Gastrointestinal Endoscopic Devices Market Insights:
The Gastrointestinal Endoscopic Devices Market size was valued at USD 9.69 Billion in 2022, expecting a CAGR of 5.2% during the forecast period (2023-2030), and the market is projected to be worth USD 14.54 Billion by 2030.
The increased adoption of Gastrointestinal Endoscopic Devices in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Gastrointestinal Endoscopic Devices also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Gastrointestinal Endoscopic Devices in many sectors also boosts the market growth during the forecast period.
Gastrointestinal endoscopic devices refer to medical devices used in gastrointestinal endoscopy procedures, which are diagnostic or therapeutic procedures that allow healthcare professionals to examine the gastrointestinal tract, including the esophagus, stomach, and intestines, using an endoscope. Gastrointestinal endoscopic devices are used in the diagnosis and treatment of various gastrointestinal conditions, including ulcers, inflammatory bowel disease, gastrointestinal bleeding, and gastrointestinal cancers, among others. Endoscopy can also be used to detect and treat precancerous lesions, helping to prevent the development of cancer.
Gastrointestinal Endoscopic Devices Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Gastrointestinal Endoscope, Capsule Endoscopes, Virtual Colonoscopy Software, Stenting and Dilation), By End Use (Hospitals, Diagnostic Centers, Others), and companies (Covidien Ltd., Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson Ltd., Fujinon Ltd, and Conmed Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.2%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||14.54 Billion|
|By Product||Gastrointestinal Endoscope, Capsule Endoscopes, Virtual Colonoscopy Software, Stenting and Dilation|
|By End Use||Hospitals, Diagnostic Centers, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Covidien Ltd., Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson Ltd., Fujinon Ltd, and Conmed Corporation.|
The COVID-19 pandemic has had a substantial negative influence on the Gastrointestinal Endoscopic Devices market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Covidien Ltd., Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson Ltd., Fujinon Ltd, and Conmed Corporation
Market Segment Analysis:
- Gastrointestinal Endoscope
- Capsule Endoscopes
- Virtual Colonoscopy Software
- Stenting and Dilation
By End Use
- Diagnostic Centers
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Gastrointestinal Endoscopic Devices industries in the region.
Key Gastrointestinal Endoscopic Devices Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Gastrointestinal Endoscopic Devices Market segments.
– Largest Market Share Held by Industry to Industry for Gastrointestinal Endoscopic Devices
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Gastrointestinal Endoscopic Devices Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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