Endoscopes Market 2023 Industry Size Key Vendors

Endoscopes Market 2023 Industry Size, Key Vendors, Growth Drivers, Opportunity, Forecast to 2032

Global Endoscopes Market Size By Product
(Disposable, Flexible, Rigid), By End-use (Clinics, Hospitals), By Application
(GI Endoscopy, Urology Endoscopy, others), Regions, Global Industry Analysis,
Share, Growth, Trends, and Forecast 2022 to 2030

The
global endoscopes
market is expected to grow from USD 15.8 Billion in
2021 to USD 32.1 Billion by 2030, at a CAGR of 8.2% during the forecast period
2022-2030. The increasing geriatric population globally is boosting the growth
of the market. The geriatric population is more prone to chronic diseases such
as orthopedic disorders, gastrointestinal disorders, cancer, and ophthalmic
disorders which need endoscopes for the examination as well as treatment of
these diseases. As per a report, the geriatric population is increasing by 2.6%
per year which is driving the growth of the endoscopes market. The use of
endoscopes for the diagnosis and treatment of several diseases is increasing as
these devices require no incision for the diagnosis. They can be inserted in
the body through any opening such as the mouth.

Get a sample PDF of the report @ https://www.thebrainyinsights.com/enquiry/sample-request/12686

The flexible endoscopes led the market with a
market value of around USD 7.7 billion in 2021.

The product type segment is divided into disposable, flexible, and
rigid. The flexible segment led the market with a market value of around 7.7
billion in 2021. This high share was due to its cost-effectiveness and high
efficiency. The flexible endoscopes are used in several surgical procedures
such as gastrointestinal endoscopy, laryngoscopy, laparoscopy, urology
endoscopy, and many others that are boosting the growth of the segment.

The Gastrointestinal (GI)
endoscopy segment is expected to grow at the fastest CAGR of 10.2% over the
forecast period.

The application segment is divided into
gastrointestinal (GI) endoscopy, laryngoscopy, obstetrics/gynecology endoscopy,
laparoscopy, otoscopy, arthroscopy, bronchoscopy, urology endoscopy
(cystoscopy), mediastinoscopy, and other applications. Over the forecast
period, the gastrointestinal (GI) endoscopy segment is expected to grow at the
fastest CAGR of 10.2%. The increasing geriatric population is driving the
growth of the segment as the endoscopes are largely used for the diagnosis and
treatment of diseases.

The hospitals’ segment
dominated the market, accounting for around USD 8.3 billion of global revenue

The end-user segment is divided into
ambulatory surgical centers (ASCs), clinics, and hospitals. In 2021, the
hospitals’ segment dominated the market, accounting for around USD 8.3 billion
of global revenue. Hospitals have a large of patients for the diagnosis and
treatment of chronic diseases because the favorable infrastructure is driving
the market growth.

Request a Customization on the report @ https://www.thebrainyinsights.com/enquiry/request-customization/12686

Regional Segmentation Analysis:

The market is analyzed based on five regions
namely North America, Europe, Asia Pacific, South America, and the Middle East
and Africa. North America region emerged as the largest market for the
endoscopes market with USD 6.6 billion of the market revenue in 2021.  The rising expenses on better healthcare
facilities and infrastructure are driving the growth of the market in this
region. North America also has a large geriatric population that needs better
endoscopy treatments for chronic diseases.

Competitive Analysis:

Key players are Artherx Inc., Boston Scientific
Corporation, Conmed Corporation, Cook Medical, Olympus Corporation, Fujifilm
Holding Corporation, Hoya Corporation, Covidien PLC., Johnson & Johnson,
and Medtronic PLC.