Global Endoscopy Devices Market to be Worth US$36.9 bn by 2019, Stimulated by Novel Technologies The minimally invasive characteristics of endoscopes and their use in many surgical and diagnostic procedures will play a pivotal role in the growth of the global endoscope devices market in the coming years, says Transparency Market Research. A report published by the market intelligence firm, titled, Endoscopy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,� states that the market will be worth about US$36.9 bn in 2019, rising considerably from its 2012 valuation of US$24.9 bn. This translates to a CAGR of 6.8% between 2013 and 2019. The demand for minimally invasive endoscopy devices is rising around the world due to the capability of these devices to reduce chances of infection and blood loss. Furthermore, this feature of endoscopy devices facilitates a shorter stay at hospitals due to a quicker recovery, fuelling their demand further among consumers.
The global endoscopy devices market will be driven by a number of trends. The rising investment inflow is projected to have a positive impact on the global endoscopy devices market. Furthermore, the growing number of mergers and acquisitions will also contribute to the growth of the market. In addition to this, technological advancements are offering a wider scope of application of endoscopy devices, further driving the global endoscopy devices market. The global endoscopy devices market will also benefit from the rising disease prevalence. Although the global endoscopy devices market will expand by billions of dollars, it will be restrained by many major factors. The high cost associated with many endoscopy devices will suppress the global endoscopy devices market. These high costs tend to make endoscopy devices unaffordable to the population in developing nations, restraining the global endoscopy devices market. In addition to this, the shortage in supply of trained surgeons has a negative impact, reducing the customer base in the global endoscopy devices market and further constraining the market. By device type, the global endoscopy devices market is divided into high definition (HD) visualization systems (2D and 3D), visualization systems (ultrasound and SD), and operative devices (energy systems, irrigation systems, operative hand instruments, access devices, and others), and endoscope (robot assisted, capsule, flexible, and rigid endoscope).
Browse Full Research Report on Endoscopy Devices Market: http://www.transparencymarketresearch.com/endoscopy-devices-market.html Among these types, capsule endoscopes and robot-assisted endoscopes are shaping the dynamics of the global endoscopy devices market positively. Capsule endoscopes deliver high-quality pictures of the gastrointestinal track to external receivers, making the diagnosis of gastrointestinal conditions more accurate. Region-wise, the global endoscopy devices market is divided into Asia Pacific, Europe, North America, and Rest of the World (RoW). Presently, North America dominates the global endoscopy devices market due to the presence of well-equipped and better-financed healthcare institutions. Nevertheless, the ongoing developments in the APAC region’s healthcare sector and the growing healthcare awareness among consumers will provide good growth opportunities for players operating in the market. Players in the global endoscopy devices market will benefit from the market expansion opportunities presented by the APAC region. One of the leading players in the market, Given Imaging, acquired by Covidien, represents a share of nearly 85% in the global endoscopy devices market. Some of the key players operating in the global endoscopy devices market are Stryker Corporation, Richard Wolf, Olympus, HOYA, Covidien, Cook Medical, and Boston Scientific.
Browse Full Press Release on Endoscopy Devices Market: Press Release
About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com