Endoscopy Devices Market - Growth and Demand Forecasts to 2021
According to the report " Global Endoscopy Devices Market ", published by Market Data Forecast, the global market is projected to reach USD 37.40 billion by 2021, at a CAGR of 6.80% from 2016 to 2021.
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Endoscopy is a technology that has altered the viewpoint of identifying diseases and the way surgeries were achieved previously and are receiving attention across the world.
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. Devices such as endoscopes, visualization systems, and operative devices give direct insight inspection of the organs, unlike other medical imaging tools.
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Factors such as growing number of hospitals, increasing investments, and grants by administration bodies worldwide, growing patient predilection for minimally invasive operations, technological advancements, favourable reimbursement coverage in certain countries, growing geriatric population are driving the growth of the global Endoscopy Devices market.
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1) Based on Product:
a) Flexible Endoscopes
b) Rigid Endoscopes
c) Capsule Endoscopes
• Visualization Systems
• Other Endoscopy Equipment
2) Based on Application:
• GI Endoscopy
3) Geographical Segmentation:
• North America
• Latin America
• Middle East and Africa
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The major companies dominating the Endoscopy Devices market are Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation.
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