Endotherapy Devices Market Worth $ 5,015 Million by 2024 | CAGR of 5.9% - Allied Market Research

WILMINGTON, DELAWARE, UNITED STATES, May 13, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, Endotherapy Devices Market by Product, Application, End Users, and Region: Global Opportunity Analysis and Industry Forecast, 20182024," the global endotherapy devices market accounted for $3,369 million in 2017, and is expected to reach $5,015 million by 2024, registering a CAGR of 5.9% from 2018 to 2024. North America is the highest contributor in the global endotherapy devices market in 2017; however, Asia-Pacific is expected to witness the highest growth rate during the forecast period.

Endoscopic therapy is treatments conducted using a small, tube-like instrument called endoscope. These are minimally invasive treatments that are commonly used to treat conditions such as appendicitis, colon polyps, peptic ulcer, gallbladder disease, and endometriosis.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/4669

Hospitals are expected to maintain its lead in the overall end user of the endotherapy devices market, due to the availability of diverse endotherapy services and favorable reimbursement policies. Most hospitals are well equipped with technologically advanced endoscopic facilities in the developed economies.

The growth in demand for endoscopy devices in developed economies such as North America and Europe have further boosted the market growth due to the high prevalence rate of complex diseases such as cancer and rapid increase in geriatric population. Although the endoscopic needs are also largely felt in developing economies, low awareness, lack of skilled professionals, and unmet medical needs at economical cost hamper the market growth in these areas.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/4669

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐧𝐝𝐨𝐭𝐡𝐞𝐫𝐚𝐩𝐲 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

ERCP devices & accessories is projected to grow at the highest rate during the analysis period.
Japan dominated Asia-Pacific endotherapy devices market in 2017, and is projected to continue its dominance in future.
Guide wire is expected to grow highest globally during the forecast period.
Graspers is the largest contributor among the GI devices and consumables in 2017.
Distal end cap generated the highest revenue in 2017, and is expected to continue its dominance in future.
Gastrointestinal endoscopy application is growing at the fastest pace during 2018-2024.

𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
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