As per the Endoscopy Devices Market research by Fact.MR – a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Endoscopy Devices Market increased at around 7.6% CAGR.
Some of the reasons driving market expansion include the increased frequency of age-related disorders and the rising need for endoscopic devices in therapeutic and diagnostic operations. The use of such equipment in the treatment and diagnosis of a variety of health conditions is advantageous as it allows for less intervention, thus reducing recuperation time.
Globally, the geriatric population is growing, making this age group increasingly vulnerable to medical disorders requiring endoscopic intervention, such as pelvic abscess, liver abscess, endometriosis, gall stones, and intestinal perforation.
The growing preference for less invasive procedures, the increased acceptance of endoscopes for treatment and diagnostics, and technical improvements resulting in better applications are the primary factors driving the market’s rise. However, the market’s expansion is hampered by scarcity of qualified technicians and infections induced by a paucity of endoscopes.
Endoscopy enables procedures on more frail patients, such as the elderly, as well as the treatment of more difficult diseases like cancer. Reduced post-operative pain and problems, rapid recovery, lighter anaesthetic, and a shorter hospital stay are all advantages of endoscopy devices.
Minimally invasive procedures have been developed in surgery, interventional radiology, and advanced endoscopy to effectively treat a variety of disorders and improve patients’ postoperative results. The growing concern for less invasive treatments among the elderly population, along with the increasing occurrence of chronic ailments worldwide, have boosted the demand for endoscopic devices. Owing to this, Endoscopy Devices Market is projected to grow at a CAGR of 9.0% over the coming 10 years.
Key Points Covered in Endoscopy Devices Market Survey:
Market Estimates and Forecasts (2017-2032)
Key Drivers and Restraints Shaping Market Growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Market Share Analysis
COVID-19 Impact on Endoscopy Devices Market and How to Navigate
Recommendation on Key Winning Strategies
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583 E-Mail: firstname.lastname@example.org
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
The On Board Units (OBU) market refers to the market for devices that are installed on vehicles to provide communication, navigation, and tracking services. OBUs are typically used in commercial transportation, including trucks, buses, and trains, as well as in fleet management and logistics operations. These devices are equipped with various technologies such as GPS, cellular, and satellite commu...
The Europe tire shredder market refers to the market for tire shredders in Europe. Tire shredders are machines that are used to shred scrap tires into smaller pieces, which can be used for a variety of applications including fuel for cement kilns, landscaping mulch...
The Europe trash compactor market refers to the market for trash compactors in Europe. A trash compactor is a machine that is used to compress waste material, reducing its volume and making it easier to transport. Trash compactors are widely used in commercial, ind...
The scrubber dryer market refers to the industry involved in the production and sale of cleaning equipment known as scrubber dryers. These machines are used for cleaning and maintaining floors in various settings such as commercial, industrial, and residential buil...