In the past few years, the endoscopy demand has grown to a great extent due to the increasing choice for minimally invasive surgeries. Apart from being very less invasive, procedures of endoscopy are beneficial with regard to staying at hospitals and expenses before and after the operation procedures.
Patients undergoing endoscopy need to stay at hospitals for reasonably shorter durations. Developments and infiltration in technology in the branch of endoscopy are estimated to expand the endoscopy devices market further in the future. This worldwide market was worth more than USD 24 billion in 2012 and is estimated to expand from 2013 to 2019. This will happen at a CAGR of more than 6 percent.
Developments and enhancements in technology have also led to a lot of creativeness and upgradations. A major component responsible for pushing the worldwide endoscopy devices market is the growing occurrence of diseases needing endoscopic intervention. A constructive scenario of imbursements in some chosen regions is yet another driving force of the market.
Increasing number of aged people and those suffering from gastrointestinal, orthopedic and ophthalmic disorders are some of the other major drivers of the endoscopy devices market. Various procedures are carried out on a regular basis for the treatment of obesity, cancer, etc.
However, on a worldwide basis, the number of doctors performing endoscopic surgeries is less than sufficient. Also, the expenditure involved in endoscopy technology is very high in majority of the hospitals in emergent nations.
The endoscopy method includes shoving specific and telescopic appliances (in the form of rods) via tiny openings or cuts in the body. These methods can range from being effective to analytic and are applied in various surgery sectors.
The implementation of endoscopy methods is increasing swiftly across different sectors of the medical field (oncology being one of them), owing to the number of advantages they offer. Reliable enhancements in endoscopy equipments have provided additional products to the endoscopy devices market and amplified its boundaries.
There are few components that prevent the endoscopy devices market from developing further. These are shortage of experts and high rate of up-to-date equipments.
The devices sector of the worldwide endoscopy devices market consists of operative devices, endoscope, visualization systems and high definition visualization systems. Operative devices are estimated to be the most rapidly developing devices sector of the market. Visualization systems occupy the biggest share in the endoscopic devices market.
As far as the application sector of the endoscopy devices market is concerned, ENT surgeries, neuro/spinal surgeries, arthroscopy surgeries, cardiovascular surgeries, laparoscopic surgeries, gastro intestinal surgeries and urology/gynecology surgeries come to the fore.
On the basis of regions, the worldwide endoscopy devices market is divided into Europe, North America, Asia Pacific and the rest of the world (RoW).
Asia Pacific is the most swiftly developing regional market. North America occupies the biggest share in the endoscopy devices market trailed by Europe.
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