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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. 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.<br><br>
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Global Endoscopy Equipment Market Research Report: Forecast (2024-2030) • GET SAMPLE REPORT • MARKNTEL ADVISORS
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Market Insights 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. 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. The swift FDA approvals for endoscopic technologies, the continuous investment in healthcare infrastructure improvement, and the growing disposable income of individuals, enabling them to afford endoscopic procedures, are other pivotal factors expected to propel the industry's growth in the forecast period.
Market Drivers Growing Preference for Minimally Invasive Surgeries for Chronic Disorders – The demand for endoscopy equipment has been experiencing a substantial surge owing to a rise in minimally invasive surgeries. This is mainly due to the growing awareness among patients grappling with a range of health issues, such as orthopedic disorders, neurological conditions, GERD, cancer, and others. Due to this, patients are increasingly inclined towards minimally invasive surgical (MIS) procedures as they offer numerous advantages, such as reduced postoperative discomfort, quicker recovery times, and shorter hospital stays. These benefits enhance the effectiveness of treatments and provide more cost-efficient and safer treatment compared to conventional open surgeries. Consequently, there is a rapid demand for endoscopic equipment. This heightened demand is fueled by the need to diagnose and treat the substantial patient population dealing with chronic disorders, hence collectively enhancing the Global Endoscopy Equipment Market size during 2024-30.
Market Segments 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)
Top 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, and others
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