Global Endoscope Market - Analysis and Forecast To 2024 | GI Supply Inc., and SMART Medical Systems Ltd.

1. Global Endoscope Market

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3. Global Endoscope Market The global endoscope market was valued at USD 21.3 billion in 2018. The market is growing due to the increasing inclination for MIS (minimally invasive surgeries), extensive geriatric population and extensive occurrence of diseases necessitating endoscopy for treatment and diagnosis. Increasing number of cases of various surgeries is bolstering the demand for various endoscope in healthcare domain such as it is rampantly being utilised for various processes such as cystoscopy, laparoscopy and bronchoscopy. Additionally, endoscope enables enhanced recovery and causes fewer traumas to patients in comparison to open invasive surgeries.

4. Global Endoscope Market Moreover, technological progressions being undertaken in medical domain is further anticipated to drive the growth of global endoscope market. More and more technological upliftment in this device can assure less risk and will aim at providing concerns of elder population routinely while dealing with common gastrointestinal concerns. Moreover, endoscope market in Asia-Pacific is anticipated to witness highest CAGR during the forecast period owing to the increasing demand for endoscopes in countries such as China and India that are witnessing high economic growth rate and increasing number of patients that are suffering from various types of diseases such as cancer. Improved healthcare infrastructure along with development of technologically progressive diagnostic therapies is other factors that are driving the growth of endoscope market in Asia-Pacific

5. Global Endoscope Market The eminent key players in the global endoscope market are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe. Some of the major players operating in the global endoscope market are Olympus Corporation, Smith & Nephew PLC., Fujifilm Holdings Corp., Karl Storz GmbH & Co. KG, Medtronic plc, Pentax Medical Company (Hoya Corporation), Fibertech Incorporation, Stryker Corporation, Cantel Medical Corp., B. Braun Melsungen AG, Maxer Endoscopy GmbH, GI Supply Inc., and SMART Medical Systems Ltd.

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