Endoscopy Equipment Market Poised for Robust Growth, Forecasted to Expand at 7.12% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Endoscopy Equipment Market size is valued at around USD 29.81 billion in 2023 and is estimated to grow at a CAGR of about 7.12% during the forecast period, i.e., 2024-30. Report Coverage

This report offers a comprehensive analysis of the Endoscopy Equipment Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Endoscopy Equipment Market Overview

The market expansion is primarily fueled by the rising incidence of chronic diseases and the increasing awareness among patients regarding the availability of early detection & diagnosis through Minimally Invasive Surgical (MIS) procedures.

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Endoscopy Equipment Market Segmentation Outlook

The Endoscopy Equipment is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Product

• Endoscopes
  • Rigid
  • Flexible
  • Capsule
  • Disposable
  • Robot-assisted
• Visualization System
  • Endoscopic Camera
  • Standard Definition (SD) Visualization System
  • High Definition (HD) Visualization System
• Accessories
• Others (Fluid Flushing Device, Valves, etc.)

By Application

• Gastrointestinal (GI) Endoscopy Equipment
• Laparoscopy
• Obstetrics/Gynecology Endoscopy Equipment
• Arthroscopy
• Urology Endoscopy Equipment (Cystoscopy)
• Bronchoscopy
• Others (ENT Endoscopy Equipment, Neuro Endoscopy Equipment, etc.)

By End User

• Hospitals
• Ambulatory Care Centers
• Specialty Clinics

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Endoscopy Equipment Market Trend

AI-powered Endoscopy Equipment Transforming Diagnosis & Patient Care – Artificial Intelligence (AI) and Machine Learning are revolutionizing the field of endoscopy by significantly enhancing diagnostic capabilities and procedure guidance. AI-powered solutions for real-time image analysis have emerged as a prominent trend in the Global Endoscopy Equipment Market. These technologies can detect abnormalities, such as lesions or tumors, during procedures with greater accuracy & speed. As healthcare providers increasingly emphasize the need for efficiency and precision, the integration of AI & machine learning into endoscopy devices is on the rise. This heightened technological demand has led to collaborative efforts among endoscopy equipment manufacturers to develop & introduce AI-integrated products to the market.

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Top Endoscopy Equipment Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Arthrex Inc., B Braun Melsungen, Boston Scientific Corporation, CONMED Corporation, Ethicon Endo-Surgery, LLC (Johnson & Johnson), FUJIFILM Holdings Corporation, Intuitive Surgical, Inc., Karl Storz SE & Co. KG, Machida Endoscope Co., Ltd., Medtronic Plc (Covidien), Olympus Corporation, PENTAX Medical (HOYA), Richard Wolf GmbH, Smith & Nephew Plc, Stryker Corporation, and Others as key players shaping the market landscape.

Endoscopy Equipment Market News

• 2023, Karl Sortz acquired AventaMed, with the aim of becoming a cutting-edge collaborator for ENT surgeons in their pursuit of advanced endoscopic treatments, thus empowering various healthcare facilities to provide more effective solutions for their patients
• 2023, Fujifilm Holdings Corporation announced the expansion of its endoscopy solutions portfolio by unveiling the Clutch Cutter and Fush Knife in India.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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