The Global Endoscopy Devices Market size is expected to reach $46.4 billion by 2024, rising at a market growth of 6.4% CAGR during the forecast period. The endoscopy devices are routinely used in diagnosis and therapy of various diseases. Increase in geriatric population along with rise in disorders related to gastrointestinal tract is also prime reasons for endoscopy devices to find tremendous applications. Furthermore, the growth in awareness about endoscopy devices, preference for minimally invasive endoscopic procedures, lower postoperative complications, and a faster recovery period are few of the many reasons that make the utilization of endoscopy devices rewarding in the study period.
Based on Product, the market is segmented into Endoscopes, Visualization & documentation systems, Mechanical endoscopy equipment, Accessories and Other Endoscopy Equipment. Endoscopes are further sub segmented into Endoscopic devices, Capsule endoscopy and Robot-assisted endoscopy. Endoscopic Devices is bifurcated into Flexibility and Type. Visualization & documentation systems Type segment is further sub segmented into Light sources. Camera heads, Wireless display & monitors, Endoscopy cameras, Carts, Digital documentation systems, Video processors & video convertors, Transmitters and receivers and others.
Mechanical endoscopy equipment Type is further sub segmented into Endoscopic implants, Biopsy forceps, Graspers, Trocars and Snares. Accessories Type is further sub segmented into Biopsy valves, Overtubes, Mouth pieces, surgical dissectors, Needle holders and needle forceps, Cleaning brushes, Light cables and other. Other Endoscopy Equipment is further sub segmented into Endoscopy ultrasound (EUS), Insufflators, Endoscopy fluid management systems and others. Based on Application, the market is segmented into Bronchoscopy, Arthroscopy, Laparoscopy, Urology endoscopy, Neuroendoscopy, Gastrointestinal endoscopy, Obstetrics/gynecology endoscopy, ENT endoscopy and others. Based on the End User, the market is segmented into Hospitals, Clinics and Other end users. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Conmed Corporation, Stryker Corporation, Medtronic Plc., Smith & Nephew Plc., Johnsons & Johnsons, Becton, Dickinson and Company, HOYA Corporation, Boston Scientific Corporation, Olympus Corporation and KARL STORZ GmbH & Co. KG.