements in endoscopy technologies.
On the basis of application, gastrointestinal endoscopy segment is expected to account for the largest share of the endoscopy equipment market
Based on application, the gastrointestinal endoscopy segment accounted for the largest share of the endoscopy equipment market in the forecast period. This segment is also expected to witness the highest CAGR of 7.8% during the forecast period. The highest growth rate of this segment can be subjected to the increasing geriatric population in Asia Pacific region, rising incidence of colorectal cancer (CRC) in younger adults in US and Canada, which leads to growing screening using GI endoscopy of the target population for CRC screening.
Based of end user, hospitals segment holds the highest market share in the endoscopy equipment market
Based on end user, the hospitals segment is likely to dominate the endoscopy equipment market during the forecast period owing to the increasing government and private funding in the healthcare sector, rising adoption of endoscopy equipment in hospitals, as well as the greater availability of skilled healthcare professionals and technologically advanced facilities.
Based on Region, North America to dominate the endoscopy equipment market during the forecast period
The endoscopy equipment market in North America dominated the endoscopy equipment market in the forecast period. The largest share of North America in the global market is attributed to increased prominence of IBD, high investments by hospitals to purchase new endoscopic equipment for screening of cancers, polyps and other indications, as well as the implementation of a new funding model by Canadian hospitals.
Key Players:
- Olympus Corporation (Japan),
- KARL STORZ SE & Co. KG (Germany),
- Stryker Corporation (US),
- Boston Scientific Corporation (US),
- JOHNSON & JOHNSON (US),
- Fujifilm Holdings Corporation (Japan),
- Medtronic Inc. (Ireland),
- Hoya Corporation (Japan),
- Nipro Corporation (Japan),
- Smith & Nephew Plc (UK),
- Richard Wolf GmbH (Germany),
- ConMed Corporation (US),
- Intuitive Surgical, Inc. (US)
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