Spain Endoscopy Devices Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Spain Endoscopy Devices Market is segmented by Type of Device (Endoscopes, Endoscopic Operative Device, and Visualization Equipment, Others), Application, and Geography.

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Spain Endoscopy Devices Market Size

CAGR
Study Period 2018 - 2028
Base Year For Estimation 2021
Forecast Data Period 2023 - 2028
Market Size (2023) USD 0.86 Billion
Market Size (2028) USD 1.10 Billion
CAGR (2023 - 2028) 5.13 %

Major Players

Spain Endoscopy Devices Market

*Disclaimer: Major Players sorted in no particular order
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Spain Endoscopy Devices Market Analysis

The Spain Endoscopy Devices Market size is estimated at USD 0.86 billion in 2023, and is expected to reach USD 1.10 billion by 2028, growing at a CAGR of 5.13% during the forecast period (2023-2028).

Endoscopy allows both operations on more fragile patients, notably the elderly, and the treatment of more complex diseases, such as cancer. Other benefits of endoscopy include reduced post-operative pain and risks of complications, rapid healing, lighter anesthesia, and a shorter period of hospital stay. Surgery, interventional radiology, and advanced endoscopy have all developed minimally-invasive techniques to effectively treat a variety of diseases, in order to bring about a positive impact on patients' postoperative outcomes. The growing preference for minimally-invasive surgeries, increasing adoption of endoscopes for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors that are leading to the growth of the market. However, the lack of skilled technicians and infections caused by few endoscopes are hindering the market growth.

Spain Endoscopy Devices Market Trends

This section covers the major market trends shaping the Spain Endoscopy Devices Market according to our research experts:

Endoscopy Visualization Systems Segment is Expected to Witness Rapid Growth in the Market Studied

Based on the product, the global market is segmented into endoscopes, visualization equipment, endoscopic operative devices, others. Endoscopy visualization systems are estimated to grow at the highest CAGR during the forecast period. The growth rate of this segment can be primarily attributed to the rising adoption of minimally invasive procedures, increasing technological advancements, and improving healthcare infrastructure in the region. The increasing preference for HD visualization systems by medical professionals is due to assistance that they provide in the diagnosis and treatment of complex diseases such as cancer, gastrointestinal disorders, cardiovascular disorders, urinary disorders, and during minimally invasive surgical procedures. Therefore, the rising geriatric population, increasing the patient pool is boosting the segment growth.

According to the Institute for Health Metrics and Evaluation, 2017, the topmost causes of death in Spain are ischemic heart disease, stroke, COPD, lung cancer. In an article published by Héctor Bueno, Beatriz Pérez-Gómez in the journal Circulation, 2019 edition, they stated that cardiovascluar disease is the number one cause of death in Spain leading to 120,000 deaths every year. Thus, owing to the rising prevalence of cardiac diseases and benefits associated with endoscopy, the segment is expected to grow over the forecast period.

cardiovascular disease

Spain Endoscopy Devices Industry Overview

The Spain Endoscopy Devices Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players are Boston Scientific Corporation, Medtronic PLC, Johnson and Johnson, Olympus Corporation, Cook Group Incorporated, Conmed Corporation.

Spain Endoscopy Devices Market Leaders

  1. Boston Scientific Corporation

  2. Medtronic PLC

  3. Johnson and Johnson

  4. Olympus Corporation

  5. Cook Group Incorporated

*Disclaimer: Major Players sorted in no particular order

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Spain Endoscopy Devices Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Adoption of Endoscopy for Treatment and Diagnosis

      2. 4.2.2 Growing Preference for Minimally-invasive Surgeries

      3. 4.2.3 Technological Advancements Leading to Enhanced Applications

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Technicians

      2. 4.3.2 Infections Caused by Few Endoscopes

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Device

      1. 5.1.1 Endoscopes

      2. 5.1.2 Endoscopic Operative Device

      3. 5.1.3 Visualization Equipment

    2. 5.2 By Application

      1. 5.2.1 Gastroenterology

      2. 5.2.2 Pulmonology

      3. 5.2.3 Orthopedic Surgery

      4. 5.2.4 Cardiology

      5. 5.2.5 ENT Surgery

      6. 5.2.6 Gynecology

      7. 5.2.7 Neurology

      8. 5.2.8 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boston Scientific Corporation

      2. 6.1.2 Johnson and Johnson

      3. 6.1.3 KARL STORZ

      4. 6.1.4 PENTAX Medical

      5. 6.1.5 Fujifilm Holdings Corporation

      6. 6.1.6 Richard Wolf GmbH

      7. 6.1.7 Cook Medical

    2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Spain Endoscopy Devices Industry Segmentation

Endoscopes are minimally-invasive devices and can be inserted into natural openings of the body, to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. The endoscopy devices market has been segmented on the basis of the type of device, application, and geography.

By Type of Device
Endoscopes
Endoscopic Operative Device
Visualization Equipment
By Application
Gastroenterology
Pulmonology
Orthopedic Surgery
Cardiology
ENT Surgery
Gynecology
Neurology
Others
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Spain Endoscopy Devices Market Research FAQs

The Spain Endoscopy Devices Market size is expected to reach USD 0.86 billion in 2023 and grow at a CAGR of 5.13% to reach USD 1.10 billion by 2028.

In 2023, the Spain Endoscopy Devices Market size is expected to reach USD 0.86 billion.

Boston Scientific Corporation, Medtronic PLC, Johnson and Johnson, Olympus Corporation and Cook Group Incorporated are the major companies operating in the Spain Endoscopy Devices Market.

Spain Endoscopy Devices Industry Report

Statistics for the 2023 Spain Endoscopy Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Endoscopy Devices analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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