Europe Endoscopes Market Size & Outlook, 2024-2030
The endoscopes market in Europe is expected to reach a projected revenue of US$ 7,993.1 million by 2030. A compound annual growth rate of 4.5% is expected of Europe endoscopes market from 2024 to 2030.
In terms of revenue, Europe region accounted for 24.5% of the global endoscopes market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Latin America is the fastest growing regional market and is projected to reach USD 904.5 million by 2030.
Ongoing technological advancements in endoscopy, increase in aging population, and rise in demand for minimally invasive procedures are factors driving the Europe endoscopes market. Favorable macroenvironment factors are driving key players to revise their market entry strategies through mergers & acquisitions and technological collaborations to expand their footprints.
For instance, in January 2021, Olympus Corporation entered into an agreement to acquire Quest Photonic Devices B.V. for EUR 50 million (USD 60.18 million). Quest Photonic Devices B.V., a company based in the Netherlands, offers Fluorescence Imaging Systems (FIS) for open and minimally invasive procedures.
Similarly, in January 2021, Karl Storz announced the launch of Image 1 S Rubina, which combines multimode fluorescence imaging with 4K resolution for endoscopy procedures. The toggling between white light and fluorescence modes allows surgeons to set the device as per surgical needs.
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 Endoscopes Market Outlook will help companies and investors design strategic landscapes.
Endoscopes was the largest segment with a revenue share of 104.45% in 2023.
Horizon Databook has segmented the Europe endoscopes market based on endoscopes covering the revenue growth of each sub-segment from 2018 to 2030.
Ongoing technological advancements in endoscopy, increase in aging population, and rise in demand for minimally invasive procedures are factors driving the Europe endoscopes market. Favorable macroenvironment factors are driving key players to revise their market entry strategies through mergers & acquisitions and technological collaborations to expand their footprints.
For instance, in January 2021, Olympus Corporation entered into an agreement to acquire Quest Photonic Devices B.V. for EUR 50 million (USD 60.18 million). Quest Photonic Devices B.V., a company based in the Netherlands, offers Fluorescence Imaging Systems (FIS) for open and minimally invasive procedures.
Similarly, in January 2021, Karl Storz announced the launch of Image 1 S Rubina, which combines multimode fluorescence imaging with 4K resolution for endoscopy procedures. The toggling between white light and fluorescence modes allows surgeons to set the device as per surgical needs.
Europe Endoscopes Market Product Outlook (Revenue, USD Million , 2018-2030)
Endoscopes
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Endoscopes Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Endoscopes Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.