Countries in Asia Pacific have witnessed a massive change in their respective healthcare infrastructures and number of resources trained in the use of technologically advanced medical devices in the past few years, leading to the vast rise in the usage of advanced endoscopy devices. The rising geriatric population, rising disposable incomes, increased healthcare infrastructure, and an increased awareness regarding the benefits of minimally invasive devices has also accelerated demand for endoscopy devices in Asia Pacific in the recent past. Read More: http://www.transparencymarketresearch.com/asia-pacific-endoscopy-devices-market.html

1. Endoscopy Devices Market - Asia Pacific
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024
The Asia Pacific endoscopy devices market features a moderate level of
consolidation, with the top four vendors collectively accounting for over
60% of the overall market in 2015, states Transparency Market Research
in a recent report.
These companies, including Ethicon Endo-Surgery, Boston Scientific
Corporation, Olympus Corporation, and Stryker Corporation, compete
with a large number of small- and medium-sized companies operating
across specialty segments, giving rise to an intense level of price
competition.
The rising demand for technologically advanced products across
developing economies in Asia Pacific could further fuel rivalry among
key vendors in the market. So as to stay ahead of the competition in the
market, key vendors are adopting the course of innovation and
introduction of technologically advanced products. Most of countries in
the region being developing economies and having a large base of cost-
conscious consumers, focusing on ways of reducing product costs could
also enable vendors to reach-out to a larger consumer base.
Transparency Market Research states that the endoscopy devices market
in Asia Pacific will expand at a healthy pace of 7.6% CAGR over the
period between 2016 and 2024. The market, which had a valuation of
US$7.76 bn in 2015, is expected to rise to US$14.8 bn by 2024.

2. Browse Full Research Report on Endoscopy Devices Market:
http://www.transparencymarketresearch.com/asia-pacific-endoscopy-
devices-market.html
On a global scale, the endoscopy devices market has witnessed a vast
rise in investment in companies already operating in the endoscopy
devices business and acquisition of a large number of specialty medical
device makers by many global medical device giants. A recent instance
is the April 2016 acquisition of Stanmore Implants Worldwide Limited
by Stryker Corporation.
The vast numbers of mergers and acquisitions have helped the market
gain notable level of maturation. This has also allowed global players to
increase their scope for market expansion and pay more focus on
lucrative regional markets such as Asia Pacific.
The Asia Pacific endoscopy devices market is also driven by the vast
rise in the region’s geriatric population, rising disposable incomes,
increased emphasis on minimally invasive surgeries, increased
healthcare expenditures. With the vast rise in geriatric population,
especially in countries such as Japan and China, the number of surgeries
employing a variety of endoscopy devices has also skyrocketed.
A vast share of population in Asia Pacific still belong to middle class or
lower middle class income group. The relatively higher costs of
endoscopy devices and inevitably the surgeries and diagnostic methods
involving these devices is a huge setback when it comes to serving this
demographic. The factor is a key restraint to the overall development of

3. the Asia Pacific endoscopy devices market presently and is expected to
remain a key-impact factor for the market for the next few years as well.
Along with this, the factor of lack of adequate specialist surgeons and
physicians trained and qualified for using complex medical devices such
as endoscopes is also a prominent restraint for the Asia Pacific
endoscopy devices market. According to the World Bank, China, India,
and Indonesia had 1.8, 0.6, and 0.3 physicians per 1,000 people,
including general and specialist medical practitioners.
Nevertheless, factors such as the rising awareness regarding the
availability of effective medical devices for treating complex health
conditions and rising prevalence of a number of chronic conditions will
continue to drive the increased demand for endoscopy devices in Asia
Pacific in the next few years.
On the basis of geography, Japan led the market in 2015, accounting for
a 35% share in market’s overall revenues. The product segment of
endoscopy visualization systems dominated, accounting for over 46% of
market’s overall revenues in 2015.
Browse Full Press Release on Endoscopy Devices Market:
Press Release

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