China Endoscopy Devices Market 2020 Precise Outlook - Boston Scientific Corporation, Conmed Corporation, Cook Medical, Richard Wolf GmbH, Johnson and Johnson, Fujifilm Holdings

The China Endoscopy Devices Market is expected to register a CAGR of 6.5% during the forecast period.

The China Endoscopy Devices Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Endoscopic surgeries are performed for imaging procedures and minor surgeries. A growing preference for minimally-invasive surgeries, the increasing use 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. According to the World Population Ageing 2019 report, in China population aged above 65 years or over is expected to reach 246.98 million by 2030 from 164.48 million in 2019. As the aged population are more prone to chronic diseases such as cardiovascular, respiratory and neurological diseases which will boost the market over the forecast period.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the China Endoscopy Devices Market: Boston Scientific Corporation, Conmed Corporation, Cook Medical, Richard Wolf GmbH, Johnson and Johnson, Fujifilm Holdings, Medtronic PLC, Olympus Corporation

MARLBOROUGH, Mass., Dec. 13, 2019 -- Boston Scientific Corporation (NYSE: BSX) today announced U.S. Food and Drug Administration (FDA) 510(k) clearance of the EXALT™ Model D Single-Use Duodenoscope for use in endoscopic retrograde cholangiopancreatography (ERCP) procedures. The EXALT Model D Duodenoscope is the first and only FDA cleared single-use (disposable) duodenoscope on the market and was granted Breakthrough Device Designation from the FDA to ensure patients and healthcare providers have timely access to this device.
This groundbreaking device has been developed as an alternative to reusable duodenoscopes, eliminating the need for duodenoscope reprocessing and repairs, and allowing physicians to use a new, sterile device for every procedure. The EXALT Model D Duodenoscope builds on the familiar design of standard reusable duodenoscopes so that physicians experience a minimal learning curve when adopting this technology.

May 18th, 2019: Cook Medical and Ambu A/S announce collaboration to address endoscope-related infections

Bloomington, Ind. – Cook Medical and Ambu A/S have agreed on terms to enter into a partnership under which Cook will distribute Ambu’s single-use, disposable duodenoscope in the U.S., following FDA clearance. The scope is currently being developed by Ambu to help address infections caused by cross-contamination.* Since 2015, U.S. regulatory authorities have increased their focus on endoscope cross-contamination­­, particularly reusable endoscopes for gastrointestinal use.

The use of reusable endoscopes can pose a contamination risk to patients because the devices are difficult to reprocess between uses. Alternatively, single-use scopes could have a significant impact on device-related infections and improve hospital workflows because they do not require cleaning or repair.

Key Market Trends

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 anaesthesia, 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, in order to bring about a positive impact on patients' postoperative outcomes. The growing awareness among the Chinese population about minimally-invasive procedures and the rising prevalence of chronic diseases across the country, are boosting the demand for endoscopy devices.

Capsule Endoscope Segment is Expected to Witness Rapid Growth Over the Forecast Period in the China Endoscopy Devices Market. Capsule endoscopy is an effective, automatic, simple, and painless method of imaging the mucosa of the digestive tract. It has numerous potential applications and a rising role in the digestive pathological examination. The market for capsule endoscopy in China is expected to be driven by the technological advancements that are adopted by medical professionals in China, and an increasing number of new players that are expanding the business in the Chinese market. The introduction of technologically advanced features, such as Wi-Fi-enabled small bowel capsules, featuring longer battery life, is further expected to drive the demand for capsule endoscopy devices. The usage of a capsule endoscope not only makes patient’s visits to the hospitals/clinics more comfortable but also lowers the examination costs while offering proper treatment. A capsule endoscope is designed to be disposable after use. This eliminates any possibility of in-hospital infection, as in the case of conventional endoscopy. At present, capsule endoscopy and enteroscopy are the preferred methods to examine the small bowel, in most situations.

Furthermore, according to the Ministry of Health (MOH) China, the total healthcare expenditure spent by China in 2018 was 5.9 trillion yuan which was increased compared to 4.6 trillion yuan in 2016. As healthcare expenditure increases which will boost the market. Thus, owing to above factors the segment is expected to show growth over the forecast period.

Influence Of The China Endoscopy Devices Market Report:

-Comprehensive assessment of all opportunities and risk in the China Endoscopy Devices market.
- China Endoscopy Devices market recent innovations and major events.
-A detailed study of business strategies for growth of the China Endoscopy Devices market-leading players.
-Conclusive study about the growth plot of China Endoscopy Devices market for forthcoming years.
-In-depth understanding of China Endoscopy Devices market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the China Endoscopy Devices market.

The report has 150 tables and figures browse the report description and TOC:
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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The China Endoscopy Devices Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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