Meticulous Research®—a leading global market research company—published a
research report titled, ‘Endoscopy Equipment Market by Type (Endoscope [Flexible,
Rigid, Capsule], Visualization System, Accessories [Insufflators, Mouthpieces],
Software), Application (Colonoscopy, Arthroscopy, Bronchoscopy, Laryngoscopy),
End User - Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the global endoscopy
equipment market is projected to reach $59.8 billion by 2029, at a CAGR of 5.8% during
the forecast period 2022–2029. The rising prevalence of target diseases, technological
advancements in endoscopy, growing preference for minimally invasive procedures,
and advanced screening programs for cancer are the factors driving the growth of this
market. Additionally, untapped opportunities in developing countries are creating
opportunities for market growth.
Endoscopy Equipment Market: Future Outlook
The global endoscopy equipment market study is segmented by Product (Endoscopes
[Rigid Endoscopes, Flexible Endoscopes, Capsules Endoscopes, Disposable/Single
Use Endoscopes, Robot-Assisted Endoscopes], Visualization Equipment [Visualization
Systems {Standard Definition (SD) Systems, High Definition (HD) Systems},
Visualization Components], Other Equipment, Accessories [Insufflators, Mouthpieces,
Light Cables, Other Accessories], Software), Application (Upper Gastrointestinal (GI)
Endoscopy, Colonoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Urology
Endoscopy, Bronchoscopy, Laryngoscopy, Other Applications), End User (Hospitals &
Clinics, Ambulatory Surgery Centers, Other End Users) And Geography. The study also
evaluates industry competitors and analyzes their market share at global and regional
levels.
Based on type, in 2022, the endoscopes segment is expected to account for the largest
share of the global endoscopy equipment market. Endoscopes are the primary
component of any endoscopy equipment. Technological advancements in endoscopes
and the high volume of endoscopies performed annually due to the high burden of
chronic diseases contribute to this segment's large market share.
Based on application, in 2022, the upper gastrointestinal (GI) endoscopy segment is
expected to account for the largest share of the endoscopy equipment market. The high
prevalence of target diseases such as cancers and celiac diseases is a key factor
supporting the largest share. Globally, GI cancers are the most common type of cancer,
accounting for 1 in 4 cancer cases (Source: WHO, 2020). Upper GI endoscopy is the
common most type of endoscopy used to detect stomach cancers; hence, it
contributes to the large market share of this segment.
Based on end user, in 2022, the hospitals & clinics segment is expected to account for
the largest share of the global endoscopy equipment market. Hospitals & clinics are
mainly considered the primary points of care in health systems and treatments. The
high patient population reaching out to hospitals for the diagnosis and treatment of
chronic disorders is a key factor contributing to the large market share of this segment.
This research report analyzes major geographies and provides a comprehensive
analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy,
Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of
Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America) and the Middle East
& Africa.
Based on geography, in 2022, North America is expected to account for the largest
share of the endoscopy equipment market, followed by Europe and Asia-Pacific. In
2022, the U.S. is expected to account for the largest share of the endoscopy equipment
market in North America. The market is primarily driven by the high prevalence of
chronic diseases and a strong focus on research activities to innovate endoscopic
technologies.
The key players operating in the global endoscopy equipment market are Boston
Scientific Corporation (U.S.), Johnson & Johnson Services, Inc. (U.S.), Richard Wolf
GmbH (Germany), FUJIFILM Holdings Corporation (Japan), Olympus Corporation
(Japan), Stryker Corporation (U.S.), Medtronic Private Limited (Ireland), Nipro
Corporation (Japan), MEDIVATORS B.V. (Germany), HOYA CORPORATION (Japan), and
The Cooper Companies, Inc. (U.S.).
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Key questions answered in the report-
• Which are the high-growth market segments in terms of type, application, end
user, and geography?
• What was the historical market for endoscopy equipment across the globe?
• What are the market forecasts and estimates for the period 2022–2029?
• What are the major drivers, restraints, opportunities, and challenges in the global
endoscopy equipment market?
• Who are the major players in the global endoscopy equipment market?
• How is the competitive landscape, and who are the market leaders in the global
endoscopy equipment market?
• What are the recent developments in the endoscopy equipment market?
• What are the different strategies adopted by the major players in the endoscopy
equipment market?
• What are the geographic trends and high growth regions/countries?
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