Endoscopy Devices Market Size, Share, Growth, and Global Outlook to 2029 | DataMIntelligence

DataM Intelligence
The Global Endoscopy Devices Market is expected to grow at a CAGR of 5.40% during the forecasting period (2022-2029).

Market Overview

The global endoscopy devices market was valued at USD XX million in 2019 and is estimated to reach USD XX million by 2028, with a CAGR of XX% during the forecast period (2022-2029).

The increasing prevalence of cancer is boosting the global endoscopy devices market, as endoscopy procedures, such as laryngoscopy, upper endoscopy, and colonoscopy, are used in the diagnosis of cancer.

According to National Cancer Institute, in 2018, an estimated 1,735,350 new cases of cancer in the United States and 609,640 people will die from the disease.

 

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Market Segmentation

By Product

l Endoscopes

l Surgical Endoscopy Instruments

l Endoscopic Visualization Equipment

l Accessories

l Other Endoscopic Equipment

 

By Applications

l Arthroscopy

l Hysteroscopy

l Laparoscopy

l Urology

l Sinus

l Bronchoscopy

l Gynaecology

l Gastroenterology

l Cystoscopy

l Sigmoidoscopy

l Others

 

By End-User

l Hospitals

l Outpatient Surgical Centers

l Physicians/Surgeons

l Others

 

By Product – Colonoscopes

A colonoscope is a long, thin, flexible instrument that is inserted into the anus for a visual inspection of the colon and rectum. It has a digital camera and light source mounted at the end and is used to perform a common diagnostic procedure known as a colonoscopy. A colonoscope is used by a physician specially trained in the technology, including gastroenterologists and colorectal surgeons

 

Market Dynamics

Increasing incidences of cancer is boosting the global endoscopy devices market, as endoscopy procedures, such as laryngoscopy, upper endoscopy, and colonoscopy, are used in the diagnosis of cancer.

According to National Cancer Institute, in 2018, an estimated 1,735,350 new cases of cancer in the United States and 609,640 people will die from the disease.

The most common cancers are breast cancer, lung and bronchus cancer, prostate cancer, colon and rectum cancer, melanoma of the skin, bladder cancer, non-Hodgkin lymphoma, kidney and renal pelvis cancer, endometrial cancer, leukemia, pancreatic cancer, thyroid cancer, and liver cancer.

 

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Geographical Analysis

North America held the dominant market share for endoscopes in 2019, and it is expected to maintain the growth over the forecast period, owing to increased use of endoscopic procedures due to highly aware population, increase in geriatric population, increasing cases of cancer and inclination towards minimally invasive procedures for diagnosis and treatment.

 

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