Global endoscopes market was worth USD 10.97 billion in 2020 and is anticipated to progress at a CAGR of 6.50% during 2021-2026.

Industry snapshot:

• Rising prevalence of chronic diseases, increasing use of endoscopes for treatment and diagnosis of diseases, and enhanced application terrain of the product due to technical improvements are bolstering the industry expansion.
• Widespread usage of endoscopy in diagnostics procedures like cystoscopy, gastrointestinal endoscopy, arthroscopy, and laparoscopy, owing to soaring demand for minimally invasive surgeries over traditional/open surgeries, is anticipated to augment market growth during 2021-2026.

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Segmental overview:

Product Type	Flexible Endoscopes
	Rigid Endoscopes
	Others
Application	Arthroscopy
	Laparoscopy
	GI Endoscopy
	Others
End User	Ambulatory Surgical Centers
	Hospitals
	Others
Regions	North America
	Europe
	Asia Pacific
	Latin America and Middle East & Africa (LAMEA)

 

Window to the future:

• North America endoscopes industry is estimated to gain notable traction during the assessment period, due to rising prevalence of chronic diseases, growing preference for minimally invasive surgeries, increasing healthcare spending, aging population, and the introduction of new endoscopic products in the region.
• Asia Pacific market is likely to expand significantly over 2021-2026, owing to increasing demand for endoscopic operations, and the developing healthcare infrastructure in the region.

Explainer:

The COVID-19 outbreak negatively impacted worldwide endoscopes market because of lockdowns, travel restrictions, and the implementation of stay-at-home orders from the government. Several non-urgent surgical procedures were postponed minimizing the risk of infection and to comply with various governmental orders, thus hampering the progress of the industry.

Karl Storz SE & Co. KG, FUJIFILM Holdings Corporation, Steris Corporation, Medtronic plc, Boston Scientific Corporation Incorporated, Hoya Corporation, Stryker Corporation, CONMED Corporation, Johnson & Johnson, and Olympus Corporation among others are the leading industry players. There is fierce competition among manufacturers, due to the growing preference for endoscopes for various diagnostic and therapeutic treatments as well as technological advancements, which are predicted to propel the business sphere in the coming years.

Concluding lines:

Market research provides crucial insights about the business landscape in order to help clients in making successful expansion strategies. MarketStudyReport has a report titled ‘Global Endoscopes Market (2021 Edition) - Analysis By Product Type (Flexible, Rigid, Others), Application (GI, Laparoscopy, Arthroscopy, Others) End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, which contains all the necessary data including growth drivers, challenges, and upcoming opportunities to guide businesses in making profitable returns. This report is meticulously generated by doing qualitative and quantitative research to provide utmost benefits to the users.