Global Endoscopy Devices Market to reach USD 67.14 million by 2027.Global Endoscopy Devices Market is valued approximately at USD 41.0 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2021-2027. The global Endoscopy Devices market is being driven by rising geriatric population, increase in prevalence of cancer, increasing preference for minimally invasive or keyhole surgeries. Furthermore, the growing emergence of endoscopic bariatric surgery, will provide new opportunities for the global Endoscopy Devices industry. For instance, according to the Administration on Aging (AoA) in year 2019, about 16% of the total population in U.S. were aged more than 65 years and it is anticipated that this number is expected to rise to 21.6% by year 2040. Also, according to the Globocan report 2020, the incidences of cancer has been reached to 19.3 million and it is anticipated that the figure will reach to 21.9 million by year 2025. As a result increased geriatric population and rising prevalence of cancer will serve as a catalyst for the endoscopy devices industry in the future. However, lack of awareness and low adoption of disposable endoscopes in hospitals and diagnostic centers may impede market growth over the forecast period of 2021-2027.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global endoscopy devices. Rising adoption of advanced technologies, growing preference for minimally invasive surgeries for reducing overall healthcare spending, and enhanced healthcare infrastructure makes the North America the leading region across the world in terms of market share. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to growing geriatric population and improving health infrastructure the presence of key players along with the constantly developing start-up landscape in the region is further promoting the market growth.
Major market player included in this report are:
Ethicon Endo-Surgery, LLC
Fujifilm Holdings Corporation
Boston Scientific Corporation
Karl Storz GmbH & Co. KG
Smith & Nephew Inc.
Richard Wolf GmbH
Medtronic Plc (Covidien)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Endoscopy Visualization Systems
Endoscopy Visualization Components
By End Use:
Ambulatory Surgery centres
Gastrointestinal (Gi) Endoscopy
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Endoscopy Devices Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers