(PharmaNewsWire.Com, June 01, 2017 ) Market Data Forecast recently published a report on the “North America Endoscopy Devices Market” which estimates the market to grow from USD 12.4 billion from 2016 to USD 17.35 billion with a high CAGR of 6.95%. Endoscopy allows physicians to peer through the body's passageways. Endoscopy Market Devices is the examination and inspection of the interior of body organs, joints or cavities through an endoscope. An endoscope is a device that uses fiber optics and powerful lens systems to provide lighting and visualization of the interior of a joint. The portion of the endoscope inserted into the body may be rigid or flexible, depending upon the medical procedure.
An endoscope uses two fiber optic lines. A "light fiber" carries light into the body cavity and an "image fiber" carries the image of the body cavity back to the physician's viewing lens. There is also a separate port to allow for administration of drugs, suction, and irrigation. This port may also be used to introduce small folding instruments such as forceps, scissors, brushes, snares and baskets for tissue excision (removal), sampling, or other diagnostic and therapeutic work. Endoscopes may be used in conjunction with a camera or video recorder to document images of the inside of the joint or chronicle an endoscopic procedure. New endoscopes have digital capabilities for manipulating and enhancing the video images.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are increasing investments, and grants by administration bodies worldwide. In addition, growing patient predilection for minimally invasive operations, technological advancements, favourable reimbursement coverage, growing geriatric population are some of the other important factors contributing towards the market growth. However, the issue of strict regulation of endoscopic devices is one of the major reason hindering the growth of the market.
The devices are segmented based on product and application and studied for a deep-level understanding of the Endoscopy Devices market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well. • By Product • By Endoscopes • Flexible Endoscopes • Rigid Endoscopes • Capsule Endoscopes • Visualization Systems • By Other Endoscopy Equipment • Electrical Endoscopy Equipment • Mechanical Endoscopy Equipment • By Application • Laparoscopy • Bronchoscopy • GI Endoscopy
North American Market is studied in geographic perspective by segregating the market shares between USA and Canada. North America holds the largest share of the global Endoscopy Devices market and this is attributed to a number of factors such as favorable reimbursement situation in the U.S., growing incidences of cancer in the U.S. and Canada, study on new technologies in the U.S., and new funding model for Canadian hospitals. Inquire before buying: http://www.marketdataforecast.com/market-reports/north-america-endoscopy-devices-market-722/inquire
As per the report, the major companies dominating the market in this region are Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation.
Scope of the North America Endoscopy Devices Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region • To detect major focus areas of industrial growth Segment-level analysis on basis of type, therapeutics, end-user along with market size forecasts and y-o-y estimations are provided • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few. • An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment • mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape • Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Medical Devices Segment :
About Market Data Forecast: The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
