According to the recent research report titled ‘Global Endoscopes Market (2021 Edition) - Analysis By Product Type (Flexible, Rigid, Others), Application (GI, Laparoscopy, Arthroscopy, Others) End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ available with MarketStduyReport, global endoscopes market is predicted to showcase a CAGR of 6% during 2021-2026.

The factors driving global endoscopes market growth are an increase in the aging population, escalating healthcare expenditure, availability of instant solutions for treating chronic diseases like cancer, heart diseases, widespread adoption of new endoscopic products, and a rising demand for minimally invasive surgeries.

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Increased pervasiveness of chronic diseases and technological breakthroughs have augmented the demand for endoscopic devices, especially in the developing economies.

The industry is segmented based on application scope, product type, end-user spectrum, and regional analysis. The product segment is further divided into rigidity, flexibility, and others segments.

The application landscape of this business domain is categorized into arthroscopy, laparoscopy, endoscopy, cystoscopy. Citing the end-user terrain, worldwide endoscopes industry is classified into ambulatory surgical centers and hospitals.

Considering the geographical landscape, global endoscopes landscape is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. In 2020, North America accounted for the largest market share and is expected to witness significant growth through the forecast period. The Asia Pacific market is also expected to showcase lucrative results by 2026, primarily due to high demand for endoscopic procedures.

The leading companies operating in the worldwide endoscopes landscape are ConMed Corporation, Johnson & Johnson Pvt. Ltd., Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Medtronic plc, Steris Corporation, Karl Storz SE, and Fujifilm Corporation.