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Global Endoscopy Market Insights:
The Global Endoscopy Market is projected to grow at a CAGR of around 6.8% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the rapidly increasing cases of chronic disorders and the growing awareness among patients about the availability of early detection & diagnosis of such diseases through MIS (Minimally Invasive Surgical) procedures.
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Global Endoscopy Market Definition:
Endoscopy is a nonsurgical procedure conducted to examine an individual’s digestive tract or any other internal tissues or organs using an endoscope, i.e., a flexible tube with a camera & light attached. This procedure is performed typically by gastroenterologists for the early diagnosis & treatment of chronic health conditions, such as GERD (Gastroesophageal Reflux Disease), stomach ulcers, celiac disease, GI (Gastrointestinal) disorders, or any other problem related to the digestive tract of an individual.
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Growth Restraint: Lack of Skilled Healthcare Professionals to Perform Endoscopic Procedures
In several countries across Asia-Pacific, Latin America, & Europe (excluding the UK), there’s a substantial shortage of medical professionals who can effectively perform endoscopic procedures and prevent the spread of infections. Moreover, inadequate reimbursement policies in developing countries refrain patients from opting for endoscopic procedures and, in turn, negatively impact the demand for endoscopes. Hence, these aspects are projected to act as major growth restraints for the Global Endoscopy Market during 2023-28.
Global Endoscopy Market Segmentation:
1. By Product
- Endoscopes
- Visualization System
- Accessories
- Others
2. By Application
- Gastrointestinal (GI) Endoscopy
- Laparoscopy
- Obstetrics/ Gynecology Endoscopy
- Arthroscopy
- Urology Endoscopy (Cystoscopy)
- Bronchoscopy
- Others (ENT Endoscopy, Neuro Endoscopy, etc.)
3. By End-User
- Hospitals
- Ambulatory Care Centers
- Specialty Clinics
Global Endoscopy Market Geographically Analysis:
4. By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Global Endoscopy Leading Companies:
- 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
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