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Endoscopy Devices Market Growing Strongly to touch US$36.9 billion by 2019 Countries due to High Demand for Accurate and Minimally Invasive Surgeries
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Quick recovery, no blood loss, and reduced hospital stay are important factors determining the success of endoscopy market. Various advances in endoscopy technology such as development of high definition (HD) and 3D visualization technologies, miniaturization of components, and wireless technology made diagnosis and surgeries even easier. Capsule endoscopy and robot assisted endoscopy procedures have further revolutionized the market for endoscopy devices. The endoscopy devices market also comprises of operative devices which are further categorized in energy systems, suction/irrigation systems, access devices, operative hand instruments and others while visualization systems include ultrasound devices, HD systems and standard definition (SD) systems. HD and SD systems being further segmented into 2D and 3D systems. Ethicon Endo-Surgery leads the global endoscopy devices market, followed by Covidien and Olympus respectively.
On the geographical front, the worldwide market for endoscopy devices has been classified into North America, Asia Pacific, Europe, and the Rest of the World. North America, among these, has been leading the global market on account of an advanced medical and healthcare infrastructure, together with well-equipped and cost-efficient hospitals and medical facilities. The presence of a favorable reimbursement scenario is also supporting the growth of this regional market significantly.
Analysts predict the escalating usage of technically advanced instruments in the detection and treatment of various diseases is likely to impact on the demand for endoscopy devices greatly in North America, ensuring the region’s lead in the near future. The growing acceptance of innovative medical approaches is also expected to propel the North America market for endoscopic devices in the years to come.
Other regional markets are also anticipated to register a healthy rise in their shares over the next few years. Asia Pacific, specifically, is witnessing a tremendous surge in the demand for these devices due to the presence of abundant untapped opportunities, increasing awareness among consumers, and the technological advancement in medical imaging devices.
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