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The Africa endoscopy devices market size is estimated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the technological advancements and improvement in value chain analysis.
Endoscopy device is a medical instrument that consists of a flexible tube attached with light emission mirrors and optical fibers. The corners, twists, and bends on the device allows direct visualization of body organs.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing cases of obesity patients is expected to facilitate the growth of the market.
- Easy availability of endoscopy devices is anticipated to propel the market growth.
- Substitute of endoscopy device is CT Scan which is safe for patient and can hinder the market growth.
- High cost and strict government policies can create barrier for the growth of the market.
- Rising number of funding from government organizations and United Nations (UN) for healthcare infrastructure is speculated to create opportunity in the projected timeline.
Key Players
- B Braun Melsungen AG
- Boston Scientific Healthcare
- Karl Storz GmbH & Co. KG
- Medtronic PLC
- Stryker Corporation
Competitive Landscape
Key players competing in the market are B Braun Melsungen AG; Boston Scientific Healthcare; Karl Storz GmbH & Co. KG; Medtronic PLC, and Stryker Corporation.
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