The Rigid Endoscope Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Rigid Endoscope Global Market Report 2024, The rigid endoscope market size has grown strongly in recent years. It will grow from $4.6 billion in 2023 to $5.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to global civil unrest, urbanization and population density, political instability, risk of public disorder at large events, military and law enforcement modernization..
The rigid endoscope market size is expected to see strong growth in the next few years. It will grow to $6.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to terrorism and asymmetric threats, pandemic-related unrest, public events and mass gatherings, national security concerns, public awareness and advocacy.. Major trends in the forecast period include non-lethal technologies, integrated communication systems, enhanced riot control vehicles, crowd monitoring and analysis, less-lethal projectiles and ammunition, training simulators and virtual reality..
The increasing prevalence of cancer and gastrointestinal disorders is expected to propel the growth of the rigid endoscope market going forward. Cancer refers to the abnormal growth of the cells that leads to dysfunction of organs and tissue, whereas Gastrointestinal disorders are disorders of the digestive system. Rigid endoscopes are used for diagnosing and treating cancer and gastrointestinal disorders, allowing clinicians to see into the patient's body, biopsy, and do minimally invasive operations that can lead to earlier diagnosis and effective treatment. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer cases increased from 1,898,160 in 2021 to 1,958,310 in 2023, reflecting a growth of 3.16%. , Furthermore, in March 2021, according to International Agency for Research on Cancer, globally, gastrointestinal cancers (GI) account for one in every four cancer cases and one in every three cancer deaths. Therefore, the increasing prevalence of cancer and gastrointestinal disorders drives the growth of the rigid endoscope market.
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The rigid endoscope market covered in this report is segmented –
1) By Types: Laparoscope, Arthroscope, Gynecological Endoscope, ENT endoscopy, Urology endoscopy, Neurology endoscopy, Other Types
2) By Hygiene: Single-use, Reprocessing, Sterilization
3) By Applications: Hospital and Clinic, Ambulatory Surgical Centre (ASC), Other Applications
Top Major Players
Stryker Corporation
Karl Storz SE & Co. KG
Richard Wolf GmbH
Olympus Corporation
Medtronic PLC
Product innovations have emerged as a key trend gaining popularity in the rigid endoscope market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in November 2022, Integrated Endoscopy, a US-based medical device company, introduced Gen II NUVIS, a single-use ridged endoscope, 4K, battery-operated cordless arthroscopy for arthroscopic surgical procedures. The Gen II NUVIS has a patent-pending streamlined optical train design that decreases the number of optical elements by more than 60% while increasing image quality to 4K. The image quality is greater, but the Gen II NUVIS will also be significantly faster and less expensive to build, as well as access to high-volume automation. Additionally, a built-in battery-powered LED replaces the lightbox and hefty light cord.
The rigid endoscope market report table of contents includes:
1. Executive Summary
2. Rigid Endoscope Market Characteristics
3. Rigid Endoscope Market Trends And Strategies
4. Rigid Endoscope Market - Macro Economic Scenario
5. Global Rigid Endoscope Market Size and Growth
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31. Global Rigid Endoscope Market Competitive Benchmarking
32. Global Rigid Endoscope Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Rigid Endoscope Market
34. Rigid Endoscope Market Future Outlook and Potential Analysis
35. Appendix
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