Endoscopy Devices Market Size Growth with 7.5% CAGR and forecast report will cross USD 45,612.3 million by 2025

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The global endoscopy devices market is expected to reach US$ 45,612.3 Mn in 2025 from US$ 26,333.3 Mn in 2017. The market is estimated to grow with a CAGR of 7.5% from 2018-2025. Some of the major primary and secondary sources for endoscopy devices included in the report are World Health Organization (WHO), International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), The Emirates Gastroenterology & Hepatology Society (EGHS), Gastroenterological Society of Australia (GESA), Australian Gastrointestinal Endoscopy Association (AGEA) and others.

Market Study Report adds new research on Endoscopy Devices market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Endoscopy Devices market also includes an in-depth study of the industrys competitive scenario.

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The growth of the endoscopy devices market is primarily attributed to favorable government initiatives supporting endoscopic procedures. Moreover, the technological advancements by the players in the market is also expected to drive the growth of endoscopy devices market. However, high cost of endoscopic procedures and equipment is expected to obstruct the growth of endoscopy devices market. Moreover, the development of endoscopic robotic systems is expected to be trending in the endoscopy devices market during the forecast period.

Robotic therapeutic endoscopes capable of performing variety of procedures from GI surface dissection to transendoluminal peritoneal surgery will become commercially available in the near future. This pace of technological development is expected to be due to the clinical needs. The rise in the incidence of GI cancer is anticipated to be a major factor accelerating the process of introduction of robotic systems in endoscopy. Also, other diseases and complications such as, gastroesophageal reflux disease (GERD) and ulcers in the upper GI, diverticulitis, haemorrhoids, Irritable Bowel Syndrome (IBS), and Crohn`s Disease in the lower GI are expected to account for increased demand for robotic systems.

Global endoscopy devices market, based on the product is segmented into endoscopes, visualization systems, other endoscopy equipment, and accessories. In 2017, the endoscopes segment held the largest share of the market, by product. Since, these devices are minimally invasive, they help in obtaining better results. These devices can be used to examine as well as diagnose medical conditions.

Global endoscopy devices market, based on application is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology, urology endoscopy, bronchoscopy, and other applications. In 2017, laparoscopy segment held the largest share of the market. The gastrointestinal endoscopy segment is anticipated to witness a steady growth during the forecast period, owing to the rising prevalence of gastrointestinal disorders in developed as well as developing economies.

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TABLE OF CONTENTS

1. INTRODUCTION 38

1.1 SCOPE OF THE STUDY 38

1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 38

2. GLOBAL ENDOSCOPY DEVICES MARKET – KEY TAKEAWAYS 40

3. GLOBAL ENDOSCOPY DEVICES MARKET – MARKET LANDSCAPE 43

3.1 OVERVIEW 43

3.2 MARKET SEGMENTATION 43

3.2.1 Global Endoscopy Devices Market – By Product 44

3.2.2 Global Endoscopy Devices Market – By Application 45

3.2.3 Global Endoscopy Devices Market – By End User 46

3.2.4 Global Endoscopy Devices Market – By Geography 46

3.3 PEST ANALYSIS 47

3.3.1 North America – PEST Analysis 47

3.3.2 Europe – PEST Analysis 49

3.3.3 Asia Pacific – PEST Analysis 51

3.3.4 Middle East And Africa – PEST Analysis 53

3.3.5 South And Central America – PEST Analysis 55

4. GLOBAL ENDOSCOPY DEVICES MARKET – KEY MARKET DYNAMICS 57

4.1 KEY MARKET DRIVERS 57

4.1.1 Rising Prevalence of Diseases Requiring Endoscopy 57

4.1.2 Favourable Government Initiatives 57

4.1.3 Technological Advancements 58

4.2 KEY MARKET RESTRAINTS 58

4.2.1 Risk of Infections Caused Due to Endoscopy 58

4.2.2 High Cost of Endoscopy Procedures & Equipment 59

4.3 KEY MARKET OPPORTUNITIES 60

4.3.1 Rising Patient Preference for Minimally Invasive Surgeries 60

4.3.2 Growth in the Global Healthcare Market 60

4.4 FUTURE TRENDS 61

4.4.1 Development of Endoscopic Robotic Systems 61

4.5 IMPACT ANALYSIS 62

5. GLOBAL ENDOSCOPY DEVICES MARKET – GLOBAL ANALYSIS 63

5.1 GLOBAL ENDOSCOPY DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN) 63

5.2 GLOBAL ENDOSCOPY DEVICES MARKET, BY GEOGRAPHY – FORECASTS AND ANALYSIS 64

5.3 PERFORMANCE OF KEY PLAYERS 65

5.3.1 Olympus Corporation 65

5.3.2 Ethicon US, LLC. 65

5.4 EXPERT OPINIONS 66

6. GLOBAL ENDOSCOPY DEVICES MARKET – REGULATORY SCENARIO 67

6.1 NORTH AMERICA 67

6.1.1 US 67

6.1.2 Canada 69

6.1.3 Mexico 72

6.2 EUROPE 74

6.3 ASIA PACIFIC 78

6.3.1 Japan 78

6.3.2 China 82

6.3.3 India 84

6.4 MIDDLE EAST & AFRICA 87

6.4.1 Saudi Arabia 87

6.4.2 South Africa 89

6.5 SOUTH & CENTRAL AMERICA 92

6.5.1 Brazil 92

7. GLOBAL ENDOSCOPY DEVICES MARKET ANALYSIS- BY PRODUCT 95

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The post Endoscopy Devices Market Size Growth with 7.5% CAGR and forecast report will cross USD 45,612.3 million by 2025 appeared first on America News Hour.