Endoscopy Device Market Shows Future Growth 2019-2025

Endoscopy Device Market-Overview

Increasing prevalence of gastrointestinal diseases, and growing demand for technologically advanced devices fuel the growth of the market. Gastrointestinal diseases such as acid reflux, stomach ulcers etc. has been rising at an extremely rapid rate. According to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) about 30 to 40 % of people in the United States get an H. pylori infection which is the cause of peptic ulcers. According to World Health Organization (WHO), worldwide more than 1.9 billion adults were overweight in 2014 and out of these, around 600 million were obese and at a high risk of developing gastrointestinal diseases. In the United States, the annual spending on GI diseases is estimated to be nearly USD 140 billion.

Key players in the Endoscopy Device Market

Cogentix Medical, Integrate Endoscopy, J&J services Inc, Shaili Endoscopy, Interscope Inc., Cantel Medical, Micro-Tech Endoscopy, Stryker, OLYMPUS, Johnson & Johnson Services Inc., KARL STORZ Gmbh & Co. KG, Boston Scientific Corporation, FUJIFILM, PENTAX MEDICAL, and RICHARD WOLF are the key players in the global endoscopy market.

Key Developments

Strategic approaches adopted help the major players to sustain their growth in the market and develop their business in various geographical areas across the globe. Agreements and collaborations, mergers and acquisitions, and new product launches are various strategies followed by the key players.

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