Endoscopy Devices Market 2020: Impact of COVID-19 Research Report By Olympus Corporation, STRYKER, Medtronic, KARL STORZ SE & Co. KG, Ethicon US, Richard Wolf GmbH, Boston Scientific Corporation, Smith & Nephew, Cook, and FUJIFILM Holdings Corporation

The Insight Partners analysts forecasts the latest report on “Global Endoscopy Devices Market (Covid-19) Impact and Analysis by 2025”, according to report; The Endoscopy Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Endoscopy Devices Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Endoscopy Devices Market.

The endoscopy devices market accounted to US$ 26,333.3 Mn in 2017 and is expected to grow at a CAGR of 7.5% during the forecast period 2018 – 2025, to account to US$ 45,612.3 Mn by 2025.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Endoscopy Devices Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2025, factoring the impact of Covid -19 Situation.

Our Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology

The reports cover key developments in the Endoscopy Devices Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

Some of the Major Market Players Are:

Olympus Corporation
STRYKER
Medtronic
KARL STORZ SE & Co. KG
Ethicon US, LLC.
Richard Wolf GmbH
Boston Scientific Corporation
Smith & Nephew
Cook
FUJIFILM Holdings Corporation

Market Insights

Rising Prevalence of Diseases Requiring Endoscopy

In recent years, there has been a substantial rise in the number of cases of cancer and other diseases needing endoscopy. As per WHO, around 8.8 million deaths were caused due to cancer in 2015, making it the second leading cause of death globally. The most common cancers to claim lives in 2015 were, lung cancer, liver cancer, colorectal cancer, stomach cancer and breast cancer. The American Cancer Society estimates 1,735,350 new cancer cases and 609,640 cancer deaths in the US alone, during 2018. The procedure of endoscopy is highly preferred during the detection as well as treatment of cancer.

Favourable Government Initiatives

The Endoscopy Action Plan implemented by the Queensland Government was aimed towards improving the health of Queenslanders by means of delivering sustainable access to better quality gastrointestinal endoscopy services. The demand for gastrointestinal endoscopy has been increasing rapidly due to national bowel screening program and a growing geriatric population. As per the plan, US$ 160 million would be invested over four years to deliver better services and improve the access across Queensland health system. Under the plan, the services will be expanded to deliver 50,000 more endoscopy procedures. Due to the implementation of this plan, the waiting time for endoscopy procedure has significantly reduced and better services have been made available across the state.

Strategic Insights

Product launches and approvals were observed as the most adopted strategy in global endoscopy devices industry. Few of the recent product launches and approvals made by the players are listed below;

2018: In May, 2018, Olympus Corporation Launched ENF-VT3, the world’s first1 rhino-laryngo videoscope to incorporate 4-direction angulation Capability. The launch is expected to help the company to offer a strong product portfolio in the market.

2017: In September, 2017, Cook Medical’s Urology business began the distribution of Cellvizio Confocal Laser Endomicroscopy (CLE) System manufactured by Mauna Kea Technologies. Cellvizio has been made available to urologists throughout the United States.

ENDOSCOPY DEVICES – MARKET SEGMENTATION

By Product

• Endoscopes
•
o Rigid Endoscope
o Flexible Endoscope
o Capsule Endoscope
• Visualization Systems
•
o Wireless Displays and Monitors
o Light Sources
o Video Processors
o Endoscopic Cameras
o Video Recorders
o Video Converters
o Carts
o Transmitters & Receivers
o Camera Heads
• Other Endoscopy Equipment
•
o Electronic Instruments
 Insufflators
 Endoscopy Fluid Management Systems
 Endoscopy Ultrasound
 Other Electronic Devices
o Mechanical Instruments
 Biopsy Forceps
 Graspers
 Snares
 Trocars and Cannuals
 Other Mechanical Instruments

• Accessories
•
o Cleaning Brushes
o Overtubes
o Surgical Dissectors
o Light Cables
o Fluid Flushing Devices
o Needle Holders/needle forceps
o Mouth Pieces
o Biopsy Valves
o Other Accessories

By Application

• Laparoscopy
• Gastrointestinal Endoscopy
• Arthroscopy
• Obstetrics/Gynecology
• Urology Endoscopy
• Bronchoscopy
• Other Applications

The report analyses factors affecting the Endoscopy Devices Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Endoscopy Devices Market in these regions.

Moreover, the report entails the estimate and analysis for the Endoscopy Devices Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Endoscopy Devices Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Endoscopy Devices Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2025 with respect to five major regions. The Endoscopy Devices Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Endoscopy Devices Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Endoscopy Devices Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Endoscopy Devices market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Endoscopy Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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