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Endoscopy Market Trends

Report ID: GMI2655
Published Date: Aug 2023
Report Format: PDF

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Endoscopy Market Trends

The rapid advancement of robotic-assisted endoscopy is the major trend augmenting the market outlook. Robotic systems are increasingly integrated into endoscopic procedures for enhancing the precision, control, and maneuverability in complex surgeries and diagnostic interventions. These systems offer surgeons enhanced dexterity and 3D view of the surgical site, enabling minimally invasive techniques in challenging anatomical areas. The surging popularity of robotic-assisted endoscopy to improve patient outcomes by reducing trauma, post-operative pain, and recovery time will also favor the industry expansion.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

Endoscopy industry size was valued at USD 36.9 billion in 2022 and is expected to depict 6.8% CAGR from 2023-2032, owing to the increasing demand for endoscopy procedures among the expanding geriatric population.

The endoscopes segment accounted for around 50% share of the market in 2022 and is set to record robust growth through 2032 attributed to the rising technical improvements.

North America endoscopy market is projected to exhibit considerable growth and amass USD 28.6 billion in revenue by 2032 owing to the presence of major industry players in the region.

Some of the key firms in the market are Boston Scientific Corporation, Hoya Corporation, Karl Storz, B Braun Melsungen AG, Cook Medical, Ethicon US, LLC (J&J), Conmed Corporation, Smith & Nephew PLC, Fujifilm Corporation, Medtronic plc, and Olympus Corporation