Global Endoscope Market Research Report (2014-2024), Market is Predicted to Reach $28.4 Billion by 2024 - ResearchAndMarkets.com
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
4.1 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/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 02/03/2020 01:16 PM/DISC: 02/03/2020 01:16 PM