Endoscopy Devices

Endoscopy Devices Market to Grow Nearly 7.5% through 2027

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Precedence Research has published a new report titled Endoscopy Devices Market (By Product: Endoscopes, Endoscopy Visualization Systems, Endoscopy Visualization Components, and Operative Devices; By Application: Urology Endoscopy, Gastrointestinal (GI) Endoscopy, Obstetrics Endoscopy, Laryngoscopy, Laparoscopy, Bronchoscopy, Mediastinoscopy, and Other Applications; By End-use: Ambulatory Surgical Centers, Hospitals, and Other End-uses) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027″, the global endoscopy devices market size is expected to grow US$ 67.37 Billion by 2027, decelerating at a CAGR of over 7.5% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The global endoscopy devices market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the endoscopy devices industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies. The report provides the overall revenue of the global endoscopy devices Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Market Estimations:

Market Was Valued In 2019 US$ 37.77 Billion
Market Is Projected To Grow By 2027 US$ 67.37 Billion
Compound Annual Growth Rate (CAGR) 7.5 percent from 2020 to 2027

An endoscopy refers to a procedure that enables surgeons or physicians to look interior parts of the organ. This technique is applied for both therapeutic and diagnostic purposes. To perform endoscopy a particular instrument is used known as an endoscope. There are various types of endoscopes available in the market and the adoption of endoscope depends upon the type of the affected body organ, for example, arthroscopes are preferred for problems related to joints, bronchoscopes are used for lungs associated problems, and similarly many other endoscopes are available.

Other instruments essential during an endoscopic procedure include cytology brush, biopsy forceps, trocar sleeves, flexible forceps, etc. For therapeutic purpose, the endoscopic devices are either attached or transited across surgical instruments to perform a particular surgery. Endoscopic surgery is a type of marginally invasive surgery in which the device is inserted inside the human body through small incisions to properly examine the internal organs.

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Growth Factors

Advancement in the endoscopy technology, increasing prevalence of chronic diseases, and increased funding as well as reimbursement for screening & treatment using endoscopic techniques significantly promote the market growth of the endoscopy devices. In addition, increasing popularity of minimally invasive surgery also creates huge scope for the growth of market.

As per the study conducted by the American Cancer Society, in the United States individuals with age more than 50 years depicted to contribute around 90% colorectal cancer (CRC) cases in the country; along with this, colonoscopy refers to be the most effective commonly adopted procedure for the screening and diagnosis of CRC in older population. Moreover, increasing geriatric population across the world has positively influenced the endoscopic devices market. Simultaneously, older adults are highly vulnerable for health problems such as gastrointestinal problems, ophthalmic diseases, cancer, orthopedic diseases, and many others because of lower immunity that in turn, complicate the therapeutic and diagnostic options.

World Health Organization (WHO) has estimated that the group of aged people in the world with more than 60 years will nearly double by the end of 2050. Specifically in the United States, more than 20% of the population estimated to come under the age group of 65 years or above by the year 2030.

Report Highlights

  • North America accounted for the largest revenue share owing to increase in preference for minimally invasive surgeries, and increase in geriatric population
  • The Asia Pacific anticipated as the most opportunistic region during the forecast period due to substantial economic growth and improving healthcare infrastructure
  • Endoscopy visualization systems captured the largest value share in the global market in 2019 attributed to the rising preference for High Definition (HD) visualization system by medical professionals
  • The endoscopes segment projected to exhibits lucrative growth over the analysis period. Flexible endoscopes dominated the segment with the highest value share in 2019.
  • Based on application, GI endoscopy occupied the largest revenue share accounting for more than half of the total market value due to rising prevalence of GI disease
  • Urology endoscopy (cystoscopy) projected to exhibit the fastest growth during the analysis period owing to increased number of ureteroscopic interventions performed
  • By end-use, hospitals segment encountered to be the largest end-user in the year 2019, as it is the primary health center in majority of countries
  • The ambulatory surgical centers expected to witness prominent growth over the analysis period because of cost-effective ASC-based endoscopic procedures

COVID-19 Impact on Endoscopy Devices Market Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the endoscopy devices market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Precedence Research’s study predicts gradual recovery for the endoscopy devices market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Regional Snapshots

In 2019, North America led the global endoscopy devices market and anticipated to maintain its dominance in the coming years. This is primarily accounted to the rising incidence of cancer, favorable reimbursement scenario in the U.S., increasing research activities to enhance endoscopy devices, increasing investments by hospitals for purchasing new endoscopic equipment, and the implementation of a new funding model for Canadian hospitals.

On the other hand, the Asia Pacific predicted to be the fastest growing region owing to significant number of developing nations present in this region, such as India and china. Furthermore, increasing patient population of gastrointestinal and cancer diseases in the developing countries expected to spur the demand for endoscopes in the region.

Key Players & Strategies

The global endoscopy devices market is highly competitive as the market payers are investing prominently on the research & development activity along with an intense focus towards new product launch, product enhancement & development. Olympus Corp. is one of the largest endoscopy device manufacturers that account for nearly 70% market share in the GI endoscopy application segment.

Some of the key players operating in the market are Ethicon Endo-Surgery, LLC, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Smith & Nephew Inc., Karl Storz GmbH & Co. KG, Richard Wolf GmbH, PENTAX Medical, Medtronic Plc (Covidien), and Machida Endoscope Co., Ltd. among others.

Market Segmentation

By Product

  • Endoscopes
    • Flexible Endoscopes
      • Colonoscopes
      • Upper Gastrointestinal Endoscopes
      • Sigmoidoscopes
      • Bronchoscopes
      • Pharyngoscopes
      • Laryngoscopes
      • Nasopharyngoscopes
      • Duodenoscopes
      • Rhinoscopes
      • Other Flexible Endoscopes
    • Rigid Endoscopes
      • Arthroscopes
      • Laparoscopes
      • Cystoscopes
      • Urology Endoscopes
      • Neuroendoscopes
      • Gynecology Endoscopes
      • Other Rigid Endoscopes
    • Disposable Endoscopes
    • Capsule Endoscopes
    • Robot Assisted Endoscope
  • Endoscopy Visualization Systems
    • High Definition (HD) Visualization Systems
      • 3D Systems
      • 2D Systems
    • Standard Definition (SD) Visualization Systems
      • 3D Systems
      • 2D Systems
    • Ultrasound Devices
  • Endoscopy Visualization Components
    • Insufflators
    • Camera Heads
    • High-definition Monitors
    • Light Sources
    • Video Processors
    • Suction Pumps
  • Operative Devices
    • Access Devices
    • Energy Systems
    • Hand Instruments
    • Suction & Irrigation Systems
    • Snares
    • Wound Retractors

By Application

  • Urology Endoscopy
  • Gastrointestinal (GI) Endoscopy
  • Obstetrics Endoscopy
  • Laryngoscopy
  • Laparoscopy
  • Bronchoscopy
  • Arthroscopy
  • Otoscopy
  • Mediastinoscopy
  • Other Applications

By End-Use

  • Ambulatory Surgical Centers
  • Hospitals
  • Other End-uses

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Endoscopy Devices Market, By Product

7.1. Endoscopy Devices Market, by Product Type, 2020-2027
7.1.1. Endoscopes
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Endoscopy Visualization Systems
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Endoscopy Visualization Components
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Operative Devices
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Endoscopy Devices Market, By Application

8.1. Endoscopy Devices Market, by Application, 2020-2027
8.1.1. Urology Endoscopy
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Gastrointestinal (GI) Endoscopy
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Obstetrics Endoscopy
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Laryngoscopy
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Laparoscopy
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Bronchoscopy
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Arthroscopy
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.8. Otoscopy
8.1.8.1. Market Revenue and Forecast (2016-2027)
8.1.9. Mediastinoscopy
8.1.9.1. Market Revenue and Forecast (2016-2027)
8.1.10. Others
8.1.10.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Endoscopy Devices Market, By End-Use

9.1. Endoscopy Devices Market, by End-Use, 2020-2027
9.1.1. Ambulatory Surgical Centers
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Hospitals
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Endoscopy Devices Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by End-Use (2016-2027)

Chapter 11. Company Profiles

11.1. Ethicon Endo-Surgery, LLC
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Olympus Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Stryker Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Boston Scientific Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Fujifilm Holdings Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Smith & Nephew Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Karl Storz GmbH & Co. KG
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Richard Wolf GmbH
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. PENTAX Medical
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Medtronic Plc (Covidien)
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Machida Endoscope Co., Ltd.
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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