Endoscopy Devices Market Growth Powered With Latest Development Scenario and Influencing Trends
Seattle, WA -- (SBWIRE) -- 11/25/2019 -- Endoscopy is a minimally invasive medical procedure that diagnoses, prevents, and treats the complications associated with the visceral organs. Endoscopes are used in this procedure to examine interior hollow organs or cavities in the body. The device is either placed in the body through natural openings or cavities (such as anus and mouth) or through incisions, especially in the case of arthroscopy. Endoscopy devices are equipped with several other parts such as camera or light source at the tip of endoscopes that help physicians or medical professionals (endoscopists) to analyze the internal organs of interest.
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The global endoscopy devices market is anticipated to experience significant growth during the forecast period due to technological advancements and rise in prevalence rate of diseases that require endoscopy devices. In addition, favorable FDA approvals & reimbursement policies in developed economies, surge in patient preference for minimally invasive surgeries, and shorter recovery time & minimal postoperative complications further drive the growth of the global endoscopy devices market.
The global endoscopy devices market is segmented into product, hygiene, application, end user, and region. Depending on product, the global market is categorized into endoscopy devices (endoscopes), mechanical endoscopic equipment, visualization & documentation systems, accessories, and others. Depending on hygiene, the market is segregated into single-use, reprocessing, and sterilization. The applications covered in the study include bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuroendoscopy, gastrointestinal endoscopy, gynecology endoscopy, ENT endoscopy, and others. On the basis of end user, the market is classified into hospitals, ambulatory surgery centers & clinics, and others.
North America held the largest share of the global endoscopy devices market in 2018, owing to its well-established healthcare infrastructure, upsurge in adoption of advanced technology, increase in geriatric population, and rise in prevalence of gastrointestinal & abdominal diseases in the region. However, Asia-Pacific is expected to exhibit the highest CAGR during the forecast period, owing to the growth in the population, increase in the prevalence of chronic diseases, and improvement in healthcare facilities are expected to fuel the Asia-Pacific endoscopy devices market growth.
Olympus Corporation; Fujifilm Holdings Corporation; Ethicon Endo-Surgery, LLC; Stryker Corporation; Richard Wolf Gmbh; Boston Scientific Corporation; and Karl Storz
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