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.
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.
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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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 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
Endoscope Market by Region
Rest of the World (RoW)
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