Endoscopy Device Market By Product Type, By End User, and Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Published : 3 years ago, on 17/09/2021

Endoscopy Device Market Size And Forecast

The global Endoscopy Device market was valued at US$ 14,384.0 Mn in 2018 and is projected to reach US$ 27,622.6 Mn by 2027, growing At a CAGR of 9.8% from 2020 to 2027.

Endoscopy is a minimally invasive medical device used to view an internal organ or even a tiny tissue at a time, without causing damage to the organ. Endoscopes have been used for imaging since the 1970s, but their scope has widened greatly since then. Endoscopy is the detection and localization of small growths that may be cancerous. These small growths are injected with an anesthetic and they are viewed with an endoscope camera that has a thin optical lens attached.

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What are Endoscopy Device?

Fiberoptic endoscopic devices consist of flexible tubing that contains a series of lighted mirror lenses and optic fibers. These instruments transmit light around corners, twists, and bends, allowing direct visualization of body systems not easily visualized by other means. Endoscopy devices are used as both diagnostic and therapeutic devices that serve clinical solutions to the world by allowing close examination of internal organs and body structures. As opposed to conventional imaging devices like X-rays, endoscopic devices possess a tube-like instrument called endoscope, inserted directly inside the organ which provides comprehensive details of the organs under study.

Endoscopy applications have been applied to many surgical procedures over the years. Endoscopy has been used to detect and treat Crohn’s disease, oral cavities, ear infections, ovarian and colon cancers, and more. The scope of endoscopy devices has been further segmented by area of application, and location. Endoscopy is less invasive than many of today’s major surgeries and has a shorter recovery time for patients. Endoscopy is not covered by most insurance plans, and the use of specialized endoscopes for non-life-threatening diseases is considered unnecessary and even risky.

The rising prevalence of gastrointestinal diseases in the world is the main factor that is driving the growth of the global endoscopy device market. For instance, according to National Center for Biotechnology Information, around 6 to 60 billion cases of gastrointestinal diseases are diagnosed every year. Moreover, the key market players are focusing on launching new products and services in the market in order to fight this rising incidence of gastrointestinal diseases, which is enhancing the growth of the global endoscopy device market.

Endoscopy can be executed for various reasons. The most common reason for endoscopy, however, is the detection and diagnosis of abnormal growths, diseases, and tumors in the upper digestive system and throat. In this process, endoscopy tools are inserted into the mouth and nose to view the structure and location of these organs; in addition, x-rays are also performed during the same time so that the doctor can identify whether or not the patient has swallowed some materials that have been ingested. However, the cost of endoscopy device is the main restraining factor that is hindering the growth of the global endoscopy device market.

Detailed Segmentation

By Product Type:

• • Rigid Endoscopes
  • Flexible Endoscopes
  • Endoscopic Visualization Systems
  • Endoscopic Accessories

By End User:

• • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Others

Endoscopy Device Market by Geography Analysis::

North America (The US, Canada, and Mexico)

Europe (the UK, Germany, France, and Rest of Europe)

Asia Pacific (China, India, and Rest of Asia Pacific)

Latin America (Brazil and Rest of Latin America)

Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Key Players In Endoscopy Device Market

The “Global Endoscopy Device Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Artherx Inc., Boston Scientific Corporation, Conmed Corporation. Covidien

Reasons to Purchase this Report

Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

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