The global endoscopy equipment market size was valued at USD 32,328.2 million in 2022 and is projected to grow at a 7.5% CAGR during the forecast period 2023 to 2029. The growing number of hospitals along with increased hospital investments in minimally invasive surgery devices including endoscopy equipment is fueling market growth. In addition, growing collaborations and partnerships between hospitals and endoscopic equipment makers are benefiting the global industry. Aside from hospitals and clinics, these devices are increasingly being employed in diagnostic laboratories, as well as academic and research institutions. The increasing frequency of disorders necessitating endoscopic operations has an unavoidable positive influence on the global endoscopy equipment market.

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The global endoscopy equipment market segmentation:
1) By Product: Endoscopy Equipment, Accessories.
2) By Application: Upper Gastrointestinal Endoscopy, Enteroscopy, Laparoscopy, Colonoscopy, Ureteroscopy, Bronchoscopy, Others.
3) By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers.

Government expenditures and subsidies for enhancing healthcare facilities and medical device research and development are providing a boost to the global endoscopy equipment market. Furthermore, the availability of advantageous reimbursement policies in various countries throughout the world is fueling the overall market's rise. Rapid technological improvements are expected to propel the global endoscopy equipment market ahead. Technological advancements have opened the path for smaller and disposable endoscopes. Furthermore, expanding healthcare infrastructure in emerging markets, as well as an increasing number of free-trade agreements are expected to provide enormous potential prospects for the endoscopic equipment market.

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North America Leads Endoscopy Equipment Market
North America is expected to hold significant market share in the global Endoscopy Equipment Market and is projected to grow at a prominent growth rate over the forecast years owing to increased prominence of cancer, high investments by hospitals to purchase new endoscopic equipment, strong focus on research activities to improve endoscopy techniques, as well as the implementation of a new funding model by Canadian hospitals. Furthermore, In Asia Pacific, the market for endoscopy devices is expected to witness the fastest growth rate over the forecast years owing to the large population and an increasing number of functional gastrointestinal disorder patients. In addition, growing demand for the minimally invasive endoscopic procedure and improving healthcare infrastructure are also anticipated to accelerate the region's growth in the market.

The global endoscopy equipment market key players are HOYA Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, CONMED Corporation, Medtronic Plc, Karl Storz GmbH & Co. KG, Smith & Nephew, Plc, Johnson & Johnson, Medrobotics Corporation.

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