Endotherapy Devices Market to Achieve $7 Billion by 2030

Posted July 10, 2024 by Pratiksha

The latest research from Meticulous Research® reveals that the global endotherapy devices market is on track to achieve $7 billion by 2030.
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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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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Categories Business , Health , Medical
Last Updated July 10, 2024