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Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation

11-02-2018 10:09 AM CET | Health & Medicine

Press release from: Allied Market Research

Endotherapy Devices Market

Endotherapy Devices Market

Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at a CAGR of 5.9% from 2018 to 2024.

The key players operating in the global endotherapy devices market include Hoya Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Conmed Corporation Medtronic Plc., Karl Storz GmbH & Co. KG, Smith & Nephew, Plc., and Johnson & Johnson.

Other prominent players in the value chain include B. Braun Melsungen AG, Cook Medical, Siemens Healthcare, Steris Corporation, Frontier Healthcare, and Advanced Sterilization Products Services Inc.

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Geriatric population is at a higher risk of diseases such as orthopedic diseases, gastrointestinal conditions, ophthalmic diseases, gastrointestinal cancer, and others. The demand for endotherapy devices is anticipated to grow correspondingly with increase in prevalence of the aforementioned cases. In addition, rise in preference for minimally invasive procedures globally is anticipated to supplement the market growth. Moreover, lower complications, minimal scarring, reduced hospital stay, and rapid recovery propels the demand for technologically advanced endotherapy devices, which in turn boosts the market growth. However, dearth of skilled endoscopic technicians, risk of infection associated with endotherapy devices, and high price of endotherapy devices restrain the growth of this market.

Product Segment Review

Based on product, the market is categorized into GI devices & accessories, ERCP devices & accessories, and others. GI devices & accessories segment is the dominant segment contributing towards the growth of global endotherapy devices market in 2017 owing to the increase in geriatric population who are at a high risk of suffering from gastrointestinal disorders requiring the use of GI endotherapy.

End users segment review

Depending on end users, the market is segmented into hospitals, clinics, and others. Hospitals is the dominant segment in the endotherapy devices market in 2017. However, clinics is expected to be the fastest growing segment during the forecast period.

Global Endotherapy Devices Market: Key Regions

As per region, the endotherapy devices market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the endotherapy devices market in 2017, and is expected to retain its dominance throughout the forecast period.

Key Benefits

• This report entails a detailed quantitative analysis of the current market trends from 2017 to 2024 to identify the prevailing opportunities.
• Market estimations are based on comprehensive analysis of the key developments in the industry.
• The global market is comprehensively analyzed with respect to product, application, end users, and region.
• In-depth analysis based on region assists in understanding the regional market to assist in strategic business planning.
• The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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