Endoscopes are used in various applications such as GI endoscopy (for GI tract based applications), arthroscopy (for joints), cystoscopy, hysteroscopy and ureteroscopy (for urology applications), laparoscopy (for various surgeries in pelvic and abdomen area), bronchoscopy (for lungs) laryngoscopy (larynx), and other types that covers various parts.
Asia Pacific endoscopy devices market is estimated to account for US$ 11,032.5 Mn in terms of value in 2020 and is expected to reach US$ 18,551.0 Mn by the end of 2027.
Asia Pacific Endoscopy Devices Market: Drivers
R&D of new endoscopy technologies is expected to propel growth of Asia Pacific endoscopy devices market over the forecast period. For instance, in June 2020, Xenocor, Inc. received the U.S. patent in connection with the Xenoscope Single-use Laparoscopic System, which provides valuable protection for materials used in the disposable scope that reduce fogging and improve the clarity of the resulting images provided by the system.
Asia Pacific Endoscopy Devices Market: Opportunities
Increasing adoption of hyperspectral imaging is expected to offer lucrative growth opportunities for players in Asia Pacific endoscopy devices market. Hyperspectral imaging has been used in conjunction with rigid endoscopy to detect cancer in vivo.
To learn more about this report, request a sample copy*
* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy of this report@ https://www.coherentmarketinsights.com/insight/request-sample/3974
Asia Pacific Endoscopy Devices Market: Restraints
Use of duodenoscopes can lead to patient-to-patient transmission of infection, if they are not thoroughly cleaned and disinfected. Such scenario is expected to hinder growth of the market.
Key Takeaways:
Asia Pacific endoscopy devices market was valued at US$ 10,287.7 Mn in 2019 and is forecast to reach a value of US$ 18,551.0 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027. Major factor driving the growth of Asia Pacific endoscopy devices market during the forecast period include increasing prevalence of gastrointestinal diseases, and technological advancement.
Visualization Systems held dominant position in Asia Pacific endoscopy devices market in 2019, accounting for 47.3% share in terms of value, followed by endoscopic operative devices and endoscope devices, respectively. Technological advancement in visualization systems such as endoscopic ultrasound devices, high definition (hd) visualization systems, and others is supporting growth of the segment.
Market Trends
Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in June 2020, 3NT Medical received the U.S. Food and Drug Administration’s 510(k) clearance for the Colibri Micro ENT Scope, a single-use endoscope specifically designed for Otology.
Browse Press Release: https://www.coherentmarketinsights.com/press-release/asia-pacific-endoscopy-devices-market-3241
The market is witnessing launch of cleaning products for endoscopy devices. For instance, in April 2020, Toray, Industries Inc. launched TORAYSEE for ES Micro Fiber Wiping Cloths specified for cleaning endoscope lenses of laparoscopic surgery.
Asia Pacific Endoscopy Devices Market: Competitive Landscape
Major players operating in Asia Pacific endoscopy devices market include, Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation, 3NT Medical, AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, KARL STORZ Endoscopy-America, Inc., Cook Medical Incorporated, and Fujifilm Holding Corporation.
Asia Pacific Endoscopy Devices Market: Key Developments
Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in March 2020, enlightenVue received the U.S. FDA 510(k) clearance for surgiVue single-use platform of micro endoscopes.
Similarly, in January 2020, PENTAX Medical received the U.S. FDA 510(k) clearance for its IMAGINA Endoscopy System, an endoscopy platform for gastrointestinal (GI) procedures at ambulatory surgery centers.
Access research reports that are tailored specifically for you and your organization in order to explore practical growth strategies and recommendations
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/3974
Segmentation
- By Devices Type
- Endoscope Devices
- Rigid Endoscope
- Flexible Endoscope
- Capsule Endoscopy
- Robot Assisted Endoscopy
- Endoscopic Operative Devices
- Visualization Systems
- Endoscope Devices
- By Application
- Urology/Gynecology Surgeries
- ENT Surgeries
- Neuro/Spinal Surgeries
- Laparoscopy Surgeries
- Others
- By Country
- Japan
- China
- Australia
- South Korea
- India
- Singapore
- New Zealand
- Rest of APAC
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
