Endoscopy is performed to examine abdominal pain, ulcers, gastrointestinal tract lesions and abnormal growths in the colon and Different abdominal conditions. The minimally invasive procedure with less post. The complications of the operation make it one of the most preferred and sought after procedures in diagnosis and surgery.
Asia Pacific Endoscopy devices Market size was around USD 4.94 billion in 2018. It is expected to grow at a CAGR of 7.32% to reach USD 7.03 billion by 2023.
Drivers and Restraints:
The major factors driving the market are increasing government initiatives, rising number of hospitals and hospital investments, rising prevalence of chronic diseases, advanced Endoscopy technology. Restraints of the market are Lack of skilled operators and diseases acquired from unsterilized endoscopes.
The Asia Pacific Endoscopy devices market has geographically segmented into China, India, Japan, South Korea, and Australia. In the coming years, the Endoscopy Devices market is projected to witness the highest growth rate in the Asia-Pacific region, with emphasis on India, China, and Japan.
Major companies in the market are Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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