The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s endotherapy devices market report forecasts the endotherapy devices market size to grow to $5.74 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Endotherapy Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/endotherapy-devices-global-market-report

Endotherapy Devices Market Size Forecast
The global endotherapy devices market is expected to grow from $4.22 billion in 2022 to $4.48 billion in 2023 at a compound annual growth rate (CAGR) of 5.97%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global endotherapy devices market size is expected to reach $5.74 billion in 2027 at a CAGR of 6.41%.

North America held the largest endotherapy devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Endotherapy Devices Market Driver ­– Rise In The Incidence Of Gastrointestinal Diseases
Diverticular illness, for example, is quite common, affecting 10% of people over the age of 40 and 50% of people over the age of 60 in Western societies, according to a January 2021 article published by Cleveland Clinic, a US-based non-profit academic medical centre, whereas colorectal cancer, the second most common type of cancer in the United States, is diagnosed in 130,000 Americans each year. As a result, the rising prevalence of gastrointestinal illnesses is propelling the endotherapy devices market forward.

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Key Endotherapy Devices Market Trend – Technological Advancement
Major players in the endotherapy devices market are focusing on product innovation to boost observation power and maintain their market position. For example, FUJIFILM Healthcare Americas Corporation, a prominent provider of endoscopic imaging and endosurgical technologies based in the United States, announced the El-740D/S dual-channel endoscope for gastrointestinal applications in October 2021. The EI-740D/S has dual channel widths of 3.7mm and 3.2mm, as well as unique features such as Linked Colour Imaging (LCI®) and Blue Light Imaging (BLI) light mode options for improved detection and characterization of lesions and adenomas, providing high imaging quality without sacrificing control and reducing physician fatigue. Furthermore, the distal end of the endoscope is intended for easy insertion and device visualisation, while its 210° upward angulation and short bending component give precision manoeuvrability, allowing observation and treatment of places that are otherwise difficult to approach.

Endotherapy Devices Market Segment
1) By Product: Gastrointestinal Devices and Accessories, Endoscopic Retrograde Cholangio Pancreatography Devices And Accessories, Other Endotheraphy Devices
2) By Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuro-Endoscopy, Gastrointestinal Endoscopy, Other Applications
3) By End-Use: Hospital, Ambulatory Surgical Centers, Other End-Users

Endotherapy Devices Market Major Players and Strategies
Major players in the endotherapy devices market are Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Medtronic Plc, Fujifilm Holdings Corporation, Johnson & Johnson, Cook Group Incorporated, Karl Storz SE & Co. KG, Hoya Corporation, Stryker Corporation, Siemens Healthcare, Taewoong Medical Co. Ltd, Smith & Nephew Plc., Steris Corporation, Cosmed Corporation and Micro-Tech (Nanjing) Co Ltd.

Olympus Corporation, a Japanese provider of optical and reprography devices, acquired Medi-Tate for an unknown sum in May 2021. Olympus Corporation hopes to extend its business line by offering in-office therapy such as hyperplasia (BPH) treatment, as well as increase its position in the field of urological equipment, through this acquisition. Medi-Tate is a medical device manufacturing company established in Iseral that produces gastroenterological endotherapy devices, urological devices, and respiratory endotherapy devices.

The Endotherapy Devices Global Market Report 2023 covers regional data on endotherapy devices market size, endotherapy devices market trends and drivers, opportunities, strategies, and endotherapy devices market competitor analysis. The countries covered in the endotherapy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Endotherapy devices are medical equipment used in endoscopic procedures for the diagnosis, treatment, and management of gastrointestinal, colonoscopy, laparoscopy, anoscopy, arthroscopy, bronchoscopy, and other disorders. These gadgets are intended to be used in conjunction with an endoscope, a flexible tube with a light and camera attached that allows physicians to examine the inside of internal organs for better inspection.

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