Endoscopy Devices Market Size is projected to reach USD 10.55 Billion by 2030, growing at a CAGR of 6.17%: Straits Research

New York, United States , July 07, 2022 (GLOBE NEWSWIRE) -- The growing adoption of a minimally invasive approach, new technology, and more comfortable and economic option are the factors propelling the demand for endoscopy devices . The minimally invasive technique, increasing burden of chronic diseases, technological advancements, and rising geriatric population are anticipated to expand the endoscopy devices market. Endoscopy devices are medical instruments used to detect, diagnose, and cure internal organs of the body. The system has a camera and light for easy visualization. Diseases like irritable bowel, Crohn's disease, ulcerative colitis, stomach ulcer, tumors, infections, blockage, hiatal hernia, gastroesophageal reflux disease (GERD), etc., can be diagnosed and treated using endoscopy. Philipp Bozzini developed the first endoscopy in 1806. Recently FDA-approved endoscopy devices are EndoFresh, Boston Scientific, Activ Surgical, and UroViu. Get a Free Sample Copy of This Report @  https://straitsresearch.com/report/endoscopy-devices-market/request-sample Minimal Invasive and Modern Technology to Increase Market Value of Endoscopy Devices The need for advanced and economic techniques evolves modern technologies and development in endoscopy devices leading to increased market value. The need for low dosages of painkillers, reduced cuts and stitches, minimal post-operative care, and reduced recovery time have surged the demand for endoscopy devices. Manufacturers and suppliers are investing in the innovation of medical technology by producing new products or modifying the existing products. Collaboration, acquisition, or merging of key companies are seen to provide advanced efficient technology, leading to a boost in market growth. The future of endoscopy devices is expected to evolve along with Artificial Intelligence (AI) and 3D imaging technology. Robotic assistance  is also under research to provide efficient and quality care to patients. In April, Medtronic PLC received FDA approval for the GI Genius which is based on AI for the detection of polyps or tumors during colonoscopy. According to research, North America is expected to contribute a major part of the endoscopy devices market. According to Ambus's Annual report, the revenue for single-use endoscopes surged from 17% to 69% from October 2020 to March 2021. Report Scope Report Metric Details Market Size USD  10.55 Billion by 2030 CAGR 6.17% (2022-2030) Historical Data 2019-2020 Base Year 2021 Forecast Period 2022-2030 Forecast Units USD Billion Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered Device, Application and Geography Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World Key Companies Profiled/Vendors Boston Scientific Corporation, Medtronic PLC, Olympus ... Full story available on Benzinga.com