Latest Study on “Endoscopy Procedures Estimates Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2020-2030”.
The global Endoscopy Procedures Estimates market size is expected to be worth around US$ 248.5 million by 2030, according to a new report by nova one advisor.
The global Endoscopy Procedures Estimates market size was valued at US$ 220.9 million in 2021 and is anticipated to grow at a CAGR of 1.2% during forecast period 2020 to 2030.
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|Market Size||USD 248.5 million by 2030|
|Growth Rate||CAGR of 1.2% From 2022 to 2030|
|Forecast Period||2022 to 2030|
|Report coverage||Growth Factors, Revenue Status, Competitive Landscape, and Future Trends|
|Segments Covered||Application, region
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||China Resources Phoenix Healthcare Holdings Company Limited,Tenet Healthcare Corporation,Surgical Care Affiliates,AMSURG Corporation,Ramsay Health Care,Apollo Hospitals Enterprise Ltd,IHH Healthcare Berhad.|
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Growing prevalence of functional gastrointestinal disorders is one of the major factors for the high adoption of minimally invasive endoscopic procedures. For example, according to the data published by the endoscopy center of the gastroenterology associates of Pensacola, each year, about 62 million Americans are diagnosed with a digestive disorder. Similarly, in 2020, another report published in the Gastroenterology journal stated that over 40% of people in the world have functional gastrointestinal disorders.
The growing prevalence of chronic diseases increases the adoption of minimally invasive endoscopic surgeries to diagnose, treat, and prevent the internal organ complications associated with these diseases. According to the CDC’S National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP) report, about 6 in 10 adults in the U.S have a chronic disease. Moreover, the rapid progress by healthcare providers to introduce minimally invasive surgeries for better post-clinical outcomes is expected to drive the adoption of endoscopy procedures.
The increasing prevalence of gastrointestinal cancers is also expected to accelerate the adoption of endoscopy procedures all over the globe. Moreover, technological advancements in endoscopy devices further accelerate the adoption of this procedure to diagnose and treat several gastrointestinal disorders. The advancement of endoscopic devices to view intra-abdominal organs using video endoscopy and the integration of computer software with endoscopic devices also supports the adoption of endoscopic procedures.
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Endoscopy Procedures Estimates Market Report Highlights
- The global market volume is anticipated to be 250.2 million procedures by 2030 owing to the growing prevalence of functional gastrointestinal disorders and increasing adoption of minimally invasive procedures
- The gastroscopy segment dominated the market in 2021 due to the increasing usage of advanced automated instruments in cancer treatment and increasing recommendation by physicians to perform gastroscopy to identify complications, such as gastroesophageal blockage, inflammation, and gastroesophageal reflux disease
- Asia Pacific is the dominant region with the highest number of endoscopy procedures performed with a volume share of 43.2% in 2021
- This is mainly due to the large population and increasing number of target patient population in this region
- Furthermore, the growing adoption of advanced endoscopic equipment and increasing demand for minimally invasive surgeries are the other prominent factors responsible for a higher share of the region
By Application Analysis
The gastroscopy application segment dominated the market in 2021 accounting for a share of 31.1%, in terms of the number of procedures. Other application segments are Gastrointestinal (GI) endoscopy, colonoscopy, laparoscopy, duodenoscopy, bronchoscopy, cystoscopy, and others.
An increase in the number of endoscopic surgeries performed for the diagnosis of the upper digestive tract or esophagus is the major factor attributed to the highest share of this segment.
Gastroscopy is recommended by the physicians for diagnosis of several common symptoms, such as indigestion, abdominal pain, dysphagia, excessive vomiting, unusual burping, and so on, which, in turn, drives the growth of this segment.
By Regional Analysis
Asia Pacific region dominated the global estimates with the highest share of more than 43.0% in 2021. The growing prevalence of digestive tract disorders coupled with a larger population contributed to the high adoption of endoscopic procedures in this region.
Increasing awareness about minimally invasive surgeries and the growing number of modern healthcare facilities are the major factors anticipated to boost the adoption of endoscopic procedures in the region.
The presence of a large number of healthcare facilities performing endoscopic surgeries and the high adoption of minimally invasive endoscopic procedures are expected to drive the region’s growth.
The increasing prevalence of functional gastrointestinal disorders and irritable bowel syndrome is also expected to drive the region’s growth.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analyzed and prime business strategies and products that offer high revenue generation capacities were indentified. Key players of the global Endoscopy Procedures Estimates market are included as given below:
Some of the prominent players in the Endoscopy Procedures Estimates market include:
- China Resources Phoenix Healthcare Holdings Company Limited
- Tenet Healthcare Corporation
- Surgical Care Affiliates
- AMSURG Corporation
- Ramsay Health Care
- Apollo Hospitals Enterprise Ltd
- IHH Healthcare Berhad
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
- By Application
- Gastrointestinal (GI) Endoscopy
Why should you invest in this report?
If you are aiming to enter the global Endoscopy Procedures Estimates market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Endoscopy Procedures Estimates 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 2020-2030 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.
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