Endoscopy Equipment: Technological Advancement Impacting Global Industry

Posted by Dheeraj Shaha on November 26th, 2019

The key factors driving the growth of endoscopy equipment market include the growing investments, funds, and grants, growing demand for endoscopy, technological advancements, and rising number of hospitals and increasing hospital investments in endoscopy facilities.

Endoscopes accounted for the largest share of the market in 2018, and this segment is also estimated to grow at the highest CAGR during the forecast period. The dominant market share and growth rate of this segment can be attributed primarily to the rising adoption of minimally invasive procedures, increasing technological advancements, and the use of disposable endoscopes.

The hospital segment is expected to register the highest CAGR during the forecast period. This can be attributed to increasing government and private funding and the growing preference among physicians and patients to perform endoscopic procedures in a hospital-based environment.

The GI endoscopy applications segment is expected to command the largest share of the market and grow at the highest CAGR during the forecast period. Rising geriatric population, improving healthcare infrastructure in developing countries, and an increasing number of colonoscopy procedures performed in developed countries, are some factors supporting the growth of this applications segment. 

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Q: What is the market size of Endoscopy Equipment Market?
Ans: The global size of Endoscopy Equipment Industry is projected to reach USD 35.2 billion by 2024, from an estimated USD 25.6 billion in 2019

Q: What is the forecast period considered in Endoscopy Equipment Industry Report?
Ans: Forecast period considered for Endoscopy Equipment Market is 2019–2024.

Q: What is the growth rate of Endoscopy Equipment Market?
Ans: The Endoscopy Equipment Industry is growing at a CAGR of 6.6%

Q: What segments are covered in Endoscopy Equipment Forecast Report?
Ans: Segments covered in Endoscopy Equipment Market are Product, Application, End User and Region.

Q: What geographies are covered in Endoscopy Equipment Industry Analysis Report?
Ans: Major geographies covered in Endoscopy Equipment Market are North America, Europe, the Asia Pacific, and the Rest of the World.

Q: Who are the key market players in Endoscopy Equipment Market Research Report?
Ans: The major players in the global market include Olympus (Japan), KARL STORZ (Germany), Stryker (US), Boston Scientific (US), Ethicon (US), Fujifilm Corporation (Japan), Medtronic (Ireland), Hoya Corporation (Japan), Richard Wolf GmbH (Germany), Smith & Nephew (UK), Cook Medical (US), and B. Braun (Germany).

Q: Which region accounted for largest share in Endoscopy Equipment Market?
Ans: The North America region accounted for the largest share of the market in 2018

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Dheeraj Shaha

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Dheeraj Shaha
Joined: July 3rd, 2019
Articles Posted: 197

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