The global endoscopes market size is expected to reach USD 21.16 billion by 2028 according to a new study by Polaris Market Research. The report “Endoscopes Market Share, Size, Trends, Industry Analysis Report, By Product; By Application; By End-User (Hospitals, Ambulatory Surgery Centers/Clinics, Other); By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Endoscope is a medical device that is used to examine internal organs of the body in a minimally invasive manner. It consists of a long thin, flexible tube inserted into the body for the diagnosis and treatment of various disorders. It is used to diagnose and treat inflammatory bowel diseases (IBD), stomach ulcers, gall stones, stomach ulcers, pancreatitis, tumors, and bronchial disorders.
The recent developments in the industry include the emergence of new endoscope technologies such as new capsule endoscopy technique integrated with powerful miniaturized camera systems, wireless technology that can transfer camera images in real time, and actuator systems for automatic control of the capsule inside the device.
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The important factors fueling the growth of the global market include increasing adoption, new device approvals from regulatory bodies, and technological advancements. Endoscopy procedures are increasingly preferred over traditional surgeries because of the better clinical outcomes and short recovery time, and these devices are portable, automatic, and provide superior quality images.
Several endoscopes received regulatory approvals in recent years to launch in the industry. For instance, Olympus Corporation received FDA clearance to bring EVIS X1 endoscope device that is designed to treat Bronchial, colon, and stomach disorders. In January 2021, Hitachi and Olympus Corporation entered into a deal. Under the terms of the deal, both the companies will jointly develop an ultrasonic endoscope that will be useful in treating problems in the pancreas and liver.
Market Participants such as Hoya Corporation, KARL STORZ SE & Co. KG, Cook Medical, The Cooper Companies, Inc., Fortimedix Surgical B.V., ConMed Corporation, Olympus Corporation, Fujifilm Corporation, Intuitive Surgical, Inc., Carl Zeiss AG, JOHNSON & JOHNSON, Laborie, Medi-Globe, Medtronic, Nipro Medical Corporation, Richard Wolf GmbH, Smith & Nephew Plc., Teleflex Incorporated, Stryker Corporation, and Dantschke Medizintechnik GmbH & Co. KG are some of the key players operating in the global market.
Polaris Market Research has segmented the endoscopes market report on the basis of product, application, end-use, and region:
Endoscopes Product Outlook (Revenue, USD Million, 2016 - 2028)
Endoscopes Application Outlook (Revenue, USD Million, 2016 - 2028)
Endoscopes End-Use (Revenue, USD Million, 2016 - 2028)
Endoscopes Regional Outlook (Revenue, USD Million, 2016 - 2028)