Saudi Arabia Endoscopy Devices Market to Grow with Advancing Technology until 2027
Technological advancements in
medical devices are driving the growth of the Saudi Arabia Endoscopy Devices Market,
in the forecast period, 2023-2027F.
According to TechSci report on, “Saudi
Arabia Endoscopy
Devices Market - By Region, Competition
Forecast & Opportunities, 2027”,
Saudi Arabia endoscopy devices market is anticipated to grow with an impressive
CAGR in the forecast period, 2023-2027 on the account of increasing demand for
advanced technologies being incorporated in the healthcare facilities. Surging
instances of gastric cancer is also most important factor behind the growth of
the Saudi Arabia endoscopy devices market in the upcoming five years.
Also, surging instances of lifestyle diseases that
causes stomach disorders, or other stomach diseases, or may enhance the risks
of contracting such diseases in the patient is anticipated to support the
growth of the Saudi Arabia endoscopy devices market in the next five years. Technological
advancements like 3D imaging, minimally invasive approach etc. substantiates
the growth of the Saudi Arabia endoscopy devices market in the future five
years.
Consistent research and increasing investments from
the global giants toward innovative product development further aids the growth
of the Saudi Arabia endoscopy devices market in the forecast years. Demand for minimally
invasive devices to provide painless diagnostic test, and faster relief to the
patient, the demand for the endoscopy devices is further increasing and thus
drives the growth of the Saudi Arabia endoscopy devices market in the forecast
period.
Although, in the recent event of COVID-19,
endoscopic procedures were decreased, since the healthcare services were
fixated n dealing with emergency situations. Thus, the demand for endoscopic
devices were mildly affected, but the market growth is anticipated to overcome
the drawbacks in near future and record anticipated growth in the next five
years.
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The
Saudi Arabia endoscopy devices market is segmented by type, application, end
user, competitional landscape, and regional distribution. Based on type, the
market is further differentiated into rigid endoscopes, flexible endoscopes,
capsule endoscopy, disposable endoscopes, and others. Flexible endoscopes are
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on the ground of advantages of the
device to perform minimal invasive procedure.
Moreover,
the device also allows faster healing and less painful experience for the
patient, thus surging in the demands. Capsule endoscopy devices are expected to
register fastest growing CAGR value in the next five years on the grounds of technological
advancement. A capsule in-built camera is inserted, as simple as swallowing a
pill. This camera enters the gastro-intestinal tract and takes images of the
tract and sends the images to the detector screens. Later on, the capsule cam
leaves the body through excretion.
On
the basis of application, the market segment is bifurcated into
gastrointestinal endoscopy, laparoscopy, bronchoscopy, obstetrics/gynecology
endoscopy, and others. Gastrointestinal endoscopy is anticipated to hold the
largest revenue shares of the market and dominate the market segment in the
upcoming five years on the grounds of increasing instances of gastric cancer.
Increasing geriatric population of the country, and rising instances of
colorectal cancer among the geriatric population further supports the growth of
the Saudi Arabia endoscopy devices market in the future five years.
A partial list of major market players of the Saudi Arabia endoscopy
devices market includes:
·
Karl Storz
Saudi Arabia
·
Ambu A/S
·
Hill-Rom
Company, Inc.
·
Fujifilm
Saudi Arabia
·
Olympus
Saudi Arabia
·
Stryker
Saudi Arabia
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“Hospitals & clinics
are anticipated to register highest demands for the endoscopy devices.
Increasing demands for the endoscopy devices in the hospitals and clinics is
majorly due to growing patient burden in the hospitals. Moreover, availability
of the experts, doctors and technicians to conduct the procedure and provide
report for the detailed analysis of the conditions further supports the growth
of the market. Investments and higher availability of the healthcare expenses
further supports the growth of the Saudi Arabia endoscopy devices market. Also,
technological advancements, consistent research and innovative product development
for the best possible patient care further supports the growth of the Saudi
Arabia endoscopy devices market in the upcoming five years,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Saudi
Arabia Endoscopy Devices Market By Type (Rigid Endoscopes, Flexible Endoscopes,
Capsule Endoscopy, Disposable Endoscopes, Others), By Application
(Gastrointestinal Endoscopy, Laparoscopy, Bronchoscopy, Obstetrics/Gynecology
Endoscopy, Others), By End User (Hospitals & Clinics, Diagnostic Centers,
Others), By Region, Competition
Forecast & Opportunities, 2027” has evaluated the future
growth potential of Saudi Arabia endoscopy devices market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in Saudi Arabia endoscopy devices market.
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