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
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