(MoneyNewsWire.Net, February 09, 2018 ) According to the report North America Endoscopy Devices Market, published by Market Data Forecast, the market is projected to reach USD 17.35 billion by 2021, at a CAGR of 6.95% from 2016 to 2021.
Endoscopy means looking inside and typically refers to looking inside the body for medical reasons using an endoscope. It is an instrument which is used to examine the interior of a hollow organ or cavity of the body. Unlike most other medical imaging techniques, endoscopes are inserted directly into the organ. Endoscopy consists of methods which are cost-effective ensuing in fewer complications post-surgery and negligible scars in the body. These surgeries also decrease the length of stay of the patient at the hospital.
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North America Endoscopy Devices Market: Drivers & Restraints The growth of the North America Endoscopy Devices Market is mainly driven by factors such as growing number of hospitals, growing patient predilection for minimally invasive operations, and rising geriatric population. However, the strict regulation imposed on the issue of endoscopic devices is one of the major reasons hindering the growth of the market.
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North America Endoscopy Devices Market: Segmentation By Product By Endoscopes o Flexible o Rigid o Capsule Visualization systems Other endoscopy equipment o Electrical endoscopy o Mechanical endoscopy By application Laparoscopy Bronchoscopy GI endoscopy
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North America Endoscopy Devices Market: Overview By product, the endoscopes accounts for the largest share in the market. This is attributed to the various inventions of technologically innovative endoscopes by manufacturers and increased public awareness.
North America Endoscopy Devices Market: Region-wise Outlook The North America market has been geographically segmented into segmented into US and Canada. North America holds the largest share of the global Endoscopy Devices market and this is attributed to a number of factors such as favourable reimbursement situation in the U.S., growing incidences of cancer in the U.S. and Canada, study on new technologies in the U.S., and new funding model for Canadian hospitals.
Key Questions Answered What is the current and future North America Endoscopy Devices market outlook? What trends are affecting the market? What is the competitive landscape and market share of major players in the North America Endoscopy devices market? What are the key market segments that currently occupy the highest market share? Which market segments are growing the fastest? What challenges are restraining the growth of the North America Endoscopy Devices market? How will emerging technologies answer these challenges? What is physician perception and market outlook of endoscopy devices?
North America Endoscopy Devices Market: Key Players Major players in the market include Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation.
Reasons to buy North America Endoscopy Devices Market Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product, application along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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