Endotherapy Devices Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
29 Jun, 2023
The global endotherapy devices market size is expected to grow from $4.22 billion in 2022 to $4.48 billion in 2023 at a compound annual growth rate (CAGR) of 5.97%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global endotherapy devices market size is expected to reach $5.74 billion in 2027 at a CAGR of 6.41%.
Global Endotherapy Devices Market Key Driver
The rising prevalence of gastrointestinal illnesses is projected to drive the growth of the endotherapy devices market in the coming years. Colorectal cancer, gastroesophageal reflux disease, ulcerative colitis (UC), inflammatory bowel disease (IBD), Crohn's disease (CD), and other gastrointestinal ailments affect the digestive tract from the mouth to the anus. Endotherapy devices are used to perform non-invasive or minimally invasive surgical treatments in the gastrointestinal tract to treat and diagnose ulcers, bleeding, celiac disease, blockages, inflammation, and tumours. It also helps in determining the cause of inexplicable symptoms such as heartburn, abdominal pain, bleeding, nausea, vomiting, and pain.
Get a sample of the global endotherapy devices market reportGlobal Endotherapy Devices Market Segments
The global endotherapy devices market is segmented:
1) By Product: Gastrointestinal Devices and Accessories,Endoscopic Retrograde Cholangio Pancreatography Devices And Accessories, Other Endotheraphy Devices
2) By Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuro-Endoscopy, Gastrointestinal Endoscopy, Other Applications
3) By End-Use: Hospital, Ambulatory Surgical Centers, Other End-Users
4) By Geography: The regions covered in the endotherapy devices market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global endotherapy devices market.
Major Endotherapy Devices Industry Players
Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Medtronic Plc, Fujifilm Holdings Corporation, Johnson & Johnson, Cook Group Incorporated, Karl Storz SE & Co. KG, Hoya Corporation, Stryker Corporation, Siemens Healthcare, Taewoong Medical Co. Ltd, Smith & Nephew Plc., Steris Corporation, Cosmed Corporation, Micro-Tech (Nanjing) Co Ltd
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Endotherapy Devices Market Overview
Endotherapy devices are medical devices used in endoscopic procedures for the diagnosis, treatment, and management of various disorders such as gastrointestinal, colonoscopy, laparoscopy, anoscopy, arthroscopy, bronchoscopy, and others. These devices are designed to be used with an endoscope, a flexible tube with a light and camera attached that offers physicians to view the inside for better inspection of internal organs.
Endotherapy Devices Global Market Report 2023 provides data on the global endotherapy devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The endotherapy devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.