Endoscopy Fluid Management Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4281
Endoscopy Fluid Management Market size is projected to experience significant growth from 2019 to 2025.
A medical technique used for seeing inside the body is called as endoscopy. A flexible tube with an attached camera is used for the procedure which is called as endoscope. Endoscope helps in examining the interior of a hollow organ or cavity of the body. There are various fluids inside the body that hamper the visibility during the endoscopy procedure. The management of the fluids inside body during endoscopy is called endoscopy fluid management.
Growing occurrence of chronic diseases, increasing adoption of minimally invasive procedures, and advancement in technologies of healthcare sector will augment the endoscopy fluid management market over the foreseeable future. Rising adoption for disposable medical instruments and devices has a major impact on the market growth. Abovementioned factors are propelling the growth of endoscopy fluid management market.
Various developed and developing nations provide medical cover to their citizen in the form of reimbursement policies. Such healthcare policies financially assist people with their medical expenses. Growing number of such government initiatives across the globe will drive the global endoscopy fluid management market over the coming years.
Growing demand of cameras in order to visualize and diagnose internal organs of patients will drive the market growth. The accuracy and ease offered by endoscopes will also boost the market growth. Increasing demand for endoscopy fluid management in fields like gastroenterology, urology, dentistry, gynecology, anesthesiology, laryngoscopy, otoscopy, neurology, arthroscopy, laparoscopy, cardiology, bronchoscopy etc. will drive the market growth throughout the forecast period. Moreover, advancements in surgical procedures and medical devices will drive the market growth. However, stringent government approvals could hinder the market growth.
Hospital segment is expected to contribute for a significant share by end-use over the forecast period owing to high volume of patient footfall along with huge number of surgeries that take place in such facility. Ambulatory surgical centers segment is projected to witness lucrative growth rate by over the estimation period due to rising patient preference towards the healthcare setting especially in developed nations.
The U.S. held a significant share in the global endoscopy fluid management market by country in 2018. The high share is due to the presence of vast number of skilled medical professionals, highly developed healthcare infrastructure, high adoption rate for advance technology as well as presence of prominent market players in the country. Furthermore, high healthcare expenditure and good healthcare reimbursement policies will also augment the market growth.
The fastest growing country in the global endoscopy fluid management market is Japan. The growth is attributed to the growing ageing population along with increasing prevalence of chronic diseases. Moreover, rising healthcare expenditure, technological advancements and increasing developments in healthcare system will boost the endoscopy fluid management market over the foreseeable future.
Olympus Corporation, Karl Storz GmbH & Co KG, Smith & Nephew, Richard Wolf GmbH, Stryker Corporation, Cantel Medical Corporation, DePuy Synthes, B. Braun Medical Inc. Medtronic Plc. and Hologic Inc. are few of the prominent market players of the endoscopy fluid management market. Major strategic initiatives taken by the market players are mergers, acquisitions, strategic collaboration, technological advancements, capacity expansion and innovative product launches in order to improve their market presence.
Endoscopy Fluid Management Market by Product, 2014-2025 (USD Million)
- Laparoscopy Fluid Management Systems
- Laparoscopy Suction Irrigation Pumps
- Hysteroscopy Fluid Management Systems
- Hysteroscopy Pumps
Endoscopy Fluid Management Market by Modality, 2014-2025 (USD Million)
- Floor Standing
Endoscopy Fluid Management Market by End-use, 2014-2025 (USD Million)
- Ambulatory Surgical Centers
- Specialty Clinics
- Diagnostic Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Olympus Corporation
- Karl Storz GmbH & Co KG
- Smith & Nephew
- Richard Wolf GmbH
- Stryker Corporation
- Cantel Medical Corporation
- DePuy Synthes
- B. Braun Medical Inc.
- Medtronic Plc.
- Hologic Inc
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