Market Size – USD 20.13 Billion in 2019, Market Growth – CAGR of 4.3%, Market Trends –Growing geriatric population
The study is a professional probe into the revenue generated and capacity estimates for the Laparoscopy and Endoscopy Devices market for the forecast period 2020 – 2027 empower the business owners to maintain a competitive edge over their rivals. The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations.
The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders. Other factors taken into consideration when studying the industry include profitability, manufacturing capability, distribution channels and industry cost structure and major success factors.
The laparoscopy and endoscopy devices market in the Asia Pacific region is estimated to grow at the fastest rate in the forecast period due to considerable economic growth, developing healthcare infrastructure, rising incidence of cancer, and a rising popularity of advanced diagnostic procedures.
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Key Highlights From The Report
In October 2019, Medtronic PLC made an announcement about the introduction of GI Genius™ intelligent endoscopy module, which deploys AI to identify colorectal polyps and offer physicians with a strong tool in combatting colorectal cancer.
Gynecological endoscopy is likely to witness a significant growth rate in the forecast period and finds usage in diagnosing common female conditions and pathologies, including certain infertility problems, endometrial polyps, and small vaginal hemorrhages, among others.
Surging demand for keyhole surgery is a significant factor in driving the laparoscopy devices market growth attributed to its benefits comprising shorter stay at the hospital, quicker recovery time, reduced pain & bleeding post-surgery, and lessscarring.
Key participants include Stryker Corporation, Fujifilm, Smith & Nephew PLC, Cook Medical, Boston Scientific, B. Braun Melsungen, Olympus, Medtronic, Karl Storz, and Hoya Corporation, among others.
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Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
Device Type Outlook (Revenue, USD Billion; 2017-2027)
Laparoscopy Device
Endoscopy Device
Application Outlook (Revenue, USD Billion; 2017-2027)
Gastrointestinal Surgery
Cardiac Surgery
Gynecology Surgery
Orthopedic Surgery
Urologic Surgery
Neurological Surgery
Others
End Users Outlook (Revenue, USD Billion; 2017-2027)
Hospitals & Clinics
Ambulatory Surgical Centers
Others
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