Endoscopy Devices Market Segmentation:
Device Type Segment Analysis
The endoscopes segment is estimated to account for a 37% share of the global endoscopy devices market throughout the assessed timeframe. There are multiple drivers behind this segment’s predominant captivity, such as rising investments in medical infrastructure, ongoing technological upgradation, and growing adoption of ambulatory surgical centers (ASCs). Additionally, new advancements are widening endoscopic applications, such as bariatric surgery for weight reduction, broadening the consumer base for this segment. The increasing use of disposable and single-use endoscopes due to financial benefits is also contributing to the segment’s greater revenue generation. For instance, a 2021 Journal of Hand Surgery concluded a USD 102 cost-saving in disposable endoscopic carpal tunnel release procedure.
Application Segment Analysis
The endoscopy devices market from the gastroenterology segment is set to garner a notable share by the end of 2035. The high prevalence of gastrointestinal disorders, advancements in endoscopic technologies, and growing awareness of the advantages of early detection & treatment are expected to maintain this segment’s dominance. As per a 2020 NLM study, the new and death cases of gastrointestinal cancer (GI) around the world are poised to increase by 58% and 73% by 2040, accounting for 7.5 million and 5.6 million respectively. Currently, the most prevalent locations of this malignancy are the colorectum, stomach, Liver, Esophagus, and Pancreas. In addition, the global population of residents with peptic ulcers surpassed 4 million in 2022 (NLM). This demography is a clear indication of stable capital influx in this segment.
Our in-depth analysis of the global endoscopy devices market includes the following segments:
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