• About
  • Advertise
  • Privacy & Policy
  • Contact
Tech Times Media
  • Home
  • Review
    Grace suit

    Grace suit As January is almost at an end soon

    total environment real estate

    3 Essential Tips for Creating a Total Environment Real Estate Strategy

    Why Instagram Followers Matter for Your Personal or Business Account

    Why Instagram Followers Matter for Your Personal or Business Account

    Buy Google 5 Star Reviews

    Buy Google 5 Star Reviews

    Car Shipping

    Everything You Need to Know About Car Shipping Quote

    Blue World City Islamabad

    7 Benefits Of Investing In Blue World City Islamabad

  • Gaming
    Everything You Need to Know about 918kiss

    Everything You Need to Know about 918kiss

    Rajasthani Handicrafts

    Rajasthani Handicrafts: History and Crafts

    Games

    Best Games to Play Online without Downloading

    Segways

    How to Choose the Right Segway? | Segbo Hoverboard

    customization for gamers

    Customization for Every Gamer: Options and Techniques

    FastKeys tool

    FastKeys: The Ultimate Solution for Keyboard Automation

  • Gear
    • All
    • Laptop
    Car Shipping

    Everything You Need to Know About Car Shipping Quote

    Explaining the Hoodie and Sweatshirt 

    Explaining the Hoodie and Sweatshirt 

    laptop repair shop

    Benefits of Visiting a Professional Laptop Repair London

    Buying a Designer Watch

    Tips to Help you when Buying a Designer Watch

    Electronic Gadgets

    The Value of Cutting Edge Electronic Gadgets

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Computers

    How to Make Money Online

    Hyper-Converged Infrastructure

    Integration of Hyper-Converged Infrastructure

    Local Marketing

    Local Marketing Guide – How to Optimize Your Google Business Profile for Greater Visibility and More Leads?

    broadband monitoring software

    6 Best Broadband Bandwidth Monitoring Software For Analyzing Network Traffic Usage

    Top Webinar Platform Features for Online Education

    Top Webinar Platform Features for Online Education

    How Does Routing Work in VLSI Design?

    How Does Routing Work in VLSI Design?

  • Applications
    FACEBOOK AND INSTAGRAM ADVERTISING

    HOW MUCH DOES FACEBOOK AND INSTAGRAM ADVERTISING ACTUALLY COST?

    Soap Packaging Boxes

    The Best Soap Packaging Boxes

    broadband monitoring software

    6 Best Broadband Bandwidth Monitoring Software For Analyzing Network Traffic Usage

    offshore ASP.NET development

    The Advantages of Offshore ASP.NET Development for Startups and Small Businesse

    randm tornado 7000

    RandM Tornado 7000 Disposable Vape – Uni Vapez

    What is so special about the Right Hoodie?

    What is so special about the Right Hoodie?

  • Security
    Hyper-Converged Infrastructure

    Integration of Hyper-Converged Infrastructure

    VPN For Free

    How To Use a VPN For Free?

    Door Entry Installation Contractors

    Door Entry Installation: Secure Your Property, Finance and Life

No Result
View All Result
  • Home
  • Review
    Grace suit

    Grace suit As January is almost at an end soon

    total environment real estate

    3 Essential Tips for Creating a Total Environment Real Estate Strategy

    Why Instagram Followers Matter for Your Personal or Business Account

    Why Instagram Followers Matter for Your Personal or Business Account

    Buy Google 5 Star Reviews

    Buy Google 5 Star Reviews

    Car Shipping

    Everything You Need to Know About Car Shipping Quote

    Blue World City Islamabad

    7 Benefits Of Investing In Blue World City Islamabad

  • Gaming
    Everything You Need to Know about 918kiss

    Everything You Need to Know about 918kiss

    Rajasthani Handicrafts

    Rajasthani Handicrafts: History and Crafts

    Games

    Best Games to Play Online without Downloading

    Segways

    How to Choose the Right Segway? | Segbo Hoverboard

    customization for gamers

    Customization for Every Gamer: Options and Techniques

    FastKeys tool

    FastKeys: The Ultimate Solution for Keyboard Automation

  • Gear
    • All
    • Laptop
    Car Shipping

    Everything You Need to Know About Car Shipping Quote

    Explaining the Hoodie and Sweatshirt 

    Explaining the Hoodie and Sweatshirt 

    laptop repair shop

    Benefits of Visiting a Professional Laptop Repair London

    Buying a Designer Watch

    Tips to Help you when Buying a Designer Watch

    Electronic Gadgets

    The Value of Cutting Edge Electronic Gadgets

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Computers

    How to Make Money Online

    Hyper-Converged Infrastructure

    Integration of Hyper-Converged Infrastructure

    Local Marketing

    Local Marketing Guide – How to Optimize Your Google Business Profile for Greater Visibility and More Leads?

    broadband monitoring software

    6 Best Broadband Bandwidth Monitoring Software For Analyzing Network Traffic Usage

    Top Webinar Platform Features for Online Education

    Top Webinar Platform Features for Online Education

    How Does Routing Work in VLSI Design?

    How Does Routing Work in VLSI Design?

  • Applications
    FACEBOOK AND INSTAGRAM ADVERTISING

    HOW MUCH DOES FACEBOOK AND INSTAGRAM ADVERTISING ACTUALLY COST?

    Soap Packaging Boxes

    The Best Soap Packaging Boxes

    broadband monitoring software

    6 Best Broadband Bandwidth Monitoring Software For Analyzing Network Traffic Usage

    offshore ASP.NET development

    The Advantages of Offshore ASP.NET Development for Startups and Small Businesse

    randm tornado 7000

    RandM Tornado 7000 Disposable Vape – Uni Vapez

    What is so special about the Right Hoodie?

    What is so special about the Right Hoodie?

  • Security
    Hyper-Converged Infrastructure

    Integration of Hyper-Converged Infrastructure

    VPN For Free

    How To Use a VPN For Free?

    Door Entry Installation Contractors

    Door Entry Installation: Secure Your Property, Finance and Life

No Result
View All Result
Tech Times Media
No Result
View All Result

Booming market of Endoscopy devices market

David by David
March 9, 2023
Home Uncategorized
Share on FacebookShare on Twitter

Endoscopy involves placing a lighted medical instrument via a small surgical incision or body cavity to view the interior of a hollow organ. It is primarily used with other diagnostic modalities for diagnostic or therapeutic objectives.

 

In 2021, the market for endoscopy devices was worth USD 30.3 billion, and by 2030 it will be worth USD 56.2 billion, growing at a 7.1% CAGR during the forecast period.

 

Endoscopy devices have gained popularity due to their minimally invasive nature, fewer post-surgical complications, faster recovery time, shorter hospital stay, and minimal scarring. On the other hand, the market expansion is constrained by the shortage of competent endoscopy technicians, the high cost of initial investment, and the risk of contamination. Emerging markets present many development prospects for endoscopy equipment in developing economies and technical advancements.

 

Market Dynamics

 

Drivers

 

The primary factors driving up demand for endoscopy devices are the rise in preference for minimally invasive endoscopic operations and an increase in the world’s senior population. The rise in the prevalence of urological, gastroenterological, respiratory, and gynecological illnesses necessitating endoscopic procedures for optimal treatment and diagnosis is also fuelling the market for endoscopes. The market will rise due to an increase in the use of endoscopes and visualization systems in the healthcare sector, as well as technological developments in related areas.

 

The rise in demand for endoscopic devices in therapeutic and diagnostic operations and the development of age-related illnesses are other key reasons driving the market’s expansion. Using such tools in diagnosing and treating medical conditions is essential since they allow for little intervention, shortening the healing time.

 

Restraints

 

Lack of qualified doctors and endoscopists, improper selection guidelines lacking, and the use of automated endoscope reprocessors are impeding market expansion. Additionally, the market is restrained by the potential failure of sales as a result of the product’s delayed release and the increased expenses associated with strict approval processes, which put pressure on expenditures related to the advancements of new products.

 

Opportunity 

 

The prevalence of cancer and obesity is rising, and endoscopic bariatric surgical procedures have become more widely available due to the evolution of preventative human resource trends. The prevalence of digestive problems, which affect all demographic groups, and the growing therapeutic potential of endoscopic tools will lead to an increase in the annual number of gastrointestinal procedures.

 

Market Segmentation 

 

By Product

 

In 2022, the endoscopy visualization segment led the entire market with a significant revenue share of nearly 36.6%. It is due to its widespread use during endoscopy procedures and growing application for the visualization and diagnosis of complex disease conditions like cancer, GI disorders, and lung disorders. Furthermore, the market is expanding due to the emergence of next-generation endoscopic visualization technologies.

 

The endoscopes segment expanded rapidly at a 9.4% CAGR. This rapid development rate is due to the rise in endoscopic operations and the widespread use of endoscopes in surgery and biopsies for more accurate diagnosis and treatment.

 

By Application

 

The gastrointestinal endoscopy segment was the biggest market, with 55.3% of the revenue share in 2022. The significant share is due to the increased elderly population and the incidence of functional gastrointestinal illnesses. The availability of technologically sophisticated endoscopes and the growing desire for endoscopic procedures as first-line treatments for the early detection and diagnosis of functional gastrointestinal problems are some of the other key factors promoting the segment’s rise.

 

By End-Use

 

In 2022, the hospital segment was the largest market, with 47.1% of the revenue share. This expansion is due to the healthcare industry’s rising public and private funding levels. Also, in developed economies, most hospitals are well-equipped with cutting-edge endoscopic facilities.

 

Regional Overview 

 

North America led the market in 2022 with 41.8% of the revenue share. This is due to the rising incidence of various chronic diseases, including functional gastrointestinal disorders, cancer, diabetes, and cardiovascular diseases. Also, the growing elderly population, which is more susceptible to a number of chronic diseases, is encouraging the use of endoscopic operations in this area. Also driving the market expansion in this region are enhanced healthcare infrastructure and increased awareness of early illness diagnosis employing minimally invasive treatments.

 

In addition, Asia Pacific will experience the highest growth in the endoscopy device market due to its huge population and rising incidence of functional gastrointestinal disorders.

 

Key Players 

 

  • J&J Sevices Inc.
  • Integrate Endoscopy
  • Cantel Medical
  • Cogentix Medical
  • FujiFilm
  • Interscope Inc.
  • Micro-Tech Endoscopy
  • Shaili Endoscopy
  • Olympus
  • Pentax Medical
  • Richard Wolf
  • KARL STORZ Gmbh & Co. KG
  • Stryker

 

 

In 2021, the market for endoscopy devices was worth USD 30.3 billion, and by 2030 it will be worth USD 56.2 billion, growing at a 7.1% CAGR during the forecast period. Endoscopy devices’ less intrusive features and reasonable post- and pre-procedure costs are the main factors boosting market expansion.

 

Related Reports:

Organ Preservation Market Report – The global organ preservation market will witness a robust CAGR of 6.93%, valued at $206.89 million in 2021, expected to appreciate and reach $377.97 million by 2030, confirms Strategic Market Research. Organ preservation may be defined as storing a donated organ in specially prepared conditions that can be taken out when organ transplantation needs to be performed.

Tags: Endoscopy
David

David

I am a professional writer and blogger. I’m researching and writing about innovation, Blockchain, technology, business, and the latest Blockchain marketing trends.

Next Post
Find Out How I Cured My Sell My House Fast in Garland Texas

Find Out How I Cured My Sell My House Fast in Garland Texas

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

How to Make Money Online

March 10, 2023
Booming factors of automotive electronic control unit market

Booming factors of automotive electronic control unit market

March 9, 2023

Subscribe.

Trending.

Buying a Designer Watch

Tips to Help you when Buying a Designer Watch

March 21, 2023
ATV Hustling

The Adventure of the Ride-ATV Hustling for Novices

March 9, 2023
dynamics gp

Dynamics GP to Business Central Upgrade: What You Need to Know

March 10, 2023
intercom system

Intercom System is Incomplete without an Intercom Doorbell: Why?

March 10, 2023
Outdoor Gear

Some Tools Which I Use For My Outdoor Gear

March 8, 2023
Tech Times Media

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Categories

  • Applications
  • Business
  • Computers
  • Gaming
  • Gear
  • Laptop
  • Lifestyle
  • Microsoft
  • Photography
  • Review
  • Security
  • Uncategorized

Tags

#hoodie academic writing Air Compressor Market Analysis ASP.NET development assignment help bape hoodie Bape Jacket Bape Shirt Blue World City Blue World City Location business Cardboard Boxes Cardboard Boxes designs Cardboard Boxes wholesale Cardboard Box Packaging coils by scott Custom Boxes Custom Cardboard Boxes custom CBD boxes custom CBD packaging DITS Essentials Hoodie Essentials Jacket fitness games health Health care Healthcare Hoodies law Offshore ASP.NET development Packaging Production Cost Semiconductor testing companies Shia Quran sports Steel Casting Market Scope Steel Casting Market Share Steel Casting Market Size United State E-commerce Payment Market vapes coils vape shop uk VLSI chip design VLSI circuit writing

Recent News

How 9012/HIR2 LED bulb improves the overall efficiency of your vehicle?

March 18, 2023
Tips To Grow Your BTC USDT: A Comprehensive Guide

Tips To Grow Your BTC USDT: A Comprehensive Guide

March 17, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Apple
  • Applications
  • Computers
  • Gaming
  • Gear
    • Audio
    • Camera
    • Smartphone
  • Microsoft
  • Photography
  • Security

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.