"The Report Global
Gastrointestinal Endoscopy Devices Market 2016-2020 provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants. -
MarketResearchReports.biz"
MarketResearchReports.biz
has announced the addition of a report, titled “Global
Gastrointestinal Endoscopy Devices Market
2016-2020,” to its offerings. As per the findings of the report,
the global gastrointestinal endoscopy devices market is estimated to
register a CAGR of more than 5% from 2016 and 2020.
The
expanding base of patient population suffering from gastrointestinal
disorders is by far the leading factor augmenting the global
gastrointestinal endoscopy devices market. The growing popularity of
minimally invasive procedures is providing a fillip to the market.
Conventional open surgeries involve several complications, which
compels healthcare centers to adopt safer alternatives, thereby
triggering the adoption of gastrointestinal endoscopy devices across
the world. Moreover, the increasing number of product approvals and
rapid technological advancements are stoking the market.
On
the other hand, the high costs of these devices make their
affordability difficult for low to middle-income people, thereby
hampering the growth of the market. Furthermore, the dearth of
trained physicians is negatively impacting the growth of the market.
However, the rising adoption of wireless capsule endoscopy and the
emergence of nanotechnology are unfolding ample growth opportunities
for the market.
On
the basis of product, the global gastrointestinal endoscopy market is
segmented into instruments and accessories, services, and
gastrointestinal endoscopes. The instruments and accessories segment
will continue to account for the leading revenue share in the market
until 2020. They need to be frequently replaced and hence generate
recurring revenue, which appreciates the overall revenue generation
of the market.
The
key regions studied in the report are Asia Pacific, Americas, and
Europe, Middle East, and Africa (EMEA). The Americas will continue to
dominate the global market in terms of revenue until 2020. The
presence of advanced healthcare infrastructure is one of the primary
factors fuelling the growth of the region. EMEA will also be a
prominent destination for global players, owing to the emergence of
guidelines from the European Society of Gastrointestinal Endoscopy
(ESGE) and the United European Gastroenterology (UEG), which is
boosting the adoption of gastrointestinal endoscopy devices in the
region.
The
presence of a large number of players has rendered the global
gastrointestinal endoscopy devices market highly competitive and
fragmented. Companies in the market are competing against each other
in terms of capital investment, product differentiation, technology
upgradation, pricing, and distribution partnerships. Launches of new
products and advancements in technology are expected to intensify the
competition in the market in the near future.
View
Press Release @
http://www.marketresearchreports.biz/pressrelease/3950
The
leading players in the global gastrointestinal endoscopy devices
market are Medtronic, Olympus, Boston Scientific, Ethicon, and Karl
Storz. Some other key companies operating in the market are Applied
Medical, B. Braun Melsungen, Chongqing Jinshan Science &
Technology, CareFusion, Cook Medical, Conmed, Endocure Technologies,
Fujifilm, EndoLook, Hobbs Medical, Gyrus ACMI, Integra LifeSciences,
Metro-Med, Richard Wolf, Ventura Business Solutions, Smith and
Nephew, Stryker, and Vimex.
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