Global Industrial Endoscopic Equipment Market Overview
According to SPER Market Research, the Global Industrial Endoscopic Equipment Market is estimated to reach USD 96.10 billion by 2032 with a CAGR of 7.74%.
An endoscopy according to medical terminology is the procedure used to look inside the patient body. It is a least invasive procedure used to examine a patient’s internal organ or tissue. The devices are inserted into the body either through natural openings or cavities like anus or mouth or through incision made with the help of a sharp blade scalpel. A camera and other accessory instrument are also attached with the main endoscopy tube to increase its efficiency. It is mainly used to study the infection of stomach, Intestines, ENT (Ear, Nose and Throat).Endoscopy is mainly used by Nephrologist, Cardiologists, Gynecologists, gastroenterologists, liver transplant surgeons. Due to unhealthy lifestyle there is a continuous rise in these disease which is the main driving factor in increasing the market size of these Instruments. Additionally the rising economies are also responsible for significant market growth opportunities. The growth in the market is also due to advancement in the technology used behind these endoscopic instruments as well as the endoscopic technologies to ensure the patient safety and more accurate and reliable diagnosis of the disease.
A number of advancement and development has been done recently in the endoscopic technologies like FDA approval received by Carl Zeiss AG for the manufacturing of disposable forceps that decreases the adhesion of tissues while making the incision or the FDA clearance received by Endo Fresh for the development of disposable digestive endoscopic system that is mainly used for treatment of gastrointestinal diseases. Merger and Acquisition between some giant players of the industry may also result in synergies for developing the new Endoscopic products which further enhances the efficiency of treatment as well as the market size of the products. However some factors can also effect the growth of market in a negative manner like improper handling of equipment, high cost (fixed plus variable). Sterility is also an important factor which should be consider to increase its market size and also safety of the patient and the person using it.
Impact of COVID-19 on the Global Industrial Endoscopic Equipment Market
The COVID-19 pandemic has had a significant impact on the global industrial endoscopic equipment market. Endoscopic equipment is used to diagnose and treat various medical conditions, as well as in various industries for inspection and maintenance purposes.One of the major impacts of the pandemic on the industrial endoscopic equipment market has been the disruption of supply chains. With lockdowns and travel restrictions in place, manufacturers have faced challenges in procuring raw materials and shipping finished products. As a result, there has been a shortage of endoscopic equipment in many regions, leading to a slowdown in demand.
Despite the challenges posed by the pandemic, the industrial endoscopic equipment market is expected to recover in the coming years. With the easing of lockdowns and the resumption of industrial activity, the demand for endoscopic equipment is likely to increase. In addition, the increasing adoption of minimally invasive procedures and the development of advanced endoscopic technologies are expected to drive the growth of the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Application, By Accessories, By End Users, By Product Type, By Visualization System
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Olympus, Fujifilm, HOYA, Karl Storz, Stryker, Endo Choice, Richard Wolf, Aohua, Johnson and Johnson
|
Global Industrial Endoscopic Equipment Market Segmentation:
1. By Application:
- Arthroscopy
- Bronchoscopy
- Colonoscopy
- Laryngoscopy
2. By Accessories:
3. By End Users:
- Ambulatory Settings
- ENT clinics
- Hospitals
4. By Product Type:
- Flexible Endoscopes
- Hearing Screening Devices
- Rigid Endoscopes
5. By Visualization System:
- Recorders
- Processors
- Video Converters
6. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Industrial Endoscope Equipment Market (FY’2019-FY’2032)
- Overview of Global Industrial Endoscope Equipment Market
- Segmentation of Global Industrial Endoscope Equipment Market By Application (Arthroscopy, Bronchoscopy, Colonoscopy, Laryngoscopy)
- Segmentation of Global Industrial Endoscope Equipment Market By Accessories (Insufflator, Mouthpieces)
- Segmentation of Global Industrial Endoscope Equipment Market By End Users (Ambulatory Settings, ENT Clinics, Hospitals)
- Segmentation of Global Industrial Endoscope Equipment Market By Product Type (Flexible Endoscopes, Hearing Screening Devices, Rigid Endoscopes)
- Segmentation of Global Industrial Endoscope Equipment Market By Visualization System (Recorders, Processors, Video Converters)
- Statistical Snap of Global Industrial Endoscope Equipment Market
- Growth Analysis of Global Industrial Endoscope Equipment Market
- Problems and Challenges of Global Industrial Endoscope Equipment Market
- Competitive Landscape in the Global Industrial Endoscope Equipment Market
- Impact of COVID-19 and Demonetization on Global Industrial Endoscope Equipment Market
- Details on Recent Investment in Global Industrial Endoscope Equipment Market
- Competitive Analysis of Global Industrial Endoscope Equipment Market
- Major Players in the Global Industrial Endoscope Equipment Market
- SWOT Analysis of Global Industrial Endoscope Equipment Market
- Global Industrial Endoscope Equipment Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts on the Global Industrial Endoscope Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Industrial Endoscope Equipment Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Endoscope Equipment Market
7. Global Industrial Endoscope Equipment Market, By Application, 2019-2032 (USD Million)
7.1 Arthroscopy
7.2 Bronchoscopy
7.3 Colonoscopy
7.4 Laryngoscopy
8. Global Industrial Endoscope Equipment Market, By Accessories, 2019-2032 (USD Million)
8.1 Insufflator
8.2 Mouthpieces
9. Global Industrial Endoscope Equipment Market, By End Users, 2019-2032 (USD Million)
9.1 Ambulatory Settings
9.2 ENT clinics
9.3 Hospitals
10. Global Industrial Endoscope Equipment Market, By Product Type, 2019-2032 (USD Million)
10.1. Flexible Endoscopes
10.2. Hearing Screening Devices
10.3. Rigid Endoscopes
11. Global Industrial Endoscope Equipment Market, By Visualization System, 2019-2032 (USD Million)
11.1. Recorders
11.2. Processors
11.3. Video Converters
12. Global Industrial Endoscope Equipment Market, By Region, 2019-2032 (USD Million)
12.1 Global Industrial Endoscope Equipment Market Size and Market Share by Region (2019-2025)
12.2 Global Industrial Endoscope Equipment Market Size and Market Share by Region (2026-2032)
12.3 Asia pacific
12.3.1 Australia
12.3.2 China
12.3.3 India
12.3.4 Japan
12.3.5 South Korea
12.3.6 Rest of Asia-Pacific
12.4 Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5 Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United State
12.7 Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profiles
13.1. Aohua
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent development
13.2. Endochoice
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent development
13.3. Fujifilm
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent development
13.4 Hoya
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Johnson and Johnson
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6 Karl storz
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7 Olympus
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8 Richard wolf
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9 Stryker
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
