NEW YORK, Jan. 04, 2019 (GLOBE NEWSWIRE) -- Global Endoscopy Devices market is expected to grow significantly from USD 25.7 billion in 2017 to USD 41.2 billion in 2024, at a CAGR of 7.2% from 2018 to 2024. Major factors driving the growth of the market are; rising geriatric population across the globe, and technological advancements in product development. Moreover, increasing number of surgeries coupled with growing preference for minimal invasive surgeries, and growing number of hospitals and ambulatory surgical centers across the globe are also propelling the market growth. However, limited number of trained professionals may hamper the market growth to some extent.
Key findings of the report:
- The global endoscopy devices market is expected to reach USD 41.2billion in 2024, at a CAGR of 7.2% during 2018 -2024
- Based on device, endoscopy device segment held the major share of the market in 2017
- On the basis of application, the gastroenterology segment held the major of the market in 2017, owing to rising number of GI disorders, and increasing incidences of esophageal and colon cancer
- On the basis of end-user, the hospital segment held the major share of the global market in 2017
- Asia-Pacific region is expected to register highest CAGR over the forecast period
- Some of the key companies operating in the market include Boston Scientific, Inc., Conmed Corporation, Olympus Corporation, Medtronic, Richard Wolf GmbH, Karl Storz GmbH, Stryker Corporation, Fujifilm Holding Corporation, Cook Medical Incorporated, and Cogentix Medical
Rising geriatric population driving the market growth
Endoscopy is a modern technology used for the detection of the diseases, and is also helpful in the minimally invasive surgeries performed across the globe. Endoscopy consists of the procedures that are comparatively cheaper, and results in fewer complications after the surgery. The instruments used in the procedures include visualization systems, endoscopes, and operative devices. These instruments enable the observation of the organs directly, unlike other medical imaging and visualization instruments. The endoscopy operative devices market is expected to grow due to the rising geriatric population across the globe. The aged population is more sensitive to diseases such as ophthalmic diseases, gastroesophageal reflux disease, gastrointestinal problems, orthopedic diseases, and cancer.
Browse full research report with TOC on "Global Endoscopy Devices Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024" at: https://www.energiasmarketresearch.com/global-endoscopy-devices-market-report/
To purchase report: sales@energiasmarketresearch.com
Global Endoscopy Devices Market– Regional insight
North America held the major share of the global market owing to increasing healthcare expenditure, and increasing research and development activities by major players in the region. Moreover, rising geriatric population and favorable reimbursement policies are further propelling the market growth in the region. Asia-Pacific is expected to witness the highest CAGR during the forecast period owing to growing number of hospitals and clinics in the region. Moreover, growing demand for minimal invasive surgeries and increasing incidence of chronic diseases are further augmenting the market growth in the region.
This report segments global endoscopy devices market based on device, applications, end-user and geography.
By Device
- Endoscopy Device
- Rigid Endoscope
- Flexible Endoscope
- Colonoscopes
- Laryngoscopes
- Nasopharyngoscopes
- Bronchoscopes
- Duodenoscopes
- Upper GI Endoscopes
- Others
- Robot Assisted Endoscope
- Capsule Endoscope
- Visualization Systems
- Endoscopy Cameras
- Video Processors
- Wireless Display & Monitors
- Transmitters and Receivers
- Others
- Endoscopic Operative Device
- Wound Protector
- Operative Manual Instrument
- Access Device
- Insufflation Device
- Others
By Applications
- Orthopedic Surgery
- Gastroenterology
- Neurology
- Cardiology
- Urology
- Pulmonology
- Gynecology
- Others
By End-user
- Ambulatory Surgical Centers
- Hospitals
By Geography
- North America
- Europe
- Asia-Pacific
- Central & South America
- Middle East and Africa
About Energias Market Research Pvt. Ltd. -
Energias Market Research launched with the objective to provide in-depth market analysis, business research solutions, and consultation that is tailored to our client’s specific needs based on our impeccable research methodology.
With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.
Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors.
Contact:
Mr. Alan Andrews
Business Development Manager
For any queries email us: info@energiasmarketresearch.com
To purchase report: sales@energiasmarketresearch.com
Call us: +1-716-239-4915