Europe Endoscopy device market expected to reach $10.01 billion by 2021.

According to the report published by Market Data Forecast named “Europe Endoscopy Devices Market”, the market is estimated at $7.26 billion in 2016 and poised to grow $10.01 billion by 2021 with a CAGR of 6.65% in the forecast period.
An endoscopy is a procedure where the inside of your body is examined using devices called endoscope. Endoscopy contains procedures which are effective and cheaper ensuing in less number of complications post-surgery and fewer scars in the body.
Endoscopy is carried out to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal conditions. Endoscopy devices market in Europe have a steady growth over past couple of years due to increasing economic growth along with rising demand for GI screening.
The drivers that are responsible for the growth of endoscopy device market are
• Increasing awareness among the masses of various endoscopy procedures.
• Increasing demand of minimal invasive surgeries.
• Technological advancements that are contributing in development of minimal invasive procedures.

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For deep understanding Endoscopy Devices Market is segmented by product and application. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
The market for Endoscopy Devices, on the basis of product, is segmented into Endoscopes, Visualization Systems, other endoscopy Equipment, and Accessories. Endoscopes are further segmented into flexible, rigid, and capsule endoscopes. On the basis of Application, Europe Endoscopy Devices market is segmented into Laparoscopy, Bronchoscopy, and GI Endoscopy. The endoscopes segment accounts for the largest share of the market in 2015. Invention of innovative endoscopes rising public awareness has caused the market to flourish.

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The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. European is the second largest market with a global share of 27%. Germany is the largest market share holder for the Endoscopy Devices market in this region, followed by the UK and France. Other significant markets in the region are Italy, Spain, France, and Greece.

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The major companies dominating the market in this region are Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation. Fujifilm Holding Corporation has added a new endoscope named LASERO which uses laser and puts less physical burden on the patient.

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The Europe Endoscopy Devices Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of European region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of product and application sector along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market.

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Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organization that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

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