Endoscopy Equipment Market Size, Scope, Growth

Luton, Bedfordshire, UK, August 01, 2022 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consultancy arm of Improve Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Endoscopy Equipment Market. The global endoscopy equipment market is driven by an increase in endoscopic procedures and a widespread preference for minimally invasive surgery. Due to their low tolerance to invasive procedures, susceptibility to diseases and health problems such as gastrointestinal problems, orthopedic diseases, eye disorders, cancer and others, the aging of the population has a considerable impact on endoscopic equipment needs. The endoscopy equipment market is witnessing huge growth potential owing to the increasing popularity of minimally invasive and endoscopic procedures.

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The expansion of the endoscopic market is attributed to an increase in endoscopic procedures due to age-related disorders, incidence of stomach cancer, and an increase in chronic urological diseases. Additionally, the development of new endoscopic technologies and the expansion of cancer screening techniques are driving the expansion of the market.

Major companies covered in the Endoscopy Equipment market are HOYA Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, CONMED Corporation, Medtronic Plc, Karl Storz GmbH & Co. KG, Smith & Nephew, Plc, Johnson & Johnson and Medrobotics Corporation.

Industry Outlook:

Olympus Company:

In April 2020, Olympus Corporation launched the EVIS X1 Endoscopy System for the diagnosis and screening of stomach, colon, and esophageal disorders, as well as bronchial diseases.

The acquisition of Olympus Corporation (Japan) and Quest Innovations BV (Netherlands) has enabled Olympus to strengthen its surgical endoscopy capabilities and integrate Quest’s advanced FIS capabilities into its comprehensive medical imaging portfolio .

Regional outlook:

Based on geography, the endoscopy equipment market can be divided into North America, Europe, Asia-Pacific, South America and Rest of the World. Due to the region’s highly developed healthcare infrastructure, widespread use of advanced technologies, high levels of patient awareness and increasing elderly population, the North American sector is expected to hold a 30% market share over the 2022-2028 projection period. Additionally, the rise in gastrointestinal and gastric diseases as well as high rates of obesity in the region are fueling the expansion.

Within the scope of Endoscopy Equipment market segmentation, our study presents market analysis based on type, market application and historical data:

Attributes Details (current scenario)
base year 2020-2021
Historical data 2019-2020
Forecast period 2022-2028
Regions covered
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa
By type/function
  • Endoscope
  • Mechanical endoscopic equipment
  • Visualization and documentation systems
  • Accessories
  • Others
By app
  • Hospitals & Clinics
  • Bronchoscopy
  • Arthroscopy
  • Laparoscopy
  • Urological endoscopy
  • Neuroendoscopy
  • Gastrointestinal endoscopy
  • Gynecological endoscopy
  • ENT endoscopy
  • Others
CAGR (XX%) 7.6 % (Analysis of the current market)
Personalization available Yes, the report can be customized according to your needs. (Free 15% customization)
delivery format PDF and Excel by e-mail

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Key benefits of the report:

-This study presents the analytical representation of the Global Endoscopy Equipment Market along with the current trends and future estimations to determine the upcoming investment pockets.

-The research report presents information related to key drivers, restraints, and opportunities, along with an in-depth analysis of the global Endoscopy Equipment market share.

-The current market is qualitatively and quantitatively analyzed from 2022 to 2028 to highlight the business scenario of the global Endoscopy Equipment market.

– Porter’s Five Forces analysis illustrates the strength of buyers and suppliers in the market.

-The report provides a detailed analysis of the global Endoscopy Equipment market based on the competitive landscape.

Frequently asked questions about this report:

  • Who are the major market players active in the Endoscopy Equipment Market?
  • What are the current trends that will influence the market in the coming years?
  • What are the driving characteristics, restraints and opportunities of the market?
  • What are the predictions for the future that would help take further strategic action?

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