U.S. Gastrointestinal Endoscopic Devices Market Size & Outlook
U.S. gastrointestinal endoscopic devices market, 2015-2027 (US$M)
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U.S. gastrointestinal endoscopic devices market highlights
- The U.S. gastrointestinal endoscopic devices market generated a revenue of USD 8,104.6 million in 2020 and is expected to reach USD 12,098.8 million by 2027.
- The U.S. market is expected to grow at a CAGR of 5.9% 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.
Gastrointestinal endoscopic devices market data book summary
| Market revenue in 2020 | USD 8,104.6 million |
| Market revenue in 2027 | USD 12,098.8 million |
| Growth rate | 5.9% (CAGR from 2020 to 2027) |
| Largest segment | Endoscopy visualization systems market |
| Fastest growing segment | Endoscopes Market |
| Historical data | 2015 - 2019 |
| Base year | 2020 |
| Forecast period | 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, U.S. accounted for 41.9% of the global gastrointestinal endoscopic devices market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. gastrointestinal endoscopic devices market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 805.2 million by 2027.
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Gastrointestinal Endoscopic Devices Market Scope
Gastrointestinal Endoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 41.26% in 2020. Horizon Databook has segmented the U.S. 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.
The U.S. gastrointestinal endoscopy devices market is majorly driven by rise in the prevalence of cancer, growth in geriatric population susceptible to chronic illnesses requiring endoscopic procedures, and increase in significance of timely disease diagnosis & early interventions.
According to American Cancer Society, colorectal cancer is the third most diagnosed and one of the leading causes of cancer deaths in the U.S. Presence of advanced healthcare infrastructure, high investments by hospitals promoting the use of novel endoscopy equipment, increased awareness among patients & healthcare.
However, increase in the incidence of infections caused by endoscopes is a key factor restraining market growth in the country. The most common infections are reported in ERCP procedures, where carbapenem-resistant are found on traditional duo endoscopes, as they are not completely removed during conventional sterilization & cleaning procedures.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. gastrointestinal endoscopic devices market, including forecasts for subscribers. This country databook contains high-level insights into U.S. gastrointestinal endoscopic devices market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. gastrointestinal endoscopic devices market size, by product, 2015-2027 (US$M)
U.S. Gastrointestinal Endoscopic Devices Market Share, 2020 & 2027 (US$M)
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