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Global Endoscope Market Research Report (2014-2024), Market is Predicted to Reach $28.4 Billion by 2024 - ResearchAndMarkets.com

February 3, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Feb 3, 2020--

The “Endoscope Market Research Report: By Type, Application, End User, Geographical Outlook - Global Opportunity Analysis and Growth Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

From valuing $18.9 billion in 2018, the global endoscope market is predicted to reach $28.4 billion by 2024, advancing at a 7.2% CAGR during the forecast period (2019-2024).

The major driving factors of the market are the technological advancements, rising geriatric population, and growing burden of chronic diseases. Endoscopy is the process of examination of the internal body parts for the diagnosis and treatment of diseases. The instrument used is known as an endoscope, which is made of a flexible, thin tube with a camera and a light source mounted at the top.

Based on type, the endoscope market is categorized into colposcope, laparoscope, laryngoscope, cystoscope, bronchoscope, colonoscope, arthroscope, and esophagoscope.

Among all, during the historical period (2014-2018), the highest revenue in the market was generated by the esophagoscope category. This was attributed to the rising prevalence of chronic diseases, particularly in the throat, and the increasing emphasis on the diagnosis of diseases for early treatment, if possible, preventing the spread of the disease altogether. The fastest growth in the forecast period is expected to be witnessed by the colonoscope category.

The application areas in the endoscope market are gynecology, urology, pulmonology, orthopedic, gastroenterology, and others. The gastroenterology application held the largest revenue share in the market in 2018, and it is expected to register the highest CAGR in the forecast period.

This remarkable growth of the category can be ascribed to the growing prevalence of chronic diseases, such as peptic ulcer disease, pancreatitis, colitis, and colon polyps. Further, the demand for endoscopes (colonoscopes) is rising due to the increasing prevalence of colorectal cancer.

The endoscope market is observing the trend of the increasing number of product launches with innovative technologies. These advanced products are helping in effectively diagnosing numerous diseases and conditions, such as colon cancer, chronic gastrointestinal bleeding, ulcerative colitis, and muscle spasms.

They are able to provide enhanced visualization of body parts with minimal scope for errors. Olympus Corporation, in March 2019, launched a small intestine endoscopy system - PowerSpiral containing a motorized rotation system that helps in visualizing the deeper parts of the small intestine.

Key Topics Covered:

1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Key Stakeholders

2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

3. Executive Summary

4. Introduction

4.1 Definition of Market Segments

4.2 Market Dynamics

4.3 Porter’s Five Forces Analysis

4.4 Regulatory Scenario

5. Global Market Size and Forecast

5.1 By Type

5.2 By Application

5.3 By End User

5.4 By Region

6. North America Market Size and Forecast

6.1 By Type

6.2 By Application

6.3 By End User

6.4 By Country

7. Europe Market Size and Forecast

7.1 By Type

7.2 By Application

7.3 By End User

7.4 By Country

8. APAC Market Size and Forecast

8.1 By Type

8.2 By Application

8.3 By End User

8.4 By Country

9. LATAM Market Size and Forecast

9.1 By Type

9.2 By Application

9.3 By End User

9.4 By Country

10. MEA Market Size and Forecast

10.1 By Type

10.2 By Application

10.3 By End User

10.4 By Country

11. Competitive Landscape

11.1 Key Players Benchmarking

11.2 Strategic Developments of Key Players

12. Company Profiles

12.1 Boston Scientific Corporation

12.1.1 Business Overview

12.1.2 Product and Service Offerings

12.1.3 Key Financial Summary

12.2 Smith & Nephew plc

12.3 Stryker Corporation

12.4 Medtronic plc

12.5 Olympus Corporation

12.6 FUJIFILM Holdings Corporation

12.7 KARL STORZ SE & Co. KG

12.8 CONMED Corporation

12.9 HOYA Corporation

12.10 Cantel Medical Corp.

12.11 B. Braun Melsungen AG

12.12 Maxer Endoscopy GmbH

For more information about this report visit https://www.researchandmarkets.com/r/8xdpnv

View source version on businesswire.com:https://www.businesswire.com/news/home/20200203005685/en/

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KEYWORD:

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH

SOURCE: Research and Markets

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PUB: 02/03/2020 01:16 PM/DISC: 02/03/2020 01:16 PM

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