Growing adoption of advanced endoscopy equipment that incorporate distal lens designs to provide a wider field of view is projected to boost the growth of United Kingdom endoscopy devices market in the forecast period, 2023-2027.
According to TechSci Research report, “United Kingdom Endoscopy Devices Market- By Region, Competition Forecast & Opportunities, 2027”, the United Kingdom Endoscopy Devices market is expected to witness growth at a significant rate in 2023-2027. Endoscopy refers to a minimally invasive medical procedure that aid in diagnosing, preventing, and treating the complications associated with visceral organs. Endoscopes are widely used to examine the interior hollow organs or cavities in the body. Endoscopy devices are well-equipped with numerous other parts, including camera or light source at the tip of endoscopes that aid physicians or medical professionals (endoscopists) evaluate the internal organs of interest.
The expanding number of cases of cancer and gastrointestinal ailments are some of the vital factors supporting the United Kingdom endoscopy devices market. Endoscopy devices are extensively utilized to investigate unusual symptoms such as dysphagia, diarrhea, weight loss, heartburn, and stool blood. Along with this, the growing pediatric population, who are more prone to targeted diseases, is driving the utilization of flexible endoscopes for diagnosis and treatment. The launch of capsule or robot-assisted endoscopy devices with ultra-high-definition (UHD) visualization systems by the prominent manufacturers plays significant role in market growth. Several market players are also offering easy-to-handle light sources and state-of-the-art video equipment to augment the usage of endoscopy devices in microsurgical techniques, is further supporting the market growth. Additionally, the elevating elderly population prone to numerous medical conditions including liver abscess, intestinal perforation, pelvic abscess, gall stones, and endometriosis that need endoscopic procedures is anticipated to boost the market growth.
However, lack of trained physicians & expert endoscopists along with the risk of infections caused by few endoscopes may impede the growth of the market for United Kingdom Endoscopy Devices market in the forthcoming years.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on “UNITED KINGDOM ENDOSCOPY DEVICES MARKET“
The United Kingdom Endoscopy Devices market is segmented into type, application, end user, regional distribution, and competitive landscape.
Based on type, the market is divided into rigid endoscopes, flexible endoscopes, capsule endoscopy, disposable endoscopes, and others. Rigid endoscopy is witnessed to hold the largest share market in the forecast period, 2023-2027.
Based on application, the market is segmented into gastrointestinal endoscopy, laparoscopy, bronchoscopy, obstetrics/gynecology endoscopy, and others. Laparoscopy segment is projected to witness a significant growth rate during the forecast period, 2023-2027. Increase in utilization of laparoscopy devices routinely in diagnosis and in therapeutic procedures of several diseases including prostatectomy, pancreatic cancer, and gastrointestinal disorders is propelling the market growth. Additionally, the rise in number of cases of morbid obesity at global level is also driving the endoscopy devices market growth.
Based on end user, the market is segmented into hospitals & clinics, diagnostic centers, and others. Hospitals segment holds the greatest market share in the forecast period, 2023-2027. The high number of endoscopic surgeries takes place at hospitals is comparatively higher than other healthcare systems, such as specialty clinics or Ambulatory Surgical Centers (ASCs). This segment anticipated to maintain its dominance in the forthcoming years on account of the elevating investment from governments of various regions for the development of hospitals.
Key market players leading in the United Kingdom Endoscopy Devices market are:
- Boston Scientific Limited
- Fujifilm UK Limited
- Olympus UK Limited
- Stryker (UK) Limited
- Johnson & Johnson Limited
- Smith & Nephew Plc
- Medtronic UK
- Nipro Medical UK Limited
- B.Braun Medical Limited
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“The increasing investments and grants by government authorities across United Kingdom for enhancing healthcare facilities and research and development in medical devices sector are propelling the growth of the endoscopy devices market. Furthermore, the presence of favourable reimbursement policies across the United Kingdom regions is impelling the growth of the overall market. Continuous technological advancements have paved way miniaturized and disposable endoscopes. The growing collaborations and partnerships between hospitals and endoscopy devices manufacturers stimulates the market towards growth. The evolving healthcare industry and the introduction of disposable endoscopy device is one of the technological upgradations launched in endoscopy devices also fostering the market growth. Surgeons and practitioners are augmenting the usage of disposable endoscope devices, and their added advantage of zero chances of cross-contamination is further driving the market growth. Besides hospitals and clinics, these devices are also increasingly utilized across diagnostic laboratories and academic and research centers. is anticipated to boost the United Kingdom Endoscopy Devices market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm”.
“United Kingdom Endoscopy Devices Market By Type (Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopy, Disposable Endoscopes, Others), By Application (Gastrointestinal Endoscopy, Laparoscopy, Bronchoscopy, Obstetrics/Gynecology Endoscopy, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential of United Kingdom Endoscopy Devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and assist decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with significant drivers, challenges, and opportunities in United Kingdom Endoscopy Devices market.
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