Endotherapy Devices Market Overview:
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at a CAGR of 5.9% from 2018 to 2024.
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Geriatric population is at a higher risk of diseases such as orthopedic diseases, gastrointestinal conditions, ophthalmic diseases, gastrointestinal cancer, and others. The demand for endotherapy devices is anticipated to grow correspondingly with increase in prevalence of the aforementioned cases. In addition, rise in preference for minimally invasive procedures globally is anticipated to supplement the market growth. Moreover, lower complications, minimal scarring, reduced hospital stay, and rapid recovery propels the demand for technologically advanced endotherapy devices, which in turn boosts the market growth. However, dearth of skilled endoscopic technicians, risk of infection associated with endotherapy devices, and high price of endotherapy devices restrain the growth of this market.
Product Segment Review
Based on product, the market is categorized into GI devices & accessories, ERCP devices & accessories, and others. GI devices & accessories segment is the dominant segment contributing towards the growth of global endotherapy devices market in 2017 owing to the increase in geriatric population who are at a high risk of suffering from gastrointestinal disorders requiring the use of GI endotherapy.
End users segment review
Depending on end users, the market is segmented into hospitals, clinics, and others. Hospitals is the dominant segment in the endotherapy devices market in 2017. However, clinics is expected to be the fastest growing segment during the forecast period.
Global Endotherapy Devices Market: Key Regions
As per region, the endotherapy devices market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the endotherapy devices market in 2017, and is expected to retain its dominance throughout the forecast period.
The key players operating in the global endotherapy devices market include Hoya Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Conmed Corporation Medtronic Plc., Karl Storz GmbH & Co. KG, Smith & Nephew, Plc., and Johnson & Johnson.
Other prominent players in the value chain include B. Braun Melsungen AG, Cook Medical, Siemens Healthcare, Steris Corporation, Frontier Healthcare, and Advanced Sterilization Products Services Inc.
Key Benefits
- This report entails a detailed quantitative analysis of the current market trends from 2017 to 2024 to identify the prevailing opportunities.
- Market estimations are based on comprehensive analysis of the key developments in the industry.
- The global market is comprehensively analyzed with respect to product, application, end users, and region.
- In-depth analysis based on region assists in understanding the regional market to assist in strategic business planning.
- The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market…
View full report: https://www.futureindustryinsight.com/product/endotherapy-devices-market/
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