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Endoscopy Device Market - Insights

Endoscopy Device or Neuro-endoscopy is a minimally invasive neurosurgical procedure performed to correct hydrocephalus, remove tumors, treat vascular disease, and manage other disorders. Neuro-endoscopic procedures commonly result in less pain, less scarring than craniotomy (open surgery), and shorter recovery times.

Growing prevalence of brain tumors worldwide is driving the market growth, escalating the market to the global platform.  Introduction of the novel medicines & therapies that can give the improved outcomes, provides impetus to the growth of the market.

Undoubtedly, technological advancements transpired into the field of medical science is also a predominant factor propelling the market growth. Seminal efforts & investments put into the development of innovative surgical procedures, by the majority of market players are driving the market growth. Favorable reimbursement policies are playing a significant role, fostering the market growth to an extent.

On the flip side, factors such as low awareness among people about benefits of Neuro endoscopy, along with the high manufacturing cost of the devices & medicines used in the procedure which eventually increases the cost of the surgical procedures, are some of the key factors obstructing the market growth.

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Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) in its recently published study report asserts that the global Endoscopy Device market will grow exponentially by 2023, posting a CAGR of 5.2% during the forecast period of 2017–2023.

Endoscopy Device Market - Major Players

Some of the key players in Endoscopy Device Market are

  • Cogentix Medical
  • Integrate Endoscopy
  • J&J services Inc.
  • Shaili Endoscopy
  • Interscope Inc.
  • Cantel Medical
  • Micro-Tech Endoscopy
  • Cognetix
  • Stryker
  • Olympus
  • Karl Storz Gmbh co. Kg
  • Fujifilm
  • Pentax medical
  • Richard Wolf

Industry News:

June 11, 2018 – World’s Advanced Saving Project (WASP - Italy), a leading global 3D Printer Manufacturer engaged in developing 3D printing devices launched a new Digital Orthopedic Laboratory in Syria.

Professional mechanical and technical experience of several matured physicians, the specialist in Medicine and Surgery, and neurosurgeon, experts in cerebral neuro-endoscopy is used to develop the WASP system and help those in need.

Endoscopy Device Market - Key Findings

  • The Global Endoscopy Device Market is expected to reach USD 42,342.4 million by 2023 at a CAGR of 6.3%
  • Flexible endoscopes segment market is expected to command the largest market share about 28.2%. However capsule endoscopes are expected to grow at the fastest CAGR of 6.9% during the forecast period 2017-2023
  • The Americas holds the largest share of the endoscopy device market and is expected to reach USD 15,186.1 million by 2023
  • Asia Pacific is the fastest growing market, which is growing at a CAGR of 6.8% 2017-2023

Endoscopy Device Market - Segmentation

The Global Endoscopy Device Market is segmented on the basis of type, therapy, treatments & procedures, application, accessory & processors, and end user.

On the basis of type, it is segmented into flexible endoscopes, rigid endoscopes, capsule endoscopes, surgical endoscopes, and robot-assisted endoscopes.

On the basis of therapy, it is segmented into colonoscopy, gastroscopy, arthroscopy, laparoscopy, sigmoidoscopy, endoscopic retrograde cholangiopancreotography, ureteroscopy, and cystoscopy

Endoscopy Device Market - Regional Analysis

The Americas led by the U.S. dominate the market owing to the presence of large healthcare expenditure, and excellent reimbursement. Europe accounts for the second largest market owing to an emphasis on diagnosis, large healthcare expenditure, and increasing prevalence of cancer. As per Organization for Economic Co-operation and Development (OECD), Germany spent 11 % of the total GDP on healthcare in 2015. 

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The Asia Pacific is the fastest growing market owing to expanding economies of countries like India and China. Asia Pacific is the fastest growing market, which is growing at a CAGR of 6.8 % from 2017 to 2023

The Middle East & Africa is expected to hold the least market share due to poor development of healthcare, and economy. The Middle East and Africa region are expected to be dominated by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact: 

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sumit.choudhari@marketresearchfuture.in

Published: about 1 month ago by sumitchoudhari7777.

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