Absolute Report analysts expect the gastrointestinal endoscopy device market to grow significantly through 2020.
Here's what you should know:
1. Analysts believe the market will grow at a 5.09 percent compound annual growth rate through 2020.
2. Boston Scientific, Ethicon, Medtronic, Karl Stroz and Olympus are the key manufacturers in the market. However, Applied Medical, asap endoscopic products, Braun Melsungen, CareFusion and Check-Cap are making inroads.
3. In terms of geographical regions, North and South America are leading the market followed by the Asian Pacific region and Europe, the Middle East and Africa.
4. Analysts believe a large, increasing patient pool is driving market growth, however they said the risks and complications associated with GI endoscopic procedures will limit growth.
5. Capsule endoscopy will play a quintessential role in market expansion.
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