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(Medical-NewsWire.com, November 15, 2017 ) Endoscopy has become a popular tool for diagnosis as well as for minimally invasive surgical procedures. With the increasing incidences of gastrointestinal diseases and cancers of the stomach and digestive tract, endoscopy is the most widely used procedure and the driver to the endoscopy device and equipment market. According to the latest findings, the rapid growth of the healthcare sector in developing economies in Asia Pacific except Japan (APEJ) is likely to be a major driver for the global endoscopy equipment market in the future years. Considering the rapid growth in the market, a new research study titled “Endoscopy Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” has been prepared and now broadcasted to the massive repository of Market Research Hub (MRH). The research study is titled as “Endoscopy Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” which provides a clear look at the various components of the market to provide a detailed overview of current scenario as well as future prospects till 2022.
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As per the research outcomes, the endoscopy equipment market has strong growth potential and is likely to offer attractive economic conditions for a range of industry players in the coming years. The study evaluates global endoscopy equipment market to be valued at more than US$27.5 bn by the end of 2017 and further rise to US$33.5 bn by 2022. At this pace, the market is likely to exhibit a solid 4% CAGR between 2017 and 2022. The steady rise in the application of endoscopy in diverse end-use diagnostic fields, growing product development scenario in the medical devices sector, and the flourishing healthcare sector in urbanized economies are the prime factors supporting growth of the endoscopy equipment market.
This report also studies the competitive dynamics and geographical distribution of the global endoscopy equipment market in order to elucidate the major dynamics affecting the global market. It has been analyzed in the study that the endoscopy equipment market is likely to benefit from growing product development trend significantly in the coming years due to the rising number of players looking to carve out a significant share of the market, which has served to boost competition. In order to understand the geographical presence of the endoscopy equipment market, the report studies market’s performance in North America, Latin America, Europe, Asia Pacific except Japan, Japan, and the Middle East and Africa.
Moreover, the research broadly categorizes global endoscopy equipment into leading segments of product type, application and end use. By product type, the global endoscopy equipment market is segmented into endoscopes, operative devices, visualization systems, and others. On the other hand, key end users include hospitals, diagnostic centers, specialized clinics, and others. Leading applications of endoscopy equipment include gastroenterology, pulmonology, otorhinolaryngology, gynecology, respiratory tract monitoring, urology, orthopedics and others. Of these, Gastroenterology is the leading application of endoscopy equipment and has gained increased demand.
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Later, the report covers detailed competitive view that includes market share and profiles of crucial players operating in the global market. Leading endoscopy equipment producers analyzed in the report include Arthrex Inc., Stryker Corporation, Karl Storz GmbH & Co. KG, B. Braun Melsungen AG, Boston Scientific Corporation, Olympus Corporation, Cook Medical Inc., Smith & Nephew Plc, Fujifilm Holdings Corporation, and Medtronic Plc.
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