As per current published report by Markntel Advisors the Endoscopy Equipment Market is estimated to grow at a CAGR of around 7.12% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Endoscopy Equipment Market Driver:
Growing Preference for Minimally Invasive Surgeries for Chronic Disorders – The demand for endoscopy equipment has been experiencing a substantial surge owing to a rise in minimally invasive surgeries. This is mainly due to the growing awareness among patients grappling with a range of health issues, such as orthopedic disorders, neurological conditions, GERD, cancer, and others. Due to this, patients are increasingly inclined towards minimally invasive surgical (MIS) procedures as they offer numerous advantages, such as reduced postoperative discomfort, quicker recovery times, and shorter hospital stays. These benefits enhance the effectiveness of treatments and provide more cost-efficient and safer treatment compared to conventional open surgeries.
Consequently, there is a rapid demand for endoscopic equipment. This heightened demand is fueled by the need to diagnose and treat the substantial patient population dealing with chronic disorders, hence collectively enhancing the Global Endoscopy Equipment Market size during 2024-30.
The Endoscopy Equipment Market has segmented the market into the following categories:
By Product
(Endoscopes, [Rigid, Flexible, Capsule, Disposable, Robot-assisted], Visualization System, [Endoscopic Camera, Standard Definition (SD) Visualization System, High Definition (HD) Visualization System,] Accessories, Others (Fluid Flushing Device, Valves, etc.)),
By Application
(Gastrointestinal (GI) Endoscopy Equipment, Laparoscopy, Obstetrics/Gynecology Endoscopy Equipment, Arthroscopy, Urology Endoscopy Equipment (Cystoscopy), Bronchoscopy, Others (ENT Endoscopy Equipment, Neuro Endoscopy Equipment, etc.)),
By End User
(Hospitals, Ambulatory Care Centers, Specialty Clinics)
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
Competitive Environment Featuring Key Players:
Arthrex Inc., B Braun Melsungen, Boston Scientific Corporation, CONMED Corporation, Ethicon Endo-Surgery, LLC (Johnson & Johnson), FUJIFILM Holdings Corporation, Intuitive Surgical, Inc., Karl Storz SE & Co. KG, Machida Endoscope Co., Ltd., Medtronic Plc (Covidien), Olympus Corporation, PENTAX Medical (HOYA), Richard Wolf GmbH, Smith & Nephew Plc, Stryker Corporation, and others
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-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter's Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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