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Endoscopy Devices Market Overview 2018-2025 |Growth Rate Analysis by Leading Companies - Olympus Corporation, STRYKER, Medtronic, KARL STORZ SE & Co. KG, Ethicon US, LLC., Richard Wolf GmbH, Boston Scientific Corporation, Smith & Nephew, Cook, and FUJIFIL

11-28-2018 05:39 AM CET | Health & Medicine

Press release from: avinash.suryawanshi@theinsightpartners.com

/ PR Agency: Endoscopy Devices Industry
Endoscopy Devices Market to 2025 - Global Analysis and Forecasts By Product

Endoscopy Devices Market to 2025 - Global Analysis and Forecasts By Product

The market for endoscopy devices is expected to grow in the coming years, owing to the technological advancements made by the players operating in the market. These technological advancements have made the procedure of endoscopy more easy as well as the results obtained are more accurate.

According to a new market research study titled ‘Endoscopy Devices Market - Global Analysis and Forecasts By Product, Application and End User. The global endoscopy devices market is expected to reach US$ 45,612.3 Mn in 2025 from US$ 26,333.3 Mn in 2017. The market is estimated to grow with a CAGR of 7.5% from 2018-2025. The report highlights the trends prevalent in the global endoscopy devices market and the factors driving the market along with those that act as deterrents to its growth.

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The objective of the study is to describe, define, and forecast the endoscopy devices market by product, application, end user, and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall endoscopy devices market.

Prominent players operating in endoscopy devices market

Some of the prominent players operating in endoscopy devices market are Olympus Corporation, STRYKER, Medtronic, KARL STORZ SE & Co. KG, Ethicon US, LLC., Richard Wolf GmbH, Boston Scientific Corporation, Smith & Nephew, Cook, and FUJIFILM Holdings Corporation.

The company players are indulged into development of novel and innovative products to cater the demands of users in the endoscopy devices market. For instance, in March 2018, Olympus Corporation launched ENF-VT3, the world’s first1 rhino-laryngo videoscope to incorporate 4-direction angulation capability.

Global endoscopy devices market, based on the product class is segmented into endoscopes, visualization systems, other endoscopy equipment, and accessories. The endoscopes segment has been further divided as rigid endoscopes, flexible endoscopes as well as capsule endoscope. In 2017, the endoscopes segment held the largest share in the market, by product. Moreover, the segment is also anticipated to grow at a significant rate during the forecast period.

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Endoscopy is a minimally invasive surgical procedure, used to visualize as well as operate on internal organs in the human body. This procedure is performed with the help of a small flexible tube known as an endoscope. This tube is attached with a camera, enabling clear view of the organ to be diagnosed. Key factors driving the market are rise in the number of diseases requiring endoscopy, favorable government initiatives as well as technological advancements in endoscopy devices. The report would be of an interest to various stakeholders operating in the endoscopy devices market. These stakeholders include healthcare institutes, research institutes, endoscopy devices product manufacturers and vendors, research consulting firms, endoscopy devices service providers, distributors and others.

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