According to the report Middle East and Africa Endoscopy Devices Market, published by Market Data Forecast, The Market 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.
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Endoscopy has altered the viewpoint of recognizing diseases and the way in which surgeries were performed previously.
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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 Market 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 market in this region.
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Middle East and Africa Endoscopy Devices Market: 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 market has been geographically segmented into Middle east and Africa. In terms of market share, South Africa leads the market in this region.
Other significant markets in this region include UAE, Israel, and Nigeria. The market in this region is projected to grow at a healthy rate in the upcoming years.
Owing to the speedy progress of the market 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 market 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 Middle East and Africa Endoscopy Devices Market 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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