The global Endoscopes Market size is expected to reach US$ 20.1 billion by 2027 and is expected to grow at an impressive double-digit rate of 8.62% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Endoscopes Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Why should you invest in this report?
If you are aiming to enter the global Endoscopes Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Endoscopes 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 2020-2027, 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.
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Growth Factors
Intensifying need for endoscopic procedure, budding funds, investments, and grants from various government and healthcare organizations, mounting number of hospitals are some of the vital influences pushing the growth of the global endoscopes market. Further, developing hospital spending in endoscopy facilities and numerous technological expansions in the arena of different endoscopes and accessories is further propelling the market revenue growth across the globe. Though, more cost of endoscopy procedures & equipment, unfavorable healthcare reforms few regions and inadequate reimbursement in evolving nations are anticipated to confine the growth global endoscopes market during next few years.
Snowballing pervasiveness of cancer is one of the important causes subsidizing to the growth of the endoscope market as, mounting incidence of cancer is anticipated to push the need for biopsies in cancer diagnosis. Endoscopic ultrasound and endoscopy for biopsies are the most favored processes in the diagnosis of cancer. As per data revealed by World Health Organization, cancer is the second leading source of death across the globe, amounting for an assessed 9.6 million deaths in 2018, and it is likely to rise to around 22 million by 2034.
Report Highlights
- North America is expected to control the global endoscopy devices market revenue throughout the assessment period closely followed by Europe.
- Asia Pacific region is expected to drive huge growth in near future.
- Arrival of endoscopic bariatric surgeries, such as endoscopic sleeve gastroplasty is also estimated to fuel growth of the market in next few years.
- Accumulative need for colonoscopies and laparoscopies in the U.S. on account of growing frequency of colorectal cancer is further backing the tremendous revenue generation by this region in the global marketplace.
- GI endoscopy accounted for major market revenue in 2019.
- Among the product types, flexible endoscopes gathered highest market revenue in 2019
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Key Market Players and Strategies
- Olympus Corporation
- Stryker Corporation
- Ethicon Endo-Surgery, Inc
- Covidien Plc
- Aesculap, IncBoston Scientific
- Arthrex, Inc.
- Smiths Group,
- Karl Storz
- Richard Wolf GmbH
- Hoya Corporation
- ConMed
- Fujifilm Holdings Corporation
Major Market Segments Covered:
By Product
- Flexible Endoscopes
- Bronchoscopes
- Laryngoscopes
- Sigmoidoscopes
- Upper Gastrointestinal Endoscopes
- Duodenoscopes
- Colonoscopes
- Pharyngoscopes
- Nasopharyngoscopes
- Other
- Capsule Endoscopes
- Robot Assisted Endoscopes
- Rigid Endoscopes
- Urology Endoscopes
- Laparoscopes
- Arthroscopes
- Cystoscopes
- Neuroendoscopes
- Other
- Disposable Endoscopes
By Application
- Arthroscopy
- Urology Endoscopy
- Laparoscopy
- Gastrointestinal (GI) Endoscopy
- Bronchoscopy
- Mediastinoscopy
- Gynecology Endoscopy
- Otoscopy
- Laryngoscopy
- Other Applications
By End-Use
- Ambulatory Surgery Centers
- Hospitals
- Other
Regional Analysis:
The geographical analysis of the global Endoscopes Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Endoscopes Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Endoscopes Market in 2027?
- What is the expected CAGR for the Endoscopes Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Endoscopes Market?
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