Meticulous Research®, a leading global market research firm, has recently unveiled an extensive report titled "Endotherapy Devices Market by Type (Needles, Biopsy Forceps, Balloon Dilators, Hemostasis, Snares, Catheters, Sphincterotomes, Guide Wires, Stents, Retrieval Nets), Application (Upper GI Endoscopy, Colonoscopy, Cystoscopy)—Global Forecast to 2030." The publication projects that the global endotherapy devices market will reach $7 billion by 2030, growing at a CAGR of 7.4% from 2023 to 2030.
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Key Drivers of Market Growth:
• Increasing incidence of diseases requiring endoscopic procedures
• Rising prevalence of gastrointestinal conditions
• Growing preference for minimally invasive procedures
• Aging global population
• Continuous technological advancements in endotherapy devices
Market Challenges:
• High cost of endotherapy devices
• Risk of infections associated with certain devices
• Shortage of trained physicians
Major Players:
• Boston Scientific Corporation (U.S.)
• Olympus Corporation (Japan)
• Medtronic plc (U.S.)
• FUJIFILM Holdings Corporation (Japan)
• Cook Group Incorporated (U.S.)
• Conmed Corporation (U.S.)
• Hoya Corporation (Japan)
• Stryker Corporation (U.S.)
Market Segmentation:
• Type: Endotherapy needles, biopsy forceps, balloon dilators, etc.
• Application: Upper gastrointestinal (GI) endoscopy, colonoscopy, cystoscopy, etc.
• Geography: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Notable Insights:
• Upper GI endoscopy segment expected to hold the largest market share in 2023
• Stents segment anticipated to register the highest CAGR during the forecast period
• North America projected to account for the largest share of the market in 2023
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