About Endotherapy Devices
Endotherapy Devices are used to treat the diseases that require endotherapy procedures such as cancers and gastrointestinal diseases. These devices are used to perform endoscopy, which can be either surgical or non-surgical, used for restricting any kind of abnormality inside the body. The major symptoms that can find by these devices are used to examine chronic pancreatitis, ulcers, stomach bleeding, abdominal pain, and others. It is seen that, according to the World Health Organization (WHO), in 2018, about 9.6 million individuals were died due to cancer across the globe, hence the prevalence of chronic diseases coupled with need dor minimal time for surgery is boosting the industry.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Endotherapy Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Olympus (Japan), Stryker (United States), Boston Scientific (United States), Fujifilm (Japan), Conmed (United States), Medtronic (Ireland), Karl Storz (Germany), Johnson & Johnson (United States), Smith & Nephew (United Kingdom) and Hoya (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Endotherapy Devices market by Type (GI Devices & Accessories (Biopsy Forceps, Injection Needles, Polypectomy Snares, Graspers, Hemoclips, and Others), ERCP Devices & Accessories ([Guide Wire, Sphincterotome, Catheter, Extraction Basket, Extraction Balloon, Balloon Dilation, Plastic Stent, Metal Stents, and Others) and Others), Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuro-endoscopy, Gastrointestinal Endoscopy and Other) and Region.
On the basis of geography, the market of Endotherapy Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Devices & Accessories, the sub-segment i.e. Mouth-Piece will boost the Endotherapy Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Endotherapy Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Endotherapy Devices Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Geriatric Population across Globe
- Prevalence Diseases such as Orthopedic Diseases, Gastrointestinal conditions, among Others
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Influencing Trends | - Rising Trend of Surgeries that takes Minimal Time, With fewer scares
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Restraints | - The Dearth of Skilled Endoscopic Technicians can Hamper the Market
- High Price of these Endoscopic Devices
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Road Blocks / Challenges | - Risk of Infections Associated with these Devices
- Low Awareness Regarding these Devices in some Untapped Regions
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Gaps & Opportunities | - Demand for Rapid Recovery Propels, Which in turn rise in the Demand for Technologically Advanced Endotherapy Devices
- Spending more Investment in Emergency Economics Related to the Medical sector can offer a Profitable Expansion of the Market
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Market Leaders and their expansionary development strategies
On 5th March 2018, Boston Scientific acquired EMcision, a privately held medical device company that is committed to improving the lives of cancer patients. The main aim of this acquisition is that the company would expand its endotherapy devices product portfolio, and thus boosts revenue generation.
Key Target Audience
Endotherapy Devices Manufactures, Endotherapy Devices Distributors, Potential Investors, Research and Organisations, Healthcare Sectors, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.