Endoscopy Devices Market to Register 9% CAGR as Demand Soars Amid Growing Gastrointestinal Diseases Prevalence

2022-04-21 09:37:08 By : Ms. Ella Mo

+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

Sales of Endoscopy Devices to Increase by 2.3x, Surpassing US$ 113.8 Bn by 2032

In the latest study, Fact.MR comprehensively explicates the key factors including drivers, challenges, opportunities, and latest developments affecting the sales of endoscopy devices. It also covers the historical and forecast data for the period 2022-2032.  The report also delves the key trends promoting the growth in the endoscopy devices market through multiple segments including type, application, end use, and regions.

NEW YORK , April 4, 2022 /PRNewswire/ -- The global endoscopy devices market is expected to reach nearly US$ 113.8 Bn , exhibiting growth at a CAGR of 9% between 2022 and 2032. Prevalence of age-related disorders such as gastrointestinal disorders, respiratory diseases, and hearing loss is driving the endoscopy devices market.

Additionally, the growing demand for less invasive treatments among the elderly population is likely to spur the sales of endoscopy devices. On the back of this, the use of endoscopy devices in surgical procedures such as bronchoscopy, arthroscopy, laparoscopy, and cystoscopy is increasing.

Subsequently, growing prevalence of cancer is surging the demand for biopsies for early detection and diagnosis purpose. This is expected to augment the sales of endoscopy devices.

For Critical Insights on this Market, Request for More Info at:

https://www.factmr.com/connectus/sample?flag=S&rep_id=7185

Rising incidence of hospital-acquired infections (HAIs) is propelling the demand for disposable endoscopes which, in turn, will drive the endoscopy devices market.

Besides this, favorable reimbursement policies for endoscopy procedures, especially in India and the U.K., is likely to boost the endoscopy devices market. Furthermore, introduction of robot-assisted software and hardware in healthcare sector is expected to fuel the growth in the market.

Get Customization on this Report for Specific Research Solutions

https://www.factmr.com/connectus/sample?flag=RC&rep_id=7185

Key players in the global endoscopy devices market are adopting strategies such as advancing the production capabilities and updating the product line to expand their business across the healthcare sector.

Furthermore, they are also adopting novel business tactics including acquisitions, collaborations, partnerships, and joint ventures to strengthen their footprint globally.

Key Companies Profiled by Fact.MR

More Valuable Insights on Endoscopy Devices Market

Fact.MR's latest report on global endoscopy devices market offers in-depth analysis on the key growth drivers for the forecast period of 2022 to 2032. This study also covers the opportunities and challenges expected to influence the growth in the endoscopy devices market through detailed segmentation as follows:

Key Questions Covered in the Endoscopy Devices Market Report

Explore Fact.MR's Coverage on the Healthcare Domain

Endoscopy Ultrasound Market: Increasing prevalence of gastrointestinal cancer is propelling the demand for endoscopy ultrasound in the coming years. Additionally, the growing demand for minimally invasive endoscopic procedure to diagnose gastrointestinal and lung diseases will drive the market.

ENT Endoscopy Market: Growing prevalence of ear-related diseases such as chronic rhinosinusitis, Otis media, and hearing loss is propelling the demand for ENT endoscopy. In addition to this, rising demand for innovative endoscopy devices and minimally invasive procedures is projected to augment the sales in the market.

Disposable Endoscopes Market: The global disposable endoscopes market is poised to expand at a healthy rate owing to the rising incidence of hospital-acquired infections (HAIs). Furthermore, growing awareness about non-invasive procedures and prevalence of chronic diseases is driving the market.

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, chemical, and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making.

Contact:   Mahendra Singh US Sales Office 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E: sales@factmr.com

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg

More news releases in similar topics

+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT