Endoscopy Procedures Estimates Market Trends and Insight 2030
The global endoscopy procedures estimates market size was valued at USD 220.9 million in 2021, and is predicted to be worth around USD 248.5 million by 2030, registering a CAGR of 1.2% during the forecast period 2022 to 2030.
Growth Factors:
Growing prevalence of functional gastrointestinal disorders is one of the major factors for the high adoption of minimally invasive endoscopic procedures. For example, according to the data published by the endoscopy center of the gastroenterology associates of Pensacola, each year, about 62 million Americans are diagnosed with a digestive disorder. Similarly, in 2020, another report published in the Gastroenterology journal stated that over 40% of people in the world have functional gastrointestinal disorders.
The growing prevalence of chronic diseases increases the adoption of minimally invasive endoscopic surgeries to diagnose, treat, and prevent the internal organ complications associated with these diseases. According to the CDC’S National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP) report, about 6 in 10 adults in the U.S have a chronic disease. Moreover, the rapid progress by healthcare providers to introduce minimally invasive surgeries for better post-clinical outcomes is expected to drive the adoption of endoscopy procedures.
The increasing prevalence of gastrointestinal cancers is also expected to accelerate the adoption of endoscopy procedures all over the globe. Moreover, technological advancements in endoscopy devices further accelerate the adoption of this procedure to diagnose and treat several gastrointestinal disorders. The advancement of endoscopic devices to view intra-abdominal organs using video endoscopy and the integration of computer software with endoscopic devices also supports the adoption of endoscopic procedures.
Report Coverage
| Report Scope | Details |
| Market Size | USD 248.5 million by 2030 |
| Growth Rate | CAGR of 1.2% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Application, region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | China Resources Phoenix Healthcare Holdings Company Limited,Tenet Healthcare Corporation,Surgical Care Affiliates,AMSURG Corporation,Ramsay Health Care,Apollo Hospitals Enterprise Ltd,IHH Healthcare Berhad. |
By Application Analysis
The gastroscopy application segment dominated the market in 2021 accounting for a share of 31.1%, in terms of the number of procedures. Other application segments are Gastrointestinal (GI) endoscopy, colonoscopy, laparoscopy, duodenoscopy, bronchoscopy, cystoscopy, and others.
An increase in the number of endoscopic surgeries performed for the diagnosis of the upper digestive tract or esophagus is the major factor attributed to the highest share of this segment.
Gastroscopy is recommended by the physicians for diagnosis of several common symptoms, such as indigestion, abdominal pain, dysphagia, excessive vomiting, unusual burping, and so on, which, in turn, drives the growth of this segment.
By Regional Analysis
Asia Pacific region dominated the global estimates with the highest share of more than 43.0% in 2021. The growing prevalence of digestive tract disorders coupled with a larger population contributed to the high adoption of endoscopic procedures in this region.
Increasing awareness about minimally invasive surgeries and the growing number of modern healthcare facilities are the major factors anticipated to boost the adoption of endoscopic procedures in the region.
The presence of a large number of healthcare facilities performing endoscopic surgeries and the high adoption of minimally invasive endoscopic procedures are expected to drive the region’s growth.
The increasing prevalence of functional gastrointestinal disorders and irritable bowel syndrome is also expected to drive the region's growth.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Endoscopy Procedures Estimates Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Endoscopy Procedures Estimates market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Endoscopy Procedures Estimates market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Endoscopy Procedures Estimates markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Endoscopy Procedures Estimates Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers