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Endotherapy Devices Market Analysis by Growth, Size, Application, Demands and Business Outlook 2030
Endotherapy devices market accounted for $3,369 million in 2017, and is expected to reach $5,015 million by 2024, registering a CAGR of 5.9% from 2018 to 2024. North America is the highest contributor in the global endotherapy devices market in 2017; however, Asia-Pacific is expected to witness the highest growth rate during the forecast period.๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Stryker Corporation, FUJIFILM Holdings Corporation, KARL STORZ GmbH & Co KG, Medtronic Plc., Olympus Corporation, HOYA Corporation, CONMED Corporation, Boston Scientific Corporation, Smith & Nephew Plc., Johnson & Johnson (Ethicon, Inc.)
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/4669
Endoscopic therapy is treatments conducted using a small, tube-like instrument called endoscope. These are minimally invasive treatments that are commonly used to treat conditions such as appendicitis, colon polyps, peptic ulcer, gallbladder disease, and endometriosis.
Increase in prevalence of diseases that require endotherapy devices as well as technological advancements in endotherapy devices drives the market growth. Furthermore, shorter recovery time, minimal postoperative complications, and rise in patient preference for minimally invasive surgeries are projected to supplement the market growth. However, infections caused by few endotherapy, dearth of trained physicians & endoscopists, and high costs associated with endotherapy devices could hamper the market growth. Moreover, unmet medical demands and lucrative opportunities in the emerging and developing countries such as China and India offer profitable opportunities for market expansion.
Among the products, GI devices & accessories segment is the dominant segment contributing towards the growth of global endotherapy devices market in 2017 owing to the increase in incidence of gastrointestinal disorders and diseases requiring the use of GI endotherapy.
Hospitals are expected to maintain its lead in the overall end user of the endotherapy devices market, due to the availability of diverse endotherapy services and favorable reimbursement policies. Most hospitals are well equipped with technologically advanced endoscopic facilities in the developed economies.
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