The Chile endoscopy devices market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing preference for minimally invasive surgeries. Moreover, rising geriatric population is driving the market growth.
Reduced post-operative pain and risks of complications is driving the market growth.
An endoscopy is a procedure where organs inside your body are viewed using an instrument called an endoscope. An endoscope is a long, thin, flexible tube that has a light and camera at one end. Images of the body organs and tissues are shown on the monitor.
Instruments used during the endoscopy are flexible tube to examine of the esophagus and stomach, duodenum, and bronchoscope, a flexible tube for examination of the bronchial tubes. Endoscope is usually passed through the mouth into the respective organs.
Fiberoptic endoscopic devices consist of flexible tubing that contains a series of lighted mirror lenses and optic fibers. These instruments transmit light around corners, twists, and bends, allowing direct visualization of body systems, which are not easily visualized by other means.
An endoscopy is a very safe procedure. Rare complications such as bleeding can emerge if the procedure involves removing a piece of tissue for biopsy or treating a digestive system problem.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing adoption of endoscopes for treatment and diagnosis is expected to augment the Chile endoscopy devices market growth.
- Growing incidence of cancer is expected to propel the growth of the market.
- Lack of reimbursement scenario in the country is projected to impede the market growth.
- Lack of skilled technicians in Chile can hamper the market growth.
- Infections caused by endoscopes can create challenges for the market growth.
- The outbreak of COVID-19 has negatively impacted the Chile endoscopy devices market. However, the market is anticipated to recover soon.
- Rising technological advancements owing to increasing investment in the healthcare industry, leading to enhanced applications of the endoscopy devices is expected to create lucrative opportunities for market players.
Scope of the Report
The report on the Chile endoscopy devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Chile Endoscopy Devices Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type of Devices (Endoscopes, Endoscopic Operative Devices, and Visualization Equipment) and Application (Gastrointestinal)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Boston Scientific Corporation, Medtronic PLC, Johnson and Johnson, Pentax Medical, and Conmed Corporation, Cook Medical, Covidien Plc., Hoya Corporation, and Ethicon Endo- Surgery.
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Chile Endoscopy Devices Market Segment Insights:
Visualization equipment segment to grow at a rapid pace
Based on types, the market is divided into endoscopes, endoscopic operative devices, and visualization equipment. The visualization equipment segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period. Rising adoption of minimally invasive procedures, increasing technological advancements, and improving healthcare infrastructure in the country are propelling the growth of the market segment. Moreover, increasing preference for HD visualization systems by medical professionals due to effective assistance they provide during the diagnosis and treatment of complex diseases such as cancer, gastrointestinal disorders, cardiovascular disorders, urinary disorders, and during minimally invasive surgical procedures is anticipated to foster the growth of the market segment.
Gastrointestinal segment to account a major market share
Based on applications, the Chile endoscopy devices market is segmented into gastrointestinal. The gastrointestinal segment is anticipated to account for a major share due to rising geriatric population, improving healthcare infrastructure, and increasing number of colonoscopy procedures in the country, boosting the segment growth. Furthermore, increasing cases of colorectal cancers, gastrointestinal diseases that affect the gastrointestinal (GI) tract from the mouth to the anus are anticipated to fuel the segment growth.
Segments
Segments Covered in the Report
The Chile endoscopy devices have been segmented on the basis of
Type of Devices
- Endoscopes
- Endoscopic Operative Device
- Visualization Equipment
Applications
Country
Key Players
- Boston Scientific Corporation
- Conmed Corporation
- Cook Medical
- Covidien Plc.
- Hoya Corporation
- Ethicon Endo- Surgery
- Medtronic PLC
- Johnson and Johnson
- KARL STORZ
- PENTAX Medical
Competitive Landscape
The major players of the market are Boston Scientific Corporation, Medtronic PLC, Johnson and Johnson, Pentax Medical, Conmed Corporation, Cook Medical, Covidien Plc., Hoya Corporation, and Ethicon Endo- Surgery.
Companies are investing in research and development, innovation, focusing on joint ventures, acquisitions, and engaging in agreements, collaborative models, partnerships, and product developments to expand their market share.
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