South Carolina Magazine

Endoscopes Market To Accomplish A Valuation Of Around $17.19 Billion By 2025: Grand View Research, Inc.

 Breaking News
  • No posts were found

Endoscopes Market To Accomplish A Valuation Of Around $17.19 Billion By 2025: Grand View Research, Inc.

November 28
01:50 2018

Grand View Research, Inc. – Market Research And Consulting.
The global endoscopes market size is expected to reach USD 17.19 billion by 2025, according to report by Grand View Research, Inc., progressing at a CAGR of 8.8% during the forecast period. Growing global geriatric population, high prevalence of gastrointestinal diseases, and rising technological advancements are the key factors contributing to market growth.

According to a report by Grand View Research, Inc., global endoscopes market is projected to value USD 17.19 billion by 2025. Growing need for minimally invasive surgeries is anticipated to propel demand for endoscopes during the forecast period (2014 to 2025). Such medical devices are likely to support healthcare providers while diagnosing various chronic diseases to provide better treatment.

Increasing use of endoscopes in numerous medical procedures such as cystoscopy, laparoscopy, and bronchoscopy owing to rise in minimally invasive surgeries (MIS) can stimulate market growth. Such procedures are likely to reduce recovery time as compared to open invasive surgeries. In addition, MIS are likely to offer economic viability, lower hospital stay, high patient satisfaction, and reduced post-surgery complications. Hence, MIS can augment market growth in the forthcoming years. In addition, rising cases of cancer can also play a major role in rising demand for endoscopes. Various endoscopy procedures are being used to diagnose different types of cancers. Moreover, rising adoption of endoscopic bariatric surgeries attributed to increasing cases of obesity can further impel market expansion. Growing popularity of preventive healthcare coupled with increasing disposable income can drive demand for bariatric surgeries. Such surgeries are expected to be cost effective and safe alternative to traditional bariatric surgeries.

Access Full Research Report On Endoscopes Market Analysis: 
www.grandviewresearch.com/industry-analysis/endoscopes-market

U.S. endoscopes market size, by product, 2014 - 2025 (USD Billion)

The endoscopes market can be segregated on the basis of product, application, end-use, and region. Based on product, the market can be categorized into flexible endoscopes, rigid endoscopes, capsule endoscopes, disposable endoscopes, and robot assisted endoscopes. In 2017, flexible endoscopes segment dominated the market and accounted for highest market share in terms of revenue. Safety, efficiency, and ergonomic features offered by flexible endoscopes are likely to impel their demand among medical professionals.

Based on application, the market can be classified into laparoscopy, gastrointestinal (GI) endoscopy, arthroscopy, bronchoscopy, mediastinoscopy, urology endoscopy (cystoscopy), otoscopy, obstetrics/gynecology endoscopy, laryngoscopy, and other applications. In 2017, gastrointestinal endoscopy segment dominated the market and accounted for 55% of overall market share. Rising cases of gastro intestinal diseases attributed to increasing geriatric population can augment growth of segment.

Based on end-use, the market can be classified into ambulatory surgery centers, hospitals, and other end uses. In 2017, hospitals segment dominated the market and accounted for highest market share. Growing need for various types of endoscopes attributed to increasing number of surgeries can stimulate growth of segment.

Browse More Reports Of This Category By Grand View Research At: 
www.grandviewresearch.com/industry/medical-devices

Global endoscopes market share, by End-use, 2017 (%)

On the contrary, ambulatory surgery centers (ASCs) segment is estimated to grow well over the forecast period. Cost-effectives and shifting preference for minimally invasive surgeries can spur growth of segment in the forthcoming years.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. In 2017, North America dominated the market and accounted for maximum market share. Growing adoption of minimally invasive surgeries attributed to rising cases of target diseases can augment regional growth. Increasing number of geriatric population are liable to chronic diseases, which may require endoscopy during diagnosis. This factor, can augment growth of market in the forthcoming years. In addition, increasing use of technologically advanced robot-assisted endoscopes in surgeries and diagnosis can also stimulate market growth. Moreover, rising cases of colorectal cancer is anticipated to propel regional growth over the forecast period. According to American Cancer Society, colorectal cancer is third most diagnosed cancer in United States in 2018. Increasing number of organizations like New York Society for gastrointestinal endoscopy and American Gastrointestinal Association can create awareness regarding benefits of endoscopy in United States. This factor can further influence regional market growth in the forthcoming years.

In Asia Pacific, the market is projected to be witness significant growth at CAGR of 10.6% over the forecast period. Developing economies like China and India are expected to account for high growth rate owing to high economic growth. In addition, rising cases of chronic diseases like cancer can also impel demand for endoscopy in the region. Moreover, continual technological advancements in diagnostic therapies and better healthcare infrastructure can influence market expansion in the forthcoming years.

Some of the leading companies operating in the market for endoscopes are Richard Wolf Gmbh, Olympus, Karl Storz, Fujifilm Holdings Corporation, and Boston Scientific Corporation.

Grand View Research has segmented the global endoscopes market on the basis of product, applications, end use, and region:

Endoscopes Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Rigid Endoscopes

    • Laparoscopes

    • Arthroscopes

    • Urology endoscopes

    • Cystoscopes

    • Gynecology endoscopes

    • Neuroendoscopes

    • Other rigid endoscopes

  • Flexible Endoscopes

    • Upper gastrointestinal endoscopes

    • Colonoscopes

    • Bronchoscopes

    • Sigmoidoscopes

    • Laryngoscopes

    • Pharyngoscopes

    • Duodenoscopes

    • Nasopharyngoscopes

    • Rhinoscopes

    • Other flexible endoscopes

  • Capsule Endoscopes

  • Disposable Endoscopes

  • Robot Assisted Endoscopes

Endoscopes Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Gastrointestinal (GI) endoscopy

  • Urology endoscopy (cystoscopy)

  • Laparoscopy

  • Obstetrics/gynecology endoscopy

  • Arthroscopy

  • Bronchoscopy

  • Mediastinoscopy

  • Otoscopy

  • Laryngoscopy

  • Other applications

Endoscopes End Use Outlook (Revenue, USD Million, 2014 – 2025)

  • Hospitals

  • Ambulatory surgery centers

  • Other End Uses

Endoscopes Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com/

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/endoscopes-market