Endoscopy Procedures Estimates Market Trends and Business Outlook 2030

Endoscopy Procedures Estimates Industry Overview

The global endoscopy procedures estimates market was valued at 222.9 million procedures in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 1.3% from 2022 to 2030.

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.

Gather more insights about the market drivers, restrains and growth of the Global Endoscopy Procedures Estimates Market

U.S. endoscopy procedures estimates market volume, by application, 2020 - 2030 (Number of Procedures in Millions)

Furthermore, the rising preference for minimally invasive surgery over conventional methods is also expected to increase the number of endoscopic procedures. In addition, globally, the increasing number of surgeries performed is anticipated to boost the market growth over the forecast years. According to the data published in the International Journal of Surgery, over 310 million major medical procedures are performed each year in the world, out of which, about 40 to 50 million are performed in the U.S and 20 million in Europe. In addition, the growing incidence of stomach cancer, esophagus cancer, and colon cancer is anticipated to increase the volume of endoscopic surgeries over the forecast period.

According to the Globocan report 2020, worldwide, the number of new cases of colorectum, stomach, and esophagus cancers was 1.9, 1.1, and 0.6 million, respectively. To diagnose collateral and gastric cancer, over 6 to 8 endoscopic biopsies are recommended, which is further propelling the adoption of endoscopic procedures. Furthermore, technological advancement in the endoscopic devices to obtain high-quality digestive tract images coupled with the development of new cost-effective devices will support the market growth. For example, Fujifilm launched its 10 new endoscopes in 2019 to strengthen its offering in interventional GI and interventional pulmonary endoscopy with advanced features like Ultra-Slim, compactible, and removable single-use distal end cap functionality for manual cleaning facility.

Browse through Grand View Research's Medical Devices Industry Research Reports.

  • Endoscopes Market - The global endoscopes market size was valued at USD 12.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2022 to 2030.
  • ENT Devices Market - The global ENT devices market size was valued at USD 21.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.69% from 2022 to 2030.

Order a free sample PDF of the Endoscopy Procedures Estimates Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Automotive Semiconductor Market Share, Drivers And Restraints By 2028

Image
Automotive Semiconductor Industry Overview The global automotive semiconductor market size was valued at USD 41.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. Increasing demand for electronic content per car is expected to bolster the market growth over the forecast period. Furthermore, increasing penetration of electronic components in luxury to mass-produced cars is also expected to lead to steady market growth over the next few years. The other factors contributing to the market growth include the proliferation of connected cars, infotainment systems, automotive safety systems, and fuel efficiency standards. Gather more insights about the market drivers, restrains and growth of the Global Automotive Semiconductor Market Three key trends-namely, autonomy, electrification, and connected mobility-are expected to emerge as major revenue drivers. These trends will play a pivotal role in driving the demand for electron
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more