Global Sales of Endoscopes to Accumulate a Market Value of US$ 34 Bn by 2032

North America is Expected to Hold More than 40% of Endoscopes Market Share

In a recent market study, Fact.MR covers recent developments in the global endoscopes market, highlighting vital aspects such as trends, drivers, opportunities, and restraints. The report studies recent developments in the segments of the market in terms of product, application and end use.

Fact.MR – A Market Research and Competitive Intelligence Provider: The demand for endoscopes has climbed up the market size of endoscope market to 9% CAGR in 2021. Minimally invasive surgical procedures are rising in market to reduce patient trauma. And it has proven a significant growth accelerator in that period.

COVID-19 pandemic period, there were multiple fluctuations in endoscope market demand. There was a shortage that exists at the onset of disease that attributed the imposition of stringent lockdowns to lower the spread and infection of the virus. The demand and supply endoscope market fell down and made the industry unsteady. Gradually the prospects become optimistic then it made the need of scan back into performance. Patients started using endoscope for scanning purpose and much suggested appropriate treatment.

For Critical Insights On This Market, Request For More Info

https://www.factmr.com/connectus/sample?flag=S&rep_id=7118

Increasing FDA approvals and favourable reimbursement policies given by the healthcare sectors will provide a high rise in demand of endoscope in future. Ultimately, the sales of endoscopes will also go high in the market. It is expected to reach 34 Bn by registering the market size to 10% CAGR by 2032.

Increasing prevalence of functional gastrointestinal disorders, such as Irritable Bowel Syndrome (IBS), functional dyspepsia and functional constipation is expected to rise the usage of endoscopy devices. Thus, the aforementioned factors are the major advantage to endoscopes on a large scale. Due to this, the demand for endoscopes is expected to jump up high.

Key Takeaways:

• Obesity has become a serious health problem across globe. This is due to sedentary lifestyle and diets. It is accomplice with lot of gastrointestinal disorders. Moreover, indigestion caused due to being lactose intolerant, improper diagnosis and ignorance is pushing patients to test themselves with the help of endoscopes.
• Asia pacific key players are started implementing the usage of endoscopes widely. This increased the market share of endoscope to 35%
• Endoscopes industry is projected to account for around 40% market share throughout North America.
• The maximum number of surgeries performed in hospitals has given a wide numbers. So, hospitals are estimated to take over the market share of endoscopes to 50%
• Flexible endoscopes are expected to rise up high to 45% market share for endoscopes.

Growth Drivers:

• Healthcare professionals are preferring the usage of first-line therapeutic option as treatment that can be performed by sedating patients. It is also cost-effective, provides safety and high-efficiency properties. This led to accelerate the use of flexible endoscopes.
• Surgeries performed in hospitals are rising high in numbers. In addition, increasing product preference among patients for chronic diseases treatment is derived from hospitals. Moreover, reimbursement policies and favourable infrastructure is propelling the growth of hospitals. This made the market growth of endoscopes to reach high in value.

To learn more about Endoscopes Market, you can get in touch with our Analyst at

https://www.factmr.com/connectus/sample?flag=AE&rep_id=7118

Competitive Landscape:

In January 2021, Olympus Corp completed the acquisition of Quest Photonic devices. The company invents endoscopes to offer better treatments to patients across globe.

This will make the market share of endoscopes to rise high in future. And the estimated market value to reach by 2032 is 34 bn.

Key Players in the Endoscopes Market Include:

• Olympus Corp.
• Richard Wolf Medical Instruments
• CONMED Corp.
• Ethicon US, LLC
• FUJIFILM Holdings Corp.
• Medtronic
• Stryker
• Boston Scientific Corp.

More Valuable Insights on Endoscopes Market

Fact.MR provides an unbiased analysis of the endoscopes market, presenting forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global endoscopes market with a detailed segmentation on the basis of:

• By Product
  • Rigid Endoscopes
    • Laparoscopes
    • Arthroscopes
    • Other Rigid Endoscopes
    • Urology Endoscopes
    • Cystoscopes
    • Gynaecology Endoscopes
    • Neuroendoscopes
  • Flexible Endoscopes
    • Upper Gastrointestinal Endoscopes
    • Rhinoscope
    • Bronchoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Colonoscopes
    • Sigmoidoscopes
    • Laryngoscopes
    • Pharyngoscopes
  • Other Flexible Endoscopes
    • Capsule Endoscopes
    • Disposable Endoscopes
    • Robot Assisted Endoscopes
• By Application
  • Laparoscopy
  • Otoscopy
  • Laryngoscopy
  • Urology Endoscopy (Cystoscopy)
  • Bronchoscopy
  • Gastrointestinal (GI) Endoscopy
  • Obstetrics/Gynecology Endoscopy
  • Arthroscopy
  • Mediastinoscopy
  • Other Applications
• By End Use
  • Ambulatory Surgery Centers/Clinics
  • Hospitals
  • Other End Uses

Key Questions Covered in Endoscopes Market Report

• How much is the endoscopes industry likely to be worth in 2022?
• At what rate will the endoscopes industry grow from 2022-2032?
• What was the value CAGR for the endoscopes market from 2015 to 2021?
• How much is the endoscopes market like to be valued by 2032?
• What are the key trends driving endoscopes sales?
• Who are the prominent endoscopes market players?
• Which type of product is expected to hold the highest share for sales?
• Which type of end user is expected to hold the highest share for sales?
• How much is the North America endoscopes industry worth?
• How much is the Asia Pacific endoscopes industry worth?

Explore Fact.MR’s Coverage on the Healthcare Domain –

Non-Invasive Ultrasound Stimulation Market Scope - The market for non-invasive ultrasound stimulation is being driven by the rising prevalence of neurological illnesses and the growing baby boomer demographic, both of which are linked to brain disorders.

Ultrasound Systems Market Forecast - Over the last few years, demand for ultrasound systems has continuously increased, with manufacturers responding by incorporating cutting-edge technologies. Ultrasound system vendors have seen substantial growth in the previous five years, thanks to developments in hospitals and diagnostic centers

Endoscopy Ultrasound Market Analysis - Technological advancements and increased awareness are significant growth factors. Endoscopy ultrasound procedures cost much lesser than other techniques such as Endoscopic Retrograde Cholangiopancreatography (ERCP). The global market has benefited as a result of these reasons

Non-Invasive Ultrasound Stimulation Market Trends - The market for non-invasive ultrasound stimulation is being driven by the rising prevalence of neurological illnesses and the growing baby boomer demographic, both of which are linked to brain disorders

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Source: Fact.MR