Endoscopy Devices Industry Press Release
Portland, OR -- (SBWIRE) -- 01/31/2018 -- The Global Endoscopy Devices Market was valued at $ 25,822 million in 2014 and is likely to garner $ 44,891 million in 2025, growing at a CAGR of 5.60% during the forecast period 2018-2025 according to Progressive Markets report, Endoscopy Devices Market Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.
The report provides a comprehensive review of the endoscopy devices market covering details such as research methodology, endoscopy devices market size, endoscopy devices market share, endoscopy devices market trends, endoscopy devices industry statistics, Porters analysis, endoscopy devices market forecast, market drivers and restraints, and company profiles. The report is a useful source of guidance as it helps identify the opportunities in the space and offers accurate information and forecasting that foster meaningful decision making among market players, investors, shareholders, and new entrants.
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The report provides a summary of the global endoscopy devices industry to help market players and new entrants understand the entire status of the industry and plan strategies for business growth. Market attractiveness helps assess the potential market value while trends analysis helps predict the future changes in the price of a stock. Key findings are detailed in the report to assist market players to determine investment viability. The competitive landscape offered in the report helps market players assess the competitive environment within the industry and take steps to gain a competitive edge.
The market landscape of the endoscopy devices market is provided in terms of the growth drivers, restraints and opportunities, Porters Five Forces analysis, and market share analysis. The rise and fall of the endoscopy devices industry are dependent on the drivers and restraints of the market. The drivers lead to the growth of the market while the restraints result in the downfall of the market. The growing occurrences of cancer, gastrointestinal diseases, and other types of chronic diseases owing to the increasing geriatric population, rise in obesity, and changes in lifestyle are driving the growth of the industry. Furthermore, a rise in preference for minimally invasive surgeries, technological advancement in visualization, diagnosis, & surgical endoscopic treatment, favorable FDA approvals and reimbursement policies in developed countries, and growing awareness of endoscopic technologies & its benefits among patients & medical professionals lead to market growth. Nonetheless, a dearth of trained physicians and endoscopists, the incidences of infections due to few endoscopes, and high costs associated with endoscopy devices are expected to hinder the growth of the industry.
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The report offers a detailed segmentation of the global endoscopy devices market based on product, end user, application, and geography. Based on product, the market is divided into endoscopes, visualization and documentation systems, mechanical endoscopy equipment, accessories, and other types of endoscopy equipment. The endoscopes segment garnered $10499.3 million and is expected to reach $16453.2 million during the forecast period, 2018-2025. The mechanical endoscopy equipment segment is likely to grow at a CAGR of 4.99% during the forecast period. By end user, the market is classified as hospitals, clinics, and others. The clinics segment is likely to grow at a CAGR of 5.89% during the forecast period. Based on application, the market is divided into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuro-endoscopy, gastrointestinal endoscopy, obstetrics/gynecology endoscopy, ENT endoscopy, and others. The gastrointestinal endoscopy is expected to grow at a CAGR of 6.69%. Geographically, the market analysis is covered across North America, Europe, Asia-Pacific, and LAMEA. In North America, the market study covers the U.S., Canada, and Mexico. In Europe, the market analysis is covered for Germany, France, UK, and the rest of Europe. The market study in the Asia-Pacific region covers Japan, China, Australia, India, and the rest of Asia-Pacific. The endoscopy devices market analysis in the LAMEA region covers Brazil, Saudi Arabia, Republic of South Africa, and others.
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The report provides an extensive analysis of the key market players operating in the global endoscopy devices market. A brief summary of each player is offered in the study to help market players and investors gain an understanding of the existing competition and determine investment suitability. Besides the overviews, financial and business segments of each player are offered in the study. Recent developments by them are also discussed. Some of the key players include CONMED Corporation, Boston Scientific Corporation, Stryker Corporation, Fujifilm, Holdings Corporation, Olympus Corporation, HOYA Corporation, Medtronic Plc, KARL STORZ GmbH & Co. KG, and Johnson & Johnson