Global Endotherapy Devices Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The market size of the global endotherapy devices market is anticipated to grow from USD 3680.6 million in 2020 to USD 6653.8579 million by 2030, at a CAGR of 6.1% approx., during the forecast period.Endotherapy is a therapeutic process which encompasses the usage of endoscope to localize the intervention to a location in the body. Endoscope is a small, tube-like instrument used for endotherapy. Endotherapy devices are used to localise any type of abnormality within the body. These devices are mainly used to treat conditions such as abdominal pain, appendicitis, gallbladder disease, peptic ulcers, digestive tract bleeding, abnormal growth in the colon, and other abdominal & gastrointestinal conditions. The devices are placed within the body through natural openings or cavities or via incisions.
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Market Dynamics and Factors:
The rise in the occurrence of diseases that require endotherapy procedures like cancer, gastrointestinal diseases, and others is one of the major factor driving the growth of the endotherapy device market. In addition to that growing preferences for minimally invasive procedures is anticipated to fuel the market growth. Minimal scarring, lower complications, reduced hospital stay, and rapid recovery are some other advantages of endoscopy which further drives the market growth of endotherapy devices. A surging baby boomer population coupled with high risk of targeted diseases; growing awareness about novel endotherapy devices; and adoption of highly innovative devices with ultra-high definition visualisation systems are other key factors propelling the market growth of endotherapy devices. However, high cost associated with endotherapy devices, and lack of skilled and technicians & physicians are certain restraining factors that are hampering the growth of the market. Additionally, infections caused due to endoscopic procedures because of improper sterilisation can further restrain the growth of the endotherapy devices in the global market.
Market Segmentation:
Global Endotherapy Devices Market – By Product Type
GI (Gastrointestinal) Devices & Accessories
ERCP (Endoscopic Retrograde Cholangio Pancreatography) Devices & Accessories
Others
Global Endotherapy Devices Market – Application
Bronchoscopy
Arthroscopy
Laparoscopy
Urology Endotherapy
Gastrointestinal Endoscopy
Others
Global Endotherapy Devices Market – By End-Users
Hospitals
Clinics
Others
Global Endotherapy Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is the dominating region in the global endotherapy devices market during the forecast period in terms of market share. Advanced healthcare systems; robust distribution channel for endotherapy devices; presence of a large number of manufacturers; and a growing geriatric population are the major factors attributing towards the market growth in the region. The Asia Pacific is expected to witness rapid growth during the forecast period. Increasing government expenditure on healthcare, rise in medical tourism, and investment by leading players in those regions are the key factors attributing towards this market growth.
Competitive Scenario:
The key players operating in the global endotherapy devices market are –
Johnson & Johnson, Hoya Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Conmed Corporation Medtronic Plc. Fujifilm Holdings Corporation, Smith & Nephew, Siemens Healthcare, Advanced Sterilisation Products Services Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Endotherapy Devices industry, although key threats, opportunities and disruptive technologies that could shape the Global Endotherapy Devices Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Endotherapy Devices Market most.
The data analysis present in the Global Endotherapy Devices Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Endotherapy Devices Market business.
The 2021 Annual Global Endotherapy Devices Market offers:
100+ charts exploring and analysing the Global Endotherapy Devices Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Endotherapy Devices Market type
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