[Latest] Global Gastrointestinal Endoscopy Devices Market Size/Share Worth USD 21,413.4 Million by 2033 at a 5.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Gastrointestinal Endoscopy Devices Market size & share revenue was valued at approximately USD 12,185.1 Million in 2023 and is expected to reach USD 12,891.8 Million in 2024 and is expected to reach around USD 21,413.4 Million by 2033, at a CAGR of 5.8% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Olympus Corporation, Boston Scientific Corporation, Medtronic plc, Johnson & Johnson (Ethicon Inc.), KARL STORZ SE & Co. KG, Fujifilm Holdings Corporation, Stryker Corporation, HOYA Corporation (PENTAX Medical), Smith & Nephew plc, Cook Medical Inc., CONMED Corporation, Ambu A/S, Richard Wolf GmbH, STERIS plc, EndoChoice Holdings Inc, and others.

/EIN News/ -- Austin, TX, USA, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Gastrointestinal Endoscopy Devices Market Size, Trends and Insights By Product Type (Endoscopes, Visualization Systems, Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices, Capsule Endoscopes, Accessories, Others), By Application (Diagnostic Endoscopy, Therapeutic Endoscopy, Screening, Others), By End User (Hospitals, Ambulatory Surgical Centers (ASCs), Clinics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Gastrointestinal Endoscopy Devices Market size & share was valued at approximately USD 12,185.1 Million in 2023 and is expected to reach USD 12,891.8 Million in 2024 and is expected to reach a value of around USD 21,413.4 Million by 2033, at a compound annual growth rate (CAGR) of about 5.8% during the forecast period 2024 to 2033.”

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Gastrointestinal Endoscopy Devices Market: Growth Factors and Dynamics

• Technological Advancements: Ongoing innovations such as high-definition imaging, miniaturization, and AI integration in endoscope technology improve diagnostic precision and therapeutic outcomes, driving market growth and adoption across healthcare facilities worldwide.

• Prevalence of Gastrointestinal Disorders: Rising incidences of conditions like colorectal cancer, GERD, and IBD amplify demand for gastrointestinal endoscopy devices. These devices enable early detection, precise diagnosis, and effective treatment planning, supporting better patient outcomes and management of gastrointestinal diseases.

• Shift towards Minimally Invasive Procedures: Increasing patient preference for minimally invasive surgeries over open surgeries propels the adoption of gastrointestinal endoscopy devices. Benefits such as reduced recovery times, lower complication rates, and shorter hospital stays enhance patient satisfaction and drive market expansion.

• Aging Population: The global demographic shift towards an aging population contributes significantly to market growth. Elderly individuals are more susceptible to gastrointestinal ailments, necessitating regular screenings and therapeutic interventions facilitated by advanced endoscopy technologies.

• Expansion of Healthcare Infrastructure: Investments in healthcare infrastructure, particularly in developing regions, bolster access to advanced medical technologies including gastrointestinal endoscopy devices. Improved healthcare facilities and diagnostic capabilities support increased procedural volumes and market penetration.

• Regulatory Advancements and Standards: Stringent regulatory frameworks ensure safety, efficacy, and quality standards for gastrointestinal endoscopy devices. Compliance with regulatory requirements stimulates innovation, enhances product reliability, and fosters trust among healthcare providers and patients alike, driving market dynamics and growth.

• Technological Advancements: Ongoing innovations such as high-definition imaging, miniaturization, and AI integration in endoscope technology improve diagnostic precision and therapeutic outcomes, driving market growth and adoption across healthcare facilities worldwide. These advancements also contribute to enhanced procedural efficiency and patient comfort, further solidifying the market’s expansion and relevance in modern medical practice.

• Technological Advancements: Ongoing innovations such as high-definition imaging, miniaturization, and AI integration in endoscope technology improve diagnostic precision and therapeutic outcomes, driving market growth and adoption across healthcare facilities worldwide. These advancements also contribute to enhanced procedural efficiency, patient safety, and healthcare provider satisfaction, fostering continuous market expansion and advancement.

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Gastrointestinal Endoscopy Devices Market: Partnership and Acquisitions

• In 2022, Medtronic introduced GI Genius, an AI-powered endoscopy module in India, designed to aid in the detection and treatment of colorectal cancer. This technology provides real-time data and improves visualization during colonoscopy procedures, empowering physicians with advanced diagnostic capabilities for better patient outcomes.

• In 2022, FUJIFILM India introduced FushKnife, a diathermic slitter, and ClutchCutter, a rotatable forceps, at the 63rd Annual Conference of the Indian Society of Gastroenterology (ISGCON) in Jaipur. These advanced tools showcase FUJIFILM’s commitment to enhancing gastrointestinal endoscopy capabilities and innovation in India.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 12,891.8 Million
Projected Market Size in 2033	USD 21,413.4 Million
Market Size in 2023	USD 12,185.1 Million
CAGR Growth Rate	5.8% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product Type, Application, End User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Gastrointestinal Endoscopy Devices report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

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(Please note that the sample of the Gastrointestinal Endoscopy Devices report has been modified to include the COVID-19 impact study prior to delivery.)

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Gastrointestinal Endoscopy Devices Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Gastrointestinal Endoscopy Devices Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Reduction in Elective Procedures: During the pandemic, there was a significant reduction in elective endoscopy procedures as healthcare resources were diverted to manage COVID-19 patients, impacting procedural volumes and revenue for device manufacturers and healthcare providers.

• Supply Chain Disruptions: Global supply chain disruptions caused delays in the manufacturing and distribution of gastrointestinal endoscopy devices, leading to shortages and affecting market availability.

• Resumption of Elective Procedures: As COVID-19 restrictions eased and healthcare systems adapted to new protocols, there was a gradual resumption of elective endoscopy procedures, boosting procedural volumes and revenue for device manufacturers.

• Technological Innovation: Increased focus on technological advancements, such as telehealth integration, AI-assisted diagnostics, and remote monitoring capabilities, has driven recovery by enhancing procedural efficiency and patient safety.

• Shift towards Minimally Invasive Procedures: Growing preference for minimally invasive procedures post-pandemic has accelerated the adoption of gastrointestinal endoscopy devices, as they offer reduced risks of infection, shorter recovery times, and improved patient outcomes compared to traditional surgical interventions.

• Expansion of Healthcare Infrastructure: Investments in healthcare infrastructure and digital health technologies have supported the recovery of the market by improving access to gastrointestinal endoscopy services and enhancing diagnostic capabilities.

• Regulatory Adaptations: Regulatory adaptations and guidelines focusing on infection control measures and safety protocols have reassured patients and healthcare providers, fostering confidence in resuming regular endoscopy procedures and supporting market recovery efforts.

• Patient and Provider Safety Measures: Implementation of stringent infection control protocols and safety measures in healthcare settings has reassured patients and healthcare providers, encouraging them to resume elective procedures using gastrointestinal endoscopy devices.

• Education and Training Initiatives: Increased emphasis on education and training programs for healthcare professionals on the safe and effective use of gastrointestinal endoscopy devices post-pandemic has facilitated smoother recovery and adoption of advanced technologies in clinical practice.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Gastrointestinal Endoscopy Devices Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

• What is the size of the Gastrointestinal Endoscopy Devices market and what is its expected growth rate?
• What are the primary driving factors that push the Gastrointestinal Endoscopy Devices market forward?
• What are the Gastrointestinal Endoscopy Devices Industry's top companies?
• What are the different categories that the Gastrointestinal Endoscopy Devices Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Gastrointestinal Endoscopy Devices market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Gastrointestinal Endoscopy Devices Market – Regional Analysis

The Gastrointestinal Endoscopy Devices Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: In North America, the trend in the gastrointestinal endoscopy devices market includes a strong emphasis on technological advancements and the adoption of AI-driven diagnostics. There is also a growing preference for premium endoscopic equipment in hospitals and ASCs, driven by higher healthcare expenditures and stringent regulatory standards promoting advanced medical technologies.

• Europe: Europe sees a trend towards sustainable healthcare practices, influencing the adoption of eco-friendly endoscopy devices and accessories. There’s also a focus on integrated healthcare systems, promoting the use of telemedicine and remote monitoring capabilities within endoscopic procedures, enhancing patient care and operational efficiency.

• Asia-Pacific: The Asia-Pacific region experiences a trend towards rapid market expansion due to increasing healthcare infrastructure investments and rising awareness of gastrointestinal health. There’s a significant uptake of cost-effective endoscopic solutions in clinics and ASCs, along with advancements in mobile health technologies to facilitate remote consultations and expand access to rural areas.

• LAMEA (Latin America, Middle East, and Africa): LAMEA exhibits a trend towards improving healthcare accessibility through public-private partnerships and government initiatives. There’s a growing demand for affordable and portable endoscopy devices to address regional healthcare disparities. Additionally, technological advancements in endoscopic imaging and therapeutic capabilities are being tailored to meet local healthcare needs and enhance diagnostic accuracy in the region.

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List of the prominent players in the Gastrointestinal Endoscopy Devices Market:

• Olympus Corporation
• Boston Scientific Corporation
• Medtronic plc
• Johnson & Johnson (Ethicon Inc.)
• KARL STORZ SE & Co. KG
• Fujifilm Holdings Corporation
• Stryker Corporation
• HOYA Corporation (PENTAX Medical)
• Smith & Nephew plc
• Cook Medical Inc.
• CONMED Corporation
• Ambu A/S
• Richard Wolf GmbH
• STERIS plc
• EndoChoice Holdings Inc.
• Others

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The Gastrointestinal Endoscopy Devices Market is segmented as follows:

By Product Type

• Endoscopes
• Visualization Systems
• Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices
• Capsule Endoscopes
• Accessories
• Others

By Application

• Diagnostic Endoscopy
• Therapeutic Endoscopy
• Screening
• Others

By End User

• Hospitals
• Ambulatory Surgical Centers (ASCs)
• Clinics
• Others

Click Here to Get a Free Sample Report of the Global Gastrointestinal Endoscopy Devices Market @ https://www.custommarketinsights.com/report/gastrointestinal-endoscopy-devices-market/

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Gastrointestinal Endoscopy Devices Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Gastrointestinal Endoscopy Devices Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Gastrointestinal Endoscopy Devices Market? What Was the Capacity, Production Value, Cost and PROFIT of the Gastrointestinal Endoscopy Devices Market?
• What Is the Current Market Status of the Gastrointestinal Endoscopy Devices Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Gastrointestinal Endoscopy Devices Market by Considering Applications and Types?
• What Are Projections of the Global Gastrointestinal Endoscopy Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Gastrointestinal Endoscopy Devices Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Gastrointestinal Endoscopy Devices Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Gastrointestinal Endoscopy Devices Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Gastrointestinal Endoscopy Devices Industry?

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Reasons to Purchase Gastrointestinal Endoscopy Devices Market Report

• Gastrointestinal Endoscopy Devices Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Gastrointestinal Endoscopy Devices Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Gastrointestinal Endoscopy Devices Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Gastrointestinal Endoscopy Devices Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Gastrointestinal Endoscopy Devices market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Gastrointestinal Endoscopy Devices market analysis.

• The competitive environment of current and potential participants in the Gastrointestinal Endoscopy Devices market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Gastrointestinal Endoscopy Devices market should find this report useful. The research will be useful to all market participants in the Gastrointestinal Endoscopy Devices industry.

• Managers in the Gastrointestinal Endoscopy Devices sector are interested in publishing up-to-date and projected data about the worldwide Gastrointestinal Endoscopy Devices market.

• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Gastrointestinal Endoscopy Devices products' market trends.

• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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