Endoscopy Equipment Market 2021, Size, Share, Product Scope, Business Development and Opportunities till 2030

In a recent published report, Kenneth Research has updated the market report for Endoscopy Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Endoscopy Equipment Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

Global Endoscopy Equipment Market was valued at USD 26.8 Billion in the year 2017. Global Endoscopy Equipment Market is further estimated to grow at a CAGR of 6.10% from 2018 to 2025 to reach USD — Billion by 2025. North America region holds the highest Market share in 2017. The U.S. is the major Market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The major players in Endoscopy Equipment Market are B. Braun Melsungen AG (Germany), Medtronic PLC (U.S), Ethicon Inc. (Subsidiary of Johnson & Johnson) (U.S), Boston Scientific Corporation (U.S), Stryker Corporation (U.S), Olympus Corporation (Japan), Smith & Nephew plc (U.K), Richard Wolf GmbH (Germany), Fujifilm Holdings Corporation (Japan), Pentax Medical (Hoya Corporation) (U.S) (Other 13 companies detailed information is provided in research report). Growth strategies adopted by most of the top manufacturers in recent years provides comprehensive Market opportunities for the various stakeholder.

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Strength
Rising healthcare Market
Development of technology for improved equipment for endoscopy
Increasing aging population

Weakness
The absence of trained labor
Costly endoscopy procedure

Opportunity
Growing adoption of the non-surgical procedure
Disposable endoscopes

Threats
Side-effects caused by equipment

By product, among all other endoscopy equipment products, the endoscopes segment hold the highest Market share in 2017. On the other hand, endoscopy equipment Market segment by end users type’s hospitals holds the largest Market is expected to grow at the highest CAGR during the year 2018-2025.

By Product Type
Endoscopes
Operative Devices
Visualization Systems
Other Endoscopy Equipment

By End-Use
Hospital
Diagnostic Centre
Specialized Clinic

By Application
Gastroenterology
Respiratory Tract
Orthopedics
Gynecology
Urology
Pulmonology
Otorhinolaryngology
GI Endoscopy
Laparoscopy

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By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

Key points covered in this report:

  • The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
  • The import and export details along with consumption value and production capability of every region is mentioned in the report.
  • Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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