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Global Endoscopy Devices Market is expected to reach $37.40 billion by 2021 | Market Data Forecast

 



(MoneyNewsWire.Net, June 06, 2017 ) The Global Endoscopy Devices Market was worth $26.91 billion in 2016 and estimated to be growing at a CAGR of 6.80%, to reach $37.40 billion by 2021. Endoscopy is a technology that has altered the viewpoint of identifying diseases and the way surgeries were achieved previously and are receiving attention across the world.



Browse market data tables and in-depth TOC of the Global Endoscopy Devices Market to 2021 @ http://www.marketdataforecast.com/market-reports/global-endoscopy-devices-market-721/



Endoscopy consists of methods which are cost-effective ensuing in fewer complications post-surgery and negligible scars in the body. These surgeries also decrease the length of stay of the patient at the hospital. Devices such as endoscopes, visualization systems, and operative devices give direct insight inspection of the organs, unlike other medical imaging tools.



The growth of the Global Endoscopy Devices Market is mainly driven by factors such as growing number of hospitals, increasing investments, and grants by administration bodies worldwide. In addition, growing patient predilection for minimally invasive operations, technological advancements, favourable reimbursement coverage in selected countries, growing geriatric population are some of the other important factors contributing towards the market growth. However, lack of skilled operators and diseases acquired from unsterilized endoscopes are hindering the growth of the market.



Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/global-endoscopy-devices-market-721/request-sample



The Global Endoscopy Devices market is segmented based on product and application. The market for Endoscopy Devices, on the basis of product, is segmented into Endoscopes, Visualization Systems, other endoscopy Equipment, and Accessories. Endoscopes are further segmented into flexible, rigid, and capsule endoscopes. On the basis of Application, the global Endoscopy Devices market is segmented into Laparoscopy, Bronchoscopy, GI Endoscopy. The endoscopes segment accounts for the largest share of the market in 2015. This is attributed to the invention of technologically innovative endoscopes by manufacturers and increased public awareness.



The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Currently, North America leads the global Endoscopy Devices market with nearly half of the share followed by Europe. However, The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to reasons such as an increase in demand for less invasive surgeries.



Avail discount @ http://www.marketdataforecast.com/market-reports/global-endoscopy-devices-market-721/request-discount



Owing to the speedy progress of the market in the use of endoscopes, medical device firms that are able to launch new innovative devices will be rewarded with high gains. The major companies dominating the Endoscopy Devices market are Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation.



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