November 21, 2019
According to research report titled ‘Global Gastrointestinal Endoscopy Devices Market: Analysis by Product Type (Hemostasis Devices, Capsule Endoscopes, G.I Videoscopes, Biopsy Devices, ERCP Devices), End-User (Hospitals, Clinics, Others), By Region, By Country (2018 Edition) Forecast to 2023’ available with Market Study Report LLC, the global gastrointestinal endoscopy devices market is expected to grow with a CAGR of 6.82% during the period of 2018-2023.
Growing occurrences of chronic gastrointestinal diseases, coupled with rising awareness about health among consumers and booming preference for minimally invasive procedures are driving the growth of gastrointestinal endoscopy devices market. The market is expected expand further in the upcoming years due to development of innovative devices, escalating expenditure on healthcare in emerging nations, along with rise in elderly population, and increasing number of patients suffering from inveterate disorders.
Based on product type, gastrointestinal endoscopy devices market is classified into capsule endoscopes, hemostasis devices, GI videoscopes, ERCP devices, and biopsy devices. According to the report, GI videoscopes segment is projected to grow significantly over the forecast period. As per end-user scope, the market is divided into clinics, hospitals, and others.
Considering the geographical landscapes, the global gastrointestinal endoscopy devices market is segmented into regions namely, Europe, North America, APAC and rest of the world, with key focus on countries like Canada, US, Germany, UK, India, Japan, Brazil, and China. The report cites that North America led the global gastrointestinal endoscopy devices market in 2018. However, APAC market is expected to show substantial growth during the analysis timeline, owing to rising disposable income, and large consumer base in developing countries like India and China.
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The key players of gastrointestinal endoscopy devices market are Medtronic, Boston Scientific Corp., Stryker Corp., Olympus Corp., CONMED Corp., Cook Group Inc., Congentix Medical, Fujifilm Holdings, PENTAX Medical, and US Endoscopy.
Notably, the research examines the potential growth opportunities in gastrointestinal endoscopy devices market. The study further aims to provide top-notch business information and help investors to evaluate their investments thoroughly.
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