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Nov 14, 2019 12:59 PM ET

Global Endoscope Market is Set to Reach USD 32.8 billion by 2024, Observing a CAGR of 7.5% during 2019–2024: VynZ Research


Global Endoscope Market is Set to Reach USD 32.8 billion by 2024, Observing a CAGR of 7.5% during 2019–2024: VynZ Research

iCrowd Newswire - Nov 14, 2019

The global Endoscope market is expected to grow at a CAGR of 7.5% during the forecast period with its market size predicted to reach USD 32.8 billion by 2024.

Insight by Type (Esophagoscope, Arthroscope, Colonoscope, Bronchoscope, Cystoscope, Laryngoscope, Laparoscope, Colposcope, Others), by Application (Gastroenterology, Orthopedic, Pulmonology, Urology, Gynecology, Others), by End User (Hospitals, Specialty Clinics, Diagnostic Centers, Others)

Globally, Endoscope industry players are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.

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Hospital category held largest share in the Endoscope market in 2018

Based on end user, the global endoscope market is segmented into hospitals, specialty clinics, diagnostic centers and others. Amongst these segments, hospitals are anticipated to generate largest revenue by 2024 as hospitals are the primary premises to avail primary health services to the citizens. Furthermore, the number of surgeries being undertaken is greater in hospitals as there is increasing demand for endoscopes in hospitals that is significantly contributing towards the growth of the global endoscope market.

Geography Insight

Geographically, North America has accounted for the largest share in Endoscope market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the increasing existence of target diseases along with increasing elderly population in the region and excessive demand for minimally invasive therapies. Additionally, increasing adoption of technologically advanced products such as endoscopes comprising of robot-assisted for surgical techniques and diagnostic is further bolstering the growth of global endoscope market.

Competitive Insight

Some of the key players operating in the global Endoscope market are Olympus Corporation, Smith & Nephew PLC., Fujifilm Holdings Corp., Karl Storz GmbH & Co. KG, Medtronic plc, Pentax Medical Company (Hoya Corporation), Fibertech Incorporation, Stryker Corporation, Cantel Medical Corp., B. Braun Melsungen AG, Maxer Endoscopy GmbH, GI Supply Inc., and SMART Medical Systems Ltd.

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Primary Research

In the primary data collection process, there are several sources interviewed in order to obtain precise quantitative and qualitative information for this study. The primary sources those are included for the data collection of this study comprises of providers, commercial growers, industry consultants and others key industry experts. There are several others sources that helped in gaining insightful information about this market are CEOs, marketing and sales directors, vice presidents, and key opinion leaders from various key companies operating in the global endoscope market. Primary research in this report has been conducted for estimating market size, market dynamics and strategies adopted by the key players in this market.

Secondary Research

Secondary sources referred for this research report includes association for endoscope, business filings such as financial statements, annual reports, investor presentations and trade associations. The secondary data has been used for estimating overall market size and growth of endoscope market that has been authenticated with the supporting facts gathered through primary data collection.

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Global Endoscope Market Coverage

Type Insight and Forecast 2014-2024

Application Insight and Forecast 2014-2024

End User Insight and Forecast 2014-2024

Geographical Segmentation

Endoscope Market by Region

North America

 

Europe

Asia-Pacific (APAC)

Rest of the World (RoW)

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About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.

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Keywords:    Endoscope Market, Esophagoscope, Arthroscope, Colonoscope, Endoscope Market Size, Endoscope Market Share, Endoscope Market Forecast

Tags:    Extended Distribution, Research Newswire, English