Global Gastrointestinal Endoscopy Devices Market projected to reach USD 21,413.4 Million by 2033
From GlobeNewswire: 2024-12-10 11:30:00
The global Gastrointestinal Endoscopy Devices Market is projected to reach USD 21,413.4 Million by 2033, with a CAGR of 5.8% from 2024-2033. Key factors driving market growth include technological advancements, rising prevalence of gastrointestinal disorders, a shift towards minimally invasive procedures, an aging population, and expansion of healthcare infrastructure. Regulatory advancements and standards also play a role in market dynamics.
In 2022, Medtronic introduced GI Genius, an AI-powered endoscopy module in India to aid in the detection and treatment of colorectal cancer. FUJIFILM India also launched advanced tools like FushKnife and ClutchCutter to enhance gastrointestinal endoscopy capabilities. These innovations highlight the industry’s commitment to improving diagnostic capabilities and patient outcomes.
The report covers key details such as the market size in 2024 (USD 12,891.8 Million), projected market size in 2033 (USD 21,413.4 Million), market size in 2023 (USD 12,185.1 Million), a CAGR growth rate of 5.8%, and the forecast period from 2024-2033. It also includes information on key segments by product type, application, end user, and region, offering insights into revenue estimation, company profiles, competitive landscape, growth factors, and recent trends in the industry. The Gastrointestinal Endoscopy Devices market has been impacted by the COVID-19 pandemic. Elective procedures decreased, supply chains faced disruptions, but there was a gradual return to normalcy as procedures resumed. Technological innovation and a shift towards minimally invasive procedures have driven recovery, supported by healthcare infrastructure investments and regulatory adaptations. Safety measures and education initiatives have also played a key role in the market’s recovery. The COVID-19 pandemic has impacted the Gastrointestinal Endoscopy Devices Market, presenting challenges and opportunities. Key questions answered include market size, growth rate, driving factors, top companies, fastest-growing segments, and value chain players. Market offerings include market share, dynamics, segmentation, and competitive landscape. Regional analysis highlights trends in North America, Europe, Asia-Pacific, and LAMEA, emphasizing technological advancements, sustainable practices, market expansion, and healthcare accessibility improvements. Prominent players in the market include Olympus Corporation, Boston Scientific Corporation, and Medtronic plc. Spectacular deals offer comprehensive coverage, market tables, customization options, and discounts. Request a customized report for more information. 1. The stock market reached new highs today, with the S&P 500 closing at 4,238.04 and the Dow Jones Industrial Average at 34,633.53. Tech stocks led the rally, with Amazon and Google both posting strong gains.
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