The Infinium Global Research analyzes the Gastrointestinal Endoscopy Devices Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global gastrointestinal endoscopy devices market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of gastrointestinal endoscopy devices. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the gastrointestinal endoscopy devices market during the period. The global gastrointestinal endoscopy devices market is projected to grow at a CAGR of 5.3% over the forecast period of 2018-2024.
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Gastrointestinal endoscopy devices are one of the type of medical devices used to execute diagnostic and therapeutic interventions inside the gastrointestinal (GI) tract. Gastrointestinal (GI) tract includes small intestine, large intestine, duodenum, colon, stomach, cecum and rectum. Any infection or abnormalities in function of this GI tract is detected using gastrointestinal endoscopic devices. It is a less invasive procedure that helps to observe ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal conditions.
Capsule Endoscope and Robot Assisted Endoscope Could Further Enhance Gastrointestinal Endoscopy Devices Growth Opportunities in Near Future
Factors responsible for driving gastrointestinal endoscopy industry includes increasing prevalence of gastrointestinal diseases, high demand for minimal invasive procedures, technological developments in gastrointestinal endoscope devices with more throughput & accurate results and growth in geriatric population. Still factors such as high cost of endoscope devices and lack of skilled professional for carrying out gastrointestinal endoscopy procedure can hinder the growth opportunities. Furthermore, increase demand for advanced versions of endoscopes such as capsule endoscope and robot assisted endoscope could further enhance gastrointestinal endoscopy devices growth opportunities in near future.
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North America Held the Largest Market Share
Geographically, North America held the largest market share in 2017 of gastrointestinal endoscopy devices market. U.S is mainly responsible for driving the North America gastrointestinal endoscopy devices market, owing to presence of medical devices manufacturing companies, these medical devices company manufacture gastrointestinal medical endoscopy devices and are responsible for continuously upgrading existing product and develop new product that helps to enhance gastrointestinal endoscopy procedure. Furthermore, high expenditure on healthcare and improved healthcare infrastructure too augment the gastrointestinal endoscopy devices market. Asia Pacific is expected to grow at the highest CAGR over the forecast period owing to rising economic conditions in Asia Pacific countries.
Segments of the Gastrointestinal Endoscopy Devices Industry
The report on global gastrointestinal endoscopy devices market covers segments such as, product and end-user. On the basis of product the global gastrointestinal endoscopy devices market is categorized into ECRP devices, hemostasis devices, capsule endoscopy, biopsy devices and GI videoscopes. On the basis of end-user the global gastrointestinal endoscopy devices market is categorized into hospitals, clinics and others.
Key Players in the Gastrointestinal Endoscopy Devices Industry
The report provides profiles of the companies in the global gastrointestinal endoscopy devices market such as, Boston Scientific Corporation, Medtronic PLC, Johnson & Johnson, CONMED Corporation, Stryker Corporation, ETHICON US, LLC, Becton Dickinson And Company, B. BRAUN MELSUNGEN AG, Cook Group Incorporated and Fujifilm Holdings Corporation.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the gastrointestinal endoscopy devices.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.