| The rising occurrence of chronic diseases is one of the significant factors influencing market growth. |
The global laparoscopy and endoscopy devices market is projected to be worth USD 28.30 Billion by 2027, according to a current analysis by Emergen Research. The laparoscopy and endoscopy devices market is observing high demand attributed to the rising occurrence of chronic diseases such as cancer. Cancer significantly impacts the societal and economic growth in the US and worldwide and is a major contributor to the cost burden of disease. It has been anticipated that 1,806,590 new cancer cases are likely to be diagnosed in the US in 2020, and 606,520 deaths will occur owing to the disease. Gastrointestinal (GI) cancer is the second leading cause of mortalities due to cancer and GI endoscopy. It is the most appropriate way for diagnosing the disease and hence boosting the laparoscopy endoscopy devices market demand.
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The report also discusses the key players involved in the market as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
Leading Players Profiled in the Report:
Stryker Corporation, Fujifilm, Smith & Nephew PLC, Cook Medical, Boston Scientific, B. Braun Melsungen, Olympus, Medtronic, Karl Storz, Hoya Corporation
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
Laparoscopy and Endoscopy Devices Market Segmentation:
Device Type Outlook (Revenue, USD Billion; 2017-2027)
Laparoscopy Device
Endoscopy Device
Application Outlook (Revenue, USD Billion; 2017-2027)
Gastrointestinal Surgery
Cardiac Surgery
Gynecology Surgery
Orthopedic Surgery
Urologic Surgery
Neurological Surgery
Others
End Users Outlook (Revenue, USD Billion; 2017-2027)
Hospitals & Clinics
Ambulatory Surgical Centers
Others
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The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also offers a country wise analysis to impart better understanding of the global Laparoscopy and Endoscopy Devices market with regards to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities, and presence of key players in the region.
Key Features of the Laparoscopy and Endoscopy Devices Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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The laparoscopy and endoscopy devices market are rapidly growing, propelling the industry with expanding use of these devices for different diagnostic and therapeutic purposes. Technological advancements in the field of endoscopy and laparoscopy have allowed for increased accuracy, comfort, and safety for patients.
The laparoscopic and endoscopic devices market is primarily driven by advancements in imaging technology and product expansion, resulting in a growing number of options that appeal to customers. These devices are now being used more often in surgeries and physician’s offices to diagnose and treat medical conditions, resulting in a higher demand.
The emergence of new technologies in the laparoscopy and endoscopy sector have triggered competition amongst the industry’s players, which has resulted in innovative product designs to offer superior value by increasing patient safety, comfort and diagnosis accuracy. Industry experts are tilting towards robotics and automated endoscopy to further enhance the market share of the laparoscopy and endoscopy industry.
Recent developments in the field of medicine and technology have also enabled patients who live in remote areas to seek out laparoscopic and endoscopic surgeries from their local health centers. This trend has contributed to the growth of the industry, as more people are now able to access the benefits of laparoscopic and endoscopic devices.
Furthermore, the extensive use of endoscopy and laparoscopy in the diagnosis and treatment of various medical conditions such as colorectal cancer, Barrett’s esophagus, and GERD have also increased the demand for these devices, as these medical conditions call for precise diagnosis and treatment.
The laparoscopy and endoscopy device market is expected to expand significantly during the forecast period, due to a combination of macroeconomic factors such as economic growth, technological advancements, and an increasing prevalence of medical conditions.
The market is expected to witness the entry of various small and large companies in the coming year, as the popularity of laparoscopy and endoscopy increases. This trend could lead to increased competition, pricing pressures, and product innovation, all of which would help enhance the overall market size.
To sum up, it can be said that the laparoscopy and endoscopy device market is set to experience rapid growth
in the coming years, due to the advancements in technology, increased awareness among patients about these surgeries, and the increased availability of these devices. Moreover, competition among industry players is expected to intensify, resulting in higher levels of innovation and product expansion. These factors will undoubtedly propel the growth of the laparoscopy and endoscopy devices market in the years to come.
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