Report Ocean recently released a research report on the Endoscopes Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global endoscopes market size was US$ 12.2 billion in 2021 and is forecast to reach US$ 24.1 billion by 2030, registering a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2022 to 2030.
An endoscope is light attached medical equipment that is increasingly used to examine the body for organs or body cavities.
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COVID-19 Impact Analysis
The global endoscopes market declined mainly due to the pause on elective surgeries and stringent regulations for curbing the COVID-19 virus spread. Also, disruptions in the supply chain played a significant role in the decline in market growth. A multicenter survey conducted in Northern Italy indicates that around 40 centers of the total 41 endoscopy centers reported a decrease in endoscopic activities in 2020.
However, disposable endoscopes are expected to offer lucrative opportunities to the market players for recovery. These endoscopes minimize the risk of infection as compared to traditional technology.
Factors Influencing the Market Growth
- Growing cases of chronic diseases along with the increasing geriatric population are forecast to drive the growth of the global endoscope market. The geriatric population accounts for vast cases of health diseases and disabilities. Thus, it will ultimately drive the demand for custom-made methodologies.
- Moreover, the benefits of endoscopy are forecast to drive market growth. Endoscopy is a non-surgical method that helps track the patient’s digestive tract efficiently. Thus, the popularity of this safe methodology will increase during the study period.
- Technological advancements and growing research and development in the medical domain will further benefit the global endoscope market.
- The high maintenance cost involved in the treatments may hamper the market growth.
Regional Analysis
The global endoscope market is forecast to grow rapidly in North America, owing to the growing prevalence of target diseases, increasing geriatric population, and rising awareness about minimally invasive therapies. The region is witnessing increasing adoption of technologically advanced products. Thus, the growing popularity of robot-assisted endoscopes for surgical techniques will benefit the global endoscope market during the study period.
Moreover, the endoscope market is expected to grow rapidly in Asia-Pacific, registering a significant CAGR during the study period. The growth of the region will be mainly due to the growing demand for endoscopes in emerging countries, such as China and India. In addition, these countries are registering an increasing number of patients suffering from chronic diseases. As a result, it will benefit the endoscope market in Asia-Pacific.
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Competitors in The Market
- Olympus Corporation
- Smith & Nephew PLC.
- Fujifilm Holdings Corp.
- Karl Storz GmbH & Co. KG
- Medtronic plc
- Pentax Medical Company (Hoya Corporation)
- Fibertech Incorporation
- Stryker Corporation
- Cantel Medical Corp.
- B. Braun Melsungen AG
- Maxer Endoscopy GmbH
- GI Supply Inc.
- SMART Medical Systems Ltd.
- Other prominent players
Market Segmentation
Product Outlook
- Rigid Endoscopes
- Laparoscopes
- Arthroscopes
- Urology Endoscopes
- Cystoscopes
- Gynecology Endoscopes
- Neuroendoscopes
- Other Rigid Endoscopes
- Flexible Endoscopes
- Upper Gastrointestinal Endoscopes
- Colonoscopes
- Bronchoscopes
- Sigmoidoscopes
- Laryngoscopes
- Pharyngoscopes
- Duodenoscopes
- Nasopharyngoscopes
- Rhinoscopes
- Other Flexible Endoscopes
- Capsule Endoscopes
- Disposable Endoscopes
- Robot-Assisted Endoscopes
Application Outlook
- Gastrointestinal (GI) Endoscopy
- Laparoscopy
- Obstetrics/Gynecology Endoscopy
- Arthroscopy
- Urology Endoscopy (Cystoscopy)
- Bronchoscopy
- Mediastinoscopy
- Otoscopy
- Laryngoscopy
- Other Applications
End-use Outlook
- Hospitals
- Ambulatory Surgery Centers/Clinics
- Others
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Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Endoscopes Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Endoscopes market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Endoscopes Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Endoscopes market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Endoscopes market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Endoscopes market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Endoscopes market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Endoscopes business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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