Future Market Insights believes the video endoscopy market is poised for growth, according to a new report.
Here's what you should know.
1. Based on the prominence of outer diameter endoscopy devices and the rise of the capsule endoscopy, the video endoscopy market will continue to grow.
2. The company projects that the endoscopy market as a whole will continue to see growth spurred on by an aging geriatric population requiring a greater amount of internal procedures.
3. Despite the projected growth, stiff competition among market players, the high cost of visualization equipment and an intensive product approval procedure could restrain the market in the coming years. A shortage of trained personnel is also preventing the market from reaching its full potential.
4. North America followed Western Europe are the most lucrative regions for the endoscopy video system market.
The Asian-Pacific region has the largest growth potential.
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