Endoscopic Imaging Market Drivers 2023-2029: Rising Prevalence of Chronic Diseases, Technology Advancements, Favorable Reimbursements


Endoscopic Imaging Market Overview:

The latest study from Maximize Market Research,  “ Endoscopic Imaging Market ” 2023-2029, is helpful in understanding the market’s competitors. The study takes a wide and basic look at the market, as well as a look into subjective variables that could give readers valuable business insights. The study includes a market overview that covers the value chain structure, regional analysis, applications, market size, and forecast (2022-2029). The study will be used to get a more accurate assessment of the existing and future state of the global Endoscopic Imaging market.

The size of the endoscopic imaging market was estimated at USD 29.74 billion in 2022, and it is predicted that from 2023 to 2029, the overall endoscopic imaging revenue will increase by 7.2%, or USD 48.39 billion.

Market Opportunities :

expanding healthcare industry in emerging nations

The economies of the BRICS countries—Brazil, Russia, India, China, and South Africa—are some of the fastest-growing in the world. The World Economic Forum projects that by 2022, emerging economies will be responsible for around one-third of global healthcare spending. These nations have the most patents since they account for more than half of the global population.

Increased rates of cancer, quick advancements in healthcare infrastructure, a rise in medical tourism, and lax regulations in these nations all encourage producers of endoscopy equipment to increase their market share in developing endoscopic imaging markets. The Asia Pacific, the Middle East, and Latin America are currently seeing the establishment of facilities by several producers of endoscopic equipment. Manufacturing operations have already been set up by Stryker and KARL STORZ.

The endoscopic imaging industry is growing thanks to technological improvement.

The endoscopic imaging market is driven by a growing inclination among medical professionals to utilize cutting-edge endoscopy imaging systems outfitted with high-definition cameras and light sources to aid doctors in evaluating interior organs of interest. Demand for endoscopic imaging equipment is anticipated to increase due to the preference for less invasive surgical methods over standard surgeries to shorten hospital stays and prevent post-operative problems. The need for minimally invasive endoscopic procedures is therefore anticipated to rise in the next years, propelling the expansion of the endoscopic imaging market. These considerations include improved patient satisfaction, increased economic viability, and shorter hospital stays.

Technology development for new endoscopic imaging devices is anticipated to speed up the growth of the endoscopic imaging market over the forecast period.

Market Scope:

Throughout the projected period, the study analyses a variety of factors, including worldwide Endoscopic Imaging market growth, consumer volume, market trends, and corporate pricing structures, in order to provide an analytical evaluation of the industry. The report provides in-depth analysis of the market’s complexities. Market features, product differentiation analysis, market size, client landscape, and regional landscape are all included in the research. The report considers development direction, current trends, breakthroughs, predictions, and the competitive environment in its research. This market has been explored in a variety of categories based on profitability and industrial base.

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The Gastroenterology category dominated the endoscopic imaging markets in 2022, accounting for 55.7% of revenue, according to the Application. One of the main factors propelling the expansion of the gastroenterology segment is the increased incidence of gastrointestinal illnesses in the young, adult, and elderly populations globally.

Constipation, irritable bowel syndrome, and dyspepsia are examples of gastrointestinal problems. Additionally, one prevalent form of organic gastrointestinal problem is gastroesophageal reflux disease. The demand for gastrointestinal endoscopy is being driven by the increased prevalence of gastrointestinal illnesses and an aging population. In the world, gastrointestinal tumors are the second most common reason for cancer-related death. The most effective method for finding gastrointestinal malignancies is endoscopy.

The market in the upcoming years is therefore anticipated to be driven by an increase in endoscopic treatments for the early diagnosis of gastrointestinal malignancies. Most gastrointestinal stromal tumors start in the esophagus, colon, or rectum. Gastrointestinal stromal tumors are typically diagnosed in patients over the age of 50.

The rising incidence of malignant cancers will fuel the market. In 2022, there will be 106,180 new instances of colon cancer and 44,850 new cases of rectal cancer in the United States, predicts the American Cancer Society (ACS). According to the American Cancer Society, men have a one in 23 (4.3%) lifetime risk of having colorectal cancer, while women have a one in 25 (4.0%) lifetime risk. the The World Health Organization (WHO) predicts that in 2021, there will be about 1.93 million new cases of colon and rectum cancer.

1. Global Endoscopic Imaging Market Size, by Application (2023-2029)
• Gastroenterology
• Urology
• Orthopedic Surgery
• Cardiology
• ENT Surgery
• Gynecology

2. Global Endoscopic Imaging Market Size, by Product (2023-2029)
• Visualization Equipment
• Endoscopes
• Endoscopic Operative Device

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Key Players:

It then goes into great detail on the major rivals in the global Endoscopic Imaging market, as well as developing companies, including revenue, demand, high-quality product producers, sales, and service providers. The study also looks at capacity utilisation, raw material sources, import-export, the value chain, pricing structure, and the industrial supply chain. This report features the following players:

1. Olympus Corporation
2. HOYA Corporation
3. Fujifilm
4. Johnson & Johnson
5. Boston Scientific Corporation
6. Covidien Plc

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Regional Analysis:

Based on various types of commodities, applications, end-users, and nations, among others, the research gives detailed insights into multiple development prospects and obstacles in the above-mentioned locations. Key elements of the global Endoscopic Imaging market, such as sales growth, product pricing and analysis, growth potential, and solutions for addressing market challenges in certain areas, are also included in the study.

COVID-19 Impact Analysis on Endoscopic Imaging Market:

COVID-19 is a global public health emergency that has damaged almost every firm, and the long-term effects are likely to have an impact on industry growth during the projection period. Our ongoing research widens our research methods to incorporate basic COVID-19 problems as well as possible future steps. The study considers changes in consumer behaviour and demand, purchasing patterns, the dynamics of modern market forces, and significant government efforts while analysing COVID-19. The updated research includes market insights, analysis, estimates, and predictions based on COVID-19’s impact.

Important inquiries addressed in the  Endoscopic Imaging Market are:

  • What is Endoscopic Imaging ?
  • What are the global trends in the Endoscopic Imaging Market?
  • What was the Endoscopic Imaging Total Market size in 2023?
  • What is expected  Endoscopic Imaging Market size by 2029?
  • Who held the largest market share in Endoscopic Imaging Market?
  • Who are the leading companies and what are their portfolios in Endoscopic Imaging Market?
  • What are the major challenges that the   Endoscopic Imaging  Industry could face in the future?

Key Offerings:

  • Past Market Size and Competitive Landscape (2017 to 2022)
  • Past Pricing and price curve by region (2017 to 2022
  • Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023−2029
  • Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis

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