China Endoscope Market By Product (Endoscopy Devices, Visualization and Documentation Systems, Mechanical Endoscopy Equipment, Accessories, and Other Endoscopy Equipment); By Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuro Endoscopy, Gastrointestinal Endoscopy, Gynecology Endoscopy, ENT Endoscopy, and Others) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030.
Endoscopy enables both surgeries on more vulnerable patients, especially the elderly, and treatment of more complicated diseases like cancer. Certain advantages of endoscopy include lower post-operative pain and infection complications, faster recovery, stronger anesthesia, and shorter hospital stay. Surgery, interventional radiology, and advanced endoscopy have also evolved minimally invasive procedures for the successful treatment of a range of diseases to have a significant impact on the postoperative outcomes of patients.
China Endoscope Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Endoscopy procedures are less invasive and save pre- and post-operative care costs as well as the length of stay at hospitals. These services are also largely provided in selected countries by health insurance companies.
China Endoscope Market: Segments
China Endoscope Market is segmented on the basis of product, application and region.
By Product (in %), China Endoscope Market, 2019
The endoscopy device segment is anticipated to register XX% of the market share during the forecasted period.
By product the market can be segmented into endoscopy devices, visualization & documentation systems, mechanical endoscopy equipment, accessories, and other endoscopy equipment. The endoscopy instruments are widely used in the diagnosis and treatment of various diseases. Increasing geriatric population coupled with increasing gastrointestinal tract-related disorders are also prime reasons for endoscopy tools finding tremendous applications. In addition, increasing knowledge of endoscopic tools, preference for minimally invasive endoscopic procedures, lower postoperative complications and a quicker recovery time are only a few of the several factors that render endoscopic tools usage satisfying over the forecast period.
China Endoscope Market Dynamics:
Use in treatments and diagnosis and rising target health incidents to increase market growth
Endoscopy procedures are less invasive and save pre- and post-operative care costs as well as the length of stay at hospitals. These services are also largely provided in selected countries by health insurance companies. Such factors also contribute to an increased preference among patients and physicians for endoscopy procedures.
Low financial resources and maintaining equipments for endoscopy to hinder the market growth in China
Healthcare providers have low financial resources, especially in developing countries such as China, to invest in such expensive sophisticated technologies. In addition, the personnel will be qualified to manage and operate endoscopy systems and equipment effectively. Maintaining endoscopy equipment is important, as improperly reprocessed endoscopes can lead to cross-contamination and potentially expose patients to infection.
China Endoscope Market: Regions
In terms of value and volume, China accounted for XX% of total market volume share in 2019
The growing awareness of minimally invasive procedures among the Chinese population and the increasing prevalence of chronic diseases across the country are boosting demand for endoscopic devices. Capsule endoscopy is an accurate, automatic, quick, and painless form of digestive tract mucosal imaging. This has various potential applications and a growing role in pathological digestive analysis. It is expected that the capsule endoscopy market in China will be guided by the technical developments embraced by medical professionals in China, and a growing number of new players expanding the industry in the Chinese market. The launch of technologically advanced devices, such as Wi-Fi-enabled small bowel capsules, with longer battery life, is expected to further boost the market for endoscopy capsules.
The region segment can be further divided into five major types including North China, South China, East China and West China.
China Endoscope Market: Competitive landscape
Some factors that improve the role in the market of the key players within the China Endoscope Market have been the improvement in healthcare facilities among key players and availability of favorable reimbursement policies and FDA approvals in developed regions coupled with the growth in preference for minimally invasive procedures.
China Endoscope Market: Key players
• Cook Medical
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Boston Scientific Corporation
• Conmed Corporation
• Richard Wolf GmbH
• Johnson and Johnson
• Fujifilm Holdings
• Medtronic PLC
• Olympus Corporation
• Other prominent players
China Endoscope Market report also contains analysis on:
China Endoscope Market segments: –
• By Product:
o endoscopy devices
o visualization and documentation systems
o mechanical endoscopy equipment
o other endoscopy equipment
• By Application:
o gastrointestinal endoscopy
o gynecology endoscopy
o ENT endoscopy
• China Endoscope Market dynamics
• China Endoscope Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints