The US Endoscopy Device Market: Size & Forecast with Impact Analysis of COVID-19 (2021-2025)
The key players of the endoscopy device market are Johnson & Johnson, Stryker, Boston Scientific and CONMED are also profiled with their financial information and respective business strategies.
By: Daedal Research
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall endoscopy device market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Middle East and Africa
Johnson & Johnson
The US endoscopy device market can be segmented on the basis of products, endoscopes, endoscopy visualization components, endoscopy visualization systems and operating devices; and on the basis of endoscopes, such as flexible endoscopes, rigid endoscopes, disposable endoscopes, capsule endoscopes and robot assisted endoscopes.
The US endoscopy device market has increased significantly during the historical period and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The endoscopy device market is expected to increase due to aging population, growing gross national income, increasing prevalence of cancer cases, increasing healthcare spending worldwide, growing urbanization and increasing health consciousness among people. Yet, the market faces some challenges such as high cost of endoscopy procedure & equipment and unfavorable reimbursement policies in developing countries.
The COVID-19 pandemic had a mixed effect on the US endoscopy device market. It negatively affected the market in 1st and 2nd quarter but the market picked up in 3rd and 4th quarter. At the end of 2020, the pandemic had a slight negative impact on the market.
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