Latest Report on Endoscopy Devices Market Is Likely To Engender Revenue Of USD 41,813.42 Million by 2021 – ZMR Blog
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Latest Report on Endoscopy Devices Market Is Likely To Engender Revenue Of USD 41,813.42 Million by 2021

Some of the major companies working in endoscopy devices market comprise Olympus Corporation, CONMED Corporation, Karl Storz Endoscopy, Fujifilm Holding Corporation, Pentax Medical Corporation, Boston Scientific Corporation, Stryker Corporation, Cook Medical, Inc., Smith & Nephew plc L., and Covidien PLC among others. These players are set to place the endoscopy devices market at new heights in the years to come.

Analysts at Zion Market Research claims that Global endoscopy devices market was capitalized at USD 29,591.27 Million in 2015, and is anticipated to create an income of USD 41,813.42 Million by 2021, increasing at a CAGR of 6.12% from 2016 to 2021.

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Elevation In Requirement For Ground-Breaking Techs To Boost The Global Endoscopy Devices Market

There were just two kinds of endoscopes in the industry such as rigid and flexible endoscopes. “With the elevation in the requirement for ground-breaking techs and newer editions of endoscopes are attaining limelight (comprising robot and capsule assisted endoscopes), which boost the global endoscopy devices market,” claim analysts at Zion Market Research. Various operative devices in the endoscopy comprise access devices, energy systems, operative hand instruments, suction/irrigation systems, and others. Visualization systems include SD (standard definition) systems, ultrasound devices, HD (high definition) systems, and others. With the augmentations in the number of minimally invasive surgeries, the requirement for endoscopy devices market is anticipated to elevate in the years to come. Three main classes of endoscopy devices comprised in the endoscopy surgery comprise operative devices, endoscope, and visualization systems.

Various R&D activities by government and academic bodies are also set to propel the endoscopy devices market growth. For instance, in May 2017, an endoscopic diagnostics company named Crospon declared that it has got US FDA (Food and Drug Administration) 510(k) approval for its Endoflip® System. This was a major milestone in the endoscopy devices market.

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Superior Financed And Well-Equipped Hospitals To Support The Endoscopy Devices Market In North America

The number of yearly GI (gastrointestinal) surgeries is continually increasing due to the rise in the general population. This, in turn, boosts the endoscopy devices market. In addition to this, the increasing occurrence of digestive disorders impacting all types of the population as well as the extending therapeutic abilities of the devices is set to bolster the endoscopy devices market. Some of the major GI disorders boosting the procedural volume in the endoscopy devices market are digestive cancer, gastro-esophageal reflux disorder (reflux or GERD), dyspepsia, gastroenteritis, and gallstones. The prevalence of these conditions is noteworthy and ever expanding, boosting the endoscopy devices market.

North America ruled the global endoscopy devices market owing to the presence of superior financed and well-equipped hospitals and healthcare institutions. In addition to this, the endoscopy devices market is well set in North America on the back of trained and well informed healthcare professionals.

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The global endoscopy devices market is segmented as follows:

By Products

  • Endoscope
  • Rigid Endoscope
  • Flexible Endoscope
  • Capsule Endoscope
  • Robot Assisted Endoscope
  • Operative Devices
    • Energy Systems
    • Suction/Irrigation Systems
    • Access Devices
    • Operative Hand Instruments
    • Others (Insufflation Devices, Wound Protectors, Snares)
  • Visualization Systems
    • Ultrasound Devices
    • Standard Definition (SD) Visualization Systems
    • High Definition (HD) Visualization Systems

By Application

  • Gastrointestinal Surgeries
  • Urology/Gynecology Surgeries
  • ENT Surgeries
  • Cardiovascular Surgeries
  • Neuro/Spinal Surgeries
  • Laparoscopy Surgeries
  • Arthroscopy Surgeries
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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