According to the report Europe Endoscopy Devices Market, published by Market Data Forecast, The Market was worth $7.26 billion in 2016 and estimated to be growing at a CAGR of 6.65%, to reach $10.01 billion by 2021.
Endoscopy consists of methods which are cost-effective ensuing in fewer complications post-surgery and negligible scars in the body.
These surgeries also decrease the length of stay of the patient at the hospital. Devices such as endoscopes, visualization systems, and operative devices give direct insight inspection of the organs, unlike other medical imaging tools.
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Growing patient predilection for minimally invasive operations, is one of the major driver for the Endoscopy Devices market in this region.
However, the issue of strict regulation of endoscopic devices is one of the major reason hindering the growth of the market.
Europe Endoscopy DevicesMarket: Segmentation
- By Endoscopes
- o Flexible Endoscopes
- o Rigid Endoscopes
- o Capsule Endoscopes
- Visualization Systems
- By Other Endoscopy Equipment
- o Electrical Endoscopy Equipment
- o Mechanical Endoscopy Equipment
- GI Endoscopy
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The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. European is the second largest market with a global share of 27%.
Germany is the largest market share holder for the Endoscopy Devices market in this region, followed by the UK and France. Other significant markets in the region are Italy, Spain, France, and Greece.
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.
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Reasons to access Europe Endoscopy DevicesMarket Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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