Endoscopy Market Development Trends and Growth Drivers Analysis by 2027

1. Endoscopy Market Study by Competitive Analysis and Future Prospects to 2027 • With increasing prevalence of chronic disorders across the globe and introduction of innovative treatment solutions for these disorders, endoscopy market is anticipated to witness tremendous growth over the coming years. Patients with severe chronic conditions are usually recommended to undergo endoscopic procedures as it helps the surgeons to look inside the body parts without performing major incisions. This has urged the industry players to develop advanced endoscopic devices facilitating improved visualization and navigation. For instance, Third Eye Panoramic system by Avantis Medical Systems provides up to a 330-degree view of the colon to the physicians which helps them in screening the folds and flexures of the colon. • According to Global Market Insights, Inc., endoscopy market size is expected to exceed USD 52.0 billion by 2027. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

2. In terms of the product type, endoscopic ultrasound segment was valued at around USD 1,210 million in 2020 and is projected to witness a robust CAGR of 8.1% through 2027. This can be attributed to the significant technological advancements in endoscopic ultrasound (EUS) devices. Over the past few years, incorporation of advanced design in devices and equipment has evoked the utility of EUS as therapeutic and diagnostic tools which is fostering the segment growth. • Based on application bifurcation, GI endoscopy segment is estimated to register substantial gains over coming years owing to rising prevalence of gastrointestinal disorders. One such severe GI disorder is Gastrointestinal tumor which has emerged as one of the leading causes of deaths around the globe. Increasing awareness campaigns pertaining to the GI disorders is augmenting the demand of GI endoscopic treatments. • Based on end-use bifurcation, hospital segment had recorded a substantial valuation of over USD 15,580 million in 2020 and is expected to grow exponentially over coming years. The growth can be credited to increasing patient inclination toward hospitals for their endoscopic procedures as they offer enhanced healthcare services and sophisticated medical devices. Growing government and private funding and favorable reimbursement scenario has further increased the preference for hospitals among patients. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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4. Regional Analysis • In terms of regional outlook, Brazil endoscopy market is anticipated to observe an appreciable growth over the coming years. It had dominated the overall LATAM endoscopy industry by registering a valuation of more than USD 321 million in 2020. This is majorly due to ongoing technological advancements and increasing number of patients with gastrointestinal disorders which is fueling the demand for endoscopic devices in the country. • Competitive Analysis • Key players in the market are: B. Braun Melsungen AG, Boston Scientific, Conmed Corporation, Cook Medical LLC, Ethicon US, LLC, Fujifilm Corporation, Hoya Corporation, Karl Storz, Medtronic, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC, Stryker © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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