Global Endoscope Market - Analysis and Forecast (2019-2024)

1. Global Endoscope Market

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3. Global Endoscope Market The global endoscope market was valued at USD 21.3 billion in 2018. The market is growing due to the increasing inclination for MIS (minimally invasive surgeries), extensive geriatric population and extensive occurrence of diseases necessitating endoscopy for treatment and diagnosis. Increasing number of cases of various surgeries is bolstering the demand for various endoscope in healthcare domain such as it is rampantly being utilised for various processes such as cystoscopy, laparoscopy and bronchoscopy. Additionally, endoscope enables enhanced recovery and causes fewer traumas to patients in comparison to open invasive surgeries. An endoscope is a medical device that comprises of a light attached with it and is rapidly being used for searching organ or body cavity inside a body. This device is being inserted with the bronchoscopy. Furthermore, a medical technique that adopts and uses any form of endoscope is known as endoscopy. Additionally, evolution of market with several product launches is the key trend that is anticipated to uplift the growth of global endoscope market at rapid pace.

4. Global Endoscope Market Excessive numbers of cases pertaining to chronic diseases along with upliftment in geriatric population are the key factors that are anticipated to drive the growth of global endoscope market. Worldwide geriatric represent vast heterogeneous population with increasing number of cases of disability and health disease as compared to other population group as a result to which custom-made methodologies pertaining to clinical research and recommendations become essential. Additionally, endoscopy is non-surgical that helps in tracking individual’s digestive tract that is considered to be safer option for elders. Moreover, technological progressions being undertaken in medical domain is further anticipated to drive the growth of global endoscope market. More and more technological upliftment in this device can assure less risk and will aim at providing concerns of elder population routinely while dealing with common gastrointestinal concerns.

5. Global Endoscope Market Endoscope market in North America is anticipated to generate largest revenue by 2024 due to the increasing existence of target diseases along with increasing elderly population in the region and excessive demand for minimally invasive therapies. Additionally, increasing adoption of technologically advanced products such as endoscopes comprising of robot-assisted for surgical techniques and diagnostic is further bolstering the growth of global endoscope market. Moreover, endoscope market in Asia-Pacific is anticipated to witness highest CAGR during the forecast period owing to the increasing demand for endoscopes in countries such as China and India that are witnessing high economic growth rate and increasing number of patients that are suffering from various types of diseases such as cancer. Improved healthcare infrastructure along with development of technologically progressive diagnostic therapies is other factors that are driving the growth of endoscope market in Asia-Pacific.

6. Global Endoscope Market The eminent key players in the global endoscope market are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe. Some of the major players operating in the global endoscope market are Olympus Corporation, Smith & Nephew PLC., Fujifilm Holdings Corp., Karl Storz GmbH & Co. KG, Medtronic plc, Pentax Medical Company (Hoya Corporation), Fibertech Incorporation, Stryker Corporation, Cantel Medical Corp., B. Braun Melsungen AG, Maxer Endoscopy GmbH, GI Supply Inc., and SMART Medical Systems Ltd.

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