[FURL=https://www.industryarc.com/Research/EMEA,-NA,-Japan,-And-China-Endoscopy-Devices-Market-Research-506949?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]EMEA, NA, Japan, And China Endoscopy Devices Market[/FURL] size in 2020 was estimated at $21.3 billion, growing at a CAGR of 5.1% during the forecast period 2021-2026. Endoscopy devices are minimally invasive endoscopic operative devices which are used in endoscopic surgeries. Endoscopes are illuminated optical, typically slender and tubular instrument that is inserted into the body and it is used to examine digestive tract of the body. Endoscopic devices consist of endoscopy cameras, suction pumps that records images of the gastrointestinal tract. Increasing prevalence of cancer and gastrointestinal disorders coupled with rising number of geriatric population is major factor driving the growth of the market. Moreover, growing demand for Endoscopy Devices for easy and fast detection of diseases further enhance the overall market demand for EMEA, NA, Japan, And China Endoscopy Devices during the forecast period.
Key Takeaways
In 2020, North America dominated the EMEA, NA, Japan, And China Endoscopy Devices Market owing to rising incidence of chronic diseases.
Increasing innovation and development in Endoscopy Devices across the globe is driving the market growth of EMEA, NA, Japan, And China Endoscopy Devices.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the EMEA, NA, Japan, And China Endoscopy Devices Market report.
High cost of endoscopy procedure and lack of skilled professional are challenging the growth of the market.
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EMEA, NA, Japan, And China Endoscopy Devices Market Segment Analysis- By Geography
North America dominated the Endoscopy device market share accounting for 41.9% of the market in 2020. This is mainly owing to increasing prevalence of chronic diseases such as heart diseases, diabetes, obesity and others and colorectal cancer among geriatric population which leads to rise in demand for endoscopy visualization system in this region.
According to, American Cancer Society, colon cancer is the leading cause of death in U.S. in 2019 around 101,420 people died owing to this cancer. However, the Europe region is projected to be the fastest-growing over the period 2021-2026, owing to rising expenditure on healthcare coupled with rising advancement in endoscopy devices.
EMEA, NA, Japan, And China Endoscopy Devices Market Drivers
Increasing Prevalence of Cancer, Gastrointestinal Disorder
Rising Demand For Minimally Invasive Procedures
EMEA, NA, Japan, And China Endoscopy Devices top 10 companies are Johnson & Johnson, Conmed Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Smith & Nephew, Cogentix Medical, Fujifilm Holdings Corporation, Olympus Corporation, Thermofisher Scientific and Medtronic PLC
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