According to the latest report published by Credence Research, Inc., "Endoscopy Devices Market – Growth, Future Prospects and Competitive Analysis, 2016-2022," the market for endoscopy devices was valued at USD 22.6 billion in 2015 and is expected to reach USD 36.5 billion by 2022, increasing to CAGR by 7% from 2016 to 2022.
Market Insights
The global market for endoscopy devices is projected to grow at 7 per cent CAGR during 2016-2022. Growing incidence of gastrointestinal conditions and colon cancer and high demand for minimally invasive surgery significantly contribute to the growth of the market for endoscopy devices. The availability of favorable refund policies for endoscopic procedures also contributes to the increased adoption of endoscopic devices.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/endoscopy-devices-market
The market for minimally invasive diagnostic and therapeutic procedures will also be driven by the market for endoscopy devices. Minimally invasive procedures offer advantages such as minimal scarring, shorter hospital stays, fewer postoperative complications, thus reducing overall procedural costs. As a result, minimally invasive surgeries are increasingly taking place worldwide. The geriatric population is at higher risk for diseases such as gastrointestinal conditions, ophthalmic diseases, GI cancer, orthopedic diseases and others. As the number of such cases increases, the demand for endoscopy devices is expected to grow accordingly.
Surgical intervention devices will together have the largest market share in the forecast period. Endoscopic visualization systems will have a significant position in the overall market for endoscopic devices, as they are responsible for process imaging. Products such as capsule endoscopes will undergo the fastest growth on the market. Asia-Pacific is the fastest growing market in the region. Market growth in this region is mainly facilitated by growing medical tourism, the rapid development of healthcare infrastructure and the increasing popularity of minimally invasive surgical procedures.
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/57868
Report Scope by Segments
By Type
- Rigid Endoscopes
- Laparoscopes
- Urology Endoscopes
- Gynecology Endoscopes
- Arthroscopes
- Cytoscopes
- Neuroendscopes
- Other Rigid Endoscopes
- Flexible Endoscopes
- Colonoscope
- Gastroscopes
- Bronchoscopes
- Sigmoidoscopes
- Laryngoscopes
- Pharyngoscopes
- Duodenoscopes
- Nasopharyngoscopes
- Rhinoscopes
- Other Flexible Endoscopes
- Endoscopy Visualization Systems
- Endoscopic Reprocessors
- Capsule Endoscopes
- Endoscopy Fluid Management Systems
- Other Instruments
- Biopsy Forceps
- Fine Aspiration Needles
- Polypectomy Snares
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
