Pediatric Endoscopy Devices and Equipment Market size is anticipated to grow at substantial growth rate during the forecast period i.e., between 2024-2036.
Increasing demand for pediatric endoscopy, along with the growing investment in endoscopy facilities are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as advancements in technology on a global level. According to the analysis of North American Society of Gastroenterology, Hepatology and Nutrition, pediatric endoscopy has been established as a safe and effective procedure for diagnosis and management of many pediatric diseases.
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Challenges
Base Year |
2023 |
Forecast Year |
2024–2036 |
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The pediatric endoscopy devices and equipment market is segmented based on type into devices (flexible, rigid, capsule) and equipment (biopsy forceps, polypectomy devices, endoscopic retrieval devices, homeostatic devices and others), out of which, the devices segment is anticipated to grab the largest share by the end of 2029 on account of increased use of flexible endoscopes among medical professionals. Moreover, flexible endoscopes are highly efficient and safe to use, which is also projected to contribute to the growth of the segment during the forecast period.
On the basis of application, the general medical & surgical hospitals segment in the pediatric endoscopy devices and equipment market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that general medical and surgical hospitals have strong financial capabilities for purchasing expensive and large quantity of pediatric endoscopy devices and equipment at the same time along with availability of trained healthcare providers to operate these devices
Our in-depth analysis of the global market includes the following segments:
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Geographically, the pediatric endoscopy devices and equipment market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific industry is likely to dominate majority revenue share by 2036, owing to high birth rate, and increase in awareness about technological advancements. Furthermore, the market in North America is evaluated to occupy the largest share in terms of revenue during the forecast period, owing to the growing preference for minimally invasive surgeries in the region. Along with this, North America also leads in terms of healthcare infrastructure, which is expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the pediatric endoscopy devices and equipment market on account of its growing preference for technologically innovative endoscopes and preference for minimally invasive surgeries. According to National Center for Biotechnology Information, the incidence of pediatric disorders such as inflammatory bowel disease, coeliac disease, eosinophilic oesophagitis is continuously increasing in European countries which consequently needs pediatric endoscopy for diagnosis and treatment.
Author Credits: Radhika Pawar
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