Future of Endoscopy Equipment Market by Product 2022

1. Future of Endoscopy Equipment Market by Product 2022 Growth in the endoscopy equipment market is driven by factors such as favorable government initiatives, rising number of hospitals and growing hospital investments in endoscopy facilities, technological advancements, and rising prevalence of diseases that require endoscopy. However, the high cost of endoscopy procedures & equipment and limited reimbursement in developing countries is expected to restrain the growth of this market during the forecast period. Download FREE Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=689 The global endoscopy equipment market was valued at USD 24.32 Billion in 2016 and is projected to reach USD 34.82 Billion by 2022, at a CAGR of 6.4% during the forecast period. Base year considered for the report is 2016 and the forecast period considered for this report is 2017–2022. On the basis of product, the global market is segmented into endoscopes, visualization equipment, other endoscopy equipment, and accessories. Endoscopes are expected to account for the largest share of the market in 2017 and this segment is also estimated to grow at the highest CAGR during the forecast period. The dominant market share and growth rate of this segment can be primarily attributed to the rising adoption of minimally invasive procedures, increasing technological advancements, and disposable endoscopes and the subsequent need to repeat the purchase of these single-use products.

2. The major players in this market include Olympus (Japan), KARL STORZ (Germany), Stryker (US), Boston Scientific (US), Ethicon (US), Fujifilm (Japan), Medtronic (Ireland), Hoya (Japan), CONMED (US), Richard Wolf GmbH (Germany), Smith & Nephew (UK), Cook Medical (US), Cogentix Medical (US), and B. Braun (Germany). To Know More @ https://www.marketsandmarkets.com/Market-Reports/endoscopy-devices- market-689.html