(PharmaNewsWire.Com, October 04, 2017 ) According to the report Middle East and Africa Endoscopy Devices Industry, published by Market Data Forecast, The Industry was worth $1.06 billion in 2016 and estimated to be growing at a CAGR of 5.60%, to reach $1.39 billion by 2021.
Endoscopy has altered the viewpoint of recognizing diseases and the way in which surgeries were performed previously.
Devices such as endoscopes, visualization systems, and operative devices give direct insight check-up of the organs, unlike other medical imaging procedures.
The growth of the Middle east and Africa Endoscopy Devices Industry is mainly driven by factors such as growing number of hospitals, growing patient predilection for minimally invasive operations, and rising geriatric population. However, issues such as lack of skilled professionals and infections acquired from unsterilized endoscopes are restraining the growth of the Industry in this region.
The Middle east and Africa Endoscopy Devices Industry is segmented based on product and application. The Industry for Endoscopy Devices, on the basis of product, is segmented into Endoscopes, Visualization Systems, other endoscopy Equipment, and Accessories. Endoscopes are further segmented into flexible, rigid, and capsule endoscopes. On the basis of Application, the Middle East and Africa Endoscopy Devices Industry is segmented into Laparoscopy, Bronchoscopy, GI Endoscopy. The endoscopes segment accounts for the largest share of the Industry in 2015. This is attributed to the invention of technologically innovative endoscopes by manufacturers and increased public awareness.
The Industry has been geographically segmented into Middle east and Africa. In terms of Industry share, South Africa leads the Industry in this region. Other significant Industrys in this region include UAE, Israel, and Nigeria. The Industry in this region is projected to grow at a healthy rate in the upcoming years.
Owing to the speedy progress of the Industry in the use of endoscopes, medical device firms that are able to launch new innovative devices will be rewarded with high gains. Some of the major companies dominating this Industry are Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation.
Key Points from Table of Contents Overview Executive Summary Key Inferences New Developments Drivers, Restraints, Opportunities, and Challenges Analysis (DROC) Middle East and Africa Endoscopy Devices Industry: Segmentation By Product o By Endoscopes o Visualization Systems o By Other Endoscopy Equipment By Application o Laparoscopy o Bronchoscopy o GI Endoscopy Geographical Analysis Middle-East Africa Strategic Analysis PESTLE analysis Porters Five analysis Industry Leaders' Analysis Competitive Landscape
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