DUBLIN--(BUSINESS WIRE)--The "Endoscopy Devices Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025" report has been added to ResearchAndMarkets.com's offering.
According to the National Institute of Diabetes and Digestive and Kidney, digestive diseases affect nearly 70 million people every year. And around 48.3 million people access ambulatory care for digestive disease emergency annually.
These statistics are reflective of the incessantly increasing and persistent digestive disorders that have plagued human life due to lifestyle changes and highly prevalent unhealthy food. In the earlier days, invasive methods alone existed to diagnose the digestive disease that a person might be suffering from. But with the advent and development of endoscopy, this has transformed and made diagnosis easier for doctors and patients both. Endoscopy devices are therefore in high demand and experiencing a prolific increase in their production and sales. In the year 2020, the endoscopy market earned a noticeable market revenue of $11.4 billion, which has been evaluated to increment at a healthy compound annual growth rate (CAGR) of 6.43% during the forecast period of 2020-2025.
Endoscopy devices have undergone a considerable development in the continent of North America. Telesurgery and virtual reality simulators are some of the newer forms of endoscopy that are being regularly used here. This is the reason why the continent led the endoscopy market geographically with a regional share of 54% in the year 2020. Since hospitals are the most primary end users of endoscopy devices, this application segment has been evaluated to grow with a CAGR of 6.10% through to 2025.
Endoscopy Devices Market Growth Drivers and Trends:
The reason why endoscopy devices market has seen a noticeable rise in the recent past is due to several pros of endoscopy which have made it popular amongst surgeons. Endoscopy is minimally invasive which causes little or no pain to the patients. It is also useful in the treatment of mucosal disorders that occur inside the gastrointestinal tract. Another growth driver that has led to the development of endoscopy devices market is low morbidity and mortality associated with this procedure. Since the development of newer forms of endoscopy such as telesurgey, surgeons can even cure patients while sitting at a completely different site.
With the advancement of technology, endoscopy devices market has also made leaps in its innovation. This market has been disrupted with improvement of image quality obtained from the endoscopes. High definition imaging has been introduced in the endoscopes which helps in obtaining images that are clearer with improved contrast. Consistent system review and improvement in medical staff as well as hiring more professionals for endoscopic activity are other trends that are helping key market players in combating the preexisting disproportionate ratio of demand versus the delivered capacity of the process of endoscopy.
Endoscopy Devices Market Key Players Perspective:
Key market players operating in the endoscopy devices market and holding majority shares include Stryker Corporation, Smith & Nephew PLC, Olympus Corporation, Boston Scientific, KARLSTORZ GMBH, Cook Medical Inc., Pentax Medical, Richard Wolf GMBH, Cogentix Medical and Fuji Film Holdings corporation.
Key Topics Covered:
1. Endoscopy Devices Market - Overview
2. Endoscopy Devices Market - Executive summary
3. Endoscopy Devices Market
4. Endoscopy Devices Market Forces
4.1 Drivers
4.2 Constraints
4.3 Challenges
4.4 Porters five force model
5. Endoscopy Devices Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Product life cycle
5.4 Suppliers and distributors Market Share
6. Endoscopy Devices Market - By Product (Market Size -$Million / $Billion)
6.1 Market Size and Market Share Analysis
6.2 Application Revenue and Trend Research
6.3 Product Segment Analysis
7. Endoscopy Devices Market - By End User(Market Size -$Million / $Billion)
7.1 Hospital
7.2 Clinic
8. Endoscopy Devices - By Application Type(Market Size -$Million / $Billion)
8.1 Segment type Size and Market Share Analysis
8.2 Application Revenue and Trends by type of Application
8.3 Application Segment Analysis by Type
9. Endoscopy Devices- By Geography (Market Size -$Million / $Billion)
9.1 Endoscopy Devices Market - North America Segment Research
9.2 North America Market Research (Million / $Billion)
9.3 Endoscopy Devices- South America Segment Research
9.4 South America Market Research (Market Size -$Million / $Billion)
9.5 Endoscopy Devices- Europe Segment Research
9.6 Europe Market Research (Market Size -$Million / $Billion)
9.7 Endoscopy Devices - APAC Segment Research
9.8 APAC Market Research (Market Size -$Million / $Billion)
9.9 Endoscopy Devices - Middle East Segment and Africa Segment Research
9.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
10. Endoscopy Devices Market - Entropy
10.1 New product launches
10.2 M&A s, collaborations, JVs and partnerships
11. Endoscopy Devices Market Company Analysis
11.1 Market Share, Company Revenue, Products, M&A, Developments
11.2 Boston Scientific Corporation
11.3 Conmed Corporation
11.4 Fujifilm Holding Corporation
11.5 Hoya Corporation
11.6 Johnson Johnson
11.7 Karl Storz Gmbh Co. Kg
11.8 Medtronic Plc
11.9 Olympus Corporation
11.10 Smith And Nephew Plc
11.11 Stryker Corporation
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