Endoscopy Devices Market Overview

Global Endoscopy Devices Market was valued at USD 34.23 billion in 2023 and is expected to reach USD 60.84 billion by the year 2032, at a CAGR of 6.6%.

Endoscopy is a minimally invasive medical procedure that uses specialized instruments called endoscopes to examine interior body components. These light-emitting devices are placed through the mouth or rectum, or other natural openings, to reach organs or cavities like the gastrointestinal or respiratory tract.
By granting visual access to these regions without requiring incisions, endoscopy considerably reduces the dangers associated with open surgery, such as bleeding, infection, and problems connected to anesthesia. This non-invasive technique shortens recovery times and eases suffering while also improving patient safety.
The market for endoscopy devices includes a variety of tools and add-ons that are essential for performing endoscopic operations. Endoscopy equipment are in high demand as less intrusive procedures are adopted by healthcare systems across the globe.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

  •  B. Braun Melsungen Ag (Germany)
  •  Boston Scientific Corporation (US)
  •  Cook Medical (Ireland)
  •  Ethicon (US)
  •  Fujifilm (Japan)
  •  Hoya Corporation (Japan)
  •  Karl Storz (Germany)
  •  Machida Endoscope Co.
  •  Ltd (Japan)
  •  Medtronic plc (Ireland)
  •  Olympus Corporation (Japan)
  •  PENTAX Medical (Japan)
  •  Richard Wolf GmbH (Germany)
  •  Smith & Nephew PLC (UK)
  •  Stryker (US) and other major players.

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Report Purpose

The endoscopic gadgets are thoroughly analyzed in this research paper. These devices need permissions from the EU Medical Device Directive European Conformity (CE Mark), the US Food and Drug Administration (FDA) for Pre-market Notification (PMN), or equivalent approvals from other nations. Endoscopic device regulations are strict when it comes to demonstrating product efficacy and safety prior to distribution to the medical community. Market estimates are predicated on manufacturer-level revenues. The sales of new endoscopic device systems, including mechanical endoscope systems, accessories, and systems for visualization and documentation, are included in the market size taken into account in this study. A number of criteria were used to evaluate trends, including anticipated sales of new and existing medications, expanding uses for already-approved products, and, lastly, anticipated shifts in the prevalence, diagnosis, and scripting rates for certain diseases. 

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Study considers the Endoscopy Devices value and volume generated from the sales of the following segments:    

By Type

·         Endoscopes

·         Endoscopic Operative Device

·         Visualization Equipment

By Application

·         Gastroenterology

·         Pulmonology

·         Cardiology

·         ENT Surgery

·         Others

By Usage Type

·         Single Use

·         Reprocessing

By End Users

·         Hospitals

·         Ambulatory Surgery Centers & Clinics

·         Others

This report also splits the market by region:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

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Techniques
Coverage of data: B2B, B2G, and B2C spending are all included. The figures are based on IVD and medical device revenues that are allotted to the respective country and are spent at manufacturer pricing levels exclusive of VAT.
Modeling strategy / Size of market:Using financial data of the major participants by market, modeling uses a top-down methodology with a bottom-up validation. Market sizes are assigned to the covered nations in accordance with worldwide market shares using a top-down methodology that is based on a particular justification for each market. We use data from association-specific countries and pertinent key market variables, such as per capita healthcare spending, health risk factors, the healthcare system, and medical product laws, as a foundation for assessing markets. Afterwards, we employ additional pertinent important market indicators and data from country-specific associations.

 Report covered the major key points:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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