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Endoscopy Equipment Market Worth $46.2 billion | MarketsandMarkets™ | ||||||||||||||||||||||||||||
By: PR Newswire Association LLC. - 28 Mar 2024 | Back to overview list |
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CHICAGO , March 28, 2024 /PRNewswire/ -- Endoscopy Equipment Market in terms of revenue was estimated to be worth $32.3 billion in 2024 and is poised to reach $46.2 billion by 2029, growing at a CAGR of 7.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth in this market is primarily driven by factors such as increasing prevalence of gastrointestinal diseases, rising demand for minimally invasive surgeries, technological advancements leading to enhanced imaging and procedural capabilities, expanding healthcare infrastructure, and growing awareness about early disease diagnosis and treatment. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=689 Browse in-depth TOC on "Endoscopy Equipment Market" 740 - Tables Endoscopy Equipment Market Scope:
"Based on product, the endoscopes segment is expected to account for the largest share of the endoscopy equipment market." In the forecast period, the endoscopes segment dominated the global endoscopy equipment market. This significant share can be credited to the increasing favouritism of minimally invasive procedures by both patients and healthcare professionals, along with the elevated uptake of such equipment by end users. Moreover, continuous advancements in endoscopy technologies contribute to the segment's substantial presence in the market. "On the basis of application, obstetrics/gynaecology endoscopy segment the endoscopy equipment market has accounted the third largest share in the forecast period." Based on application, the obstetrics/gynecology endoscopy segment of the endoscopy equipment market accounted the third largest market share in the forecast period. This growth subjected to the rising incidence of gynaecological conditions like endometriosis, uterine fibroids. Technological improvements in visualization systems and endoscopes, accessories tools like grasping tools are driving the growth of the gynecology endoscopy segment as well. "Based on end user, ambulatory surgery centers/clinics segment holds the second-highest market share in the endoscopy equipment market" Ambulatory surgery centers/clinics secure the second-largest market share in the endoscopy equipment market. This largest share comes from the increasing trend towards outpatient procedures due to their convenience and cost-effectiveness. Additionally, the rising demand for minimally invasive surgeries in these settings drives the adoption of advanced endoscopy equipment. As ambulatory surgery centers continue to grow in popularity, the demand for endoscopy equipment in these facilities is expected to witness steady growth in the foreseeable future. "Based on Region, Europe to possess the second largest market share in the endoscopy equipment market during the forecast period" Europe to possess the second largest market share in the endoscopy equipment market in the forecast period due to its rising investments towards medical technology, high adoption rates of advanced medical technologies, and increasing prevalence of gastrointestinal diseases. These factors drive demand for endoscopy equipment, positioning Europe as one of the leading market regions. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=689 Endoscopy Equipment Market Dynamics: Drivers: 1. Growing focus of hospitals to invest in technologically advanced endoscopy instruments and expand endoscopy units Restraints: 1. High overhead costs of endoscopy procedures with limited reimbursement in developing countries Opportunities: 1. Booming healthcare sector in developing economies Challenge: 1. Shortage of trained physicians and endoscopicts Key Market Players of Endoscopy Equipment Industry: Prominent players in the endoscopy equipment market include Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Stryker Corporation (US), Medtronic, plc (Ireland), Fujifilm Holdings Corporation (Japan), HOYA Corporation (Japan), Nipro Corporation (Japan), Smith & Nephew plc (UK), Intuitive Surgical, Inc. (US) A breakdown of the primary participants (supply side) for the endoscopy equipment market referred to for this report is provided below:
Recent Developments of Endoscopy Equipment Industry:
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=689 Endoscopy Equipment Market - Key Benefits of Buying the Report: The study will assist industry leaders/new entrants in this market by providing information on the closest approximations of the endoscopic equipment market and its segments. This research will assist stakeholders understand the competitive landscape, obtain insights to better position their firms, and develop appropriate go-to-market strategies. The study will also assist stakeholders in understanding the market pulse and obtaining information on major market drivers, constraints, opportunities, and challenges. This report provides insights into the following pointers:
Related Reports: Neurovascular Devices Market - Global Forecasts to 2028 Endoscope Reprocessing Market - Global Forecasts to 2027 Laparoscopic Instruments Market - Global Forecasts to 2026 Minimally Invasive Surgical Instruments Market - Global Forecasts to 2026 Medical Cameras Market - Global Forecasts to 2026 About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/endoscopy-equipment-market-worth-46-2-billion--marketsandmarkets-302102323.html SOURCE MarketsandMarkets |
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