Endoscopy Equipment Market Insights, Share & Growth Trends 2024 to 2030
Markntel Advisors’ report, Endoscopy Equipment Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Endoscopy Equipment presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Endoscopy Equipment Market Research Report & Market Summary:
The Global Endoscopy Equipment Market size is valued at around USD 29.81 billion in 2023 and is estimated to grow at a CAGR of about 7.12% during the forecast period, i.e., 2024-30. The market expansion is primarily fueled by the rising incidence of chronic diseases and the increasing awareness among patients regarding the availability of early detection & diagnosis through?Minimally Invasive Surgical (MIS)?procedures.
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Endoscopy Equipment Market Dynamics:
Key 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.
Endoscopy Equipment Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Product
Flexible Endoscopes hold the dominating share of the Global Endoscopy Equipment Market. Flexible endoscopy (FE) is preferred as the first-line therapeutic, owing to its capability to perform under sedation & LA (Local Anesthesia) and cost-effectiveness as it doesn't require patient hospitalization. These devices have become a cornerstone in various medical procedures, including GI endoscopy, Laparoscopy, Urology Endoscopy, OGD (Esophagogastroduodenoscopy), Bronchoscopy, Sigmoidoscopy, Laryngoscopy, Pharyngoscopy, Nasopharyngoscopy, Rhinoscopy, and Colonoscopy.
By Application
Gastrointestinal (GI) endoscopy is poised to maintain its global dominance in the Endoscopy Equipment Market during the forecast period.
By End User
By Region
North America is the largest market for endoscopy in the world and is expected to remain so in the coming years. This is due to the increasing prevalence of chronic diseases such as cancer and gastrointestinal disorders, the rising demand for elective endoscopy procedures, the aging of the population, and the need for modern healthcare facilities supported by high government & private sector spending are a few aspects contributing in the regional market expansion.
As indicated in the latest market research report published by Markntel Advisors, “Endoscopy Equipment Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Endoscopy Equipment industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
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Top Companies Operating in the Endoscopy Equipment Market:
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