Endoscopy devices are instrumental in diagnosis of almost every kind of cancer. Latest applications like Neuroendoscopy have huge scope in future owing to overall technological advancement in the endoscopy devices market.
Albany, NY -- (SBWIRE) -- 08/17/2016 -- The growing geriatric population in North America is pushing the growth of the endoscopy devices market in the region. The report estimates the size of the North America endoscopy devices market and projects the growth rate and valuation of the market during the period between 2011 and 2017. The report provides a brief overview of the market and studies the revenue generated by the sale of various endoscopy products. The report further analyzes the market share of the various endoscopy technologies used in the devices and the various medical applications of the endoscopy devices. The report points out the key market drivers and restraints affecting the overall endoscopy devices market in North America.
The report provides an in-depth study of the various product segments of the endoscopy devices market. Also, it analyses the effect of Porter's Five Forces on the overall market growth. The report profiles some of the key players to provide a clear snapshot of the competitive landscape of the market.
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Overview of the North America Endoscopy Devices Market
The American Board of Surgery ranks endoscopy as one of the top five procedures performed by surgeons in the U.S. The minimally invasive nature of the surgeries, coupled with the rise in the geriatric demographic, has propelled the North America endoscopy devices market. The report further points out that the advent of new technologies in endoscopic procedures, such as confocal microendoscopy and narrow band imaging, has boosted the growth of the market.
However, the report notes that stringent FDA regulations, along with the medical device tax levied upon the sales of medical devices in the U.S., will hamper the market's growth during the forecast horizon. Emerging economies in North America such as Mexico have growing demand for endoscopy devices. The report cites that the preference for neuroendoscopy will open new avenues for the overall market.
The report segments the endoscopy devices market in North America on the basis of products such as rigid endoscopes, flexible endoscopes, endoscopic visualization systems, endoscopic ultrasound, endoscope fluid management systems, and endoscope accessories. Flexible endoscopes and endoscope accessories are the major product segments in the market and are expected to grow significantly during the forecast period. The report also categorizes the overall market on the basis of technology and applications.
The report points out that the U.S. has been the key market for endoscopy devices in North America and will continue to lead the market in the near future. However, increasing demand from Canada and Mexico will add substantially to the market growth.
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Companies mentioned in the research report
The report throws light on the vendor landscape of the North America endoscopy devices market and discusses the mergers and acquisitions taking place in the market. Some of the key players in the North America endoscopy devices market are Boston Scientific Corporation, Conmed Corporation, Fujifilm Holding Corporation, Hoya Corporation, Olympus Corporation, and Johnson & Johnson. The report mentions insightful information about the key players, such as business strategy, financials, products and services, and latest developments.
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