The Argentina endoscopy devices market is expected to register a CAGR of 8% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing use of endoscope devices for treatment and diagnosis of various diseases in the country.
Endoscopes are minimally-invasive devices, which can be inserted into natural openings of the body. It helps the physician to examine the internal organ or tissue in detail. These procedures save costs in terms of pre- and post-operative care and reduces the stay at hospitals. Endoscopy procedures are increasingly being covered by health insurance providers in many countries. This factor has increased the preference for endoscopy procedures among patients and physicians across the country.
Endoscopy is increasingly being used for the treatment/diagnosis of a number of major diseases, neurological disorders, orthopedic disorders, and gastroesophageal reflux disorder (GERD). It allows operations on elderly people and treatment of complex diseases, such as cancer. Some of the benefits of endoscopy includes reduced post-operative pain and risks of complications, faster healing, lighter anesthesia, and a shorter period of hospital stay. Surgery, interventional radiology, and advanced endoscopy have all developed minimally-invasive techniques to effectively treat a variety of diseases, in order to bring about a positive impact on patients’ post-operative outcomes.
The report on the Argentina endoscopy devices market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Endoscopy Devices Market - Argentina Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Type of Devices (Endoscopes, Endoscopic Operative Devices, and Visualization Equipment), and Applications (Gastroenterology, Pulmonology, Orthopedic Surgery, Cardiology, ENT Surgery, Gynecology, Neurology, and Others) |
Geographic Zone |
Argentina |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Boston Scientific Corporation, Johnson and Johnson, KARL STORZ PENTAX Medical, and Fujifilm Holdings Corporation |
Endoscopy visualization systems segment to account a major market share
Based on type of devices, the market is divided into endoscopes, endoscopic operative devices, and endoscopic visualization equipment. The endoscopic visualization equipment segment is expected to account for a major market share and is expected to grow at a healthy rate during the forecast period. Rising adoption of minimally invasive procedures, increasing technological advancements, and improving healthcare infrastructure are driving the growth of the market segment.
The endoscopy visualization equipment segment is expected to grow at a substantial CAGR during the forecast period. Rising preference for high definition (HD) visualization systems by doctors is due to assistance that they provide in the diagnosis and treatment of complex diseases, such as cancer, gastrointestinal disorders, cardiovascular disorders, and urinary disorders. Hence, growing geriatric population and increasing the patient pool is anticipated to boost the segment growth.
Gynecology segment expected to account a large market share
Based on applications, the market is segregated into gastroenterology, pulmonology, orthopedic surgery, cardiology, ENT surgery, gynecology, neurology, and others. The gynecology segment is expected to account for a large market share during the forecast period. Rising prevalence of reproductive diseases and disorders among women is expected to proliferate the market growth.
Endoscopic devices aid in detecting any disorder in the reproductive organs by providing imagery on a computer screen. On the other hand, the ENT surgery segment is anticipated to exhibit a high CAGR during the forecast period. Growing number of non-invasive surgeries performed is driving the growth of the market segment.
Some of the major players in the market are Boston Scientific Corporation, Johnson and Johnson, KARL STORZ PENTAX Medical, and Fujifilm Holdings Corporation.
The Argentina Endoscopy Devices Market is moderately competitive Some of the strategies implemented by these companies include agreements, collaborative models, business expansion, and product developments.
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