The Endoscopy Market is set to grow at around 6.8% CAGR during 2023-28, predicts MarkNtel Advisors in their recent research study. It comprises a comprehensive analysis of the industry’s latest trends, developments, drivers, restraints, challenges, & opportunities, as well as its projected growth trajectory across different segments & geographies in the forecast years.
Further, the report also highlights the prominent aspects depicted in the form of diagrams, pie charts, tables, graphs, & other pictorial representations that would contribute to the market expansion in the future. Through this information, stakeholders will be able to comprehend the changing dynamics of the Endoscopy Market and better plan & layout strategies in order to widen their visibility, product portfolio, & customer base and yield massive profits. In the report, the historical period considered is 2018-21, the base year 2022, and the forecast period, as cited above, is 2023-28.
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Key Highlights from the Endoscopy Market Analysis –
➤This study is a compilation of key factors impacting the industry dynamics, including growth drivers, restraints, opportunities, challenges, and emerging & high-potential segments & geographies, among others.
➤Detail-driven, accurate, and reliable information associated with the latest trends in the industry to help stakeholders or investors make informed decisions before they make investments.
➤A comprehensive review of the leading companies in the Endoscopy Market, comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other aspects.
➤Fund estimation put in by private firms & governments for the industry’s expansion, along with insights into each segment & geographic location, are also covered in this report.
Endoscopy Market Major Growth Driver and Upcoming Challenges –
- Increasing Need for the Early Detection & Diagnosis of Chronic Disorders
The world is seeing an increase in the number of minimally invasive surgeries, owing to increased awareness among patients suffering from orthopaedic disorders, neurological disorders, GERD, and cancer, among other things. Several patients are becoming more interested in MIS procedures because of the benefits such as less postoperative pain, faster recovery, and shorter hospital stays, which make these surgeries much more effective, cost-effective, and safe than traditional open surgeries. As a result, as previously stated, there is a rapidly increasing demand for endoscopes worldwide to early diagnose and treat the massive patient pool of chronic disorders, which will drive the Endoscopy Market during 2023-28.
- Lack of Skilled Healthcare Professionals to Perform Endoscopic Procedures
There is a significant shortage of medical professionals who can effectively perform endoscopic procedures and prevent the spread of infections in several countries across Asia-Pacific, Latin America, and Europe (excluding the United Kingdom). Furthermore, insufficient reimbursement policies in developing countries discourage patients from undergoing endoscopic procedures, reducing demand for endoscopes. As a result, these factors are expected to be major growth restraints for the Endoscopy Market between 2023 to 2028.
Endoscopy Market Segmentation:
The segmentation analysis section of the report focuses on the Endoscopy Market performance across different segments & geographies, which can aid stakeholders in strategizing their investments in order to widen their visibility, product portfolio, & customer base and, in turn, generate significant revenue in the forecast years.
Market Divided into, By Product
-Endoscopes
–Rigid
–Flexible
–Capsule
–Robot-Assisted
-Visualization System
-Accessories
-Others
Market Divided into, By Application
-Gastrointestinal (GI) Endoscopy
-Laparoscopy
-Obstetrics/ Gynecology Endoscopy
-Arthroscopy
-Urology Endoscopy (Cystoscopy)
-Bronchoscopy
-Others (ENT Endoscopy, Neuro Endoscopy, etc.)
Market Divided into, By End-User
-Hospitals
-Ambulatory Care Centers
-Specialty Clinics
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Geographically, the Endoscopy Market expands across regions: –
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Competitive Landscape:
Under this section, detailed information on company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects, have been examined. All insights into companies have been curated only after thoroughly studying their hold in the industry to help investors make informed decisions before investing.
-Arthrex Inc.
-B Braun Melsungen
-Boston Scientific Corporation
-CONMED Corporation
-Ethicon Endo-Surgery, LLC (Johnson & Johnson)
-FUJIFILM Holdings Corporation
-Intuitive Surgical, Inc.
-Karl Storz SE & Co. KG
-Machida Endoscope Co., Ltd.
-Medtronic Plc (Covidien)
-Olympus Corporation
-PENTAX Medical (HOYA)
-Richard Wolf GmbH
-Smith & Nephew Plc
-Stryker Corporation
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