by According to a research report “Endoscopy Equipment Market (By Product: Endoscopes, Rigid Endoscopy Equipment, Flexible Endoscopy Equipment, Capsule Endoscopy Equipment, Disposable Endoscopy Equipment, Robot Assisted Endoscopy Equipment, Endoscopy Visualization Systems, Others; By Application: Gastrointestinal Endoscopy, Laparoscopy, Obstetrics Endoscopy, Arthroscopy, Urology Endoscopy, Bronchoscopy, Mediastinoscopy, Otoscopy, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030″ published by Precedence Research.
The endoscopy equipment market size is projected to touch USD 30.98 billion in 2022 and is forecasted to reach USD 54.9 billion by 2030; it is expected to grow at a CAGR of 7.4 % from 2021 to 2030.
The study provides an analysis of the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2021 is considered as the base year.
Endoscopy enables procedures on more vulnerable patients, such as the elderly, as well as the treatment or more difficult diseases like cancer. Reduced post-operative pain and the likelihood of complications are further advantages of endoscopy, as are faster discovery, lighter anesthetic, and a shorter hospital stay.
One of the primary factors driving the endoscopy equipment market is a shift in the trend of healthcare providers and patients switching from traditional open surgeries to minimally invasive procedures. Other factors driving the endoscopy equipment market include an ageing population, rising prevalence of chronic diseases, and the technological advancements in the area of endoscopy equipment.
Get a Free Sample Copy of this Report with Global Industry Analysis @ https://www.precedenceresearch.com/sample/1509
Table of Contents
Scope of the Endoscopy Equipment Market
| Report Coverage | Details |
| Market Size | USD 54.9 Billion by 2030 |
| Growth Rate | CAGR of 7.4% from 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application, End User, Region |
Market Dynamics
Drivers
Rise in need for endoscopy procedures
Endoscopy procedures are minimally invasive surgeries that use small tubes, tiny cameras, and surgical instruments to perform surgery through one or more small incisions. Endoscopy procedures have several advantages, including less pain, a shorter or no-hospital stay, and fewer complications related to pre- and post-surgery care. As a result, these procedures are less costly, more effective, and less dangerous than traditional open surgeries. Furthermore, these procedures are covered by health insurance providers in advanced economies.
These elements all contribute to patients’ and physicians’ strong preference for endoscopy procedures. Endoscopy is being used to diagnose and treat a wide range of serious diseases, including cancer, orthopedic disorders, neurological disorders, and gastroesophageal reflux disease.As a result, the rising prevalence of chronic diseases such as cancerand cardiovascular diseases is expected to increase the demand for endoscopy procedures. Thus, the rise in need for endoscopy is propelling the growth of the endoscopy equipment market during the forecast period.
Restraints
Stringent government regulations
Endoscopy-related diseases and complications may have an effect on business growth. Policy changes will almost certainly raise the costs of developing new products and providing consumer services. The potential loss of sales as a result of the product’s delayed release, as well as the increased expenses incurred as a result of the stringent approval procedures, impact negatively on investments in new product development, restricting the growth of the endoscopy equipment market during the forecast period.
Opportunities
Increased prevalence of chronic diseases
The rising prevalence of chronic diseases, the advancement of endoscopy technologies, and increased support and coverage for endoscopic screening and care all contribute to the global demand for endoscopy equipment. Furthermore, the world’s growing geriatric population has a significant impact on endoscopy equipment demand. Because of their lower immunity, older people are more susceptible to health issues such as ophthalmic disorders, gastrointestinal problems, orthopedic diseases, cancer, and others, complicating medical and treatment options. The rise in popularity of minimally invasive and global endoscopic procedures is creating lucrative opportunities for the growth of the endoscopy equipment market during the forecast period.
Challenges
Scarcity of trained healthcare professionals
Physicians and surgeons specializing in endoscopy are in short supply all over the world. The shortage of endoscopy-trained professionals is expected to affect developing countries as well. Endoscopy procedures must be performed effectively by trained professionals in order to prevent the spread of infections in endoscopy facilities.The worldwide scarcity of skilled physicians, doctors, and nurses is expected to reduce the number of endoscopy procedures performed each year.As a result, the scarcity of trained healthcare professionals is huge challenge for the growth of the endoscopy equipment market during the forecast period.
Read Also: Wearable Injectors Market Size to Touch US$ 13.9 Bn by 2030
Report Highlights
- Based on the product, the endoscopy visualization systems segment dominated the global endoscopy equipment market in 2020 with highest market share. The segment is predicted to develop due to the rising prevalence of ailments such as gastrointestinal disorders, urological disorders, cancer, and respiratory issues.
- Based on the application, the gastrointestinal endoscopy segment dominated the global endoscopy equipment market in 2020 with highest market share, owing to the increased prevalence of gastrointestinal illnesses and the growing geriatric population.
- Based on the end use, the hospitals segment dominated the global endoscopy equipment market in 2020 with highest market share. This is attributed to the favorable reimbursement policies and widespread acceptance and use of endoscopy equipment in hospital systems.
Regional Snapshot
North America is the largest segment for endoscopy equipment market in terms of region.This is due to the region’s highly established healthcare infrastructure, sophisticated technology uptake, high patient awareness levels, and expanding elderly population.
Asia-Pacific region is the fastest growing region in the endoscopy equipment market. Due to rising population and public investment in healthcare facilities, the Asia-Pacific region is expected to develop the quickest rate during the projected period.
Why should you invest in this report?
If you are aiming to enter the global endoscopy equipment market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for endoscopy equipment are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Endoscopy Equipment Market
5.1. COVID-19 Landscape: Endoscopy Equipment Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Endoscopy Equipment Market, By Product
8.1. Endoscopy Equipment Market, by Product Type, 2021-2030
8.1.1. Endoscopes
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Rigid Endoscopy Equipment
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Flexible Endoscopy Equipment
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Capsule Endoscopy Equipment
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Disposable Endoscopy Equipment
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Robot Assisted Endoscopy Equipment
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Endoscopy Visualization Systems
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Endoscopy Visualization Component
8.1.8.1. Market Revenue and Forecast (2019-2030)
8.1.9. Operative Equipment
8.1.9.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Endoscopy Equipment Market, By Application
9.1. Endoscopy Equipment Market, by Application, 2021-2030
9.1.1. Gastrointestinal Endoscopy
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Laparoscopy
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Obstetrics Endoscopy
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Arthroscopy
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Urology Endoscopy
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Bronchoscopy
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Mediastinoscopy
9.1.7.1. Market Revenue and Forecast (2019-2030)
9.1.8. Otoscopy
9.1.8.1. Market Revenue and Forecast (2019-2030)
9.1.9. Laryngoscopy
9.1.9.1. Market Revenue and Forecast (2019-2030)
9.1.10. Others
9.1.10.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Endoscopy Equipment Market, By End Use
10.1. Endoscopy Equipment Market, by End Use, 2021-2030
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Ambulatory Surgery Centers
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Endoscopy Equipment Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.3. Market Revenue and Forecast, by End Use (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.4.3. Market Revenue and Forecast, by End Use (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.5.3. Market Revenue and Forecast, by End Use (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.3. Market Revenue and Forecast, by End Use (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.4.3. Market Revenue and Forecast, by End Use (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.5.3. Market Revenue and Forecast, by End Use (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.6.3. Market Revenue and Forecast, by End Use (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.7.3. Market Revenue and Forecast, by End Use (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.3. Market Revenue and Forecast, by End Use (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.4.3. Market Revenue and Forecast, by End Use (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.5.3. Market Revenue and Forecast, by End Use (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.6.3. Market Revenue and Forecast, by End Use (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.7.3. Market Revenue and Forecast, by End Use (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.3. Market Revenue and Forecast, by End Use (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.4.3. Market Revenue and Forecast, by End Use (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.5.3. Market Revenue and Forecast, by End Use (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.6.3. Market Revenue and Forecast, by End Use (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.7.3. Market Revenue and Forecast, by End Use (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.3. Market Revenue and Forecast, by End Use (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.4.3. Market Revenue and Forecast, by End Use (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.5.3. Market Revenue and Forecast, by End Use (2019-2030)
Chapter 12. Company Profiles
12.1. Olympus Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. KARL STORZ SE & Co. KG
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Stryker Corporation
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Boston Scientific Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Johnson & Johnson
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Fujifilm Holdings Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Hoya Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Nipro Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Richard Wolf GmbH
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Cook Medical
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1509
Contact Us:
Precedence Research
Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Website: https://www.precedenceresearch.com
