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Endoscopy Market worth over $40 bn by 2024

Endoscopy Market size is set to exceed USD 40 billion by 2024

Toshitbhat
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Endoscopy Market worth over $40 bn by 2024

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  1. Endoscopy Market growth outlook with industry review and forecasts Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Endoscopy Market : • Endoscopy Market size is set to exceed USD 40 billion by 2024; according to a new research report by Global Market Insights. • Increasing geriatric population in developing countries such as Japan, China & India will act as highly impacting factor for endoscopy market growth. Elderly people are highly susceptible to suffer from chronic conditions due to poor immunity thereby leading to increase in demand for minimally invasive endoscopy procedures. According to National Home Infusion Association (NHIA), nearly 92% of elderly people suffer from at least one chronic disease while 77% suffer from 2 or more chronic diseases thereby accelerating endoscopy business growth. • Rising incidences of gastrointestinal diseases such as constipation among geriatric and pediatric population will stimulate industry growth over the forecast period. Development of innovative endoscopy devices have resulted positively in adoption rate of these devices.

  3. Continued... • Development of cost-efficient disposable endoscope has promoted ease and convenience for performing endoscopy procedures that has enhanced market growth in developing economies such as China. However, dearth of skilled endoscopists and physicians to perform endoscopy procedures will hinder growth of endoscopy market over the forecast period. • Endoscopes accounted for largest revenue share in 2017 due to rising prevalence of chronic conditions such as cancer and gastrointestinal ailments coupled with technological advancements in endoscope enabling minimally invasive endoscopic surgery. Minimally invasive procedure offers several benefits including reduced hospital stays, less blood loss due to smaller incisions, lower risk of long-term surgical scars, faster recovery and higher patient outcomes, thus fueling industry growth.

  4. Browse Full Market Research Report On Endoscopy Market @ https://bit.ly/2MxT75V Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/2655

  5. 360° Analysis • Application Trends • GI endoscopy accounted for over 40.0% market share in 2017 and is anticipated to continue dominating the industry over the upcoming years. Escalating burden of gastrointestinal disorders, leading to increased demand for upper as well as lower GI endoscopy procedures will drive segment growth. • Regional Trends • North America endoscopy market held largest market share in 2017 and is anticipated to witness robust growth during the forecast period due to high technological adoption and growing geriatric population susceptible to various infections. High preference shown by geriatric patient population towards non-invasive surgical procedures have enhanced North America endoscopy market growth. • Competitive Market Share • Major industry players operating in endoscopy market are B.Braun, Boston Scientific, Conmed Corporation, Cook Medical LLC, Ethicon US, LLC, Fujifilm Corporation, Hoya Corporation, Storz, Medtronic, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC and Stryker.

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