The Endoscopy Devices And Equipment Market Research Report 2020 to 2030 presents an in-depth assessment of the Station Endoscopy Devices And Equipment It provides the industry overview with market growth analysis with a historical & futuristic perspective considering the following parameters; cost, revenue, demands, and supply data (as applicable). The bottom-up approach was used to estimate the global market size of Station Endoscopy Devices And Equipment based on end-use applications in the various regions, in terms of USD million. The report covers the historic growth of the market, the impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Endoscopy Devices And Equipment investments from 2020 to 2030.
Top Companies in the Global Endoscopy Devices And Equipment Market
Olympus Corporation, Fujifilm, Boston Scientific Corporation, CONMED Corporation, Stryker Corporation, among others.
The global endoscopy devices and equipment market was valued at about $12.8 billion in 2018 and is expected to grow to $16.59 billion at a CAGR of 6.7% through 2022.
The endoscopy devices and equipment market consists of sales of endoscopy devices and equipment which are used to diagnose diseases or examine the interiors of organs.
Get Sample PDF Copy of Latest Research on Endoscopy Devices And Equipment Market 2020 Before the purchase
The rise in incidence and prevalence rates of gastrointestinal (GI) diseases is driving the endoscopy devices and equipment market. The increasing incidence of gastrointestinal diseases such as colorectal cancer, gastroesophageal reflux disease, ulcerative colitis (UC), inflammatory bowel disease (IBD), and Crohn’s disease (CD) are supporting the endoscopy devices and equipment market. The endoscopy devices are used in performing non-invasive or minimally invasive surgical procedures to treat life-threatening diseases. Asian countries have the highest prevalence rates of gastrointestinal diseases such as cancer. In 2016, according to World Cancer Research Fund, the annual ranking of Asia-Pacific countries with the highest incidence of stomach cancer are Korea, with every 42 persons per 100,000 suffering from cancer, Japan with 30 per 100,000 and China with 23 per 100,000 ranked as 1, 3, and 5 respectively. Due to the rising prevalence of GI diseases, developing countries are experiencing high demand for minimally invasive surgical procedures, increasing the demand for endoscopy devices.
Regulatory changes are likely to increase costs related to new product development and service offerings to clients. These changes are related to customer data protection such as the European Union’s General Data Protection Regulation (GDPR), changes to equipment approval procedures and other regulatory changes. For instance, according to a report by Ernst and Young (EY) in 2018, Fortune 500 companies are spending $7.8 billion to comply with GDPR regulations. The GDPR regulation is an EU law on data protection and privacy of individuals residing in the European Union and the European Economic Area (EEA). It also regulates the export of personal data outside the EU and EEA areas. Additionally, the FDA is requesting more clinical data to support claims, therefore increasing the time to process 510(k) by over 55% over the last decade. The potential loss of revenue due to delay in product release and additional costs incurred due to stringent approval processes puts a strain on investments relating to new product development, thereby affecting the growth of the market.
Companies in the endoscopy devices and equipment market are increasingly developing endoscopy robotic systems as they are more flexible, effective than conventional endoscopy devices. These robotic endoscopy devices help in eliminating difficulties in therapeutic endoscopy, expanding endoscopy vision and reach, reducing labor intensity, improve communication, reach, vision, control, and the ability to perform an endoscopy. These devices are used in gastrointestinal surgeries, urology/gynecology surgeries, ENT surgeries, cardiovascular surgeries, neuro/spinal surgeries, laparoscopy surgeries, and arthroscopy surgical applications. In 2018, Medineering announced the use of its robotic solution-Medineering Robotic Endoscopy. Furthermore, companies such as Johns Hopkins, Auris Health, a subsidiary of Johnson & Johnson, and Intuitive Surgical, are investing and developing advanced endoscopy devices through flexible robotic endoscopy.
By Product: Endoscope, Endoscopy Operative Devices, Endoscopy Visualization Systems
By Application: Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal endoscopy, Obstetrics/gynecology endoscopy, ENT endoscopy, Others
By End-User: Hospitals, Clinics, Others
The report has 150 tables and figures browse the report description and TOC
Regions Are covered By Endoscopy Devices And Equipment Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Endoscopy Devices And Equipment Market
-Changing Endoscopy Devices And Equipment market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Endoscopy Devices And Equipment market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Endoscopy Devices And Equipment Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Endoscopy Devices And Equipment market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
Market Insights Reports is an online market research reports library of 500,000 in-depth studies of over 5000 micro markets. Market Insights Reports offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food, and beverages, water, advanced materials, and much more.
Press Release Distributed by Xherald