(MoneyNewsWire.Net, January 10, 2018 ) According to the report Endoscopy Devices Market, published by Market Data Forecast, the Global market is projected to reach USD 39.94 billion by 2022, at a CAGR of 6.8 % from 2017 to 2022.
Endoscopy as changed the way of identifying diseases and the way surgeries are done. They are gaining special attention across the globe because of its efficiency and precision. Various devices such as endoscopes, visualisation systems and operative devices give the clean insight of what is happening inside any particular organ under inspection.
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Endoscopy Devices Market: Drivers & Restraints
Global endoscopy market is particularly because of the factors such as growing number of hospitals, increasing demand of latest technology in healthcare at hospitals by consumers and increasing investments in R&D sector of the technology in healthcare. Also, favourable reimbursement coverage is also one of the factor helping this market to grow.
However, lack of skilled labor and use of unsterilized endoscopy devices causing diseases are the factors hampering the growth of this market.
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Endoscopy Devices Market: Segmentation
o Flexible Endoscopes
o Rigid Endoscopes
o Capsule Endoscopes
• Visualization Systems
• Other Endoscopy Equipment
o Electrical Endoscopy Equipment
o Mechanical Endoscopy Equipment
• GI Endoscopy
• North America
o United States
o South Korea
• Latin America
o Rest of Latin America
• Middle East & Africa
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Endoscopy Devices Market: Overview
Endoscopes segment account for the largest market share as of 2017. This market share lead is attributed to continuous innovation in technology in this field because of increasing R&D in this sector.
The Endoscopy Devices Market is dominated by North America in 2017. Asia Pacific is expected to have the largest growth rate in the forecast period.
Endoscopy Devices Market: Key Players
The Endoscopy Devices market is highly competitive with a large number of players. Some of the major Companies are Olympus Corporation, Karl Storz GmbH, Boston Scientific, Inc., Ethicon, and Covidien Pl. Other companies operating in this market are Stryker Corporation, Conmed Corporation, Fujifilm Holding Corporation, Hoya Corporation, Cook Medical Incorporated, Smith and Nephew, Inc., and Richard Wolf GmbH.
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