December 3, 2021 05:58 ET | Source: Research and Market Research and Market
Dublin, December 3, 2021 (Global News Agency)-ResearchAndMarkets.com added "U.S. Endoscope Equipment Market Size, 2022-2027 Forecast, Industry Trends, COVID-19 Impact, Opportunity Company Analysis" Report. The U.S. endoscopic device market is expected to reach US$27.9 billion by 2027. The market is expected to grow at a compound annual growth rate of 7.19% from 2021 to 2027
In recent years, the epidemic risk of endoscopes is relatively small, the image details are rich, and the operation is quick. Therefore, endoscopy has proven to be very useful in many medical fields in the United States. In addition, the market benefits from the preferential reimbursement policy for endoscopic surgery in the United States. With the increasing prominence of cancer, hospitals are also investing heavily in the purchase of new endoscopic equipment. In fact, American hospitals attach great importance to research activities to improve endoscopy technology and implement new funding models.
According to the application, American endoscopic equipment is developed around gastroenterology, otolaryngology, gynecology, neurology and urology. The increasing burden of gastrointestinal diseases, coupled with the growth of the elderly population, is driving the demand for gastrointestinal endoscopy. Gastrointestinal tumors are the second leading cause of cancer-related deaths in the United States. Therefore, the increase in endoscopic surgery for early diagnosis of gastrointestinal cancer is expected to provide considerable income opportunities in the market. The U.S. endoscopy equipment market is worth US$18.8 billion in 2021
By product, the U.S. endoscopic equipment market is divided into surgical equipment, endoscopic visualization components, endoscopic visualization systems, and endoscopes. According to this analysis, the endoscopic visualization component occupies a significant leading position in the US endoscopic equipment market. In addition, the main factor contributing to the growth of the endoscope visualization component market is technological change. For example, a camera with an optical zoom can perform magnification and calibration without affecting the image resolution. In-depth analysis of COVID-19 for the U.S. endoscopic equipment industry In the United States, the endoscopic equipment market has been negatively affected by the COVID-19 pandemic. According to our analysis, in the transition year of 2020, the average endoscopy procedures performed during the pre-COVID period declined. The main reason for the decline in endoscopy procedures is the rescheduling and delay of procedures for safety reasons during the COVID-19 pandemic. In addition, the delay occurred after a careful review of the patient's medical history. If feasible, U.S. healthcare providers will re-arrange endoscopy procedures to minimize the risk of exposure to COVID-19 during hospital visits. Hospitals are the main health system in the United States that supports endoscopic equipment
Although in terms of end users, the market includes hospitals and outpatient surgery centers/clinics. However, in the United States, it has been observed that hospitals have become the largest group of end users. Hospitals are the main health system in most countries. It is worth noting that the number of endoscopic surgeries performed in hospitals is relatively higher than in other health systems, such as specialist clinics or outpatient surgery centers (ASC). Therefore, the demand for endoscopic equipment in hospitals is relatively higher than in other end-use fields. Due to the above factors, the hospital is expected to maintain its dominant position. The changing competitive landscape in the U.S. endoscopic equipment market:
The competitive landscape of the industry is reviewed with the profiles of the main players: Boston Scientific, Medtronic Plc, Johnson & Johnson, Stryker, and CONMED. It is worth noting that the industry has undergone major changes in adopting market strategies, such as product development, mergers and acquisitions.
Report scope: Products: 1. Surgical instruments 2. Endoscope visualization components 3. Endoscope visualization systems 4. Endoscope products: 1. Rigid endoscopes 2. Robot assisted endoscopes 3. Disposable endoscopes 4. Capsule endoscope 5. Flexible endoscope applications: 1. Gastroenterology 2. Otorhinolaryngology 3. Gynecology 4. Neurology 5. Urology 6. Other applications End users: 1. Hospital 2. Outpatient surgery Center/Clinic 3. Other end-use company insights:
For more information about this report, please visit https://www.researchandmarkets.com/r/vg6q8i
About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and latest trends.