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The Spain Endoscopy Devices Market is segmented by Type of Device (Endoscopes, Endoscopic Operative Device, and Visualization Equipment, Others), Application, and Geography.
Endoscopy allows both operations on more fragile patients, notably the elderly, and the treatment of more complex diseases, such as cancer. Other benefits of endoscopy include reduced post-operative pain and risks of complications, rapid 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' postoperative outcomes. The growing preference for minimally-invasive surgeries, increasing adoption of endoscopes for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors that are leading to the growth of the market. However, the lack of skilled technicians and infections caused by few endoscopes are hindering the market growth.
Endoscopes are minimally-invasive devices and can be inserted into natural openings of the body, to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. The endoscopy devices market has been segmented on the basis of the type of device, application, and geography.
|By Type of Device|
|Endoscopic Operative Device|
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Based on the product, the global market is segmented into endoscopes, visualization equipment, endoscopic operative devices, others. Endoscopy visualization systems are estimated to grow at the highest CAGR during the forecast period. The growth rate of this segment can be primarily attributed to the rising adoption of minimally invasive procedures, increasing technological advancements, and improving healthcare infrastructure in the region. The increasing preference for HD visualization systems by medical professionals is due to assistance that they provide in the diagnosis and treatment of complex diseases such as cancer, gastrointestinal disorders, cardiovascular disorders, urinary disorders, and during minimally invasive surgical procedures. Therefore, the rising geriatric population, increasing the patient pool is boosting the segment growth.
According to the Institute for Health Metrics and Evaluation, 2017, the topmost causes of death in Spain are ischemic heart disease, stroke, COPD, lung cancer. In an article published by Héctor Bueno, Beatriz Pérez-Gómez in the journal Circulation, 2019 edition, they stated that cardiovascluar disease is the number one cause of death in Spain leading to 120,000 deaths every year. Thus, owing to the rising prevalence of cardiac diseases and benefits associated with endoscopy, the segment is expected to grow over the forecast period.
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The Spain Endoscopy Devices Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players are Boston Scientific Corporation, Medtronic PLC, Johnson and Johnson, Olympus Corporation, Cook Group Incorporated, Conmed Corporation.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption of Endoscopy for Treatment and Diagnosis
4.2.2 Growing Preference for Minimally-invasive Surgeries
4.2.3 Technological Advancements Leading to Enhanced Applications
4.3 Market Restraints
4.3.1 Lack of Skilled Technicians
4.3.2 Infections Caused by Few Endoscopes
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type of Device
5.1.2 Endoscopic Operative Device
5.1.3 Visualization Equipment
5.2 By Application
5.2.3 Orthopedic Surgery
5.2.5 ENT Surgery
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boston Scientific Corporation
6.1.2 Johnson and Johnson
6.1.3 KARL STORZ
6.1.4 PENTAX Medical
6.1.5 Fujifilm Holdings Corporation
6.1.6 Richard Wolf GmbH
6.1.7 Cook Medical
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments