According to the report titled ‘Endoscopy Market Size By Product (Endoscopes {Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Robot-Assisted Endoscopes}, Visualization Systems, Endoscopic Ultrasound, Insufflator), By Application (Arthroscopy, Laparoscopy, GI endoscopy, Obstetrics/Gynaecology, ENT endoscopy, Pulmonary Endoscopy), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global endoscopy market is projected to witness considerable growth during the forecast period 2021-2027.

 

Rise in the occurrence of various chronic diseases, spike in the number of ambulatory surgical centers, surging demand for & popularity of laparoscopic insufflators, and increasing infertility disorders & vaginal hemorrhages are driving the growth of global endoscopy market.

 

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For the unversed, endoscopy is a non-surgical, minimally invasive procedure used to examine an individual's internal organs. It involved insertion of a very long, thin-walled tube into the body to examine tissue or an internal organ in detail.

 

With technological advancements, endoscopy has become safer with fewer risks and detailed images. This factor, along with usage in diagnosis of ailments related to different body parts like colon, ears, esophagus, joints, throat, stomach, urinary tract, nose, abdomen, and heart, is impelling the industry share.

 

Based on product gamut, the insufflator segment was worth USD 1253 million in 2020 and is expected to grow at a CAGR of 6.6% in the coming years, owing to rising demand and device usage in laparoscopic surgeries.

 

Concerning application terrain, the obstetrics/gynecology segment of worldwide endoscopy market was worth USD 1623 million in 2020 and is anticipated to record a y-o-y growth rate of 7.3% over the projected timeline, due to soaring cases of infertility disorders and vaginal hemorrhages.

 

In terms of end-use scope, the ambulatory surgical segment generated revenues amounting to USD 9660 million in 2020 and is projected to register 7.9% CAGR through 2027. This growth is majorly ascribed to the growing number of ASCs as well as shorter stay-time in these settings.

 

From a regional frame of reference, in 2020, Middle East & Africa market was worth USD 409 million and is expected to grow at annual rate of 8.4% over the forecast timeframe. This estimated growth is accredited to increasing pervasiveness of various chronic diseases.

 

The competitive landscape of global endoscopy market includes companies like Stryker Corporation, B. Braun Melsungen AG, Fujifilm Holdings Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Hoya Corporation, Olympus Corporation, Smith & Nephew PLC, Conmed Corporation, Karl Storz SE & Co. KG, Cook Medical LLC, Medtronic plc, and Ethicon Inc. (Johnson & Johnson) among others.