Latest News- Endoscopy Devices Market: Laparoscopy is expected to lead the Application segment during 2024-2028

The Endoscopy Devices Market is being driven by Advances in endoscopy technologies

The Endoscopy Devices Market is expected to grow at a CAGR of 7.17% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 14.24 billion. Endoscopy market growth is fueled by continuous new product launches, which frequently coincide with groundbreaking technological advancements in endoscopy devices. Companies prioritize research and development to augment imaging capabilities, optimize device functionality, and introduce innovative features that facilitate superior visualization, navigation, and tissue characterization during endoscopic procedures. In November 2023, Pristine Surgical LLC introduced Summit 4K, a revolutionary single-use surgical arthroscope, to the US healthcare market. This cutting-edge technology marks the first of its kind, addressing the challenges of traditional visualization during surgical procedures, thereby improving diagnostic accuracy, procedural efficiency, and patient outcomes. 

Get more information on Endoscopy Devices Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Laparoscopy
  • GI
  • Others
• Product
  • Accessories and others
  • Endoscopes
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advances in endoscopy technologies
• Increasing demand for minimally invasive procedures
• Growing demand for video endoscopy systems

However, the market also witnesses some limitations, which are as follows:

• Risks and complications associated with endoscopy procedures
• Lack of skilled professionals in endoscopy
• Stringent regulations on endoscopy devices and product recalls

Benefits of Buying Global Endoscopy Devices Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Endoscopy Devices Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Endoscopy Devices Market encompasses advanced tools used in GI procedures, minimally invasive surgeries, and diagnostic examinations across healthcare services, including ambulatory surgery centers. Artificial intelligence integration enhances the efficiency of these procedures, catering to the increasing demand due to chronic diseases and an aging population. Urology, gynecology, and ENT endoscopies are common applications, addressing conditions like liver abscesses, gallstones, and intestinal perforations. Medical professionals utilize disposable endoscopic components to mitigate infection risks and ensure patient safety. The chronic disease burden and geriatric population expansion fuel market growth.

Market Research Overview

The Endoscopy Devices Market is a significant segment of the global Healthcare Equipment Market, encompassing companies specializing in the research and development (R&D) of advanced, differentiated, and clinically tested endoscopy devices. These devices, utilized in Gastrointestinal (GI) procedures and minimally invasive surgeries, cater to the growing demand for chronic disease management and the increasing elderly population. Urology and Gynecology endoscopies are key application areas. Technavio sizes the Healthcare Equipment Market based on the combined revenue of diagnostic equipment and device manufacturers, with the Endoscopy Devices Market contributing substantially to this sector. Artificial intelligence (AI) integration and its deployment in ambulatory surgery centers further bolster market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/