Global Endoscopy Operative Devices Market Size Hit USD 13.22 Billion at a CAGR of 5.0% in 2030

The global endoscopy operative devices market size was USD 8.41 Billion in 2021 and is expected to register a revenue CAGR of 5.0% over the forecast period, according to the latest report by Reports and Data.

The rising frequency of age-related illnesses around the world along with the rising need for endoscopic operating equipment for diagnostic and therapeutic processes are likely to fuel market expansion. As they allow for little intervention and shorten the recovery time, these devices are essential for diagnosing and treating problems. Endoscopic operations are necessary for the treatment of endometriosis, gallstones, liver abscesses, pelvic abscesses, and intestinal perforations in the elderly population worldwide.

Endoscopes and operating devices are becoming more and more in demand, which could be the market’s main driver. Healthcare facilities such hospitals, cancer treatment facilities, oncology specialty clinics, endoscopy centres, and diagnostic centres are mushrooming all over the country. To meet the expanding need for diagnostic and therapeutic treatments among the patient population, developed and developing economies are continuously updating their healthcare infrastructure.

Companies profiled in the market report include Cook Medical Inc.; Medtronic; CONMED Corporation; Boston Scientific Corporation; Stryker; Ethicon Endo-Surgery, Inc.; Karl Storz; Richard Wolf GmbH; Fujifilm Holdings Corporation; Olympus

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Market Overview:

The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2022-2030. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.

The Endoscopy Operative Devices Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Endoscopy Operative Devices Market.

Further key findings from the report suggest,

• Due to the rise in endoscopic operations, the access devices sector held the highest market in 2020 at over 35.0%. Innovative, cutting-edge endoscopic access devices are being created by a number of important players to enhance endoscopies. Announcing the purchase of a controlling stake in PlasmaBiotics SAS, which develops, produces, and sells endoscope drying and storage equipment, was Pentax Medical in August of last year. With this acquisition, Pentax Medical’s cleanliness offerings would be strengthened, and the risk of cross-contamination would be reduced to improve patient safety during endoscopy.
• Due to the rising incidence of cancer and other chronic diseases, North America held the greatest revenue share of over 40.0% in 2020. Advanced endoscopic operational equipment are becoming increasingly popular for minimally invasive treatments, which is helping the industry expand. Moreover, the market is expanding due to the rising demand for endoscopies for diagnostic and therapeutic purposes. The North American market is being driven by rising healthcare costs and a continually changing healthcare infrastructure. Due to the expanding economies of China and India as well as the rising levels of disposable income in these nations, the Asia Pacific region is predicted to grow at the quickest rate during the projected period.
• For instance, in October 2017, Olympus Corporation increased its GI endoscopic device line with the announcement of 3-in-1 SB Knives that enable mucosal incision as well as controlled precision cutting.

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For the purpose of this report, Reports and Data has segmented the global endoscopy operative devices industry into Product Outlook, Application Outlook, Regional Outlook:

Product Outlook (Revenue, USD Billion; 2019-2030)

• Energy Systems
• Access Devices
• Suction & Irrigation Systems
• Hand Instruments
• Wound Retractors
• Snares

Application Outlook (Revenue, USD Billion; 2019-2030)

• Gastrointestinal (GI) Endoscopy
• Laparoscopy
• Obstetrics/ Gynecology Endoscopy
• Arthroscopy
• Urology Endoscopy (Cystoscopy)
• Bronchoscopy
• Mediastinoscopy
• Otoscopy
• Laryngoscopy
• Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

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 Key Advantages of Endoscopy Operative Devices Market Report:

• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Endoscopy Operative Devices industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Endoscopy Operative Devices Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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