Press release
Endoscopy Fluid Management Systems Market CAGR Projected for 7.2% by 2028 | Karl Storz GmbH & Co KG, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew
Providing a brief overview of the FDA regulations for Class II medical devices such as endoscopes, a new study presented by Future Market Insights offers an exhaustive assessment of the global endoscopy fluid management systems landscape for a 10-year projection period, 2018-2028.
According to the FMI study, as the Tier 1 players continue to contribute over 70% share of the market revenue, the global endoscopy fluid management systems landscape remains a highly consolidated space.
The report covers extensive profiling of the top four performers including a few of the biggest industry names such as Stryker Corporation and Olympus Corporation. However, research indicates that even local players have strong penetration in regional markets.
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Top 3 Insights from Key Players Analysis
While a majority of companies are focusing on new product launches, strategic mergers and acquisitions are likely to emerge the most profitable developmental decisions in the near future.
Most of these strategic moves will be primarily directed to address the high price point pressure associated with endoscopy fluid management systems that often affects revenue growth in developing economies.
Major hospital networks in developed regional markets are witnessing M&A between hospitals, which is likely to shape costing of medical devices such as endoscopy fluid management systems – eventually slashing down the profitability margins of manufacturers.
“Constantly increasing chronic disease instances, coupled with immense technological advances in the field of endoscopy, is prominently driving the US$ 342 Million market for endoscopy fluid management systems (or irrigation pumps) in recent years,” says a senior research analyst at the company.
Top 5 Insights from Segmental Analysis
With maximum use in laparoscopic procedures, endoscopy fluid management systems continue to register maximum revenue generation through sales of laparoscopy suction irrigation pumps, followed by laparoscopy fluid management systems.
Based on the modality of endoscopy fluid management systems, the Benchtop holds a substantial market value share.
Hospitals register the highest consumption of endoscopy fluid management systems.
Owing to a massive number of cancer survivors in the US, North America’s market for endoscopy fluid management systems is currently accounting for the largest revenue share in the global landscape, followed by Asia Pacific and Europe.
MEA and Latin America are likely to represent a significant incremental opportunity, according to FMI study.
Healthy Year over Year Revenue Growth Projected for Asia Pacific
APAC has become the hotspot for leading medical device companies, which is further intensified by dramatically growing medical tourism sector. Across APAC, Japan is likely to account for substantial revenue generation, enabling the regional market secure second spot in the global endoscopy fluid management systems landscape. FMI projects over 7% year on year revenue growth in 2020 and beyond, for this regional market.
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Government Regulations Favor Market Growth in Latin America
Latin American market for endoscopy fluid management systems is thriving at a promising pace owing to favorable government initiatives regarding endoscopic procedures and medical device marketing. Noteworthy demand for laparoscopy suction irrigation pumps within the region is identified to be responsible for the rapid revenue growth of endoscopy fluid management systems marketplace across Latin America.
Egypt’s End Users Drive Market Growth in MEA
The market for endoscopy fluid management systems in MEA is prominently driven by the improving regulatory landscape related to the marketing of medical devices, pushed further by impressive sales of laparoscopy suction irrigation pump based endoscopy fluid management systems. FMI spots higher market attractiveness in Egypt owing to the presence of a large number of end users. However, poor operational environment still remains a major growth barrier for the region.
Endoscopy Fluid Management Systems Market Reports - Table of Contents
Executive Summary
Market Overview
Market Analysis
FMI Analysis and Recommendations
Wheel of Fortune
Market Introduction
Market Taxonomy
Market Definition
Endoscopy Fluid Management Systems Market Opportunity Analysis
Endoscopy Fluid Management Systems Market Analysis Scenario
Macro-Economic Factors
Market Background
Market Dynamics
Drivers
Restraints
Trends
Opportunity Analysis
Global Economic Outlook
Gross Domestic Product by Region & Country, 2006 – 2021
Key-Inclusions.
Endoscopy Fluid Management Systems Products, By Company
Endoscopy Fluid Management Systems Market: FDA Regulations
Endoscopy Fluid Management Systems Market- Reimbursement Scenario
North America Endoscopy Fluid Management Systems Market Analysis and Forecast
Market forecast and analysis in the U.S. and Canada
Introduction
Historical Market Value (US$ Mn) Analysis By Country, 2013-2017
U.S.
Canada
Market Value (US$ Mn) Forecast By Country, 2018-2028
Historical Market Value (US$ Mn) Analysis By Product type, 2013-2017
Laparoscopy Fluid Management Systems
Laparoscopy Suction Irrigation Pumps
Hysteroscopy Fluid Management Systems
Hysteroscopy Pumps
Market Value (US$ Mn) Forecast By Product type, 2018-2028
Historical Market Value (US$ Mn) Analysis By Modality, 2013-2017
Floor Standing
Benchtop
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About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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Email: sales@futuremarketinsights.com
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Web: https://www.futuremarketinsights.com/
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