North America Endoscopy Procedure Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Endoscopy is a minimally invasive procedure used to examine a person's digestive tract through the mouth, anus, or in small incisions. The procedure uses an endoscope, a flexible tube with a light and camera attached. Most endoscopes are thin tubes with powerful light and a tiny camera at the end. Endoscopy helps in diagnosing the body parts such as the esophagus, stomach, colon, ears, nose, throat, heart, urinary tract, and abdomen.

MARKET SCOPE

The "North America Endoscopy Procedure Market Analysis to 2031" is a specialized and in-depth examination of the healthcare industry, with a particular emphasis on regional market trend analysis. The purpose of this report is to provide an overview of the North America endoscopy procedure market, as well as detailed market segmentation based on procedures, offering, product type, and end user. Additionally, the report offers key statistics on the market status of the leading North America endoscopy procedure market players, as well as key market trends and opportunities.

MARKET SEGMENTATION

• Based on procedures, the market is segmented into endoscopic retrograde cholangiopancreatography (ERCP), endoscopic submucosal dissection (ESD), peroral endoscopic myotomy (POEM), endoscopic ultrasound (EUS), interventional pulmonology and laparoscopy, arthroscopy and bronchoscopy, colonoscopy and colposcopy, proctoscopy and thoracoscopy, and others.
• Based on offering, the market is segmented into endoscopes, ERCP accessories, head positioner and endotherapy injection needles, sampling device and device clip and electrosurgical knife, endoscopic ultrasound (EUS) guided devices, guidewire, forceps, snare, irrigation/insufflation tubing systems, probes, hemostasis clip, polyp traps, single-use valves, trocar sleeves and tissue scissors and cutters, and others (kits/stents/energy devices/ transport pad/cleaning brush/OT lights etc.)
• Based on product type, the market is bifurcated into disposable and reusable.
• Based on end user, the market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic laboratories, and others.

MARKET DYNAMICS

Drivers

• Growing prevalence of chronic diseases in Canda is boosting the market growth.
• Increasing demand for minimally invasive procedures will fuel the market growth.

Restraint

• High cost of endoscopy procedures hinders the growth of overall market.

REGIONAL FRAMEWORK

The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a regional market overview and forecast based on various segments. It also provides market size and forecast estimates for North America, from 2022 to 2031. The report analyses and forecasts US, Canada, and Mexico as well as the current trend and opportunities in the region.

The report analyses market factors affecting both the demand and supply sides and market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for North America after assessing the political, economic, social, and technological factors influencing the North America endoscopy procedure market in the region.

Impact of COVID-19 on North America Endoscopy Procedure Market

In the United States, many clinics, hospitals, and other healthcare facilities are delaying or canceling gastric cancer procedures, surgeries, and sometimes screenings or other treatments if it was not considered urgent, emergency, or otherwise indicated for life-threatening conditions. Gastric cancer patients were requested to social distance as they were more prone to contracting coronavirus due to weak immune systems. More research was being conducted on COVID-19 diagnosis than any other disease diagnosis. The COVID-19 pandemic has profoundly impacted the endoscopy department, characterized by a consistent reduction of upper and lower GI procedures and a more modest reduction of ERCPs. Cancellation of elective and emergent endoscopy in IBD care during the pandemic was common. Endoscopic procedures were mostly carried out in emergencies, but therapeutic procedures were associated with fewer complications and higher success rates. The shortage of medical staff during the COVID-19 pandemic also led to adoption of single-use devices due to increased infection risks associated with cleaning endoscopes. With COVID-19's gradual departure, demand for single-use endoscopes had increased due to their safety and the elimination of infection risks.

MARKET PLAYERS

The report covers key developments in the North America endoscopy procedure market with focus on two  main strategies such as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies that includes new product launches, product approvals by the authorized bodies, and others such as patents and events. Inorganic growth strategies activities normally  includes strategic acquisitions, and partnership & collaborations between the companies. These activities have paved way for the expansion of business and customer base of market players. The market payers from North America endoscopy procedure market are anticipated to have lucrative growth opportunities with the rising demand for minimally invasive diagnostic and treatment procedures in North America.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the North America endoscopy procedure market. Also, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, and the key development in the past five years.

• Steris Corporation
• CONMED Corporation
• Olympus Corporation
• Boston Scientific Corporation
• Fujifilm Corporation
• Erbe Elektromedizin Gmbh
• Micro-tech (Nanjing) Co., Ltd
• Merit Medical
• Cook Medical
• Stryker Corporation
• Johnson & Johnson Inc

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

North America Endoscopy Procedure Report Scope