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Showing posts with the label endoscopy devices

Global Market for Endoscopy Devices is Anticipated to Grow by 7% through 2030 and Reach $89 billion

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Industry Experts, Inc., unveiled the latest version of its report on Endoscopy Devices Market . The report reveals that the global endoscopy devices market is valued at US$58.8 billion in 2024 and is projected to grow at a CAGR of 7.1% from 2024 to 2030, reaching US$88.8 billion by 2030. The global endoscopy devices market is experiencing rapid growth driven by aging populations, increased prevalence of chronic diseases, and technology breakthroughs. Innovations such as wireless capsule endoscopes, robotic-assisted endoscopes, 3D visualization, and high-definition imaging reduce infection risks, improve patient outcomes, and increase diagnostic accuracy. The growing trend towards minimally invasive procedures, which provide quicker recovery times and fewer complications, is driving demand in this market. The endoscope segment led the endoscopy devices market by product, accounting for a 37.9% share in 2024, due to rising endoscopic procedures and preference for flexible,...

Gastrointestinal, Laparoscopy and Urology Applications Drive the Demand for Endoscopy Devices to Reach $49 Billion by 2024

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Industry Experts, Inc. introduced the global market report on Endoscopy Devices. The new report entitled " Endoscopy Devices – A Global Market Overview " reveals that Asia-Pacific is expected the fastest growing market for Endoscopy Devices, projected to register a CAGR of 8.2% during the period 2017-2024 to reach US$13 billion by 2024 while North America is the largest market. An endoscope is a lighted medical device that finds application in performing diagnostic and therapeutic interventions within the hollow cavities and visceral organs of the body such as the brain, esophagus, lungs, abdomen and gastrointestinal (GI) tract, among others. Endoscopy focuses on examining abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal conditions. This procedure’s minimal invasiveness and fewer complications after operation render it to be the procedure of choice in diagnostics and surgery. The primary factor...