Market Trends of Argentina Endoscopy Devices Industry
This section covers the major market trends shaping the Argentina 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 over 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.
According to the World Health Organization report, 2018, Cardiovascular diseases constitute 28% of the mortality, followed by cancers and COPD. CVDs account for over a third of the deaths. Some of the CVD related risk factors in adults in Argentina are increasing hypertension, smoking and intake of alcohol in the country.
