Endoscopy Equipment Market to Reach USD 35.23 billion by 2024 - Major Market Dynamics and Their Impact

Author : BloggerDJ
Publish Date : 2021-02-16 11:56:14
Endoscopy Equipment Market to Reach USD 35.23 billion by 2024 - Major Market Dynamics and Their Impact

This report aims to provide detailed insights into the global endoscopy equipment market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.

Key Factors Driving Market Growth:

The key factors driving the growth of endoscopy equipment market include favorable government initiatives, rising number of hospitals and growing hospital investments in endoscopy facilities, technological advancements, and rising prevalence of diseases that require endoscopy.

Expected Revenue Growth:

The global endoscopy instruments market is projected to reach USD 35.2 Billion by 2024 from an estimated USD 25.6 Billion in 2019, at a CAGR of 6.6% during the forecast period.

Browse 454 market data Tables and 44 Figures spread through 385 Pages and in-depth TOC on "Endoscopy Equipment Market"

By product, the endoscopes segment is expected to account for the largest share of the endoscopy instruments market in 2018

On the basis of product, the Endoscopy Equipment Market is segmented into endoscopes, visualization equipment, other endoscopy equipment, and accessories. In 2018, the endoscopes segment is expected to account for the largest share of the global market. The large share of this segment can be primarily attributed to rising adoption of minimally invasive procedures, increasing technological advancements, and disposable endoscopes along with the corresponding need to repeat the purchase of single-use products.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=689

By application, the GI endoscopy segment is estimated to dominate the market in 2018

Based on application, the endoscopy instruments market is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology, bronchoscopy, mediastinoscopy, otoscopy, laryngoscopy, and other applications (endoscopies for facelifts, forehead lifts, abdominoplasty procedures, and breast augmentation). GI endoscopy applications are expected to command the largest share of the Endoscopy Equipment Industry in 2017. The large share of this segment can be attributed to the rising geriatric population, improving healthcare infrastructure in developing countries, and the increasing number of colonoscopy procedures performed in developed countries.

Hospitals are expected to hold the largest market share in 2018

Based on end users, the endoscopy instruments market is segmented into hospitals, ambulatory surgical centers (ASCs)/clinics, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy services). The hospitals segment is expected to command the largest share of the Endoscopy Equipment Market in 2017. The large share of this segment can be attributed to increasing government and private funding and the growing preference among physicians and patients to perform endoscopic procedures in a hospital-based environment.

North America to dominate the endoscopy instruments market in 2018

In 2017, North America is expected to account for the largest share of the Endoscopy Equipment Market, followed by Europe. Factors such as a favorable reimbursement scenario in the US, rising incidence of cancer, increasing investments by hospitals to purchase new endoscopic equipment, increasing research activities to improve endoscopy, and implementation of a new funding model for Canadian hospitals are contributing to the large share of North America.

Request Sample Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=689

The key players in the global Endoscopy Equipment Market are Olympus (Japan), KARL STORZ (Germany), Stryker (US), Boston Scientific (US), Ethicon (US), Fujifilm (Japan), Medtronic (Ireland), Hoya (Japan), CONMED (US), Richard Wolf GmbH (Germany), Smith & Nephew (UK), Cook Medical (US), Cogentix Medical (US), and B. Braun (Germany).

The Olympus Corporation dominated the endoscopy equipment industry in 2018. In the field of endoscopy, the company offers endoscopes, visualization systems, other endoscopy equipment, and accessories.

The company has a widespread presence across the Americas, Africa, Western/Eastern Europe, the Middle East, Asia, and Oceania. The firm also aims to enter new markets by establishing training centers in China and elsewhere in Asia to increase the adoption of endoscopic procedures in rapidly growing emerging nations. Olympus commands the world’s highest market share in gastrointestinal endoscope operations.



Category : business

4 Niche eCommerce Markets to Target For Marketplace Business in 2021

4 Niche eCommerce Markets to Target For Marketplace Business in 2021

- If you are looking to create an online niche marketplace, here are some ideas you can try in 2021 for a successful business.


Aerospace Materials Market Report, Size with Growth Research 2021 - Comprehensive Insights

Aerospace Materials Market Report, Size with Growth Research 2021 - Comprehensive Insights

- The global Aerospace Materials market was stood around $34 billion in 2020 and is expected to grow at a CAGR of above 7% between 2021-2027.


When you are dealing with a complex problem, it is usually better to build

When you are dealing with a complex problem, it is usually better to build

- When you are dealing with a complex problem, it is usually better to build upon what already works. Any idea that is currently working has passed


Reach Out To Your Customers: The Power Of Email Marketing

Reach Out To Your Customers: The Power Of Email Marketing

- harder to make a deal and convince someone you deserve a better price on a vehicle if you are draped in expensive clothing. While you want to appear neat and ct