Global endoscopy devices market to reach $36.5B by 2022: 6 key trends

A Credence Research report shows that the global endoscopy devices market is expected to grow at a rapid rate from 2016 to 2022, according to a Mobile Computing Today report.

Here are six trends:

1. The market was valued at $22.6 billion in 2015.

2. The market is expected to reach $36.5 billion by 2022.

3. It is predicted to grow at a compound annual growth rate of 7 percent through 2022.

4. The growing incidence of gastrointestinal conditions and colon cancer as well as the high demand for minimally invasive surgeries will spur the market's growth.

5. The availability of favorable reimbursement policies for endoscopic procedures will also contribute to the market's growth.

6. The Asia-Pacific region is the fastest growing regional market, due to growing medical tourism and development of enhanced healthcare infrastructure.

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