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The Global Endoscopes Market Expected to Witness Massive Growth with a Significant CAGR of 6.05%, Asserts DelveInsight

October 18th, 2022 DelveInsight Business Research Releases

As per DelveInsight’s assessment, due to a number of factors, the endoscopes market is experiencing an increase in product demand. During the projected period (2022–2027), it is anticipated that the market for endoscopes will benefit from the growing use of endoscopes in a variety of applications.

DelveInsight’s “Endoscopes Market” report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Endoscopes companies actively working in the market.

Endoscopes

Endoscopy is a medical treatment that allows you to see inside your body without having to undergo significant surgery. A long, flexible tube known as an endoscope has a camera and a lens on either end. The patient is given the lens-equipped end. The body’s natural apertures, including the mouth, urethra, or anus, are typically used to implant it.

Endoscopes Market Insights

Geographically, the greatest portion of the global endoscopes market is anticipated to come from North America. Increased healthcare spending, an increase in the prevalence of chronic diseases including cancer, kidney disease, and crohn’s disease, as well as a high geriatric population, will all contribute to an increase in endoscope demand in North America and the growth of the endoscopes market as a whole.

To know more about why North America is leading the market growth in the Endoscopes market, get a snapshot of the report Endoscopes Market Trends

Recent Developments in the Endoscopes Market Report

  • In March 2022, Shenzhen Xzing Technology Co. Ltd. ‘s was granted the National Medical Products Administration (NMPA’s) class II approval for Endofresh disposable upper gastrointestinal (GI) endoscope. The approved product will be used for upper gastrointestinal GI endoscopy, diagnosis and treatment
  • In November 2021, Medtronic plc announced that the U.S. Food and Drug Administration (FDA) has granted 510(k) clearance for its PillCam (Capsule endoscope) for remote endoscopy procedures
  • In March 2019, Cook Medical and Ambu A/S entered into a partnership under which Cook will distribute Ambu’s single-use, disposable duodenoscope in the United States

To read more about the latest highlights related to Endoscopes, get a snapshot of the key highlights entailed in the Endoscopes

Key Players in the Endoscopes Market

Some of the key market players operating in the Endoscopes market include Boston Scientific Corporation, CONMED Corporation, OLYMPUS CORPORATION, PENTAX Medical, FUJIFILM Holdings America Corporation, Stryker., Karl Storz GmbH & Co., KG, Richard Wolf GmbH., Medtronic, Machida Endoscope Co., Ltd, Pro Scope Systems, Laborie., AED.MD, EMED, Happersberger otofront GmbH, Optomic., EMOS Technology GmbH, Delmont imaging, Luxamed – Medical technology, Hangzhou Kangji Medical Instrument Co.,Ltd., Daichuan medical, and others.

COVID-19 Impact Analysis on the Endoscopes Market

The main drivers of the Endoscopes market are the increasing awareness of minimally invasive procedures that require no or little blood as well as the growing use of endoscopes in a variety of applications will support the endoscope industry. As a result, the need for the Endoscopes market will rise throughout the forecast period (2022-2027).

Additionally, the COVID-19 pandemic had a slight impact on the endoscope market. Due to the strict lockdowns implemented to stop the virus’s spread, there was a substantial shortage at the time the sickness first appeared. Compared to those with coronavirus, hospital admissions for patients with cancer and other chronic diseases were not given the same priority. Some medical gadget manufacturing was stopped. Additionally, during the epidemic, surgeries were briefly halted. The semi-urgent and elective cases have been postponed and canceled by endoscopy centers in order to lower the danger of COVID-19 transmission. However, the endoscopes market has gained traction as more people receive vaccinations.

Scope of the Endoscopes Market Report

  • Coverage: Global
  • Study Period: 2019–2027
  • Market Segmentation By Product Type: Conventional [Bronchoscopes, Duedonescopes, Colonscopes, Cystoscopes, Rhinoscopes, and Others, And Non-Conventional [Capsule Endoscopes And Robort-Assisted Endoscopes]
  • Market Segmentation By Application Type: Gastrointestinal, ENT, Oncology, Respiratory, Gynacology, Urology And Others
  • Market Segmentation By End User: Hospitals And Clinics, Ambulatory Surgical Centers And Other
  • Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
  • Key Endoscopes Companies:  Boston Scientific Corporation, CONMED Corporation, OLYMPUS CORPORATION, PENTAX Medical, FUJIFILM Holdings America Corporation, Stryker., Karl Storz GmbH & Co., KG, Richard Wolf GmbH., Medtronic, Machida Endoscope Co., Ltd, Pro Scope Systems, Laborie., AED.MD, EMED, Happersberger otofront GmbH, Optomic., EMOS Technology GmbH, Delmont imaging, Luxamed – Medical technology, Hangzhou Kangji Medical Instrument Co.,Ltd., Daichuan medical, among others

DelveInsight Analysis: The Global Endoscopes market size was valued at USD 12.95 Billion in the year 2021 and is anticipated to grow with a CAGR of 6.05% during the forecasted period (2022–2027)

Which MedTech key players in the Endoscopes market are set to emerge as the trendsetter explore @ Endoscopes

Table of Contents 

1 Endoscopes Market Report Introduction
2 Endoscopes Market Executive summary
3 Regulatory and Patent Analysis
4 Endoscopes Market Key Factors Analysis
5 Porter’s Five Forces Analysis
6 COVID-19 Impact Analysis on Endoscopes Market
7 Endoscopes Market Layout
8 Global Company Share Analysis – Key 3-5 Companies
9 Company and Product Profiles
10 Project Approach
11. About DelveInsight

Interested in knowing how the Endoscopes market will grow by 2027? Click to get a snapshot of the Endoscopes Market Analysis

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About DelveInsight

DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance.  

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