OGAnalysis Healthcare Division released a Report in August 2019 with its predictions for global endoscopy devices market for 2019 through 2025.

 

Researchers identified strong R&D investments from Olympus Corporation, Karl Storz GmbH, Stryker and others in technological advancements will drive the global endoscopy devices market. The global market is valued at $ 11.4 billion in 2018 and is forecast to register 4.08% growth over the forecast period.

 

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Unmet demand for diagnostics and therapeutics of gastrointestinal, carcinogenic, cardiovascular and other diseases

 

On the other hand, high costs, lack of skilled personnel and challenges of reusable devices.

 

Here are seven findings from the endoscopy devices market report.

•          Global endoscopy device market is valued at $ 11.4 billion in 2018 and will register 4.08% growth between 2019 and 2025.
•          Capsules Endoscopes will be the main focus of endoscopy device companies as the segment is likely to register 9.3% growth to 2025
•          Visualization systems will witness maximum growth in endoscopy devices with Endoscopy Cameras, Displays and Monitors accounting for 44% market share
•          Endoscope Tip Protector, Tubing, Water Systems, Procedures and Forceps will be the fastest growing Instruments and Accessories
•          Gastrointestinal Endoscopes will dominate the global flexible endoscopy market
•          The US remains the single largest market for endoscopy devices market size, accounting for 30% market share
•          Leading companies strategize South and Central America as the new investment hub as the region remains fastest growing endoscopy devices market worldwide
•          Olympus Corporation and Karl Storz GmbH stood as the market leader in the global endoscopy devices industry

 

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Endoscopy Devices market by Regions: Asia Pacific showcases strong market potential

Jointly shape the long term market prospects.

 

Further, endoscopy devices markets across Americas continuous to evolve rapidly with anticipated market size of $ 6 billion by 2025. The growing cluster of key OEMs and ODMs region.

 

Partnerships among healthcare service providers and health clinics leverages global endoscopy device market value

 

Hospitals are increasingly investing in new endoscopy devices, in particular through collaboration with companies, research organizations and hospitals. Majority of these collaborations focus on deploying minimally invasive endoscopy facilities to ensure reduced hospitalization period and early recovery. For instance, Thailand-based medical facility provider, Samitivej Hospital, signed with Sano Hospital, a Japanese healthcare facility specializing in endoscopy for co-operation in endoscopy device deployment and optimization.

 

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Rapid shift towards Flexible Endoscopic systems and Capsule Endoscopic systems observed worldwide

Disorders of the endoscopic systems market.

 

Flexible endoscopic systems are increasingly penetrating markets with cardiac conditions, prominently among surgeries geriatric population and obesity groups.

 

Further, growing awareness of health with risks and end-of-life circle of endoscopies are fuelling endoscopy device market value.

 

Global Endoscopy Device manufacturing companies compete in R&D investments to launch new generation devices

Focusing on R&D efforts to launch their market shares. Collaborations with research institutions, new product launches, and R&D investments. Some major strategies adopted by the major players in the industry.

 

Key players operating in the global endoscopy market are Olympus Corporation, Karl Storz GmbH & Co. KG., B. Braun Melsungen AG, Stryker Corporation, and Boston Scientific Corporation, Ethicon, Inc. (Johnson & Johnson), Fujifilm Holding Corporation, Medtronic PLC , PENTAX Medical (Hoya Corporation), and Smith & Nephew PLC.

 

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