Global Endosurgery Devices Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 3.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
Analysis of the Global Endosurgery Devices Market is done by keeping 2019 as the base year. Though the availability of quantitative data from the year 2020 is insufficient, data from major players and established markets is considered for forecasting the market through 2026. This report has taken data from 2015 and onwards to forecast the growth of the Global Endosurgery Devices Market through 2026. Special attention is given to 2020 and the effect of lockdown on the manufacturer and consumer is analyzed thoroughly.
Global Endosurgery Devices Market Overview:
Endosurgery is a type of small and minimally invasive surgery that requires less time to perform. The procedure for doing Endosurgery consists of inserting a small video endoscope in the body part to detect the issue and perform surgical processes. Endosurgery requires limited time to perform and holds recovery time up to 6 weeks or even lesser. Endosurgery is the preferred medium to perform cancer staging operations, gallbladder surgeries, hernia repairs, bowel resections, and appendectomies.
The rising preference for small surgeries to treat health-related issues has resulted in increased demand for Endosurgery Devices. An increase in the number of people suffering from health-related issues, rising preference for surgeries as the one-time solution, and increased expenditure on improving health conditions by people around the world have resulted in a growth in the Global Endosurgery Devices Market.
Global Endosurgery Devices Market Dynamics:
A report by the UN published in June 2019 states that more than 9% of the global population holds an average age above 60 years. The same report predicts that by 2050 more than 16% of the global population will have an average age of 65 years. Increased age results in various diseases like cataracts, osteoarthritis, and chronic obstructive pulmonary diseases. Endosurgery provides a delicate and efficient medium to treat these issues with minimal aftereffects. Lesser duration and quick recovery time have resulted in increased preference for Endosurgery by old people.
The fast-paced lifestyle has resulted in increased demand for short-duration operative procedures. Advancement in technology has resulted in less time for detection and better recovery time after surgeries. The increased need for multiple surgeries to fight severe health conditions has resulted in a rise in preference for Endosurgery by people living in urban areas.
A report by WHO published in August 2017 states that more than 6.5% of the global adult population suffers from obesity. Endosurgery provides a one-time solution to the issue of obesity and helps in saving the time required to lose weight by the method of exercise and dieting. The rising preference for the option of Bariatric Surgery to treat obesity has resulted in increased preference for the use of Endosurgery and demand for Endosurgery Devices by the hospitals treating obesity.
A new estimation by the International Agency for Research on Cancer states that globally, 1 out of 8 men and 1 out of 11 women develop cancer during their lifetime. This estimate suggests that more than 50 million people are living within 5 years of a past cancer diagnosis. Increased preference for removing internal body organs to save their lives from the possibility of cancer has resulted in increased demand for Endosurgery. A rise in preference for surgical options to prevent cancer has resulted in increased demand for Endosurgery devices by the Healthcare sector.
Little time required for recovery acts as the major driving factor for the growth of the Global Endosurgery Devices Market.
Restraints:
The high cost of Endosurgery Devices are the major restraining factor. Less expenditure on the diagnosis of diseases at an early stage by the people living in developing and underdeveloped countries are limiting the growth of the Global Endosurgery Devices Market.
Global Endosurgery Devices Market Segment Analysis:
By Product, An increase in health awareness has resulted in an 8% increase in demand for Endomechanical Devices, especially Endoscopy Visualization systems. The rising preference for minimally invasive surgeries by people has resulted in a 6.3% increase in demand for Electrosurgical Devices by the Healthcare sector.
By End User, hospitals having special surgery departments cover more than 35% of the Endosurgery Devices present in the market. Increased preference for Specialty Clinics and Nursing Homes by old people have resulted in a 4% increase in demand for Endosurgery Devices in the US and Europe. The presence of surgical equipment and fast reach to patients has resulted in a rising preference for Ambulatory Surgical Centers. The presence of features like on-demand service has resulted in a 3.3% increase in demand for Endosurgery Devices by the Ambulatory Surgical Centers present in the ASEAN region.
By Application, An increase in the number of people suffering from hernia and appendix has resulted in a 6.6% increase in demand for Endosurgery Devices to treat abdominal issues. The rising preference for surgeries to treat gynecological issues have resulted in an 11% increase in demand for Endosurgery Devices by the hospitals dealing with Gynecological issues.
An increase in demand for surgeries to treat obesity has resulted in a 4.4% increase in demand for Endosurgery Devices to perform Bariatric Surgeries. Increased preference for an organ transplant by people suffering from genetic or severe health-related issues has resulted in a 5.1% increase in demand for Endosurgery Devices to perform Transplant Surgery. Different other surgeries require Endosurgery Devices for the detection and elimination of health-related issues.
Global Endosurgery Devices Market
To know about the Research Methodology :- Request Free Sample Report
The preference for hospitals equipped with advanced equipment by people living in cities has resulted in a 4.6% increase in demand for Endosurgery Devices by Hospitals presents in metropolitan and urban areas. An increase in the number of people visiting medical establishments that deal in only one type of disease has resulted in a 2.4% increase in demand for Endosurgery Devices by Specialty Clinics.
An increase in the number of old people living in care homes has resulted in a 1.7% increase in demand for Endosurgery Devices by Nursing Homes that take care of old people. Increased preference for advanced surgical equipment installed in mobile hospitals to treat people in rural regions has resulted in a 2.2% increase in demand for Endosurgery Devices by Ambulatory Surgical Centers. Different research and education institutes use Endosurgery Devices as per need.
Global Endosurgery Devices Market Regional Insights
The presence of a large population with increased health awareness has resulted in a 4.7% increase in demand for Endosurgery Devices in North America. The rising demand for advanced technology has resulted in a 3.3% increase in demand for Endosurgery Devices by the healthcare sector present in this region.
Increased health concerns and rising demand for minimally invasive surgeries have resulted in a 3.6% increase in demand for Endosurgery Devices in Europe. An increase in the number of people above the age of 65 years has resulted in a 2.3% increase in demand for Endosurgery Devices by the Nursing homes present in this region.
An increase in demand for advanced equipment by the healthcare sector has resulted in a 2.6% increase in demand for Endosurgery Devices in the Asia-Pacific. An increase in per capita income has resulted in a 1.6% increase in demand for Endosurgery Devices by the ASEAN region.
The South American market is showing a growth rate of 1.6%, the reason for which is the presence of a moderate healthcare sector. The Middle East and Africa’s market is showing a growth rate of 1.3% which is concentrated in countries like Jordan, UAE, Israel, and Saudi Arabia.
Global Endosurgery Devices Market 1
The objective of the report is to present a comprehensive analysis of the global Endosurgery Devices market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Endosurgery Devices market dynamics, structure by analyzing the market segments and Project the global Endosurgery Devices market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Endosurgery Devices market make the report investor’s guide.
For More Information Visit @:
https://www.maximizemarketresearch.com/market-report/global-endosurgery-devices-market/113133/
Global Endosurgery Devices Market Scope:
Global Endosurgery Devices Market, by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Endosurgery Devices Market Key Players
• Olympus Corporation
• Meril Life Sciences Pvt. Ltd.
• CONMED Corporation
• Reach Surgical
• Ethicon, Inc.
• Medtronic PLC
• Stryker Corporation
• Karl Storz SE & Co. KG
• Erbe Electromedizine GmbH
• Healthium Medtech
• Coloplast Pty Ltd.
• HK Surgical Inc.
• Cooper Surgical, Inc.
• MedGyn Products
• B. Braun Melsungen AG
• Richard Wolf GmbH
• Sklar Surgical Instruments
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
No comments:
Post a Comment