Endoscopy Devices Market To Witness the Highest Growth Globally in Coming Years 2020-2026

The Endoscopy Devices Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2026. The Endoscopy Devices market report is a valuable source of data for business strategists. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries. This Endoscopy Devices Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

Top Companies in the Global Endoscopy Devices Market
Olympus Corporation (OTCMKTS:OCPNY)(Japan), KARL STORZ (Germany), Stryker (US), Boston Scientific (US), Ethicon (US), Fujifilm (Japan), Medtronic (Ireland), Hoya (Japan), CONMED (US), Richard Wolf GmbH (Germany), Smith & Nephew (UK), Cook Medical (US), Cogentix Medical (US), B. Braun (Germany), among others.

The global Endoscopy Devices Market to grow with a CAGR of 7.7% over the forecast period of 2021-2026.

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Market Overview:
Endoscopes are minimally-invasive devices and can be inserted into natural openings of the body, to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. A growing preference for minimally-invasive surgeries, the increasing prevalence of endoscopy for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors that are leading to the growth of the market. However, the lack of skilled technicians and infections caused by few endoscopes are hindering the market growth.

Market Insights:
Endoscopy allows both operations on more fragile patients, notably the elderly, and the treatment of more complex diseases, such as cancer. Other benefits of endoscopy include reduced post-operative pain and risks of complications, rapid healing, lighter anesthesia and a shorter period of hospital stay. Surgery, interventional radiology and advanced endoscopy have all developed minimally invasive techniques to effectively treat a variety of diseases to bring about positive impact on patients' postoperative outcomes. The growing awareness among the elderly population about minimally invasive procedures and the rising prevalence of chronic diseases worldwide boosts the demand for endoscopy devices. Other factors, such as strong inorganic growth between major players and favorable FDA approvals and reimbursement scenario will lead to a rapid growth of the market.

The United States Dominates the Market and is Expected to Continue to Do the Same during the Forecast Period
Currently, the United States dominates the market for endoscopy devices, and it is expected to continue its strong hold for a few more years. An increasing number of treatments, along with a rising population that exhibits a higher prevalence of GI disorders, are driving the growth of the market. Mild GERD is estimated to affect 60% of the population in the United States, nearly half of which experience it on a weekly basis. Colon cancer is projected to be the third leading cause of cancer deaths in the United States, with approximately 150,000 diagnosed, annually. The number of annual gastro-intestinal procedures is also likely to grow, due to the growing prevalence of digestive disorders affecting all divisions of the population, and the expanding therapeutic capabilities of endoscopy devices.

Trending News
Olympus Corporation (OTCMKTS:OCPNY)(Japan)
Olympus Announces Exclusive LUMINELLE Distribution Agreement
CENTER VALLEY, Pa., May 12, 2020 -- Olympus, a global technology leader in designing and delivering innovative solutions for medical procedures, among other core businesses, announced today that it has signed an exclusive agreement with UVision360, Inc. to distribute the LUMINELLE DTx Hysteroscopy System in the U.S. The agreement is representative of Olympus' goal to assist gynecologists in transforming the delivery of GYN care, moving procedures out of the hospital and into the gynecologist's office. The patented LUMINELLE System, created by UVision360, is FDA cleared for both diagnostic and therapeutic hysteroscopy and cystoscopy, allowing providers to perform office evaluations/treatments of the uterus and bladder pathologies without a prohibitive investment in equipment.

( Source- medical.olympusamerica.com )

Boston Scientific to Release Broad Range of Clinical Results on Endoscopic Technologies at DDW 2006
NATICK, Mass., May 18: Boston Scientific Corporation (NYSE: BSX) today announced the schedule of the Company's major events and press announcements at Digestive Disease Week (DDW), which runs from May 20 to 25 in Los Angeles. Boston Scientific will be announcing results from several clinical studies, aimed to determine the safety and effectiveness of leading endoscopic technologies including the Polyflex Esophageal Stent and the Resolution Clip. Physicians will also share results from the first human use clinical series and bench simulation study of Boston Scientific's SpyGlass(TM) Direct Visualization System.
"The data we present at DDW support the effectiveness of our leading endoscopic technologies in managing patients with esophageal and gastrointestinal diseases," said Michael P. Phalen, President, Boston Scientific Endoscopy. "Innovative treatment options, such as the Polyflex Esophageal Stent and Resolution Clip, aim to improve patients' quality of life through a less-invasive approach."

( Source= news.bostonscientific.com )

The Endoscopy Devices market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.

This report segments the global Endoscopy Devices Market on the basis of Types are
Endoscope (Flexible, Rigid, Capsule) Visualization Systems, Endoscopic Ultrasound, Insufflator

On The basis Of Application, the Global Endoscopy Devices Market is Segmented into
GI Endoscopy, Laparoscopy, Cystoscopy, Bronchoscopy, Colonoscopy, Arthroscopy

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Regions Are covered By Endoscopy Devices Market Report 2020 To 2026.

North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada and Mexico).
Europe (Germany, France, UK, Russia and Italy).
Asia-Pacific (China, Japan, Korea, India and Southeast Asia).

Significant Features that are under Offering and Key Highlights of the Reports:

-Detailed overview of Endoscopy Devices Market
-Changing Endoscopy Devices market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Endoscopy Devices market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Endoscopy Devices Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

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