November 11, 2019
According to research report titled ‘Global Endoscopy Devices Market - Analysis By Type (Rigid, Flexible, Capsule), Application (Arthroscopy, Bronchoscopy, Colonoscopy, Laparoscopy, GI Endoscopy, Others), By End User (Hospital, Clinic), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (N. America, Europe, APAC, ROW), By Country (U.S, Canada, Germany, U.K, Japan, China, India, Brazil)’ available with Market Study Report LLC, the global endoscopy devices market is estimated to grow reasonably with a CARG of 6.4% from 2018 to 2023.
Surging investments in healthcare segment across emerging countries, growing awareness of consumers regarding medical procedures, and increasing prevalence of chronic illnesses has fairly propelled the growth of endoscopy devices market. Moreover, consumer preference for minimally invasive procedures, coupled with rise in elderly population suffering from inveterate ailments and swift approvals for new devices are also contributing towards the widespread adoption of endoscopy devices.
Based on type, endoscopy devices market is segmented into flexible, rigid and capsule, in which flexible endoscope segment is slated to dominate the global market over the forecast period, cites the report.
Considering the application spectrum, endoscopy devices industry is fragmented as bronchoscopy, laparoscopy, arthroscopy, colonoscopy, GI endoscopy, and others. While speaking of end-user type, the market is bifurcated into clinic and hospital.
As per regions, the global endoscopy devices market is divided into Europe, North America, APAC, and rest of world. Although North American market held the largest regional share in the global endoscopy devices outlook as of 2018, APAC market is expected to see substantial growth over the forthcoming years. The large customer base of Asia Pacific region, especially in developing economies like India and China, along with increase in healthcare expenditure is likely to push regional market growth.
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According to the research report, the major companies operating in global endoscopy devices market are Stryker Corporation, Medtronic, CONMED Corporation, Boston Scientific Corporation, Cook Group Inc., Olympus Corp., Congentix Medical, Fujifilm Holdings, PENTAX Medical and US Endoscopy.
In addition, the study also identifies and analyzes emerging trends in the endoscopy devices segment, along with major drivers, challenges and opportunities. The report also outlines market entry strategies for different businesses around the globe.
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