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Endoscopy Equipment Market - Major Factors Driving the Industry

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The global endoscopy equipment market is estimated to witness notable growth in the coming years as Transparency Market Research reports. This is due to the increasing number of gastrointestinal diseases as well as cancer. The competitive landscape of the global endoscopy equipment market is seen to be fragmented due to the presence of a large number of players. Major players are putting more focus on the development of new products and their product launching in order to stay in the market and maintain a dominant place.

Some of the prominent players of the global endoscopy equipment market are Fujifilm Holdings Corporation, Stryker Corporation, Karl Storz GmbH & Co., Smith & Nephew Plc, Karl Storz GmbH & Co., Boston Scientific Corporation, and Arthrex Inc. Major vendors are making efforts to develop new products and accelerate the overall growth of the market during the forecast period. Players are also investing more funds into research and development in order to produce better and unique results so as to improve their brand quality and give tough competition to the others.

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As per the TMR reports, the global endoscopy equipment market is prognosticated to reach a valuation of US$33.5 bn by 2022. The market is presumed to exhibit a promising CAGR of 4.0% within the forecast period of 2017 to 2022. As per the classification by application, the endoscopy equipment market is seen to be dominated by the gastroenterology segment owing to the increase in popularity of gastric problems all around the globe.

As per the geographical segmentation, the market is projected to be dominated by North America with an expected rise of revenue from US$9.9 bn in 2017 to US$12.3 bn by the end of 2022.

Increasing Number of Gastroenterological Diseases to Boost Market Growth

The surge in the use of endoscopic equipment for diagnosis of all kinds of gastroenterological disorders is also expected to boost the market at a global level. Another factor expected to boost the global market for endoscopy equipment is the rising investments in healthcare and medical sector for their enhancement is among the key driver to boost the overall market growth. Both the government and non-government agencies are putting efforts to set up better healthcare infrastructures in order to suffice to the medical needs of people.

Developing countries like that of New Zealand, Australia, India, China, and Japan are also presumed to increase the revenue generation of the endoscopy equipment market during the forecast period by creating better infrastructure and medical facilities in terms of treatment. The emergence and popularity of ultra-modern healthcare facilities are also creating lucrative opportunities for the overall market for endoscopy equipment.

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High Cost of Treatment of Endoscopy to Cause Hindrance to Market Growth

One factor that may act as a hindrance to the overall growth of the market is the high treatment cost of gastroenterology and their medication as well. The high cost of treatment may make customers to think twice before opting for such treatment. Apart from that, the emerging market for ayurvedic medicines and their guaranteed no side-effect propaganda may divert patients from opting for endoscopic treatment and instead acquire natural remedies in order to cure themselves. Due to this shift, the market for endoscopy equipment may also face loss in the years to come.

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posted Feb 10 by Bella Watson

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With forecasts about competition getting fiercer, companies operating in the global oncology information system market are investing in the development of technologically advanced information systems. Besides this, strategic collaborations and partnerships are on a rise, as leading players look to establish a strong foothold in the global oncology information system market. In a new study, Transparency Market Research (TMR) presents insights into various companies operating in the market and their key growth strategies. Profiles of companies such as Cerner Corporation, Accuray Inc., Mckesson Corporation, Koninklijke Philips N.V., Raysearch Laboratories, Varian Medical Systems Inc Flatiron Health Inc., Epic Systems Corporation, and Elekta AB therefore make a crucial inclusion in the report.

Thorough research was undertaken, based on which TMR has pegged the global oncology information system market at US$2,285.6 mn in 2017. Rising at a steady 7.6% CAGR between 2017 and 2022, the global market is expected to reach US$3,293.8 by the end of 2022. “North America is expected to remain the dominant contributor to the global market for oncology information through the forecast period. By the end of 2022, its valuation is expected to reach US$1,411.5 mn,” said a lead TMR analyst.

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Besides this Europe and Asia Pacific except Japan are expected to showcase lucrative prospects for the market’s growth. However, due to lack of skilled workers could restraint the latter’s growth in the coming years. Nonetheless, the rising incidence of cancer and willingness of emerging economies such India and China to spend on advanced healthcare systems will stoke growth for the market in Asia Pacific. The market will also benefit from government support in this region.

Rising Incidence of Cancer Stokes Growth Opportunities around the World

The rising incidence of cancer is a chief factor driving the global oncology information system market. In developed countries particularly, the market has gained from the steady growth in the field of cancer research. Launch of novel techniques to battle the life-threatening ailment also accelerates the market’s pace of gains. As per TMR, the oncology information system market is likely to exhibit strong growth especially in countries such as Germany, Canada, the U.K., and the U.S. on the back of escalating investments in cancer research. Besides incidence, the rate of recurrence of cancer is also high in these countries, which subsequently fuels the demand for oncology information system.

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Government Aid Crucial for Widespread Adoption of Oncology Information System

Government support to researches involved in the discovery of novel cancer treatments has created an environment conducive to the market’s growth in developed regions. It is important to note here that government support is important to encourage the widespread adoption of oncology information system. It eases the financial load on hospitals interested in incorporating latest technologies. Furthermore, government aid helps smaller hospitals to improve their overall quality of patient care.  Sedentary lifestyle and the growing adoption of unhealthy lifestyle choices are other factors aiding the market’s expansion. The report also considers these as key drivers of the global oncology information system market.

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Transparency Market Research announces the publication of a new market research study made available on the company’s website. The research study offers an in-depth analysis of the global medical disposables market focusing on the growth drivers, restraints, product segmentation, key geographical segments, and competitive landscape. The research study, titled “Medical Disposables Market – Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” also provides inputs given by industry experts in order to help the decision-makers in designing business policies effectively.

As per the study, in 2011, the global market for medical disposables was worth US$144.67 bn and estimated to reach a value of US$193.89 bn by the end of 2018, registering a 4.30% CAGR between 2012 and 2018.

Medical disposables refer to several products that are used in medical procedures, including drug delivery and wound management. Medical disposables are vital for carrying out several medical procedures. In the last few years, the medical infrastructure in emerging countries has been developing, which is indirectly driving the medical disposables market worldwide.

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The increasing volume of hospital admissions and inpatient days and the growing prevalence of chronic diseases that require long-term therapy are some of the other factors propelling the market. However, a reduction in the number of healthcare-associated infections and rigid FDA and GMPs approval norms are projected to hamper the growth of the market in the next few years.

By product, the global market for medical disposables has been classified into wound management disposables, drug delivery disposables, nonwoven medical disposables, and others. Among these, the drug delivery segment is projected to grow rapidly throughout the forecast period owing to the increasing application for the treatment of chronic diseases. Moreover, the innovation in drug delivery devices including infusion pumps is further expected to contribute towards the growth of the market. Medical disposables find application in outpatient facilities, hospitals, home healthcare facilities, and others.

By geography, the global market for medical disposables has been divided into North America, Europe, Asia Pacific, and Rest of the World. In 2011, North America dominated the market, holding a 35% share in the global market for medical disposables and expected to remain in the leading position in the next few years. As per the research study, in 2011, the U.S. alone held a 70% share in the North America market.

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On the other hand, the Asia Pacific market for medical disposables is projected to grow substantially throughout the forecast period, owing to the growing awareness regarding healthcare and hygiene. China and India are expected to contribute significantly towards the growth of this market. In addition, the increasing geriatric population, increasing disposable income, and rising expenditure on healthcare by the governments are some of the other factors projected to fuel the growth of the medical disposables market in Asia Pacific.

The leading players operating in the global market for medical disposables include Covidien Plc, Becton, Dickinson And Company, Johnson & Johnson, and 3M Company. The research study has provided the detailed profiles of these players to guide the new entrants in the market.

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The global endoscopy equipment market is estimated to witness notable growth in the coming years as Transparency Market Research reports. This is due to the increasing number of gastrointestinal diseases as well as cancer. The competitive landscape of the global endoscopy equipment market is seen to be fragmented due to the presence of a large number of players. Major players are putting more focus on the development of new products and their product launching in order to stay in the market and maintain a dominant place.

Some of the prominent players of the global endoscopy equipment market are Fujifilm Holdings Corporation, Stryker Corporation, Karl Storz GmbH & Co., Smith & Nephew Plc, Karl Storz GmbH & Co., Boston Scientific Corporation, and Arthrex Inc. Major vendors are making efforts to develop new products and accelerate the overall growth of the market during the forecast period. Players are also investing more funds into research and development in order to produce better and unique results so as to improve their brand quality and give tough competition to the others.

As per the TMR reports, the global endoscopy equipment market is prognosticated to reach a valuation of US$33.5 bn by 2022. The market is presumed to exhibit a promising CAGR of 4.0% within the forecast period of 2017 to 2022. As per the classification by application, the endoscopy equipment market is seen to be dominated by the gastroenterology segment owing to the increase in popularity of gastric problems all around the globe.

Request PDF Sample of Endoscopy Equipment Market Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33032

As per the geographical segmentation, the market is projected to be dominated by North America with an expected rise of revenue from US$9.9 bn in 2017 to US$12.3 bn by the end of 2022.

Increasing Number of Gastroenterological Diseases to Boost Market Growth

The surge in the use of endoscopic equipment for diagnosis of all kinds of gastroenterological disorders is also expected to boost the market at a global level. Another factor expected to boost the global market for endoscopy equipment is the rising investments in healthcare and medical sector for their enhancement is among the key driver to boost the overall market growth. Both the government and non-government agencies are putting efforts to set up better healthcare infrastructures in order to suffice to the medical needs of people.

Developing countries like that of New Zealand, Australia, India, China, and Japan are also presumed to increase the revenue generation of the endoscopy equipment market during the forecast period by creating better infrastructure and medical facilities in terms of treatment. The emergence and popularity of ultra-modern healthcare facilities are also creating lucrative opportunities for the overall market for endoscopy equipment.

Buy Now “Endoscopy Equipment Market” Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=33032&ltype=S

High Cost of Treatment of Endoscopy to Cause Hindrance to Market Growth

One factor that may act as a hindrance to the overall growth of the market is the high treatment cost of gastroenterology and their medication as well. The high cost of treatment may make customers to think twice before opting for such treatment. Apart from that, the emerging market for ayurvedic medicines and their guaranteed no side-effect propaganda may divert patients from opting for endoscopic treatment and instead acquire natural remedies in order to cure themselves. Due to this shift, the market for endoscopy equipment may also face loss in the years to come.

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Veterinary Electrosurgery Market: Introduction

  • Veterinary electrosurgical devices are used for surgical cutting or controlling the bleeding by causing coagulation at the surgical site. Electrosurgery devices such as electrodes, probes, coagulators, and other devices use high-frequency alternating current to perform their respective functions.
  • There are two type electrosurgeries: electrocautery and high frequency electrosurgery. Electrosurgery instruments are available in two forms: monopolar and bipolar.

Report Overview @ https://www.transparencymarketresearch.com/veterinary-electrosurgery-market.html

Key Drivers and Restraints of Global Veterinary Electrosurgery Market

  • Increase in pet ownership and growth of the pet industry are driving the global veterinary electrosurgery market during the forecast period. According to the National Pet Owners Survey conducted by the American Pet Products Association (APPA) in 2017, around 68% of households own a companion animal or a pet in the U.S.
  • According to a report published by the Federal Trade Commission (FTC), the U.S. government spent around US$ 69.5 Bn in 2017 on the pet industry, which includes food, veterinary care, prescription and OTC medications, and other pet services and products
  • Increase in the number of veterinary practitioners and rise in demand for pet insurance are likely to propel the growth of the global veterinary elctrosurgery market
  • Pet care cost and lack of awareness about veterinary electrosurgery is restraining the veterinary elctrosurgery market

Bipolar Electrosurgical Instruments Segment to Witness High Demand

  • Based on product, the global veterinary electrosurgery market can be segmented into bipolar electrosurgery instruments, monopolar electrosurgery instruments, and consumables & accessories
  • Bipolar electrosurgical instruments product segment accounted for the highest share of the global veterinary electrosurgery market in 2018. This segment is expected to remain dominant during the forecast period. This dominance of the segment can be ascribed to high adoption rate of these instruments in animal surgeries and price as compared to monopolar electrosurgical instruments.

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General Surgery Segment to Witness Significant Growth

  • In terms of application, the global veterinary electrosurgery market can be divided into general surgery, dental surgery, gynecological & urological surgery, ophthalmic surgery, orthopedic surgery, and other applications
  • General surgery segment generated the highest revenue in 2018 and is anticipated to witness growth during the forecast period. This can be attributed to the increase in the number of general surgeries, such as sterilization procedures and soft-tissue surgeries, performed on animals.

Veterinary Hospitals Segment to Dominate Global Veterinary Electrosurgery Market

  • Based on end-user, the global veterinary electrosurgery market can be categorized into veterinary hospitals, veterinary clinics, and others
  • Veterinary hospitals end-user segment dominated the global veterinary electrosurgery market in 2018. The large share of this end-user segment can be attributed to the high adoption rate of veterinary elctrosurgical instruments in veterinary hospitals, increase in demand for these instruments in veterinary hospitals, and rise in the number of surgeries performed in veterinary hospitals.

North America to Dominate Global Veterinary Electrosurgery Market

  • In terms of region, the global veterinary electrosurgery market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global veterinary electrosurgery market in 2018 and is expected to maintain its leading position during the forecast period. This dominance of the region can be attributed to the growing pet insurance industry and rising veterinary health care expenditure.
  • Veterinary Elctrosurgery  Market in Asia Pacific is projected to register the highest growth during the forecast period, owing to increasing adoption of pets and growing veterinary practices

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Key Manufacturers Operating in Global Veterinary Electrosurgery Market

The global veterinary electrosurgery market was highly fragmented in 2018. Key manufacturers operating in the global market are:

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  • B.Braun Melsungen AG
  • Eickemeyer Veterinary Equipment Inc. 
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  • Summit Hill Laboratories
  • Burtons Medical Equipment Ltd 

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According to the latest research report by Transparency Market Research, the global dental consumables market is projected to witness an intense competition in its vendor landscape. The research report expects the top companies in the global market to account for the largest share. These leading companies accounted for around 62% of the overall market share in recent years. Because of their excellent brand values and affordable prices, these companies have been able to stay ahead of their competitive curve. Some of the key players in the global market for dental consumable include names such as Dentsply Sirona, Henry Schein Inc., Danaher Corporation among others. “These companies, with a view to bolster their market position, are projected to continue to adopt inorganic growth strategies such as mergers, takeovers, strategic alliances, partnerships, and acquisitions”, notes TMR analyst

According to the research report findings by TMR, the global dental consumable market is projected to show a healthy growth rate of 6.1% over the projection period ranging from 2016 to 2024. This CAGR is expected to help the global market to reach a valuation worth US$33.4 bn by the fall of year 2024. In terms of segmentation by product, the bridges and crowns are expected to take the maximum share and will show a CAGR of 7.2%. On the other hand, in terms of regional segmentation, the Europe market is expected to account for the largest share with 41.1%.

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Dental Tourism in Emerging Nations is Key Driving Factor for Market Growth

“In the past few years, there has been a growing demand for dental consumables. This demand is primarily fueled by the growing dental tourism in countries such as Turkey, Hungary, and India. Moreover, emergence of newer technologies and services have also helped in pushing the development of the global market”, notes TMR analyst. A large number of customers are now attracted to undergo dental treatments because of the cost efficiency and affordable services offered in these developing countries. In addition to this, other factors such as minimal intervention by the government, early availability of newer treatment technologies, and lower labor costs are also helping to push the development of the global dental consumables market in upcoming years.

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Success of Dental Implants is Fueling Adoption of Market

The overall development of the global dental consumables market is expected gain a solid momentum in next few years is because of the growing success rate of the new dental implants. This is particularly more successful for upper jaw treatments. This has thus led to growing adoption of several types of new procedures that consists of dental implants. Highly matured and sophisticated healthcare services in European nations such as the UK, Spain, Italy, and Greece are further expected to help the overall development of the global dental implants market.

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