Meticulous Research®, a renowned global market research company, is pleased to announce the publication of its latest report titled, "Endotherapy Devices Market by Type (Needles, Biopsy Forceps, Balloon Dilators, Hemostasis, Snares, Catheters, Sphincterotomes, Guide Wires, Stents, Retrieval Nets), Application (Upper GI Endoscopy, Colonoscopy, Cystoscopy) - Global Forecast to 2030."

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The report predicts that the global endotherapy devices market will achieve a valuation of $7 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. This growth trajectory is driven by several factors including the increasing incidence of diseases necessitating endoscopic procedures, a rising prevalence of gastrointestinal disorders, a growing preference for minimally invasive surgeries, advancements in endotherapy technology, and an expanding elderly population.

However, market expansion is tempered by the high costs associated with endotherapy devices and the potential for device-related infections. Despite these challenges, emerging markets present significant growth opportunities, although a shortage of trained professionals could impede market progress.

Key Market Players: Prominent companies in the endotherapy devices market include:
Boston Scientific Corporation (U.S.), Olympus Corporation (Japan), Medtronic plc (U.S.), FUJIFILM Holdings Corporation (Japan), Cook Group Incorporated (U.S.), Conmed Corporation (U.S.), Hoya Corporation (Japan), Stryker Corporation (U.S.), KARL STORZ SE & Co. KG (Germany), Smith & Nephew PLC (U.K.), Micro-Tech (Nanjing) Co., Ltd. (China), Nipro Corporation (Japan), MEDIVATORS B.V. (Germany), The Cooper Companies, Inc. (U.S.), JOHNSON & JOHNSON (U.S.)

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Market Segmentation and Trends: The report segments the endotherapy devices market by type and application:
Type: Endotherapy Needles (Fine Needle Biopsy (FNB) System, Fine Needle Aspiration (FNA) System, Fine Needle Fiducial (FNF) System), Biopsy Forceps (Single-use and Reusable), Balloon Dilators, Hemostasis Systems, Hemoclips, Snares, Catheters (Dilatation, Ureteral, Coronary), Sphincterotomes, Guide Wires, Extraction Balloons, Extraction Baskets, Stents (Metal and Plastic), Distal Caps, Polyp Retrieval Traps, Retrieval Nets, and others.

Application: Upper Gastrointestinal (GI) Endoscopy, Colonoscopy, Cystoscopy, Bronchoscopy, Laryngoscopy, and other applications.

Market Highlights
The upper gastrointestinal (GI) endoscopy segment is expected to dominate the market in 2023, driven by its extensive use in procedures such as endoscopic retrograde cholangiopancreatography (ERCP), endoscopic submucosal dissection (ESD), and peroral endoscopic myotomy (POEM). The segment’s growth is supported by the increasing preference for minimally invasive devices, which help reduce complications, infections, and hospital stays.

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The stents segment is anticipated to register the highest CAGR during the forecast period. The preference for minimally invasive endoscopic stenting over balloon dilation, due to lower restenosis risk, is a major growth driver.

Geographic Analysis: The report provides a thorough analysis of major geographic regions:
North America: Expected to hold the largest market share in 2023, attributed to high awareness and adoption of endoscopic procedures, advanced healthcare infrastructure, and the presence of leading market players.
Europe, Asia-Pacific, Latin America, and Middle East & Africa: Each region is comprehensively analyzed, providing insights into market dynamics and regional growth opportunities.

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