Brazil Endoscopy Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

Brazil Endoscopy Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Brazil Endoscopy Devices Market size is estimated at USD 0.96 billion in 2024, and is expected to reach USD 1.29 billion by 2029, growing at a CAGR of 5.98% during the forecast period (2024-2029).

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.

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 anaesthesia, 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 awareness among the elderly population about minimally-invasive procedures and the rising prevalence of chronic diseases, worldwide, boosts the demand for endoscopy devices.

Brazil Endoscopy Devices Market Trends

The Gynecology Segment is Expected to Show Better Growth in the Forecast period.

The high growth of the gynaecology segment is due to the fact that the gynecologic laparoscopic procedure is one of the common, minimally-invasive procedures performed to obtain a clear picture of the pelvic region. Uterus, ovaries, and fallopian tubes can be examined with a pelvic laparoscopy. These devices are also used for fibroids removal, uterus, ovarian cysts, lymph nodes, or an ectopic pregnancy, detection of cancer of the ovary, uterus, and cervix. Therefore, with the rising burden of gynecologic cancer and the rising demand for these devices, the market is expected to witness rapid growth over the forecast period.

Brazil Endoscopy Devices Industry Overview

The Brazil Endoscopy Device Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Boston Scientific Corporation, Johnson and Johnson, Medtronic PLC, KARL STORZ, Olympus Corporation, Cook Group Incorporated, Conmed Corporation, Fujifilm Holdings Corporation, and Richard Wolf GmbH.

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