Europe Gastrointestinal Endoscopic Devices Market Size & Outlook
Europe gastrointestinal endoscopic devices market, 2015-2027 (US$M)
Related Markets
Europe gastrointestinal endoscopic devices market highlights
- The Europe gastrointestinal endoscopic devices market generated a revenue of USD 5,057.0 million in 2020.
- The market is expected to grow at a CAGR of 6.7% from 2021 to 2027.
- In terms of segment, endoscopy visualization systems market was the largest revenue generating product in 2020.
- Endoscopes Market is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2021 to 2027.
Europe data book summary
| Market revenue in 2020 | USD 5,057.0 million |
| Market revenue in 2027 | USD 7,940.6 million |
| Growth rate | 6.7% (CAGR from 2020 to 2027) |
| Largest segment | Endoscopy visualization systems market |
| Fastest growing segment | Endoscopes Market |
| Historical data covered | 2015 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Endoscopes Market, Endoscopy Visualization Systems Market, Endoscopy Visualization Components Market, Operative Devices Market |
| Key market players worldwide | Stryker Corp, Boston Scientific Corp, Johnson & Johnson, FUJIFILM Holdings Corp, Conmed Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.1% of the global gastrointestinal endoscopic devices market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,293.0 million by 2027.
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Gastrointestinal Endoscopic Devices Market Scope
Gastrointestinal Endoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe gastrointestinal endoscopic devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gastrointestinal endoscopic devices market will help companies and investors design strategic landscapes.
Endoscopy visualization systems market was the largest segment with a revenue share of 41.14% in 2020. Horizon Databook has segmented the Europe gastrointestinal endoscopic devices market based on endoscopes market, endoscopy visualization systems market, endoscopy visualization components market, operative devices market covering the revenue growth of each sub-segment from 2015 to 2027.
Constant technological advancements in endoscopy, increase in elderly population, and rise in the demand for minimally invasive procedures are among the factors propelling the market growth in the region. In May 2018, GI Supply, Inc. received CE Mark approval for marketing its product, Spot Ex Endoscopic Tattoo, in Europe.
It is used for endoscopic marking of suspicious lesions and cancerous tissues so that they are easily identified during follow-up colonoscopy procedure. In addition, it is the only endoscopic tattoo device to have long-term clinical surveillance indication, prompting gastroenterologists to set new ESGE guidelines for its acceptance and use.
Moreover, government guidelines regarding use of endoscopy procedures help promote the market growth. In June 2019, ESGE, along with United European Gastroenterology (UEG), developed performance measures for small-bowel endoscopy to provide improved endoscopy services in Europe.
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Target buyers of Europe gastrointestinal endoscopic devices market databook
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Our clientele includes a mix of gastrointestinal endoscopic devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe gastrointestinal endoscopic devices market, including forecasts for subscribers. This continent databook contains high-level insights into Europe gastrointestinal endoscopic devices market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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Europe gastrointestinal endoscopic devices market size, by country, 2015-2027 (US$M)
Europe Gastrointestinal Endoscopic Devices Market Share, 2020 & 2027 (US$M)
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