Global ENT Endoscopic and Bronchoscopic Devices Market Driven by Increasing Demand for Minimally Invasive Surgeries: Technavio
February 17 2017 - 11:23AM
Business Wire
The global ENT endoscopic and bronchoscopic devices
market size is projected to reach USD 4 billion, growing at a
CAGR of close to 4% over the forecast period, according to
Technavio’s latest report.
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Technavio has published a new report on
the global ENT endoscopic and bronchoscopic devices market from
2017-2021. (Photo: Business Wire)
In this report, Technavio covers the market outlook and
growth prospects of the global ENT endoscopic and bronchoscopic
devices market for 2017-2021. The research report segments the
market into ENT endoscopy and bronchoscopy based on product
type.
Minimally invasive surgeries are witnessing a steadily growing
preference, due to their shorter recovery periods and cosmetic
appeal. This preference creates a high demand for the ENT
endoscopic and bronchoscopic devices in various healthcare
facilities, thereby driving market growth.
Technavio’s research study segments the global ENT endoscopic
and bronchoscopic devices market into the following regions:
Americas: largest ENT endoscopic and bronchoscopic devices
market segment
“The Americas comprise the largest regional segment in the
ENT endoscopic and bronchoscopic devices market, projected to be
worth close to USD 2 billion by 2021. The high adoption rate of
rigid ENT endoscopes and flexible bronchoscopes for a variety of
procedures is driving the dominance of the segment,” says
Srinivas Sashidhar, one of the lead analysts at Technavio for
orthopedics and medical devices research.
The market in North America is dominated by large companies like
Olympus, Karl Storz, Arthrex, and Teleflex. An increase in the
awareness of technological advances in the field of
otorhinolaryngology and pulmonology is leading to high rates of
adoption of ENT endoscopes and bronchoscopes by hospitals in the
region, thereby driving market growth.
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http://www.technavio.com/request-a-sample?report=56574
Technavio’s sample reports are free of charge and contain
multiple sections of the report including the market size and
forecast, drivers, challenges, trends, and more.
EMEA: presence of regional manufacturers
creates a positive market scenario
The market in EMEA is expected to grow at a moderate rate over
the forecast period, driven by an increase in advanced and safe
rigid ENT endoscopes and flexible bronchoscopes. These devices as
perceived as patient friendly, and being used for various ENT and
pulmonary procedures in hospitals and ambulatory surgery centers
(ASCs). Additionally, the presence of regional manufacturers such
as Henke-Sass Wolf, Karl Storz, Richard Wolf,
and Olympus has created a positive market scenario in
Europe. The market in the Middle East is witnessing the significant
adoption of these devices as well for the treatment of sinusitis
and chronic obstructive pulmonary disease (COPD).
APAC: fastest growing ENT endoscopic and bronchoscopic
devices market segment
“APAC will be the fastest growing regional segment,
showcasing a CAGR of 4.26% over the forecast period. The market is
witnessing swift adoption rates of these devices in countries such
as China, Japan, Singapore, South Korea, and Taiwan, which is
driving the impressive growth in the market share,” says
Srinivas.
The use of flexible bronchoscopes to treat complex respiratory
conditions such as COPD is increasing. Additionally, the market has
the competitive presence of major manufacturers who are expected to
strengthen their distribution network and further penetrate the
untapped market, thereby driving market growth.
The top vendors in the global ENT endoscopic and bronchoscopic
devices market highlighted in the report are:
- Aesculap
- Teleflex
- Karl Storz
- Olympus
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About Technavio
Technavio is a leading global technology research and
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countries. Technavio has about 300 analysts globally who specialize
in customized consulting and business research assignments across
the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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