Endoscopy equipment market to reach USD 40.6B by 2027

The global endoscopy equipment market is projected to reach USD 40.6 billion by 2027 from USD 28.9 billion in 2022, at a CAGR of 7.0%. Endoscopy procedures are minimally invasive procedures wherein endoscopy instruments and supplies are used to examine a patient’s internal organ or tissue in detail. While conducting endoscopy, various tools and equipment, such as procedure-specific scopes, anesthetic equipment, video monitors, light sources, imaging devices, monitoring equipment, endoscope cabinets, video processors, insufflators, endoscopy cart, are used to ensure a safe procedure. Endoscopy equipment are primarily used by gastroenterologist, cardiologist, nephrologist, neurologist, hepatologist, and gynecologist.

North America to dominate the endoscopy equipment market during the forecast period
The endoscopes market in North America dominated the market in the forecast period. The largest share of North America in the global market is attributed to the favorable reimbursement policies for endoscopic procedures in the US, increased prominence of cancer, high investments by hospitals to purchase new endoscopic equipment, strong focus on research activities to improve endoscopy techniques, as well as the implementation of a new funding model by Canadian hospitals. MarketsandMarkets™