Dublin, Aug. 08, 2023 (GLOBE NEWSWIRE) -- The "Gastrointestinal Videoscopes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Gastrointestinal Videoscopes is poised for significant growth, with sales projected to reach $9.4 billion by 2030, growing at a CAGR of 8.5% over the analysis period from 2022 to 2030. The post-COVID-19 landscape has spurred demand for these advanced medical devices, and the market is estimated to have been valued at $4.9 billion in 2022. Hospitals and clinics are expected to drive this growth, with hospitals projected to achieve a CAGR of 9.1%, while the clinics segment is anticipated to grow at a revised 8.1% CAGR over the next eight years.
Key Market Trends
- Growth in Post-COVID-19 Era: The market is witnessing robust growth in the post-COVID-19 era as healthcare facilities worldwide embrace advanced gastrointestinal videoscopes to improve diagnostics and patient care.
- Increasing Demand in Hospitals: Hospitals are the primary adopters of gastrointestinal videoscopes, with significant investments in advanced medical equipment driving the segment's growth.
- China's Rapid Expansion: China, as the world's second-largest economy, is experiencing substantial growth in the gastrointestinal videoscopes market, with a forecasted CAGR of 13.4% to reach a market size of $2.2 billion by 2030.
- Market Growth in Other Regions: Japan, Canada, and Germany are also expected to witness notable growth, with projected CAGRs of 5%, 6.9%, and 6.1% respectively.
Competitive Landscape
The market features prominent players like Boston Scientific Corporation, Conmed Corporation, Covidien Ltd., Fujinon Ltd, Johnson & Johnson Ltd., and Stryker Corporation, among others, competing to gain market share.
What's New for 2023?
The analysis includes special coverage on the Russia-Ukraine war, global inflation, easing of China's zero-COVID policy, and its 'bumpy' reopening, supply chain disruptions, global trade tensions, and the risk of recession. It also provides insights into the competitive landscape, market presence across various geographies, online interactive peer-to-peer collaborative bespoke updates, access to digital archives, and a research platform. Complimentary updates for one year ensure the latest market insights are available to stakeholders.
Conclusion
The global gastrointestinal videoscopes market is set to achieve substantial growth, driven by advancements in medical technology and increased demand in the post-COVID-19 era. Hospitals and clinics play a pivotal role in the market's expansion, with China emerging as a significant growth driver. Market players are expected to intensify their competitive strategies to capitalize on the emerging opportunities and gain a strong foothold in this rapidly growing sector.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $4.9 Billion |
| Forecasted Market Value (USD) by 2030 | $9.4 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Gastrointestinal Videoscopes - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes:
- Boston Scientific Corporation
- Conmed Corporation
- Covidien Ltd.
- Fujinon Ltd.
- Johnson & Johnson Ltd.
- Stryker Corporation
For more information about this report visit https://www.researchandmarkets.com/r/lo0x29
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