Global Endoscopy Devices And Equipment Market Opportunities And Strategies For Major Players In The Endoscopy Devices And Equipment Market 2021-2030

The endoscopy devices and equipment market consists of sales of endoscopy devices and equipment and related services by entities (organizations, sole traders and partnerships) that manufacture endoscopy devices and equipment used in the diagnosis, treatment and monitoring of medical conditions and for conducting minimally invasive surgeries.

Global Endoscopy Devices And Equipment Market Size And Drivers:

The global endoscopy devices and equipment market reached a value of nearly $30.0 billion in 2020, having increased at a compound annual growth rate (CAGR) of 0.8% since 2015. The market is expected to grow from $30.0 billion in 2020 to $47.1 billion in 2025 at a rate of 9.4%. The market is then expected to grow at a CAGR of 6.8% from 2025 and reach $65.4 billion in 2030. The rising prevalence of chronic diseases is expected to be a major driver of the endoscopy devices and equipment market.

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Trends In The Global Endoscopy Devices And Equipment Market

Endoscopy devices and equipment manufacturers are increasingly integrating artificial intelligence (AI) in endoscopy devices. AI endoscopy systems use real-time data to detect the lesions with a visual maker and then process the images using advanced algorithms through a neural network. For instance, Olympus has launched ENDO-AID, an AI platform for endoscopy systems that also include endoscopy application CADe (computer-aided detection) for colorectal cancer. Medtronic launched the GI Genius module that uses AI to detect the presence of pre-cancerous lesions and it is approved by the US Food and Drug Administration (FDA).

Global Endoscopy Devices And Equipment Market Segments:
The global endoscopy devices and equipment market is further segmented based on product, application, end user and geography.
By Product: Endoscope, Endoscopy Operative Devices, Endoscopy Visualization Systems
By Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology endoscopy, Neuroendoscopy, Gastrointestinal endoscopy, Obstetrics/gynecology endoscopy, ENT endoscopy, Others
By End-User: Hospitals, Clinics, Others
By Geography: The global endoscopy devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global endoscopy devices and equipment market, accounting for 37.1% of the total in 2020.

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Endoscopy Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides endoscopy devices and equipment market overviews, analyzes and forecasts market size and growth for the global endoscopy devices and equipment market, endoscopy devices and equipment market share, endoscopy devices and equipment market players, endoscopy devices and equipment market segments and geographies, endoscopy devices and equipment market’s leading competitors’ revenues, profiles and market shares. The endoscopy devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.