Pune, 9, Dec, 2022: The report analysed by Maximize Market Research, the global medical devices market research firm. Endoscopy Device Market covers an extensive competitive and pricing analysis in the report. Europe is expected to witness significant growth according to the report. During the Forecast period, the report expects the market to grow from USD 42.7 Billion in 2021 to USD 76.15 Billion in 2029 at a CAGR of 3.9 percent.
Endoscopy Device Market Scope and Research Methodology
The report is a detailed analysis of the Endoscopy Device Market equipped with regional, competitive and segment-wise research of the market. Key players in the market are studied to understand the market share and size. For the regional analysis, players at the local, regional and global levels are analysed for a clearer understanding of the market penetration and structure. Pricing and demand analysis is carried out to help clients plan out future strategies for their businesses. An in-depth analysis of the drivers, restraints, challenges and opportunities prevailing in the Endoscopy Device Market is carried out to understand the factors affecting the market.
For the competitive landscape of the Endoscopy Device Market, major players along with new entrants are taken as a sample. Listed companies are studied by region, revenue, financial status, portfolio, technological advancements adopted, social media presence, mergers and acquisitions, joint venture and strategic alliances. It helps clients identify competitors in the industry and understand different strategies practised by them. Segment-wise analysis of the Endoscopy Device Market by Product Type, Application, End-User Type and Region gives a picture of products and services offered and their share in the market along with factors affecting their growth or decline.
The bottom-up approach was used to validate the market size by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of the Endoscopy Device Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Endoscopy Device Market. Thus the report can prove to be a guide to stakeholders, new entrants, investors and market followers in strategic decision-making related to product development, organisational change, workforce planning and investment planning.
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Endoscopy Device Market Overview
Endoscopy devices are used to examine the interior of a patient’s system. It is a medical device with a camera and light attached to it. Endoscopy procedures are minimally invasive that require the insertion of long thin tubes directly into the body. It is a relatively safe process with minimal risks. The devices that are used for these procedures are called endoscopy devices.
Endoscopy Device Market Dynamics
Endoscopy procedures are minimally invasive which lowers the pre and post-procedural cost. Given these two factors, an increase in demand for these procedures is expected to drive the Endoscopy Device Market over the forecast period. The increase in the older population and chronic disease is also a factor influencing the growth of the Endoscopy Device Market.
Developments in the Endoscopy Device Market are leading to innovations. One among them is the use of disposable endoscopic components. The industry is witnessing this shift on account of changing preferences since it removes the possibility of cross-contamination. The quality of the camera used is also getting an upgrade to a higher definition camera and an improved light source. Such developments in the industry are expected to increase demand for the Endoscopy Device Market.
Endoscopy Device Market Regional Insights
The European region accounted for 45 percent of the market share in 2021. Growth in the region was led by countries like Germany, Austria and Switzerland. The region made huge investments in endoscopic devices which have led to innovations and development. The existence of chronic diseases in the region is also a contributing factor to the growth of the regional Endoscopy Device Market.
Endoscopy Device Market Segmentation
By Product Type:
- Visualization systems
- Endoscopic ultrasound
- GI endoscopy
By End-User Type:
Endoscopy Device Market Key Manufacturers include:
- Boston Scientific Corporation
- Conmed Corporation
- Cook Medical
- Covidien PLC
- Fujifilm Holding Corporation
- Hoya Corporation
- Ethicon Endo-Sugery (Johnson & Johnson)
- Medtronic PLC
- Olympus Corporation
- Stryker Corp.
- Richard Wolf GmbH
- Smith & Newphew Plc
- Intutive Surgical Inc.
- KARL STORZ GmbH & CO. KG
- Pentax Medical Corporation
- Braun Melsungen AG
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Key questions answered in the Endoscopy Device Market are:
- What is an Endoscopy Device?
- What is the current growth rate of the Endoscopy Device Market?
- What is the nature of competition in Endoscopy Device industry in developed and developing economies?
- Who are the key players in the Endoscopy Device Market?
- Who are the market leaders in Endoscopy Device in Europe?
- Who are the market leaders in Endoscopy Device in USA and Canada?
- Who are the market leaders in Endoscopy Device in India, China, Japan and South Korea?
- What are the factors affecting growth in the Endoscopy Device Market?
- Who held the largest market share in Endoscopy Device Market?
- What are the factors for the growth of Asia-Pacific region in Endoscopy Device Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product Type, Application, End-User Type and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading medical devices research firm, has also published the following reports:
Endoscopic Imaging Market–The Endoscopic Imaging Market size is expected to reach USD 48.41 billion by 2029 at a CAGR of 7.2 percent during the forecast period. The Endoscopic Imaging Market is expected to be driven by increasing adoption in the field of gastroenterology and increased use in diagnosing various diseases
Endoscopy Equipment Market–The Endoscopy Equipment Market size is expected to reach USD 54 billion by 2029 at a CAGR of 8.5 percent during the forecast period. The Endoscopy Equipment Market is expected to be driven by high demand for endoscopy tests and technological advancements.
Video Laryngoscope Market–The Video Laryngoscope Market size is expected to reach USD 974.5 million by 2029 at a CAGR of 18 percent during the forecast period. The Video Laryngoscope Market is expected to be driven by increasing demand for video laryngoscope and technological advancement.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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