About Endoscopy Equipment
An endoscopy is a procedure in which your doctor uses specialized instruments to view and operate on the internal organs and vessels of your body. It allows surgeons to see problems within your body without making large incisions. There are a few types of equipment that are used for this is known as Endoscopy Equipment. The equipment is Endoscope, Digital Colposcope, Bronchoscope, Sinuscope, Hysteroscope, Cystoscope, Gastroscopes, Endoscopy Machine, and various others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Endoscopy Equipment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ethicon, Inc. (United States) , Olympus Corporation (Japan) , Fujifilm Holdings Corporation (Japan) , Boston Scientific Corporation (United States) , Pentax Medical Corporation (Japan) , Stryker Corporation (United States) , KARL STORZ GmbH & Co. KG (Germany) , Smith & Nephew plc (United Kingdom) , Medtronic plc (Ireland) , Richard Wolf GmbH (Germany) and Cook Medical Incorporated (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Endoscopy Equipment market by Type (Endoscopes , Visualization Systems and Others), Application (Gastrointestinal (GI) Endoscopy, Laparoscopy, Obstetrics/Gynecology Endoscopy, Arthroscopy, Urology Endoscopy (Cystoscopy), Bronchoscopy, Mediastinoscopy, ENT Endoscopy and Others Applications) and Region.
On the basis of geography, the market of Endoscopy Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Endoscopy Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Trend of Surgeries that takes Minimal Time, With fewer scares
Market Growth Drivers:
Increasing Geriatric Population across Globe and Prevalence Diseases such as Orthopedic Diseases, Gastrointestinal conditions, among Others
Challenges:
Risk of Infections Associated with Endoscopy Equipment and Low Awareness Regarding Endoscopy Equipment in some Untapped Regions
Restraints:
The Dearth of Skilled Endoscopic Technicians can Hamper the Market and High Price of Endoscopy Equipment
Opportunities:
Demand for Rapid Recovery Propels, Which in turn rise in the Demand for Technologically Advanced Endoscopy Equipment and Spending more Investment in Emergency Economics Related to the Medical sector can offer a Profitable Expansion of the Market
Market Leaders and their expansionary development strategies
In October 2023, EndoSound and AdaptiveEndo have partnered to develop a single-use endoscopy device capable of simultaneous endoscopic ultrasound (EUS)/endoscopic retrograde cholangiopancreatography (ERCP) procedure. EUS is used as a diagnostic and therapeutic tool, which can be utilised to perform ESCP bile duct and pancreatic duct drainage procedures. Using EUS during ESCP reduces the procedure’s difficulty and increases the chance of success.
In October 2023, Olympus Corporation, a global medical technology company committed to making people's lives healthier, safer and more fulfilling, has launched of its next-generation EVIS X1™ endoscopy system. The EVIS X1 endoscopy system received clearance earlier this year along with two compatible endoscopes: the GIF-1100 gastrointestinal videoscope indicated for use within the upper digestive tract and the CF-HQ1100DL/I colonovideoscope indicated for use within the lower digestive tract.
Key Target Audience
Endoscopy Equipment Manufactures, Endoscopy Equipment Distributors, Potential Investors, Research and Organisations, Healthcare Sectors, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.