The global Endoscope market is expected to grow at a CAGR of 7.8% during the forecast period with its market size valued at USD 23.6 billion in 2020. Globally, Endoscope industry players are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.

Based on end user, the global endoscope market is segmented into hospitals, specialty clinics, diagnostic centers and others. Amongst these segments, hospitals are anticipated to generate largest revenue by 2027 as hospitals are the primary premises to avail primary health services to the citizens. Furthermore, the number of surgeries being undertaken is greater in hospitals as there is increasing demand for endoscopes in hospitals that is significantly contributing towards the growth of the global endoscope market.

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Geographically, North America has accounted for the largest share in Endoscope market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the increasing existence of target diseases along with increasing elderly population in the region and excessive demand for minimally invasive therapies. Additionally, increasing adoption of technologically advanced products such as endoscopes comprising of robot-assisted for surgical techniques and diagnostic is further bolstering the growth of global endoscope market.

Some of the key players operating in the global Endoscope market are Olympus Corporation, Smith & Nephew PLC., Fujifilm Holdings Corp., Karl Storz GmbH & Co. KG, Medtronic plc, Pentax Medical Company (Hoya Corporation), Fibertech Incorporation, Stryker Corporation, Cantel Medical Corp., B. Braun Melsungen AG, Maxer Endoscopy GmbH, GI Supply Inc., and SMART Medical Systems Ltd.

Source: VynZ Research