Chile Endoscopy Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chile Endoscopy Devices Market Analysis
Endoscopy allows both operations on more fragile patients, notably the elderly, and the treatment of more complex diseases, such as cancer. Other benefits of endoscopy include reduced post-operative pain and risks of complications, rapid healing, lighter anesthesia, and a shorter period of hospital stay. Surgery, interventional radiology, and advanced endoscopy have all developed minimally-invasive techniques to effectively treat a variety of diseases, in order to bring about a positive impact on patients' postoperative outcomes. The growing preference for minimally-invasive surgeries, increasing adoption of endoscopes for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors that are leading to the growth of the market. However, the lack of skilled technicians and infections caused by few endoscopes are hindering the market growth.
Chile Endoscopy Devices Market Trends
This section covers the major market trends shaping the Chile Endoscopy Devices Market according to our research experts:
Endoscopy Visualization Systems Segment is Expected to Witness Rapid Growth in the Market Studied
Based on the product, the global market is segmented into endoscopes, visualization equipment, endoscopic operative devices, others. Endoscopy visualization systems are estimated to grow at the highest CAGR during the forecast period. The growth rate of this segment can be primarily attributed to the rising adoption of minimally invasive procedures, increasing technological advancements, and improving healthcare infrastructure in the region. The increasing preference for HD visualization systems by medical professionals is due to assistance that they provide in the diagnosis and treatment of complex diseases such as cancer, gastrointestinal disorders, cardiovascular disorders, urinary disorders, and during minimally invasive surgical procedures. Therefore, the rising geriatric population, increasing the patient pool is boosting the segment growth.
Application wise Gastrointestinal segment has the highest growth rate in the forecast period. Rising geriatric population, improving healthcare infrastructure, and increasing the number of colonoscopy procedures in the country is boosting the segment. Increasing cases of colorectal cancers in the country is boosting the segment. According to Globocan 2018, there were 5914 new cases of colorectal cancer are registered for the year.
Chile Endoscopy Devices Industry Overview
The Chile Endoscopy Devices Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players are Boston Scientific Corporation, Medtronic PLC, Johnson and Johnson, Pentax Medical.
Chile Endoscopy Devices Market Leaders
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Boston Scientific Corporation
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Medtronic PLC
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Johnson and Johnson
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KARL STORZ
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PENTAX Medical
*Disclaimer: Major Players sorted in no particular order
Chile Endoscopy Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Adoption of Endoscopy for Treatment and Diagnosis
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4.2.2 Growing Preference for Minimally-invasive Surgeries
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4.2.3 Technological Advancements Leading to Enhanced Applications
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4.3 Market Restraints
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4.3.1 Lack of Skilled Technicians
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4.3.2 Infections Caused by Few Endoscopes
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type of Device
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5.1.1 Endoscopes
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5.1.2 Endoscopic Operative Device
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5.1.3 Visualization Equipment
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5.2 By Application
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5.2.1 Gastroenterology
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5.2.2 Pulmonology
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5.2.3 Orthopedic Surgery
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5.2.4 Cardiology
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5.2.5 ENT Surgery
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5.2.6 Gynecology
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5.2.7 Neurology
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5.2.8 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Boston Scientific Corporation
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6.1.2 Medtronic PLC
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6.1.3 Johnson and Johnson
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6.1.4 KARL STORZ
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6.1.5 PENTAX Medical
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6.1.6 Richard Wolf GmbH
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6.1.7 Fujifilm Holdings Corporation
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Chile Endoscopy Devices Industry Segmentation
Endoscopes are minimally-invasive devices and can be inserted into natural openings of the body, to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. The endoscopy devices market has been segmented on the basis of type of device, application
Chile Endoscopy Devices Market Research FAQs
What is the current Chile Endoscopy Devices Market size?
The Chile Endoscopy Devices Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Chile Endoscopy Devices Market?
Boston Scientific Corporation, Medtronic PLC, Johnson and Johnson, KARL STORZ and PENTAX Medical are the major companies operating in the Chile Endoscopy Devices Market.
What years does this Chile Endoscopy Devices Market cover?
The report covers the Chile Endoscopy Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chile Endoscopy Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chile Endoscopy Devices Industry Report
Statistics for the 2024 Chile Endoscopy Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chile Endoscopy Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
