openPR Logo
Press release

Informative Report On (COVID-19 Updates) Endoscopy Devices Market Growing At A CAGR Of 4.1% And To Target $43.82 Billion By 2027

04-30-2021 11:08 AM CET | Health & Medicine

Press release from: Allied Market Research

Endoscopy Devices Market

Endoscopy Devices Market

Growth of the global endoscopy devices market is majorly attributable to rise in prevalence of gastrointestinal and pulmonary diseases. In addition, increase in adoption of innovative endoscopy devices such as capsule endoscopes and robot-assisted endoscopy along with ultra-high-definition visualization systems is anticipated to boost the market growth in the coming years.

The global endoscopy devices market was valued at $31.78 billion in 2019, and is projected to reach $43.82 billion by 2027, at a CAGR of 4.1% from 2019 to 2027.

Download Free Report Sample @ https://www.alliedmarketresearch.com/request-sample/1483

COVID-19 scenario-

1) The Covid-19 pandemic and followed by lockdown has affected several manufacturing industries.

2) The prolonged lockdown resulted in a disrupted supply chain and increased the prices of raw materials.

3) However, as the world has been recovering from the pandemic, the market is estimated to get back on track.

Increase in preference for minimally invasive endoscopic procedures and global geriatric population with ailments that need endoscopic procedures, for example, intestinal perforation, gall stones, pelvic abscess, endometriosis, and liver abscess are key factors that boost demand for endoscopy devices.

Moreover, rise in prevalence of gastrointestinal, urological, gynecological, and respiratory disorders, which necessitates endoscopic procedures for diagnosis & treatment also propels the market growth. In addition, rise in adoption of endoscope and visualization systems in healthcare settings, coupled with technological advancements also aids growth of the endoscopy devices market.

Inquire before buying @ https://www.alliedmarketresearch.com/purchase-enquiry/1483

The COVID-19 pandemic has had a major global impact on endoscopic services. Furthermore, the infection is transmitted through contact and droplets. Therefore, healthcare providers of endoscopy are facing tremendous risk during the pandemic as the spread is mainly through direct contact or aerosol droplets, and endoscopy procedures require a short physical distance between patients and personnel. A report from Hong Kong, based on experience with SARS, showed that the risk of infection is 5% for physicians, 4% for nurses, and 8% for healthcare assistants. It emphasized the importance of practicing strict isolation, infection control measures, and adherence to use of personal protective equipment (PPE). All these factors are anticipated to impact the endoscopy devices market as well in the future.

On the basis of procedure, the capsule endoscopy segment has emerged as a highly preferred technology, owing to its minimally invasive nature. It has been designated as a breakthrough in endoscopy device technology to diagnose various diseases. Despite numerous advancements in endoscopy devices, flexible endoscope is expected to maintain its lead, owing to its high precision, sensitivity, specificity, and safety as compared to others at economical costs.

Significant increase in prevalence of age-related diseases and rise in demand for endoscopy devices in diagnostic & therapeutic procedures drive the endoscopy devices market growth. Use of such devices in diagnosis and treatment of multiple conditions is essential as it enables minimal intervention, resulting in shorter recovery time.

Download Detailed COVID-19 Impact Sample Report at @ https://www.alliedmarketresearch.com/request-for-customization/1483?reqfor=covid

Geriatric population is known to be prone to medical conditions that need endoscopic procedures, such as intestinal perforation, gall stones, pelvic abscess, endometriosis, and liver abscess. According to a study by the Population Reference Bureau, number of people aged 65 years or above in the U.S. was estimated at 54.0 million in 2019, and is expected to cross 95 million by 2060. This is projected to boost demand for endoscopic procedures during the forecast period.

On the basis of product, the global endoscopy devices market is divided into the endoscope, visualization & documentation systems, mechanical endoscopy equipment, accessories, and others. The endoscope segment was the major revenue contributor in 2019, and is anticipated to continue this trend during the forecast period. This is attributed to increase in chronic diseases, rise in ageing population, and surge in adoption of technologically advanced medical devices.

By hygiene, the global endoscopy devices market is divided into single-use, reprocessing, and sterilization. The sterilization segment is projected to exhibit highest growth during the forecast period. This is attributed to the increase in demand for sterilized equipment, owing to decline in risk of cross-contamination and increase in patient safety. In addition, sterile single-use endoscopes are more cost-effective as compared to reusable endoscopy, which boosts their adoption across the globe.

Access Full Report @ https://www.alliedmarketresearch.com/endoscopy-devices-market

On the basis of end user, the hospitals segment is expected to maintain its lead in the endoscopy devices market, owing to availability of diverse endoscopy services and favorable reimbursement policies. Most hospitals are well equipped with technologically advanced endoscopic facilities in developed economies. Although endoscopic needs are largely felt in developing economies, low awareness, lack of skilled professionals, and unmet medical needs at economical cost hamper the endoscopy devices market growth in these areas.

By region, North America held largest share of the global endoscopy devices market in 2019, owing to its well-established healthcare infrastructure, surge in adoption of advanced technologies, increase in geriatric population, and rise in prevalence of gastrointestinal & abdominal diseases in the region. Furthermore, Asia-Pacific has the highest growth rate in the market. This is attributed to the improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals & ambulatory surgical centers equipped with advanced medical facilities.

The Major Key Players Are:

• HOYA Corporation
• Olympus Corporation
• Stryker Corporation
• Boston Scientific Corporation
• Fujifilm Holdings Corporation
• CONMED Corporation
• Medtronic Plc
• Karl Storz GmbH & Co. KG
• Smith & Nephew, Plc
• Johnson & Johnson
• Medrobotics Corporation.

Similar Reports:

India Disposable Gloves Market : https://www.einnews.com/pr_news/528286316/disposable-gloves-market-in-india-to-look-at-the-biggest-trends-hitting-the-industry-over-the-coming-12-months

Dermatological Drugs Market : https://www.einpresswire.com/article/528294770/dermatologicals-market-size-becoming-larger-and-massively-growing-up-with-cagr-of-10-9-acne-and-dermatitis

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Informative Report On (COVID-19 Updates) Endoscopy Devices Market Growing At A CAGR Of 4.1% And To Target $43.82 Billion By 2027 here

News-ID: 2277955 • Views:

More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529 What Are Urinary Drainage Bags? Urinary drainage bags are specialized medical devices designed to collect
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario. Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of 5.6%
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in

All 5 Releases


More Releases for Corporation

Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report. The global endotherapy devices market is projected to reach
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally. Introduction Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. Get PDF for more Professional and Technical insights
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market
Digital Living Room Market 2017 - 2025 : Sharp Corporation, BenQ Corporation, So …
Global Digital Living Room Market: Snapshot The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary