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Growing Cases of Cancer & Gastrointestinal Disorders Are Anticipated to Propel the Adoption of Endoscopes over the Forecast Years, finds Fact.MR

February 11th, 2022 Fact.MR Releases

According to Fact.MR, a market research and competitive intelligence provider, the global sales of endoscopes is likely to garner a market value of US$ 13 Bn and is expected to register a CAGR of 10% by accumulating a market value of US$ 34 Bn through the assessment period 2022-2032.

“Increasing cases of gastrointestinal disorders and obesity is driving the demand for endoscopes in the healthcare sector.” states a Fact.MR analyst

Endoscopy procedures are non-surgical or minimally invasive procedures wherein endoscopy instruments and supplies are used to examine a patient’s internal organ or tissue in detail. Endoscopy is increasingly being used for the diagnosis/treatment of several major disorders, such as cancer, orthopedic disorders, neurological disorders, and gastroesophageal reflux disorder (GERD).

For Critical Insights on This Market, Request a Sample Report

https://www.factmr.com/connectus/sample?flag=S&rep_id=7118

Demand Analysis of Endoscopes Market

Historically, from 2015 to 2021, the global sales of endoscopes flourished at a CAGR of 9%. The onset of COVID-19 pandemic affected the demand for endoscopes due to the fear of transmission of virus. As most diagnosis take place at the hospitals, patients did not prefer to get diagnosed. With the world getting back to normalcy, the demand for endoscopes is expected to escalate.

Furthermore, obesity is a key driving factor for the rising demand for endoscopes. As the obesity rate is increasing rapidly, people suffering from obesity are giving preference to gastroplasty procedures. Moreover, cost effectiveness and safety are driving the demand for endoscopes.

Competitive Landscape of Endoscopes Market

  • Medtronic, a key player is focusing on offering endoscopes that are easy to use and offer accurate results. The company is focusing on improving the efficiency of endoscopes.
  • Olympus Corp, Richard Wolf Medical Instruments, CONMED Corp, Ethicon US, LLC, FUJIFILM Holdings Corp, Medtronic, Stryker, Boston Scientific Corp, PENTAX Medical and Karl Storz GmbH & Co., KG are prominent endoscopes market players.

Covid-19 Impact on the Endoscopes Market

During the COVID-19 pandemic, endoscope market demand underwent multiple fluctuations. At the onset of the disease, there was a significant shortage, attributed to the imposition of stringent lockdowns to curb the spread of the virus. Production shortfalls amid factory shutdowns led to a demand supply disequilibrium. Eventually, however, prospects appeared optimistic, given the rising need to scan infected patients and suggest appropriate treatment.

To learn more about Endoscopes Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7118

Region-wise Analysis – Endoscopes Market

Brazil, Russia, India, China, and South Africa (BRICS) are among the fastest-growing economies in the world. In 2020, emerging economies will account for around one-third of global healthcare spending, according to the World Economic Forum. More than half of the world’s population resides in India and China owing to which these countries are home to the highest number of patients.

The rising cancer burden, rapid improvements in healthcare infrastructure, the rapid growth of medical tourism, and the presence of flexible regulation in these countries all encourage endoscopy equipment manufacturers to expand their operations in these countries.

Key Segments Covered in the Endoscopes Market Report

By Product

  • Rigid Endoscopes
  • Laparoscopes
  • Arthroscopes
  • Other Rigid Endoscopes
  • Urology Endoscopes
  • Cystoscopes
  • Gynaecology Endoscopes
  • Neuroendoscopes
  • Flexible Endoscopes
  • Upper Gastrointestinal Endoscopes
  • Rhinoscope
  • Bronchoscopes
  • Duodenoscopes
  • Nasopharyngoscopes
  • Colonoscopes
  • Sigmoidoscopes
  • Laryngoscopes
  • Pharyngoscopes
  • Other Flexible Endoscopes
  • Capsule Endoscopes
  • Disposable Endoscopes
  • Robot Assisted Endoscopes

By Application

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

By End Use

  • Ambulatory Surgery Centers/Clinics
  • Hospitals
  • Other End Uses

Key Market Benefits

The study provides an in-depth analysis of the global endoscopes market, with current trends and future estimations to elucidate the imminent investment pockets.

It presents a quantitative analysis from 2022 to 2032 to enable the stakeholders to capitalize on the prevailing market opportunities.

Extensive analysis of the market by product type assists in understanding the availability of various forms of endoscopes.

Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.

Explore Fact.MR’s Coverage on the Healthcare Domain-

Disposable Endoscopes Market – The growing incidences of hospital-acquired infections (HAI) due to the usage of infected endoscopes is expected to be the key factor driving the global disposable endoscope market during the forecast period.

Image Guided Surgery Devices Market – Demand for image-guided  surgery devices is anticipated to rise at a CAGR of 7.3% over the assessment period, according to Fact.MR.

ENT Medical Devices Market – The latest report on ENT medical devices by Fact.MR offers an exhaustive overview of the global industry, while emphasizing on new trends in leading countries such as the United States, Germany, China, Japan, France, and India, to name a few, through 2031.

Medical Device Cleaning Market – The medical device cleaning market has been damaged by the covid-19 epidemic. The medical equipment industry has not been spared from the pandemic’s effects.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

 

Contact:

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Rockville, MD 20852

United States

Email: sales@factmr.com

Tel: +1 (628) 251-1583

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