Endoscopy Market Analysis, Industry Outlook, Current Trends and Forecast by 2024
Category: #health  By Partha Ray  Date: 2019-08-07
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Endoscopy Market  Analysis, Industry Outlook, Current Trends and Forecast by 2024

Endoscopy Market will exceed USD 40 billion by 2024; as per a new research report. Increasing prevalence of gastrointestinal diseases such as Crohns diseases, peptic ulcers, viral hepatitis has positively influenced growth of endoscopy industry. Development of innovative endoscopy devices by integrating advanced technology will escalate adoption rate over other conventional devices.

The newly developed endoscope allows visualization of inner most lining of the gastrointestinal tract. Integration of such new technology in the endoscopy devices has reduced the mortality rate in the people suffering from chronic diseases especially cancer. However, lack of skilled endoscopists and physicians for carrying out endoscopic procedures will hinder industry growth during the forecast period.

Endoscopes segment dominated the overall market in 2017 and is expected to witness more than 6.5% growth over the forecast timeline. Increasing geriatric population susceptible to suffer from various diseases is major growth driving factor endoscopes segment growth. Furthermore, technological advancements in endoscopy devices enabling accurate diagnosis and enhanced endoscopic surgical performance will favor business growth. Modifications in endoscopes that allow detailed examinations of tumors will propel segment growth over the coming years.

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Germany endoscopy market will exceed USD 2.6 billion by 2024 due to development of new endoscopy devices leading to increased adoption rate of these devices. Modifications and development in devices, increasing geriatric population and rising incidences of chronic conditions will drive Germany endoscopy market.

Major industry players operating in endoscopy market are B.Braun, Boston Scientific, Conmed Corporation, Cook Medical LLC, Ethicon US, LLC, Fujifilm Corporation, Hoya Corporation, Storz, Medtronic, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC and Stryker. The competitors are launching new endoscopy devices to consolidate their market position.

Acquisitions and mergers one of the major strategies adopted by industry leaders will create lucrative growth opportunities for companies operating in endoscopy industry. For instance, in April 2015, Boston Scientific Corporation signed an agreement for acquiring Xlumena, Inc., engaged in developing minimally invasive devices for Endoscopic Ultrasound (EUS). The strategy aimed at expanding endoscopy product portfolio of the company.

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Table of Content:

Chapter 1. Methodology

Chapter 2. Executive Summary

Chapter 3. Endoscopy Industry Insights

Chapter 4. Endoscopy Market, By Product

Chapter 5. Endoscopy Market, By Application

Chapter 6. Endoscopy Market, By Region

Chapter 7. Company Profiles

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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