Endoscopy is a procedure in which an endoscope is used to examine the inside of the body. An endoscope is a thin, tube-like medical device with a light and a lens for viewing. It also comprises a tool that is used to remove tissues that needed to be checked under a microscope for any signs of disease and conditions. Diseases and conditions that may be causing bleeding, blockages, ulcers, cancer link anaemia, inflammation or diarrhoea. The tool can also detect some cancers of the upper digestive system and precancerous abnormalities such as Barrett's oesophagus. In addition, the procedure is painless and labour-saving.
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The endoscopy market is fragmented market due to the presence of various players. The players are focusing on innovative technologies and advancements in endoscopic procedures such as the development of AI applications in endoscopy. Involvement in progressive practice strategies for gastrointestinal endoscopy across national boundaries will enhance the market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that North America Players will contribute the maximum growth to Global Endoscopy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
B. Braun Melsungen AG (Germany), Stryker (United States), KARL STORZ Endoscopy-America, Inc. (United States), PENTAX Medical (Japan), Boston Scientific (United States), Lenox Instrument Co. (United States), Ethicon U.S. LLC (United States), Richard Wolf Industrial (Germany), Intuitive Surgical, Inc (United States), Sohniks Endoscopy, Inc. (Surgical Repair Technologies) (United States), Myelotec, Inc. (United States), EndoGastric Solutions, Inc. (United States), Optim Incorporated (Japan) and Acclarent, Inc. (United States) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Endoscopy market by Type (Endoscopes (Rigid Endoscopes, Capsule Endoscopes, Flexible Endoscopes, Robot-Assisted Endoscopes), Visualization Systems (Standard Definition Visualization Systems, High Definition Visualization Systems, Endoscopy Visualization Component), Endoscopic Ultrasound and Insufflator), Application (Gastrointestinal Tract, Respiratory Tract:, Ear, Urinary Tract, Female Reproductive Tract (Gynoscopy) and Through Small Incisions (such as Laparoscopy, Arthroscopy, Thoracoscopy, and Mediastinoscopy)) and Region.
On the basis of geography, the market of Endoscopy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-use, the sub-segment i.e. Hospitals will boost the Endoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Rising adoption of endoscopy in gastrointestinal surgical procedures
Market Growth Drivers:
Increasing prevalence of gastrointestinal disorders and other chronic conditions across the world and Growing demand for minimally invasive surgery
Potential Lack of Manoeuvrability and Imaged Derived From Endoscopy Is Descriptive Rather Than Qualitative
Lack of Skilled Workforce Involved In Instrumentation and Interpretation of Data
Technological advancements in the endoscopy market
Market Leaders and their expansionary development strategies
In November 2022, Boston Scientific Corporation announced the agreement to Acquire Apollo Endosurgery, Inc. for a cash price of USD 10 per share, reflecting an enterprise value of approximately USD 615 million. This acquisition is aimed to strengthen the market presence of the company.
In January 2021, KARL STORZ announced the latest advancement in endoscopic imaging. The IMAGE1 S Rubina endosurgical visualization system from KARL STORZ combines state of the art 4K resolution with enhanced fluorescence-guided imaging. This product launch enhanced the company’s product portfolio.
Key Target AudienceEndoscope Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.