SEATTLE, May 13, 2021, (MEDGADGET) — Overview:
Endoscopy is a minimally invasive technique in which an endoscope is inserted into the body through body openings (mouth, anus, etc.) or small incisions. Endoscopes are surgical instruments that are used during an endoscopy procedure to examine and treat internal organs.
Rising cases of gastrointestinal diseases is expected to boost the growth of Asia Pacific endoscopy devices market. For instance, According to the analysis, ‘A study of the incidence and determinants of irritable bowel syndrome in an urban slum population in Mumbai,’ published in November 2018, the prevalence of irritable bowel syndrome was 12.27 percent, with 56 percent of males and 44 percent of females suffering from the condition.
*The Download PDF brochure only consist of Table of Content, Research Framework, and Research Methodology.
Request PDF Research Report Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/3974
Furthermore, rising geriatric population is also expected to boost the growth of the market. According to the United Nations Population Fund, Asia Pacific’s geriatric population will triple between 2010 and 2050, hitting 1.3 billion people.
In terms of pricing, Visualization Systems dominated the Asia Pacific endoscopy devices market in 2019, accounting for 47.3 percent of the market, followed by endoscopic operative devices and endoscope devices.
The negative effects of the medical device tax in the United States, as well as the strict FDA regulatory process, are expected to stifle market growth. In 2013, the US government plans to place a 2.3 percent excise tax on medical device purchases. The effect on endoscopic product prices can be seen as businesses raise prices and pass them on to consumers as a way to cope with the increased tax in the United States.
Furthermore, high expense required for the endoscopic equipment is also expected to hamper the growth of the market.
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
For players in the Asia Pacific endoscopy devices industry, R&D in robotic biopsy endoscope is expected to deliver lucrative growth opportunities. For instance, Researchers from Chonnam National University in South Korea announced the creation of a new wireless biopsy capsule endoscope that uses active five-degree-of-freedom locomotion and a biopsy needle punching mechanism for histological analysis of the intestinal tract in January 2020.
Furthermore, increased use of neuroendoscopy is also expected to help the industry expand. The minimally invasive surgical technique causes less discomfort, has a shorter healing period, and leaves less scars than conventional surgery.
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.
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.
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/asia-pacific-endoscopy-devices-market-3241
Asia Pacific Endoscopy Devices Market, By Device Type, is segmented into:
- By Devices Type:
- Endoscope Devices
- Rigid Endoscope
- Flexible Endoscope
- Capsule Endoscopy
- Robot Assisted Endoscopy
- Endoscopic Operative Devices
- Visualization Systems
- By Application:
- Urology/Gynecology Surgeries
- ENT Surgeries
- Neuro/Spinal Surgeries
- Laparoscopy Surgeries
- By Country:
- South Korea
- New Zealand
- Rest of APAC
Market Trends/Key Takeaways:
Key market players are concentrating on the approval and introduction of new products in order to extend their product range. For instance, AnX Robotica Corporation obtained De-Novo classification from the US Food and Drug Administration in June 2020 for its NaviCam Magnetically Controlled Capsule Endoscopy System.
Wireless endoscopes that can be used in the operating room are also available on the market. ScoutCam, a manufacturer of personalised visual solutions, for instance, incorporated its wireless micro ScoutCam into medical endoscope systems in May 2020.
Major players operating in Asia Pacific endoscopy devices market include, 3NT Medical, KARL STORZ Endoscopy-America, Inc., AnX Robotica Corporation, C.R. BARD INC, Conmed Corporation, Olympus Corporation, Accellent Inc., Aesculap Inc., Arthrex Inco, Boston Scientific Corporation, Cook Medical Incorporated, and Fujifilm Holding Corporation.
We value your investment and offer customization as per your requirements.
Share your precise requirements @ https://www.coherentmarketinsights.com/insight/request-customization/3974
April 2020: The EVIS X1 endoscopy system from Olympus Corporation improves results from gastrointestinal, colon, and esophageal disorders, as well as bronchial diseases.
March 2020: KARL STORZ Endoscopy-America, Inc. launched TELE PACK + compact endoscopy system.
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
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027