Endoscopy Device Market Evaluated to Thrive by 2023

The report for Endoscopy Device Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
The global Endoscopy Device Market is expected to grow at a CAGR of 6.3% during the forecast period 2017-2023.
An endoscopy is a procedure that allows physicians or surgeons to look interior parts of the organ. The technique is used for both diagnostic and therapeutic purpose. To perform endoscopy a specialized instrument is used named as endoscope. Various types of endoscopes and adoption of endoscope depends upon the affected body organ, for instance, bronchoscopes are used for lungs related problem, arthroscopes are preferred for problems associated with joints, and many others. Other instruments required during an endoscopic procedure includes biopsy forceps, cytology brush, flexible forceps, trocar sleeves, etc. For therapeutic purpose, the endoscopes are either attached or passed through surgical instruments to perform particular surgery. Endoscopic surgery is a type of minimally invasive surgery in which an endoscope is inserted in the body through small incisions to examine the internal organs.
Rising prevalence of chronic diseases, advancing endoscopy technology, and increasing funding and reimbursement towards screening and treatment with endoscopic techniques are promoting the growth of the global endoscopy devices market. Additionally, increasing popularity of minimally invasive surgery is also creating a huge scope for the growth of market.
As per the study suggested by American Cancer Society, 90% colorectal cancer (CRC) cases are detected in individuals with over 50 years in the U.S and colonoscopy is the most effective and the most commonly adopted procedure for the diagnosis and screening of CRC in older population. Moreover, the increasing geriatric population across the globe has a direct impact on endoscopic devices market. As older adults are more vulnerable towards health issues such as ophthalmic diseases, gastrointestinal problems, orthopedic diseases, cancer, and many others due to lower immunity, which in turn, complicate the diagnostic and therapeutic options.
According to the WHO, it is estimated that the world’s population aged over 60 years will nearly double from by 2050. In the U.S, more specifically, more than 20% of the total population will be aged 65 years or over by 2030
However, on the other hand, infections and complications caused by endoscopy devices may hamper the market growth.
Get Sample copy at https://www.marketresearchfuture.com/sample_request/1967 .
Some of the key players in this market are Cogentix Medical, Integrate Endoscopy, J&J services Inc, Shaili Endoscopy, Interscope Inc., Cantel Medical, Micro-Tech Endoscopy, Cognetix, Stryker, OLYMPUS, KARL STORZ Gmbh & Co. KG, FUJIFILM, PENTAX MEDICAL, and RICHARD WOLF.
Key Findings
• The global endoscopy device market is expected to reach USD 42,342.4 million by 2023 at a CAGR of 6.3%
• Flexible endoscopes segment market is expected to command the largest market share about 28.2%. However capsule endoscopes is expected to grow at the fastest CAGR of 6.9% during the forecast period 2017-2023
• The Americas holds the largest share of the endoscopy device market and is expected to reach USD 15,186.1 million by 2023
• Asia Pacific is the fastest growing market, which is growing at a CAGR of 6.8% 2017-2023
Segmentation
The global endoscopy device market is segmented on the basis of types, therapy, treatments & procedures, application, accessory & processors, and end user.
On the basis of type, it is segmented into flexible endoscopes, rigid endoscopes, capsule endoscopes, surgical endoscopes, and robot-assisted endoscopes.
On the basis of therapy, it is segmented into colonoscopy, gastroscopy, arthroscopy, laparoscopy, sigmoidoscopy, endoscopic retrograde cholangiopancreotography, ureteroscopy, and cystoscopy
On the basis of treatments & procedures, it is segmented into abdominal, gynecologic and pelvic organ conditions, joint and orthopedic conditions, lower gastrointestinal conditions, lung and airway conditions, upper gastrointestinal conditions, and urinary system conditions. Abdominal, gynecological, and pelvic organ conditions is further segmented into hernia repair, removal of the appendix, gallbladder, spleen, uterine fibroids, endometrial tissue, and ectopic pregnancy. Joint and orthopedic conditions is further segmented into repair of rotator cuff conditions, carpal tunnel syndrome, loose bone or cartilage, torn or damaged cartilage, tendons, and arthritis. Lower gastrointestinal conditions is further segmented into removal of colon polyps, and treatment of bleeding from the colon. Lung and airway conditions is further segmented into lung abscess, removal of a foreign object in the airway, and opening of a narrowed airway. Upper gastrointestinal conditions is further segmented into removal of polyps and foreign objects, widening of a narrowed esophagus, treatment of hypertensive lower esophageal sphincter, barrett's esophagus, and esophageal cancer. Urinary system conditions is further segmented into kidney stones.
On the basis of applications, it is segmented into gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology endoscopy, bronchoscopy, mediastinoscopy, and otoscopy
On the basis of accessory & processors, it is segmented into accessory and processors
On the basis of technology, it is segmented into video and fiber
On the basis of end user, it is segmented into critical care, gastroenterologists, general and pediatric surgeons, obstetricians-gynecologists (ob/gyns), and orthopedic surgeons.
Get Discount at https://www.marketresearchfuture.com/check-discount/1967 .
Regional Analysis
The Americas dominates the global endoscopy device market owing to the presence of strong economic condition, huge development in the healthcare domain, and focus of research institutions on updating technology for new and advanced diagnosis and treatment methods. Moreover, advanced hospitals infrastructures, and availability of skilled healthcare professional adding fuel to the growth of the market.
Europe holds the second position in the market on the basis of increasing emphasis on rapid diagnosis and treatment of cancer, and gastrointestinal diseases, changing lifestyle, increasing prevalence of cancer among geriatric population. As per Organization for Economic Co-operation and Development (OECD), Germany spent 11% of the total GDP on healthcare in 2013, which was 10.8% in 2012, which drives the growth of the market in this region.
Asia Pacific is the fastest growing market owing to more number of developing nations present in this region, for instance, countries like India and china. These countries are encouraging the growth of the healthcare domain. Furthermore, increasing patient population of cancer and gastrointestinal diseases in developing countries will directly increase the demand for various diagnosis & treatment methods, which, in turn, will boost the growth of the market.
The Middle East & Africa is expected to hold the least market share due to less availability of medical facilities, and less development in the healthcare domain. However, countries such as Qatar and Kuwait are focusing more on the healthcare domain and developing medical facilities, which will boost the market of this region.
TABLE OF CONTENTS
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
2.1 Introduction 23
2.2 Scope Of The Study 23
2.2.1 Research Objective 23
2.2.2 Assumptions 23
2.2.3 Limitations 24
2.3 Market Structure 24

3 RESEARCH METHODOLOGY
3.1.1 Primary Research Methodology 28
3.1.2 Secondary Research Methodology 29
3.1.3 Market Share Analysis 30
3.1.4 Trade Analysis 30
3.1.5 Market Pricing Approach 31

4 MARKET DYNAMICS
4.1 Introduction 32
4.2 Drivers 33
4.2.1 Rise In Prevalence Rate Of Diseases Demanding Endoscopy ( Impact Weightage – 35 %) 33
4.2.2 Development Of The Medical Devices Contract Manufacturing Industry (Impact Weightage – 20% ) 34
4.2.3 Technological Advancement In Endoscopy ( Impact Weightage – 30%) 35
4.2.4 Growing Geriatric Population Will Boost The Growth Of Endoscope Device Globally ( Impact Weightage – 15%) 36
4.3 Restraints 37
4.3.1 Infections And Complications Caused By Endoscopes Is Hampering The Market ( Impact Weightage – 60%) 37
4.3.2 Lack Of Skilled Physicians ( Impact Weightage – 40%) 38
4.4 Opportunity 39
4.5 Megatrends 39
4.6 Macroeconomic Indicators 40

5 MARKET FACTOR ANALYSIS
5.1 Porter’s Five Force Analysis 41
5.1.1 Threat From A New Entrant 42
5.1.2 Bargaining Power Of Buyer 43
5.1.3 Bargaining Power Of Supplier 43
5.1.4 Threat From Substitute 44
5.1.5 Intensity Of Competitive Rivalry 44
5.2 Supply Chain Analysis 46
5.2.1 Raw Material 46
5.2.2 Supplier 47
5.2.3 Manufacturer 48
5.2.4 Distributer 49
5.2.5 Customer 49
5.2.6 Consumer 50
5.2.7 Changes In The Supply Chain Of Endoscope Devices Industry 51
5.2.7.1 Segmentation. 51
5.2.7.2 Agility 51
5.3 Investment Opportunity Analysis 52
5.3.1 Market Size (Current And Future), Growth Rate And Profitability 52
5.3.2 Investment Risks 52
5.3.3 3Characteristics Of Reimbursement Scenario In The US 52
5.3.4 US Diagnostic Imaging Reimbursement Structure 53
5.3.5 Reimbursement Challenges 53
5.3.6 Strategy From A OEM Perspective 54
5.3.7 Market Outlook 55
5.3.8 Competitors 55
5.3.9 Projections 55
….Continued
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Akash Anand,
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

MRFR has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Our Research Analysts are eager to share their knowledge and assist you in refining market research parameters, choosing right market studies, and evaluating both the market scope and the research methodologies of varied segments.

We bridge the gap between our clients and their clients by identifying and decoding just the target group, while generating leads with the highest accuracy.

Years of research into diverse fields of work has ingrained within us, a proficiency so distinguished that our industry-specific specialists identify with your business ideas and feel the pulse of your challenges and opportunities. This enables us for providing assistance, through our consulting and strategic consulting services, in informed managerial decision making. In order to stay updated with technology and work process of the industries, WantStats Research and Media often conducts industrial visits for its research analysts. Relevant inputs from various established market participants, help our clients make significant contribution in respective markets are a huge motivation for all of us to endlessly furnish quality. We depend greatly on profound insights into complex realms of our study.

Pune, India

This release was published on openPR.