Endoscopy Equipment Market Set to Grow at 6.4% CAGR and to Reach US$ 34.82 Billion by 2022, Growth Driven by Olympus Corporation (Japan), Ethicon (US), Fujifilm (Japan) and Medtronic (Ireland)

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#The endoscopy equipment market report provides a picture on endoscopes, visualization systems, other endoscopy equipment, and accessories across different applications and regions. North America is expected to account for largest share of the global endoscopy equipment market, followed by Europe, Asia-Pacific, & Rest of the World (RoW).

The global endoscopy equipment market was valued at USD 24.32 Billion in 2016 and is projected to reach USD 34.82 Billion by 2022, at a CAGR of 6.4% during the forecast period. Base year considered for the report is 2016 and the forecast period considered for this report is 2017–2022.

Objectives of the Study
• To define, describe, and forecast the global endoscopy equipment market by product, application, end user, and region
• To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast size of market segments with respect to the four main regions, namely, North America (US and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of APAC), and the Rest of the World (Latin America and Middle East & Africa)
• To strategically analyze the market structure and profile key players of the global endoscopy equipment market and comprehensively analyze their core competencies
• To track and analyze company developments such as partnerships, agreements and collaborations; expansions; acquisitions; and product launches in the endoscopy equipment market

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Growth in the endoscopy equipment market is driven by factors such as favorable government initiatives, rising number of hospitals and growing hospital investments in endoscopy facilities, technological advancements, and rising prevalence of diseases that require endoscopy. However, the high cost of endoscopy procedures & equipment and limited reimbursement in developing countries is expected to restrain the growth of this market during the forecast period.

Endoscopes segment is expected to account for the largest share of the global endoscopy equipment market, by product. In 2016, the gastrointestinal endoscopy segment is expected to account for the largest share of endoscopy equipment market, by application. The hospitals segment is expected to account for the largest share of the endoscopy equipment market, by end user.

Stakeholders of the Endoscopy Equipment Market
• Endoscope and Related Device Manufacturing Companies
• Suppliers and Distributors of Endoscopy Devices
• Hospitals and Medical Colleges
• Independent Surgeons and Private Offices of Physicians
• Ambulatory Surgery Centers
• Teaching Hospitals and Academic Medical Centers (AMCs)
• Government Bodies/Municipal Corporations
• Business Research and Consulting Service Providers
• Venture Capitalists

Report includes study of key players offering endoscopy equipment such as Ethicon, Inc. (U.S.), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), KARL STORZ GmbH & Co. KG (Germany), Medtronic plc (Ireland), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Pentax Medical Corporation (Japan), Smith & Nephew plc (U.K.), Richard Wolf GmbH (Germany), and Cook Medical Incorporated (U.S.).

More Information on “Endoscopy Equipment Market by Product (Endoscopes (Flexible, Rigid, Capsule), Visualization Systems, Other Endoscopy Equipment, Accessories), Application (GI Endoscopy, Laparoscopy), End User (Hospitals, ASCs/Clinics) - Trends & Forecasts to 2021” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=80155 .

North America’s large share can be attributed to favorable reimbursement scenario in U.S., increasing incidence of cancer in U.S. and Canada, research on new technologies in U.S., & implementation of a new funding model for Canadian hospitals. It aims at estimating the market size and future growth potential of this market across different segments such as product, application, end user, and region.

Competitive Landscape
1 Overview
2 Market Share Analysis
3 Strategic Analysis
4 Competitive Situation and Trends
5 Other Developments

In coming years, endoscopy equipment market is expected to witness highest growth in Asia-Pacific region, with emphasis on India, China, and Japan. High growth in India and China can be attributed to government and venture capital investments in China in the field of endoscopy, endoscopy research support in Japan, and increasing number of endoscopic surgeries & improving endoscopy infrastructure in India.

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This release was published on openPR.