Therapeutic endoscopy devices market to reach USD 4.84B in 2032

The global therapeutic endoscopy devices market size was USD 2.50 Billion in 2022 and is expected to register a revenue CAGR of 6.8% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of cancer, technological advancements in therapeutic endoscopy devices, growing favorable initiatives and product approvals by federal government, and rising demand for minimally invasive surgeries among people are some of the major factors driving the market revenue growth. In addition, rising product launches and investment in therapeutic endoscopic devices are contributing to revenue growth of the market.

Increasing prevalence of cancers and presence of better healthcare infrastructure in this region is also contributing to the market revenue growth. This is primarily attributable to increasing prevalence of cancer and presence of better healthcare infrastructure.

According to figures published in January by the American Cancer Society, around 1 million new cases of cancer and 609,360 cancer-related deaths occurred in the United States in 2022, also about 30,520 Americans (20,420 men and 10,100 women) died from primary liver cancer and intrahepatic bile duct cancer. Sub-Saharan Africa and Southeast Asia have much higher rates of liver cancer than the United States.

It is the most prevalent cancer type in many of these countries. Every year, more than 800,000 individuals globally are diagnosed with this cancer. Reduced cancer mortality can be made possible by investing in better early diagnosis and treatment as well as more focused cancer control initiatives.

Major companies and market share analysis
The global therapeutic endoscopy devices market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective therapeutic endoscopy devices solutions. Some major players included in the global therapeutic endoscopy devices market report are:

• Olympus Corporation
• Medtronic
• Cook
• FUJIFILM Holdings Corporation
• Boston Scientific Corporation
• KARL STORZ
• Stryker
• Richard Wolf GmbH.
• PENTAX Medical
• Smith+Nephew.

Emergen Research