Endoscopy Equipment Market to Reach a Value of US$33.5 Billion by 2022, Says TMR

Monday, December 3, 2018 General News
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ALBANY, New York, December 3, 2018 /PRNewswire/ --

As per the TMR reports, the global endoscopy equipment market

is prognosticated to reach a valuation of US$33.5 bn by 2022. The market is presumed to exhibit a promising CAGR of 4.0% within the forecast period of 2017 to 2022. As per the classification by application, the endoscopy
equipment market is seen to be dominated by the gastroenterology segment owing to the increase in popularity of gastric problems all around the globe.

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As per the geographical segmentation, the market is projected to be dominated by North America with an expected rise of revenue from US$9.9 bn in 2017 to US$12.3 bn by the end of 2022.

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Increasing Number of Gastroenterological Diseases to Boost Market Growth 

The surge in the use of endoscopic equipment for diagnosis of all kinds of gastroenterological disorders is also expected to boost the market at a global level. Another factor expected to boost the global market for endoscopy equipment is the rising investments in healthcare and medical sector for their enhancement is among the key driver to boost the overall market growth. Both the government and non-government agencies are putting efforts to set up better healthcare infrastructures in order to suffice to the medical needs of people.

Developing countries like that of New Zealand, Australia, India, China, and Japan are also presumed to increase the revenue generation of the endoscopy equipment market during the forecast period by creating better infrastructure and medical facilities in terms of treatment. The emergence and popularity of ultra-modern healthcare facilities are also creating lucrative opportunities for the overall market for endoscopy equipment.

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High Cost of Treatment of Endoscopy to Cause Hindrance to Market Growth 

One factor that may act as a hindrance to the overall growth of the market is the high treatment cost of gastroenterology and their medication as well. The high cost of treatment may make customers to think twice before opting for such treatment. Apart from that, the emerging market for ayurvedic medicines and their guaranteed no side-effect propaganda may divert patients from opting for endoscopic treatment and instead acquire natural remedies in order to cure themselves. Due to this shift, the market for endoscopy equipment may also face loss in the years to come.

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The global endoscopy equipment market is estimated to witness notable growth in the coming years as Transparency Market Research reports. This is due to the increasing number of gastrointestinal diseases as well as cancer. The competitive landscape of the global endoscopy equipment market is seen to be fragmented due to the presence of a large number of players. Major players are putting more focus on the development of new products and their product launching in order to stay in the market and maintain a dominant place.

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Some of the prominent players of the global endoscopy equipment market are Fujifilm Holdings Corporation, Stryker Corporation, Karl Storz GmbH & Co., Smith & Nephew Plc, Karl Storz GmbH & Co., Boston Scientific Corporation, and Arthrex Inc. Major vendors are making efforts to develop new products and accelerate the overall growth of the market during the forecast period. Players are also investing more funds into research and development in order to produce better and unique results so as to improve their brand quality and give tough competition to the others.

Popular Research Reports by TMR: 

  • Endoscopy Ultrasound Market (Product - Endoscopes, Ultrasound Probes, Ultrasonic Processors, Imaging Systems, Needles, Accessories; Application - Oncology (Upper GI Oncology and Lower GI Oncology), Pancreatic Conditions; Technology - Radial Scanning, Linear Scanning; Procedure - Upper EUS, Lower EUS, EUS-guided Fine-needle Aspiration; End use - Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Diagnostic Centers):           https://www.transparencymarketresearch.com/endoscopy-ultrasound-market.html
  • Medical Device Technologies Market (Device Type - In Vitro Diagnostic (IVD) Devices, Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmology Devices, Endoscopy Devices, Diabetes Care Devices, Wound Management Devices, Kidney/Dialysis Devices, Anesthesia and Respiratory Care Devices; End-users - Academics and Research, Hospitals, Clinics, Diagnostic Centers, and Ambulatory Surgical Centers):           https://www.transparencymarketresearch.com/medical-device-technologies-market.html
  • Gynecological Devices Market (Product Type - Surgical Devices ( Endoscopy Devices (Laparoscopes, Hysteroscopes, Colposcopes, Resectoscopes, and Endoscopic Imaging Systems), Endometrial Ablation Devices (Hydrothermal EADs, Radiofrequency EADs, and Balloon EADs), Fluid Management Systems, and Female Sterilization and Contraceptive Devices (Permanent Birth Control Devices and Temporary Birth Control Devices)); Hand Instruments (Vaginal Speculum (Disposable and Reusable), Tenaculum, Curettes, Trocars, and Biopsy Forceps); Diagnostic Imaging Systems ( Ultrasound and Mammography); and Gynecological Chairs (Fixed-height Gynecological Chairs and Adjustable-height Gynecological Chairs)): https://www.transparencymarketresearch.com/gynecological-devices-market.html

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 Mr. Rohit Bhisey Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Research Blog: https://theglobalhealthnews.com/

SOURCE Transparency Market Research



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