Pune, India -- (SBWIRE) -- 02/15/2018 -- The Global Endoscopy Device Market is expected to grow at a CAGR of 6.3% during the forecast period 2017-2023.

Growing popularity of Non-robotic minimally invasive surgery or endoscopic surgery has boosted the global endoscopic devices market to the new extent. The major benefits associated with endoscopic surgical procedures are small or no incision, short hospital stay, less pain, quick recovery time, less scarring, and reduction in blood loss.

According to the 2014 European Union statistics, bronchoscopy and colonoscopy were the most common surgical procedures opted for diagnosis and treatment purpose in European region. The frequency of diagnostic bronchoscopies was higher in Croatia, whereas, high frequency for colonoscopy was observed in the UK, Malta, Ireland, Belgium, France, and Denmark.

On cosmetic front, endoscopic surgery is also preferred to optimize cosmetic outcome. Endoscopy-assisted breast surgery (EABS) was initially used to facilitate breast augmentation but now this procedure can be used to assist in sentinel node biopsy, to excise benign breast tumors, and to resect malignant breast tumors.

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Taste the market data and market information presented through more than 296 market data tables and figures spread over 251 pages of the project report. Avail the in-depth table of content TOC & market synopsis on "endoscopy device market research report–Global forecast till 2023."

Major Players in the Endoscopy Device Market

Some of the key players in this market are Cogentix Medical, Integrate Endoscopy, J&J services Inc, Shaili Endoscopy, Interscope Inc., Cantel Medical, Micro-Tech Endoscopy, Cognetix, Stryker, OLYMPUS, KARL STORZ Gmbh & Co. KG, FUJIFILM, PENTAX MEDICAL, and RICHARD WOLF.

Regional Analysis:

The global endoscopy device market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas is the leading market across the globe on account of constantly increasing cancer patient population, and increasing government support for research in healthcare domain, which is likely to flourish the Americas market over the review period.

According to WHO, it is estimated that the world's population aged 60 years and older will be doubled by 2050. In the U.S, over 20% of the total population will be aged 65 years or over by 2030. The number is continuously increasing due to poor diet and increasing aging population in America region.

Europe accounts for the second largest market in the world. Europe consist of two regions namely Western Europe and Eastern Europe. Western Europe holds the major share of the market, which is majorly contributed by Germany, the U.K., and France. The major driving factor of the market are increasing prevalence of gastrointestinal diseases, increasing government support for development of healthcare domain, and well-developed technology. Moreover, increasing emphasis on rapid diagnosis and treatment of cancer and infectious diseases, changing lifestyle, increasing prevalence of cancer among geriatric population drive the European market.

Asia Pacific is expected to be the fastest growing market owing to the concentration of emerging player and focus of established market leaders in this region. Moreover, the rising incidence of cancer in Asia Pacific has prompted suppliers and manufacturers to expand their market reach and to enter developing economies.

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According to the Centers for Disease Control and Prevention (CDC), diseases such as stroke, heart disease, cancer, gastrointestinal diseases, diabetes, and chronic respiratory diseases, kidney diseases were the leading cause of death in 2014.

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