Market Trends of Spain Endoscopy Devices Industry
This section covers the major market trends shaping the Spain 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.
According to the Institute for Health Metrics and Evaluation, 2017, the topmost causes of death in Spain are ischemic heart disease, stroke, COPD, lung cancer. In an article published by Héctor Bueno, Beatriz Pérez-Gómez in the journal Circulation, 2019 edition, they stated that cardiovascluar disease is the number one cause of death in Spain leading to 120,000 deaths every year. Thus, owing to the rising prevalence of cardiac diseases and benefits associated with endoscopy, the segment is expected to grow over the forecast period.
