Fact.MR – A Market research and competitive intelligence provider: The global endoscopy procedures estimates market was valued at US$ 223 Mn in 2021 and is expected to gain an important position in the market with a steady market size at a CAGR rate of 1.5% during the forecast period, 2022- 2032.
Asia Pacific is Expected To Hold A 44% Share In The Endoscopy Procedures Estimates Market
The Fact.MR market study on the Endoscopy Procedures Estimates Market provides deep dive into key developments in the Endoscopy Procedures Estimates Market. The report offers a comprehensive analysis of leading segments in terms of by application
Fact.MR – A Market research and competitive intelligence provider: The global endoscopy procedures estimates market was valued at US$ 223 Mn in 2021 and is expected to gain an important position in the market with a steady market size at a CAGR rate of 1.5% during the forecast period, 2022- 2032. The endoscopy procedures estimates industry is estimated to reach a market valuation worth US$ 263 Mn by 2032.
Global endoscopy procedure estimates reduced by 46% between 2019 and 2021. The COVID-19 pandemic has lessen the adoption of endoscopic procedures in 2021 when compared to 2019. The drop-in surgeries are attributed to the government’s recommendation to cancel all elective surgeries. Moreover, there was a shortage of healthcare professionals in major geographic regions, resulting in reduced endoscopy procedures at the end of 2020.
The growing number of cancers and gastrointestinal disorders, and the increasing preference for minimally invasive procedures. The technological advancements and rising burden of chronic non-communicable diseases across the globe are anticipated to increase the number of endoscopic procedures performed after COVID.
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Market growth will be fueled by developments in endoscopic devices that yield high-quality images of the digestive tract, as well as the development of new, cost-effective devices.
An increasing number of modern healthcare facilities, as well as increased awareness about minimally invasive surgery, will also contribute to the grow adoption of endoscopic procedures within this region.
The scarring after such a procedure is reduced. Globally, there are over 310 million major medical procedures performed each year, of which over 40 to 50 million are performed in the U.S. and over 20 million in Europe, according to data published in the International Journal of Surgery.
Key Takeaways:
- The Asia Pacific is expected to hold a 44% market share in the market for endoscopy procedures estimates as of 2022.
- The North American endoscopic procedures market is estimated to grow market size at a CAGR of 4%.
- By application, the gastroscopy segment is expected to dominate the market in 2022 with a 32% share.
Growth Drivers:
- The rising incidence of stomach, esophageal, and colon cancers is forecast to drive the demand for endoscopic surgery and boost the Endoscopy Procedures Estimates Market
- The growing preference for minimally invasive surgery over conventional methods will also lead to more endoscopic surgeries and is expected to boost the Endoscopy Procedures Estimates Market by the increasing number of surgeries performed
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Competitive Landscape:
The competitive landscape of the Endoscopy Procedures Estimates Market focuses on the technological advancements and growing burden of chronic non-communicable diseases across the globe are expected to increase the number of endoscopic procedures performed after COVID.
- Several major players dominate the market, making it highly competitive and fragmented. In order to recover the losses incurred by the pandemic and to strengthen their positions, the companies are taking various strategic initiatives. To expand their geographical presence and product offering, industry players engage in strategic mergers, acquisitions, and partnerships.
Key Companies Profiled by Fact.MR
- China Resources Phoenix Healthcare Holdings Company Limited
- Tenet Healthcare Corporation
- Surgical Care Affiliates
- AMSURG Corporation
- Ramsay Health Care
- Apollo Hospitals Enterprise Ltd
More valuable insights on the Endoscopy Procedures Estimates Market:
Fact.MR, in its report, offers a market analysis of the global Endoscopy Procedures Estimates Market the forecast period through 2022 and beyond. This survey reveals the growth of health in the Endoscopy Procedures Estimates Market with detailed
- By Application:
- Colonoscopy
- Gastrointestinal (GI) Endoscopy
- Laparoscopy
- Bronchoscopy
- Gastroscopy
- Duodenoscopy
- Cystoscopy
Key Questions covered in the Endoscopy Procedures Estimates Market Report
- What was the documented market value for endoscopy procedures estimates in 2021?
- At what value will endoscopy procedures estimates market close in 2022?
- What was the value CAGR for the market on endoscopy procedures estimates from 2015-2021?
- What is the expected market growth rate for endoscopy procedures estimates from 2022-2032?
- What is the anticipated closing market value for endoscopy procedures estimates in 2032?
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