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Endoscopy Devices Market Growth Analysis By Top Key Players: Hoya Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Conmed Corporation Medtronic Plc and others
Endoscopy Devices Market
The key factors that boost the growth of the market include increase in geriatric population that is susceptible to various chronic diseases including orthopedic diseases, gastrointestinal conditions, ophthalmic diseases, gastrointestinal (GI) cancer, and others. In addition, availability of favorable reimbursement policies and FDA approvals in developed regions coupled with the growth in preference for minimally invasive procedures supplement the market growth.
However, dearth of skilled endoscopic technicians, risk of infection associated with endoscopy, and high price of endoscopy devices restrain the growth of this market. Conversely, emerging endoscopy technologies such as capsule endoscopes and robot-assisted endoscopes with lower complications, minimal scarring, reduced hospital stay, and rapid recovery are anticipated to offer profitable opportunities for the market in near future.
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The key players operating in the endoscopy devices market such as
• 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.
The endoscopy devices market by product is segmented into endoscopy devices, visualization & documentation systems, mechanical endoscopy equipment, accessories, and other endoscopy equipment. The endoscopy device segment is the largest revenue contributor to the market. The endoscopy devices are routinely used in diagnosis and therapy of various diseases.
Increase in geriatric population along with rise in disorders related to gastrointestinal tract are also prime reasons for endoscopy devices to find tremendous applications. Furthermore, the growth in awareness about endoscopy devices, preference for minimally invasive endoscopic procedures, lower postoperative complications, and a faster recovery period are few of the many reasons that make the utilization of endoscopy devices rewarding in the study period.
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Key Benefits for Stakeholders
• The study provides an in-depth analysis with the current trends and future estimations of the EMEA, NA, Japan, and China endoscopy devices market to elucidate the imminent investment pockets.
• Comprehensive analysis of the factors that drive and restrict the market growth is provided.
• The quantitative analysis of the industry from 2014 to 2022 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of key segments of the industry is provided to understand the types of endoscopy devices used across the EMEA, NA, Japan, and China regions.
• Key players and their strategies are analyzed to understand the competitive outlook of the market.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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