According to the latest report published by Credence Research, Inc. “Endoscopy Devices Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the endoscopy devices market was valued at USD 22.6 Bn in 2015, and is expected to reach USD 36.5 Bn by 2022, expanding at a CAGR of 7% from 2016 to 2022.
The global endoscopy devices market is anticipated to grow at a CAGR of 7% during 2016-2022. Growing incidence of gastrointestinal conditions and colon cancer and high demand for minimally invasive surgeries significantly contribute to the growth of endoscopy devices market. Availability of favorable reimbursement policies for endoscopic procedures also contribute to the increased adoption of endoscopy devices.
Browse the full report Endoscopy Devices: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 report at http://www.credenceresearch.com/report/endoscopy-devices-market
Demand for minimally invasive procedures for both diagnostic and therapeutic applications will also drive the endoscopy devices market. Minimally invasive procedures offer advantages such as minimal scarring, shorter hospital stay, less post-operative complications, thus reducing the overall procedural cost. Hence, minimally invasive surgeries are being increasingly adopted worldwide. Geriatric population is at a higher risk of diseases such as gastrointestinal conditions, ophthalmic diseases, GI cancer, orthopedic diseases and others. With the growth in the number of such cases, the demand for endoscopy devices is anticipate to grow correspondingly.
Devices for surgical interventions will together have the largest market share through the forecast period. Endoscopic visualization systems will have a significant position in the overall endoscopy devices market, as these devices are responsible for procedural imaging. Products such as capsule endoscopes will undergo the fastest market growth. Asia-Pacific is the fastest growing regional market. The market growth of this region is primarily facilitated by growing medical tourism, rapid development of healthcare infrastructure and growing popularity of minimally invasive surgical procedures.
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Web: Credence Research
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: Send Email
Address:105 N 1st ST #429
City: SAN JOSE
Country: United States