Market Trends of Chile Endoscopy Devices Industry
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.
