“The endoscopy
equipment market projected to grow at a CAGR of 6.6% during the forecast period
(2019–2024).”
The global endoscopy
equipment market is projected to reach USD 35.2 billion by 2024 from an
estimated USD 25.6 billion in 2019 at a CAGR of 6.6% during the forecast
period. The key factors driving the growth of this market include growing
demand for endoscopy, growing investments, funds, and grants, rising number of
hospitals, and increasing hospital investments in endoscopy facilities, and technological
advancements. However, unfavorable healthcare reforms in the US and the high
cost of endoscopy procedures & equipment and limited reimbursement in
developing countries are expected to restrain the growth of this market.
“By application, the GI endoscopy segment
is expected to grow at the highest CAGR during the forecast period (2019–2024).”
Based on application, the market is
segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy,
obstetrics/gynecology endoscopy, urology, bronchoscopy, mediastinoscopy, ENT
endoscopy, and other applications.
The GI endoscopy applications segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the rising geriatric
population, improving healthcare infrastructure in developing countries, and the
increasing number of colonoscopy procedures performed in developed countries.
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“Asia Pacific (APAC) to witness the
highest growth during the forecast period (2019-2024)”
Asia Pacific is expected to witness the highest growth from 2019 to 2024.
The highest growth rate of the APAC market is
attributed to universal healthcare coverage and the presence of a
well-developed healthcare system in Japan, large patient population and
healthcare infrastructure improvements in China, and rising medical tourism in
India.
This report provides insights into the
following pointers:
Market Penetration: Comprehensive information on the product portfolios of the
top players in the endoscopy equipment market. The report analyzes the market
based on the product, application, and end-user
Product Development/Innovation: Detailed insights on upcoming technologies,
research and development activities, and product launches in the endoscopy
equipment market
Market Development: Comprehensive information about lucrative emerging
markets. The report analyzes the markets for various endoscopy equipment across
regions
Market Diversification: Exhaustive information about products, untapped
regions, recent developments, and investments in the endoscopy equipment market
Competitive Assessment: In-depth assessment of market shares, strategies,
products, distribution networks, and manufacturing capabilities of the leading
players in the endoscopy equipment market
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