Endoscopy is a minimally invasive medical procedure that diagnoses, prevents, and treats the complications associated with the visceral organs. Endoscopes are used in this procedure to examine interior hollow organs or cavities in the body. The device is either placed in the body through natural openings or cavities or through incisions, especially in the case of arthroscopy. Endoscopy devices are equipped with several other parts such as camera or light source at the tip of endoscopes that help physicians or medical professionals to analyze the internal organs of interest. Endoscopy may be used to investigate symptoms in the digestive system, including nausea, vomiting, abdominal pain, difficulty swallowing and gastrointestinal bleeding.
On the basis of product, the global market is segmented into endoscopes, visualization equipment, other endoscopy equipment, and accessories. Endoscopes are expected to account for the largest share of the market in 2017 and this segment is also estimated to grow at the highest CAGR during the forecast period. The dominant market share and growth rate of this segment can be primarily attributed to the rising adoption of minimally invasive procedures, increasing technological advancements, and disposable endoscopes and the subsequent need to repeat the purchase of these single-use products.
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The growth of endoscopy equipment market is majorly driven by factors such as favorable government initiatives, rising number of hospitals and growing hospital investments in endoscopy facilities, technological advancements, and rising prevalence of diseases that require endoscopy.
The global endoscopy equipment market is estimated to witness notable growth in the coming years as Transparency Market Research reports.
Major players are putting more focus on the development of new products and their product launching in order to stay in the market and maintain a dominant place.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=33032Some of the prominent players of the global endoscopy equipment market are Fujifilm Holdings Corporation, Stryker Corporation, Karl Storz GmbH & Co., Smith & Nephew Plc, Karl Storz GmbH & Co., Boston Scientific Corporation, and Arthrex Inc. Major vendors are making efforts to develop new products and accelerate the overall growth of the market during the forecast period.
Players are also investing more funds into research and development in order to produce better and unique results so as to improve their brand quality and give tough competition to the others.As per the TMR reports, the global endoscopy equipment market is prognosticated to reach a valuation of US$33.5 bn by 2022.
The market is presumed to exhibit a promising CAGR of 4.0% within the forecast period of 2017 to 2022.
As per the classification by application, the endoscopy equipment market is seen to be dominated by the gastroenterology segment owing to the increase in popularity of gastric problems all around the globe.As per the geographical segmentation, the market is projected to be dominated by North America with an expected rise of revenue from US$9.9 bn in 2017 to US$12.3 bn by the end of 2022.Request COVID Analysis on Endoscopy Equipment Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=33032 Increasing Number of Gastroenterological Diseases to Boost Market GrowthThe surge in the use of endoscopic equipment for diagnosis of all kinds of gastroenterological disorders is also expected to boost the market at a global level.
Both the government and non-government agencies are putting efforts to set up better healthcare infrastructures in order to suffice to the medical needs of people.Developing countries like that of New Zealand, Australia, India, China, and Japan are also presumed to increase the revenue generation of the endoscopy equipment market during the forecast period by creating better infrastructure and medical facilities in terms of treatment.
UpMarketResearch offers a latest published report on “Global Endoscopy Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
Endoscopy market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
