Rising preference for minimally invasive treatment & advancement in technologies such as ultra-HD visualization systems are factors expected to drive the growth of the Endotherapy Devices Market.

The global Endotherapy Devices Market is expected to grow at a CAGR of 5.1% from 2020-2030, according to a new research report by Next Move Strategy Consulting.

Endoscopy is a minimally invasive medical procedure for visceral organ treatment. Endotherapy is a therapeutic procedure that involves the use of endoscopy for intervention inside the body. The device is a small, tube-like instrument that is either placed in the body through cavities (such as anus and mouth) or incisions, especially in case of arthroscopy. Endotherapy devices are used for diseases such as colon cancer and gastrointestinal (GI) disorders.

According to the report, the rising pervasiveness of diseases such as cancer and chronic pancreatitis where minimally invasive medical procedure is highly preferred, is estimated to propel the endotherapy devices market growth. Due to environmental and genetic changes, the prevalence of cancer among humans is constantly rising. According to IARC (International Agency for Research on Cancer), in 2018 there were 17.0 million new cancer cases and 9.5 million cancer deaths worldwide. Additionally, the rise in the elderly population which is at higher risk of such diseases is also expected to boost the growth of this market. However, the lack of skilled labor, the high cost of devices, and infections caused by a few Endotherapy devices might hinder the market growth during the forecast period.

Based on product, the market is categorized into GI devices & accessories, ERCP devices & accessories, and others. The GI devices & accessories segment is further classified into biopsy forceps, injection needles, polypectomy snares, graspers, hemoclips, and others. The ERCP devices & accessories segment is sub-segmented into guide wire, sphincterotome, catheter, extraction basket, extraction balloon, balloon dilation, plastic stent, metal stents, and others. The other Endotherapy devices & accessories segment is subdivided into mouthpiece, distal end cap, polyp trap, cleaning brush, and others. GI devices & accessories segment dominates the market and will be dominant during the forecast period.

Based on application, the market is segmented into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuro-endoscopy, gastrointestinal endoscopy, and others. The gastrointestinal endoscopy segment dominates the market and will be dominant during the forecast period. Based on end users, the market is categorized into hospitals, clinics, and others. The hospital segment dominates the market and will be dominant during the forecast period. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographically, the North American market is expected to grow significantly owing to its advanced healthcare industry, consistently increasing geriatric population, rising adoption of minimally invasive surgeries, and presence of major key players. However, emerging economies such as the countries in the Asia-Pacific region are also expected to grow owing to the consistent increase in population and rising government support for the well-being of its citizens.

Browse key industry insights from the report in detail along with the table of contents: Endotherapy Devices Market by Product (GI Devices & Accessories, ERCP Devices & Accessories, and Other Endotherapy Devices & Accessories and Others), Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuro-endoscopy, Gastrointestinal Endoscopy, and Other), and End Users (Hospitals, Clinics, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2030

According to the report, some of the key players in the global endotherapy devices market are Hoya Corporation, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Conmed Corporation Medtronic Plc., Karl Storz GmbH & Co. KG, Smith & Nephew, Plc, and Johnson & Johnson., B. Braun Melsungen AG and others.

Key Insights from the Endotherapy Devices Market Report:

• This study presents the analytical depiction of the global endotherapy devices market trends and future estimations to determine the imminent investment pockets.
• A detailed analysis of the endotherapy devices market size and segments measures the potential of the market. These segments outline favorable conditions for the market.

The report Global Endotherapy Devices market– segmented by product, application, end user, and geography.

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