Endoscopic Devices Market to Witness Impressive Growth to Reach $ 40.85 billion by 2022 at Rapid CAGR of 5.7%
The EMEA, NA, Japan, and China endoscopic Devices markets are expected to reach $ 40.85 billion by 2022 and are expected to grow at a CAGR of 5.7% by 2016-2022.
Key factors that drive market growth include an increase in the elderly population that can become infected with a variety of chronic diseases, including orthopedic, gastrointestinal, eye disease, and gastrointestinal (GI) cancer. In addition, favorable reimbursement policies and FDA approvals in developed regions complement market growth as preference for minimally invasive procedures increases. However, due to the lack of skilled endoscopic technicians, the risk of infection associated with endoscopy and the high price of endoscopic devices will inhibit the growth of this market. Conversely, new endoscopic techniques such as capsule endoscopes and robotic assisted endoscopes with fewer complications, fewer scarring, fewer hospital admissions, and faster recovery are expected to provide profitable opportunities to the market in the near future.
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The report provides a comprehensive analysis of 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 other companies profiled in this report include B. Braun Melsungen AG, Cook Medical, Arthrex Inc., Frontier Healthcare, Minntech Corporation (Subsidiary of Cantel Medical Corp.), Advanced Sterilization Products Services Inc., Richard Wolf GmbH, STERIS Corporation, Siemens Healthcare, US Endoscopy Group.
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Regionally, the endoscopy devices market is analyzed across EMEA, NA, Japan, China, and others. North America is leading the overall endoscopy devices owing to increase in geriatric population and prevalence of gastrointestinal and abdominal diseases in the region. EMEA has the second largest share in the market. Growth in population, increase in affordability, and improvement in healthcare facilities are the factors that are expected to fuel the growth of China endoscopy devices market.
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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