Endoscopy Procedures Market Scope and Analysis by 2030
Endoscopy Procedures Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 30.88 Billion |
Market Size by 2030 | US$ 53.2 Billion |
Global CAGR (2022 - 2030) | 7.0% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Procedures
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Endoscopy Procedures Market Opportunity:
The field of endoscopy in North America has witnessed various technological advancements and product launches. Such advancements are not only expected to help in the accurate diagnosis of a condition but also will help improve the safety of endoscopic procedures. Some recent technological advancements and product launches in the endoscopy devices market are listed below:
- In April 2021, Olympus announced the addition to its US bronchoscopy portfolio of the 510(k)-cleared H-SteriScope Single-Use Bronchoscopes, a line of five premium endoscopes for use in advanced diagnostic and therapeutic procedures. The introduction of the H-SteriScope portfolio has been a collaboration between Veran Medical Technologies, Inc., a wholly owned Olympus subsidiary, and Hunan Vathin Medical Instrument Co., Ltd.
- In April 2021, Ambu Inc. received Health Canada authorization for the aScope 4 Cysto, the company's unique flexible cystoscope platform for urology. Ambu’s aScope 4 Cysto is a cost-effective, high-quality flexible endoscope featuring excellent maneuverability and optics. Unlike traditional reusable endoscopes, single-use eliminates the significant capital, repair, and cleaning costs required to ensure a patient-ready instrument for every procedure. Each aScope 4 cystoscope is sterile from the package and ready when needed, enabling facilities to improve workflow efficiencies and reallocate staff from complex, time-consuming endoscope cleaning to more productive activities.
Competitive Landscape and Key Companies:
A few of the prominent endoscopy equipment manufacturers operating in the global endoscopic procedures market are Steris Plc, Conmed Corp, Olympus Corp, Boston Scientific Corp, PENTAX Medical , Erbe Elektromedizin Gmbh, Micro-Tech Nanjing Co Ltd, Merit Medical Systems Inc, Cook Medical LLC, Stryker Corp, and Johnson & Johnson. These companies focus on new technologies, advancements in existing products, and geographic expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. For instance, in June 2022, Stryker opened its new research and development facility, Stryker’s Global Technology Centre, at the International Tech Park, Gurgaon. The 150,000-square-foot facility further supported the company’s mission to make healthcare better.