Dublin, Nov. 22, 2023 (GLOBE NEWSWIRE) — The “Endoscopy Devices Market Size, Share & Trends Analysis Report By Product (Endoscopes, Flexible Endoscopes), By End-use (Hospitals, Outpatient Facilities), By Region, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering.
The global endoscopy devices market size is estimated to reach USD 90.2 billion by 2030. The market is projected to grow at a CAGR of 7.5% from 2023 to 2030.
The growing adoption of minimally invasive endoscopic procedures by medical professionals to examine the esophagus, colon, and stomach and its application to perform biopsies and sclerotherapy are some of the factors boosting the market growth. In addition, the increasing trend of adopting disposable endoscopes to reduce the chances of cross-contamination is also anticipated to fuel the growth of the market over the forecast years.
In 2022, based on product, the endoscopes segment held the highest revenue share of 36.9% of the market. Growing awareness and rising adoption rate of endoscopes across various diagnostic and therapeutic procedures are driving the market growth of endoscopes. In addition, endoscopes aid in the diagnosis of complex disease conditions such as cancer, GI disorders, urinary disorders, and lung disorders.
Based on end-use, the outpatient facilities segment dominated the market in 2022 owing to the growing preference for minimally invasive procedures to lower overall cost and reduce the number of days of hospital stays which in turn is anticipated to drive the growth of the segment. In addition, faster recovery time, and minimal discomfort due to the use of less invasive keyhole endoscopic procedures also accelerate the adoption of endoscopy devices in outpatient facilities.
In addition, favorable reimbursement policies and the high availability of government and private hospitals performing endoscopy procedures are some of the prominent factors anticipated to drive the segment growth. North Americadominated the market in terms of the revenue share of 41.5% in 2022. The highest revenue share of this region is attributed to the increasing adoption of advanced endoscopic devices and the high availability of modern healthcare facilities performing minimally invasive surgical procedures. In addition, growing functional gastrointestinal disorders and other chronic diseases such as cancer also are the major factors driving market growth in this region.
Market Report Highlights
- The market is anticipated to be estimated at USD 90.2 billion by 2030 owing to the growing adoption of minimally invasive endoscopic procedures by medical professionals in comparison with open surgeries
- In terms of product, the endoscopes segment dominated the market in 2022 with the largest revenue share of 36.9% owing to the growing adoption of endoscopes for both diagnostic and therapeutic purposes coupled with the rising prevalence of chronic diseases
- In terms of end-use, the outpatient facilities held the largest revenue share of 52.9% in 2022, owing to the availability of minimally invasive surgeries and shorter hospitalization stays.
- Based on region, North America held the largest revenue share of 41.5% in 2022, owing to the increasing adoption of advanced endoscopy devices and the high availability of modern healthcare facilities performing minimally invasive surgical procedures
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 118 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $50.8 Billion |
| Forecasted Market Value (USD) by 2030 | $90.2 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Endoscopy Devices Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration And Growth Prospect Mapping
3.3 Industry Analysis
3.4 Regulatory Framework
3.5 Market Driver Analysis
3.5.1 Growing Geriatric Population
3.5.2 Increasing Prevalence Of Cancer
3.5.3 Increase In Preference For Minimally Invasive Or Keyhole Surgeries
3.5.4 Emergence Of Endoscopic Bariatric Surgery
3.6 Market Restraint Analysis
3.6.1 Lack Of Awareness And Low Adoption Of Disposable Endoscopes In Hospitals And Diagnostic Centers
3.7 Industry Challenges
3.8 Endoscopy Devices Market Analysis Tools
3.9 Major Deals & Strategic Alliances Analysis
Chapter 4 Endoscopy Devices Market: Competitive Landscape Analysis
4.1 Recent Developments & Impact Analysis, By Key Market Participants
4.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
4.3 Vendor Landscape
4.4 Public Companies
4.5 Private Companies
Chapter 5 Endoscopy Devices Market: Product Estimates & Trend Analysis
5.1 Segment Dashboard
5.2 Definitions & Scope
5.3 Endoscopy Devices Market: Product Movement Analysis, USD Million, 2022 & 2030
5.4 Endoscopes
5.4.2 Rigid Endoscopes
5.4.3 Robot Assisted Endoscopes
5.4.4 Disposable Endoscopes
5.4.5 Capsule Endoscopes
5.4.6 Flexible Endoscopes
5.5 Endoscopy Visualization Systems
5.5.2 Standard Definition (SD) Visualization Systems
5.5.3 High Definition (HD) Visualization Systems
5.6 Endoscopy Visualization Components
5.6.2 Camera Heads
5.6.3 Insufflators
5.6.4 Light Sources
5.6.5 High Definition Monitors
5.6.6 Suction Pumps
5.6.7 Video Processors
5.7 Operative Devices
5.7.2 Energy Systems
5.7.3 Access Devices
5.7.4 Suction & Irrigation Systems
5.7.5 Hand Instruments
5.7.6 Wound Retractors
5.7.7 Snares
Chapter 6 Endoscopy Devices Market: End-use Estimates & Trend Analysis
6.1 Segment Dashboard
6.2 Definitions & Scope
6.3 Endoscopy Devices Market: End-use Movement Analysis, USD Million, 2022 & 2030
6.4 Hospitals
6.5 Outpatient Facilities
Chapter 7 Endoscopy Devices Market: Regional Estimates & Trend By Product and End-use
Chapter 8 Company Profiles
- Olympus
- Ethicon Endo-Surgery
- Stryker
- Fujifilm
- Boston Scientific
- Karl Storz
- Smith & Nephew
- Richard Wolf
- Medtronic Plc (Covidien)
- PENTAX Medical
- Machida Endoscope
For more information about this report visit https://www.researchandmarkets.com/r/snhcjt
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- Global Endoscopy Devices Market
