Endoscopy Equipment Market Growth by Different Region 2022

There are a wide variety of endoscopy equipments that professionals need to perform successful procedures – from arthroscopic surgeries and laparoscopic procedures to colonoscopies and many others. These devices enable doctors and technicians to take tissue samples from the body, and to perform certain endoscopic procedures.

Endoscopy Equipment Market by Product (Endoscope (Flexible, Rigid, Capsule) Visualization Systems, Endoscopic Ultrasound, Insufflator)), Application (GI Endoscopy, Laparoscopy, Cystoscopy, Bronchoscopy, Colonoscopy, Arthroscopy) - Global Forecast to 2022

Geographic segments in this report include North America, Europe, Asia Pacific, and RoW.

Of these, the North American segment is expected to account for the largest share of the market in 2017. The large share of this region can primarily be attributed to the favorable reimbursement scenario in the US, rising incidence of cancer, increasing investments by hospitals to purchase new endoscopic equipment, increasing research activities to improve endoscopy, and the implementation of a new funding model for Canadian hospitals.

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The global endoscopy equipment market was valued at $24.32 Billion in 2016 and is projected to reach $34.82 Billion by 2022, at a CAGR of 6.4% during the forecast period.

The major players in this market include Olympus (Japan), KARL STORZ (Germany), Stryker (US), Boston Scientific (US), Ethicon (US), Fujifilm (Japan), Medtronic (Ireland), Hoya (Japan), CONMED (US), Richard Wolf GmbH (Germany), Smith & Nephew (UK), Cook Medical (US), Cogentix Medical (US), and B. Braun (Germany).