Growing recognition of non-robotic minimally invasive surgery or endoscopic surgical procedure has boosted the worldwide endoscopic gadgets marketplace to the brand new quantity. The most important benefits related to endoscopic surgical techniques are small or no incision, brief hospital stay, much less ache, short healing time, less scarring, and reduction in blood loss.
The Global Endoscopy Device Market is expected to grow at a CAGR of 6.3% during the forecast period 2017-2023.
According to the 2014 European Union statistics, bronchoscopy and colonoscopy were the maximum common surgical procedures opted for analysis and remedy purpose in European area. The frequency of diagnostic bronchoscopies turned into higher in Croatia, while, high frequency for colonoscopy became determined within the United Kingdom, Malta, Ireland, Belgium, France, and Denmark.
On cosmetic the front, endoscopic surgical operation is also preferred to optimize beauty outcome. endoscopy-assisted breast surgical procedure (EABS) become to begin with used to facilitate breast augmentation however now this method can be used to help in sentinel node biopsy, to excise benign breast tumors, and to resect malignant breast tumors.
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Major Players in the Endoscopy Device Market
Some of the key players in this market are Cogentix Medical, Integrate Endoscopy, J&J services Inc, Shaili Endoscopy, Interscope Inc., Cantel Medical, Micro-Tech Endoscopy, Cognetix, Stryker, OLYMPUS, KARL STORZ Gmbh & Co. KG, FUJIFILM, PENTAX MEDICAL, and RICHARD WOLF.
The Americas dominates the global endoscopy device market owing to the presence of strong economic condition, huge development in the healthcare domain, and focus of research institutions on updating technology for new and advanced diagnosis and treatment methods. Moreover, advanced hospitals infrastructures, and availability of skilled healthcare professional adding fuel to the growth of the market.
Europe holds the second position in the market on the basis of increasing emphasis on rapid diagnosis and treatment of cancer, and gastrointestinal diseases, changing lifestyle, increasing prevalence of cancer among geriatric population. As per Organization for Economic Co-operation and Development (OECD), Germany spent 11% of the total GDP on healthcare in 2013, which was 10.8% in 2012, which drives the growth of the market in this region.
1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
3 Research Methodology
3.1.1 Primary Research Methodology
3.1.2 Secondary Research Methodology
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3.1.3 Market Share Analysis
3.1.4 Trade Analysis
3.1.5 Market Pricing Approach
4 Market Dynamics
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