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Endoscopy Devices Market to Reach $40,854 Million, Globally, by 2022 Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2014-2022
Endoscopy Devices Market “Capsule endoscopy emerged to be a highly preferred technology due to its minimal invasive nature, and is designated as a breakthrough in endoscopy device technology to diagnose various diseases. Despite numerous advancement in the endoscopy devices field, flexible endoscopy is expected to maintain its lead due to its high precision, sensitivity, specificity, and safety as compared to others at economical cost.”
Endoscopy Devices Market Overview Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market in 2015. Access Full Summary at: https://www.alliedmarketresearch.com/endoscopy-devices- market Rise in prevalence of diseases that require endoscopy procedures such as cancers and gastrointestinal diseases is one of the prime reasons that drives the growth of endoscopy devices market. In addition, growth in baby boomer generation with high risk of targeted diseases, rise in awareness about novel endoscopy devices, and patient preference for the minimally invasive nature of endoscopy devices propel the market growth.
Endoscopy Devices Market Endoscopy is carried out to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgery. The endoscopy devices market is segmented based on product into endoscopes, visualization & documentation systems, mechanical endoscopy equipment, accessories, and other endoscopy equipment. Furthermore, endoscope segment is segregated into endoscopy devices, capsule endoscopy, and robot-assisted endoscopy. The flexible endoscopes hold a dominating share in the global endoscopy devices market, and is expected to maintain its lead during the forecast period. This is attributed to the diverse application of these endoscopes to diagnose and treat different diseases and increased adoption of flexible endoscopes across different healthcare settings.
Endoscopy Devices Market Rise in incidences of cancer, gastrointestinal diseases, and other chronic diseases worldwide, owing to the growth in geriatric population, obesity, and changes in demographics & lifestyle are the major factors that drive the growth of the endoscopy devices market. In addition, technological advancement in visualization, diagnosis, & surgical endoscopic treatment; and increase in awareness of endoscopic technologies & its advantages among the patients & medical professionals stimulate the demand for endoscopic devices, thus boosting the market growth. However, numerous factors are expected to restrain the market development. The impact of the drivers is estimated to be higher than the restraints. Moreover, an increase in the effects of drivers and restraints is anticipated to reveal new market opportunities for key players manufacturing endoscopy devices, especially flexible and capsule endoscopy systems.
Endoscopy Devices Market, Snapshot The key players that operate in the global endoscopy devices market include Olympus Corporation, HOYA Corporation, Fujifilm, Holdings Corporation, Boston Scientific Corporation, CONMED Corporation, Stryker Corporation, Smith & Nephew Plc, Medtronic Plc, KARL STORZ GmbH & Co. KG, and Johnson & Johnson. Other players in the value chain include B. Braun Melsungen AG, Cook Medical, Arthrex Inc., Frontier Healthcare, Minntech Corporation (Subsidiary of Cantel Medical Corp.), Advanced Sterilization Products Services Inc., Richard Wolf GmbH, STERIS Corporation, Siemens Healthcare, US Endoscopy Group, and others
Key Benefits of Endoscopy Devices Market • The study provides an in-depth analysis of the global endoscopy devices market with current trends and future estimations to elucidate the imminent investment pockets. • The report provides a quantitative analysis from 2014 to 2022 to enable the stakeholders to capitalize on prevailing market opportunities. • Competitive intelligence highlights the business practices followed by leading market players across various geographic regions. • Porters Five Force’s model is expected to interpret the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition among the key players. • Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Endoscopy Devices Market North America Europe Asia-Pacific LAMEA
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