Endoscopy Procedures Estimates Market: Current Analysis and Forecast (2022-2030)
Emphasis on Application (Gastrointestinal (GI) Endoscopy, Colonoscopy, Laparoscopy, Gastroscopy, Duodenoscopy, Bronchoscopy, Cystoscopy, Others); and Region/Country
The Endoscopy Procedures Estimates Market was valued at USD 223 million in 2021 & is expected to grow at a CAGR of 2% from 2022-2028 The endoscopy procedures estimate market refers to the estimation of the market size and growth potential of various endoscopic procedures. Endoscopy is a medical procedure that allows doctors to view and operate on the internal organs and structures of the body using a long, flexible tube with a light and camera attached to it. The growing demand for endoscopy procedures estimates can be attributed to the rising incidence of chronic diseases, such as gastrointestinal disorders, respiratory diseases, urological conditions, and cancer, which is a major driver for the endoscopy procedures market around the globe. For instance, according to CDC, In the United States in 2020, 1,603,844 new cancer cases were reported and 602,347 people died of cancer. For every 100,000 people, 403 new cancer cases were reported and 144 people died of cancer. Owing to the glaring statistics growth of cancer disease across the globe would contribute to the growth of the market in the forthcoming period as well. Furthermore, the endoscopy procedures estimate the market is anticipated to grow on account of the development of high-definition imaging, minimally invasive techniques, robotic-assisted procedures, and advanced accessories has expanded the application of endoscopy, leading to increased demand for these procedures. Moreover, there is a growing preference for minimally invasive procedures over traditional open surgeries due to their advantages, such as shorter hospital stays, reduced postoperative complications, faster recovery, and improved patient outcomes has led to a growing demand for endoscopy procedure estimates. However, some of the restraints in the market including the high initial costs and lack of skilled professionals y are impeding the growth of this market all over the world.
China Resources Phoenix Healthcare Holdings Company Limited, Tenet Healthcare Corporation, Surgical Care Affiliates, AMSURG Corporation, Ramsay Health Care, Apollo Hospitals Enterprise Ltd are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst application, the gastroscopy category is expected to witness significant CAGR during the forecast period”
Based on the application, the market is bifurcated into gastrointestinal (GI) endoscopy, colonoscopy, laparoscopy, gastroscopy, duodenoscopy, bronchoscopy, cystoscopy, and others. Among them, the gastroscopy segment is expected to grow at a higher CAGR in the market. Physicians advocate gastroscopy for the identification of various frequent symptoms, including indigestion, stomach pain, dysphagia, excessive vomiting, peculiar burping, and so on, which promotes the expansion of this segment. The rising prevalence of digestive and swallowing issues is also hastening the expansion of the gastroscopy market.
“North America to witness significant growth during the forecast period”
For a better understanding of the market adoption of endoscopy procedures estimates, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America, particularly the United States, is a hub for biotechnology and pharmaceutical research. The North American population is facing a growing burden of chronic diseases, such as gastrointestinal disorders, respiratory conditions, and cancer. The rising prevalence of these diseases drives the demand for endoscopy procedures as they play a crucial role in diagnosis, surveillance, and treatment. Moreover, North America is at the forefront of technological advancements in the field of endoscopy. The region witnesses early adoption of new technologies, such as high-definition imaging, advanced endoscopic accessories, and robotic-assisted procedures. The availability and utilization of cutting-edge technologies drive the growth of the market. Furthermore, the endoscopy procedures market in the North American region is the advanced healthcare infrastructure and high healthcare expenditure. For instance, in 2021, Medtronic announced the launch of its Hugo™ robotic-assisted surgery system in the United States. The system is designed to assist surgeons during minimally invasive procedures, including certain endoscopic procedures, by providing enhanced visualization and control.
Endoscopy procedures estimates Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
Global endoscopy procedures estimates market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Global Endoscopy Procedures Estimates Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global endoscopy procedures estimates market were the three major steps undertaken to create and analyze the adoption of endoscopy procedures estimates in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global endoscopy procedures estimates market. Post assumption and validHation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the endoscopy procedures estimates market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the endoscopy procedures estimates market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the endoscopy procedures estimates market. Further, we conducted factor analysis using dependent and independent variables such as application. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the endoscopy procedures estimates market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global endoscopy procedures estimates market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the endoscopy procedures estimates market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global endoscopy procedures estimates market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global endoscopy procedures estimates market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application in the global endoscopy procedures estimates market.
The main objective of the Global Endoscopy procedures estimates Market Study
The current & future market trends of the global endoscopy procedures estimates market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the endoscopy procedures estimates market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of
- Define and analysis of the regulatory framework for the endoscopy procedures estimates market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the endoscopy procedures estimates market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the endoscopy procedures estimates market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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