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  • Healthcare_medical
  • Innovations and Opportunities in the $503 Million Surgical Suction Instruments Market by 2029 https://www.marketsandmarkets.com/Market-Reports/surgical-suction-instruments-market-129636225.html The global surgical suction instruments market is projected to reach 503 million in 2029 from USD 375 million in 2024, at a CAGR of 6.1% between 2024 and 2029. The rising technological advancemnets and increasing geriatric population is driving the growth of the market. As the global population ages, the number of chronic diseases is increasing which is expected to drive the market growth. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129636225 Elderly patients often experience age-related decline in appetite or swallowing difficulties, making enteral feeding a vital support system. Based on type, the surgical suction instruments market is segmented into retractors, yankauer suction tube, poole suction tube, frazier suction tip, others. The yankauer suction tube accounts for the largest share in the surgical suction instruments market, the bulbous tip design and wide opening allow for efficient suction of blood, fluids, and debris from the surgical field. This improves visibility and reduces the risk of obscuring critical structures. which is expected to drive the segment growth. Based on application, the surgical suction instruments market is segmented into general surgery, neurosurgery, orthopedic surgery, cardiovascular surgery, dental surgery. The general surgery accounts for the largest share in the surgical suction instruments market, Surgical suction instruments play a vital role in various aspects of general surgery, contributing to a clean and efficient operative environment. Suction removes blood, fluids, and debris from the surgical site, allowing the surgeon a clear view of the underlying anatomy. This is crucial for precise dissection, minimizing the risk of unintended injury to vital structures which is expected to drive the market growth. In 2023, North America accounted for the largest share of the surgical suction instruments market, followed by Europe and Asia Pacific. The United States and Canada have well-equipped hospitals and a strong focus on advanced medical care, which supports the adoption of surgical suction instruments, also compared to established markets like North America and Europe, the Asia Pacific region often offers lower labor costs, making it an attractive option for companies seeking to optimize manufacturing expenses. The major players in the surgical suction instruments market include include The prominent players in the medical device contract manufacturing market include include Olympus (Japan), Cardinal Health, Inc. (US), Stryker Corporation (US), Medtronic (Ireland), B. Braun Melsungen AG (Germany), CONMED Corporation (US), BD (US), Steris Plc (Ireland), Teleflex Incorporated (US), Carl Zeiss Meditech AG (Germany), Integra Lifesciences Holdings Corporation (US), KARL STORZ SE & CO. KG (Germany), Indosurgicals Private Limited (India), Applied Medical Technology, Inc. (US), Amsino International, Inc.(US), Surtex Instruments Limited (UK), Bionix LLC.(US), Vactechindia.Com (India), Applied Medical Resources Corporation (US), DTR Medical Ltd (UK), Sklar Surgical Instruments (US), PAJUNK (Germany), Hangzhou Kangji Medical Instrument Co.,Ltd.(China), Romsons (India), Narang Medical Limited.(India). Recent Developments of the Surgical Suction Instruments Industry: In January 2024, Olympus Corporation acquired the Taewoong Medical Co., Ltd., a Korea-based manufacturer of medical devices. This acquisition helps Olympus to strengthen its GI Endo Therapy product portfolio capabilities, contribute to improving patient outcomes through comprehensive solutions, and elevate the standard of care. In May 2023, Stryker acquired the Cerus Endovascular Ltd. (UK), a medical device company engaged in the design and development of neurointerventional devices. Cerus Endovascular’s marked products, helped to expand Stryker’s current portfolio of aneurysm treatment solutions. In September 2022, Cardinal Health, Inc. (US) announced the partnership with Kinaxis (Canada) to enhance the Kinaxis RapidResponse Platform used for supply chain agility and medical product visibility. In July 2022, Medtronic and the American Society for Gastrointestinal Endoscopy expanded the Health Equity Assistance Program for colon cancer screening with support from Amazon Web Services. Completed first installation of donated GI Genius intelligent endoscopy modules.
  • Healthcare_medical
  • Exploring the $2.4 Billion Growth in the Airway Management Devices Market https://www.marketsandmarkets.com/Market-Reports/airway-management-device-market-116806061.html The global airway management devices market is projected to reach USD 2.4 Billion by 2028 from USD 1.8 Billion in 2022, at a CAGR of 5.6% during the forecast period. The growth of this market is majorly driven by increasing demand for emergency and intensive care units, increasing growth in healthcare infrastructure development and rising pre-term birth population is supporting the growth of the market. However, dearth of skilled professional for airway management procedures may restrain the market growth during the forecast period. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116806061 Based on type, the airway management devices market has been segmented into infraglottic devices, supraglottic devices, laryngoscopes, resuscitators, cricothyrotomy kits, and other airway management devices. The Infraglottic airway management devices segment accounted for the largest market share in 2022. Increasing number of surgical procedures and emergency care is driving the adoption of infraglottic devices in the market. Based on patient age, the airway management devices market has been categorized into adult patients and pediatric /neonatal patients. In 2022, adult patients segment dominates the segment due to increasing prevalence of chronic diseases in geriatric population. Based on applications, the airway management devices market is segmented into anesthesia, emergency medicine and others. The anesthesia application segment is expected to observe highest growth rate during the forecast period which can be attributed to the growing need for maintaining a safe breathing passage to decrease the risk of anesthesia-related complications during surgery. Based on end users, the airway management devices market is segmented into hospitals, ambulatory care settings, home-care settings, and others. Hospital & diagnostic centers observe the highest growth rate during the forecast period attributed to the growing number of emergency care and intensive care beds across hospitals worldwide. Based on the region segmentation, the airway management devices market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest share and expects to dominate the airway management devices market. Growth in the North American market is mainly driven by increasing number of favorable reimbursement policies investments and rising number of acute and ambulatory care settings. Major Players: Medtronic (Ireland), ICU Medical, Inc. (US), Teleflex Incorporated (US), Ambu A/S (Denmark), ConvaTec Group Plc (UK), KARL STORZ SE & CO. KG (Germany), Flexicare Group Ltd. (UK), Intersurgical Ltd. (UK), SunMed LLC (US), Vyaire (US), Verathon Inc. (US), Sourcemark LLC (US), VBM Medizintecnik GmBH (Germany), Mercury Enterprises (US), Atos Medical (Sweden), P3 Medical (UK), Henan Tuoren Medical Device Co. Ltd. (China), BOMImed (Canada), Mederen Neotech Ltd. (Israel), and Medis Medical (UK) Ltd.(China), Olympus Corporation (Japan), Armstrong Medical Ltd. (Eakin Healthcare Group) (UK), Nihon Kohden Corporation (Japan) and Shenzen Hugemed Medical Technical Development Co. Ltd. (China) Recent Developments In 2022, SunMed Holdings (US) announced a strategic partnership with Securisyn Medical LLC (US) to enhance ventilated patient safety and broader smooth tube and catheter security. In 2022, Coloplast A/S acquired Atos Medical to add a new chronic business segment – ENT & Respiratory Care, which will run as a separate strategic unit, operating on shared Coloplast infrastructure. In 2022, ICU Medical, Inc. acquired Smiths Medical (US), which includes a syringe and ambulatory infusion devices, vascular access, and vital care products. When combined with ICU Medical’s existing businesses, it created a leading infusion therapy company.
  • Healthcare_medical
  • Market Surge: Endoscopy Equipment Expected to Hit $46.2 Billion by 2029 https://www.marketsandmarkets.com/Market-Reports/endoscopy-devices-market-689.html The global endoscopy equipment market is projected to reach USD  46.2 billion by 2029 from USD  32.3 billion in 2024, at a CAGR of 7.4%. The global endoscopy equipment market is experiencing substantial growth due to many driving factors, including surging requirement for endoscopy to diagnose and treat target diseases, increasing investments, funds, and grants by governments and other organizations worldwide, growing focus of hospitals to invest in technology advanced endoscopy instruments and expand endoscopy units, ongoing advancements in endoscopic technologies to ensure patient safety and achieve more accurate treatments, rising incidence of IBD and CRC that require endoscopy procedures. Drivers such as Increasing preference for minimally invasive surgeries, adoption of single-use endoscopy instruments to prevent infectious diseases and offer increased efficiency and safety, and rising focus of medical specialities to shift from manual to automated endoscopy reprocessing are also contributing towards the overall growth of the global endoscopy equipment market. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=689 Endoscopy Equipment Market by Product (Endoscope (Flexible, Disposible, Rigid, Capsule, Robot-assisted), Visualization Systems (Video Converters, Recorders, Processors)), Application, End User, and Region - Global Forecast to 2029 In this report, the endoscopy equipment market is segmented into product type, application type, end user, and region. Based on product type, the endoscopy equipment market is divided into endoscopes, visualization systems, other endoscopy equipment, and accessories. As of 2023, the accessories segment accounted the third largest share in the global endoscopy equipment market.The market share can be attributed to the factors that there are a side variety of accessories designed for specific procedures and functionalities and they are compatible with various models from the manufacturers.. Based on the type of applications, the endoscopy equipment market includes segments such as gastrointestinal endoscopy, laparoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology endoscopy, bronchoscopy, mediastinoscopy, ENT endoscopy, and other specialized applications. Among these, the arthroscopy segment accounted the fourth largest share of the overall endoscopy equipment market in 2023. This dominance is primarily attributed to demographic shifts, particularly the aging population in key regions like the US, China, Japan, and India. Additionally, the increased prevalence of joint injuries like ligament tears, meniscus damange, and rotator cuff injuriesamong younger adults has heightened awareness about the importance of  arthroscopy, contributing to the segment's significant growth rate. Based on end users, the endoscopy equipment market is segmented into hospitals, ambulatory surgery centers/clinics and other end user. The other end user segment accounted for the third largest share in  the endoscopy equipment market in 2023. This dominance can be attributed to several driving factors. Diagnostic Laboratories, Research Institutions has nowadays started to implement new technologies and advanced procedures. Additionally, the increasing prevalence of complex medical conditions requiring diagnostic  endoscopic procedures further amplifies the demand for such equipment within diagnostic centers, solidifying their position in this market. Based on the regions, in 2023, North America emerged as the dominant region in the endoscopy equipment market, followed by Europe, APAC, Latin America and Middle East and Africa. This leadership position is owed to substantial investments made by hospitals towards procuring advanced endoscopic equipment, coupled with a strong emphasis on research aimed at refining endoscopy techniques. Additionally, favorable reimbursement policies for endoscopic procedures in the US and the adoption of innovative funding models by  hospitals in Canada further bolstered the region's prominence. Meanwhile, in the Asia Pacific market, particularly in China and India, a higher compound annual growth rate (CAGR) is anticipated throughout the forecast period. This growth trajectory is underpinned by various factors including escalating demand for minimally invasive surgical procedures, rising healthcare expenditure, the proliferation of hospitals, an expanding patient population, continuous improvements in healthcare infrastructure, and supportive government policies promoting the use of single-use endoscopy devices. Notably, leading market players are strategically focusing on launching new products and enhancing existing ones to fortify their product portfolios and expand their distribution networks. Prominent players in the endoscopy equipment market include Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Stryker Corporation (US), Medtronic, plc (Ireland), Fujifilm Holdings Corporation (Japan), HOYA Corporation (Japan), Nipro Corporation (Japan), Smith & Nephew plc (UK), Intuitive Surgical, Inc. (US) Recent Developments of Endoscopy Equipment Industry: In November 2023, Olympus Corporation launched the EVIS X1, an advanced endoscopy system in the existing product portfolio of the company.. In September 2023, Stryker launched, 1788, a minimally invasive surgical camera, offering more vibrant image with balanced lighting. In January 2022, The Johnson & Johnson Medical Devices Companies (JJMDC) collaborated with Microsoft Corporation Inc, (US) to enable and expand JJMDC’s secure and compliant digital surgery ecosystem.
  • Healthcare_medical
  • Insightful Endoscopy Equipment: Market Trends and Opportunities https://www.marketsandmarkets.com/Market-Reports/endoscopy-devices-market-689.html The global endoscopy equipment market is projected to reach USD 46.2 billion by 2029 from USD 32.3 billion in 2024, at a CAGR of 7.4%. Endoscopy is a minimally-invasive method that uses specialised equipment to observe interior organs or tissues. These operations use a variety of tools, including scopes designed for specific procedures, anaesthetic apparatus, video screens, lighting devices, imaging technology, monitoring equipment, storage cabinets, video processors, insufflators, and carts. They are used by medical specialists such as gastroenterologists, cardiologists, nephrologists, neurologists, hepatologists, and gynaecologists to perform safe examinations and interventions. The prominent players of global endoscopy equipment market are Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Stryker Corporation (US), Medtronic, plc (Ireland), Fujifilm Holdings Corporation (Japan), HOYA Corporation (Japan), Nipro Corporation (Japan), Smith & Nephew plc (UK), Intuitive Surgical, Inc. (US), Richard Wolf GmbH (Germany), Cook Medical (US), B. Braun Melsungen AG (Germany), ConMed Corporation (US), Ambu A/S (Denmark), CapsoVision, Inc. (US), Fortimedix Surgical B.V. (Netherlands), The Cooper Companies, Inc. (US), Laborie Medical Technologies Inc. (Canada), Teleflex Incorporated (US), Carl Zeiss AG (Germany), Dantschke Medizintechnik GMBH & Co. KG (Germany), and Arthrex, Inc. (US)). These companies adopted strategies such as product launches, partnerships, acquisitions, and expansions to strengthen their presence in the endoscopy equipment market.
  • Healthcare_medical
  • Endoscopy in Gastrointestinal Procedures: Market Developments and Opportunities https://www.marketsandmarkets.com/Market-Reports/endoscopy-devices-market-689.html Endoscopy Equipment Market is projected to reach USD 40.6 billion by 2027 from USD 28.9 billion in 2022, at a CAGR of 7.0%. Endoscopy Equipment Market by Product (Endoscope (Flexible, Rigid, Capsule, Robot-assisted, Disposable), Visualization Systems (Video Converters, Recorders, Processors), Other endoscopic, Accessories), Application, End User - Global Forecast to 2027 The growth in this market is driven by Surging requirement for endoscopy to diagnose and treat target diseases, increasing investments, funds, and grants by governments and other organizations worldwide to improve healthcare infrastructure and research areas of endoscopy and Increasing preference for minimally invasive surgeries. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=689 Endoscopy Equipment Industry Key Market Players: Prominent players in the endoscopy equipment market include Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Stryker Corporation (US), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Fujifilm Holdings Corporation (Japan), Medtronic, Inc. (Ireland), HOYA Corporation (Japan), Nipro Corporation (Japan), Intuitive Surgical, Inc. (US) and Smith & Nephew plc (UK). Based on product, the endoscopes segment is expected to account for the largest share of the endoscopy equipment market The endoscopes segment accounted for the largest share of the global endoscopy equipment market in the forecast period. The large share of this segment can be attributed to the rising preference of patients and doctors for minimally invasive procedures, higher adoption rate of these equipment by end users, and ongoing advancements in endoscopy technologies. On the basis of application, gastrointestinal endoscopy segment is expected to account for the largest share of the endoscopy equipment market Based on application, the gastrointestinal endoscopy segment accounted for the largest share of the endoscopy equipment market in the forecast period. This segment is also expected to witness the highest CAGR of 7.8% during the forecast period. The highest growth rate of this segment can be subjected to the increasing geriatric population in Asia Pacific region, rising incidence of colorectal cancer (CRC) in younger adults in US and Canada, which leads to growing screening using GI endoscopy of the target population for CRC screening. Based on end user, hospitals segment holds the highest market share in the endoscopy equipment market Based on end user, the hospitals segment is likely to dominate the endoscopy equipment market during the forecast period owing to the increasing government and private funding in the healthcare sector, rising adoption of endoscopy equipment in hospitals, as well as the greater availability of skilled healthcare professionals and technologically advanced facilities. Based on Region, North America to dominate the endoscopy equipment market during the forecast period The endoscopy equipment market in North America dominated the endoscopy equipment market in the forecast period. The largest share of North America in the global market is attributed to increased prominence of IBD, high investments by hospitals to purchase new endoscopic equipment for screening of cancers, polyps and other indications, as well as the implementation of a new funding model by Canadian hospitals. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=689 Endoscopy Equipment Market Dynamics: Drivers: 1. Surging requirement for endoscopy to diagnose and treat target diseases 2. Increasing investments, funds, and grants by governments and other organizations worldwide 3. Growing focus of hospitals to invest in technologically advanced endoscopy instruments and expand endoscopy units 4. Ongoing advancements in endoscopic technologies to ensure patient safety and achieve more accurate treatments 5. Rising requirement of endoscopy procedures due to increased incidence of chronic diseases 6. Increasing preference for minimally invasive surgeries 7. Adoption of single-use endoscopy instruments to prevent infectious diseases and offer increased safety 8. Rising focus of medical specialists to shift from manual to automated endoscopy reprocessing Restraints: 1. Unfavorable healthcare reforms in US 2. High overhead costs of endoscopy procedures with limited reimbursement in developing countries 3. High risk of viral infections during endoscopic procedures Opportunities: 1. Booming healthcare sector in developing economies Challenges: 1. Product recalls witnessed by major market players 2. Infections caused by some endoscopy products offered by giant companies 3. Shortage of trained physicians and endoscopists Recent Developments: • In February 2021. Olympus Corporation (Japan) launched SIF-H190 single balloon enteroscopy solution, a endoscopy system to reach deep into the small intestine. • In June 2021, Johnson & Johnson (US) Launched the ENSEAL X1 Curved Jaw Tissue Sealer, an advanced bipolar energy device that increases procedural efficiency and provides stronger sealing and better access to more tissues. • In May 2019, FUJIFILM Corporation built a new smart manufacturing facility in the site of FUJIFILM Techno Products Co., Ltd., which is one of Fujifilm’s production bases for endoscopy products. The new manufacturing facility is fully operational from September 2019. This new manufacturing facility will utilize AI and IoT technologies to achieve high production efficiency. Browse Adjacent Market: Medical Devices Market Research Reports & Consulting Research Insight: https://www.marketsandmarkets.com/ResearchInsight/endoscopy-devices-market.asp Content Source: https://www.marketsandmarkets.com/PressReleases/endoscopy.asp
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  • ksj
  • Friedrich Engels (1820-1895): Collaborated with Karl Marx and co-authored "The Communist Manifesto," contributing to the development of Marxist theory. https://knowledgedetective.com/
  • ksj
  • Karl Marx (1818-1883): Developed Marxist theory, which analyzes the socio-economic dynamics of capitalism and advocates for a classless society. https://knowledgedetective.com/
  • Healthcare_medical
  • Insights into the Europe Endoscopy Equipment Market: Key Players and Market Dynamics https://www.marketsandmarkets.com/Market-Reports/endoscopy-devices-market-689.html The endoscopy equipment market is segmented into four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. The report "Endoscopy Equipment Market by Product (Endoscope (Flexible, Rigid, Capsule, Robot-assisted, Disposable), Visualization Systems (Video Converters, Recorders, Processors), Other endoscopic, Accessories), Application, End User - Global Forecast to 2027", is projected to reach USD 40.6 billion by 2027 from USD 28.9 billion in 2022, at a CAGR of 7.0%. The growth in this market is driven by Surging requirement for endoscopy to diagnose and treat target diseases, increasing investments, funds, and grants by governments and other organizations worldwide to improve healthcare infrastructure and research areas of endoscopy and Increasing preference for minimally invasive surgeries. In 2021, North America accounted for the largest market share, followed by Europe and the Asia Pacific. The Asia Pacific market, on the other hand, is projected to register a CAGR during the forecast period. Factors such as the growing number of hospitals, improving healthcare infrastructure, increasing healthcare expenditure, growing patient population, surging demand for minimally invasive surgeries, as well as favorable government policies for single-use endoscopy devices, boost the growth of the endoscopy equipment market in the Asia Pacific. Europe Endoscopy Equipment Market Europe accounted for the second-largest share of the endoscopy equipment market in 2021. Major factors driving the growth of the endoscopy equipment market in Europe include the rising investments by governments, increasing availability of funds to support medical innovations in the UK, the rising incidence of cancer in the UK, and the significant presence of key players in Germany. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=689 Endoscopy Equipment Market - GERMANY Germany to account for largest share of European market during forecast period. Germany’s large share can be attributed to its robust healthcare spending compared to other European regions. According to Statistisches Bundesamt (Destatis), in 2020, health expenditure in Germany amounted to EUR 440.6 billion; the total health expenditure rose by EUR 26.8 billion or 6.5% compared with 2019. Healthcare in Germany is funded by a statutory contribution system, which ensures free care through health insurance funds. Also, Statutory Health Insurance is mandatory for all individuals who earn less than USD 62,244 (EUR 56,250) per year. Insurance payments are based on the income of the individual. As a result of the favorable insurance system, expensive procedures are reimbursed, which considerably reduces the burden on patients, allowing them to opt for the most effective treatments. The favorable reimbursement scenario in the country will lead to the recommendation of endoscopy surgeries, which, in turn, will augment the demand for endoscopy devices. The rise in the aging population in Germany is leading to an increasing number of patients suffering from chronic diseases. The rising incidence of cancer is further adding to the burden on the healthcare system, resulting in an increasing demand for technological innovations and minimally invasive surgical procedures, new skills, and new responsibilities in the health workforce. In 2020, Germany reported 538,140 people who had cancer (Source: World Cancer Research Fund International, WCRF), and it is estimated that around 289,396 men and 248,744 women in the country developed cancer in 2020. Many cancers have a high chance of being cured if detected early and treated adequately, but many patients are diagnosed in late or advanced stages. It is, therefore, important to improve cancer diagnostic methods in early or even pre-syndrome stages, which highlights the need for diagnostic technologies such as endoscopy. Additionally, various organizations such as Deutsche Forschung Gemeinschaft/German Research Foundation (DFG), German Cancer Research Center (DKFZ), German Cancer Aid, Helmholtz-Association, and Max-Planck-Gesellschaft/Max Planck Society (MPG) are funding research projects for the development of technologies and therapies for the prevention and treatment of cancer. Germany is home to some major endoscopy equipment manufacturers, such as KARL STORZ, Richard Wolf GmbH, Maxer Medizintechnik GmbH, Xion GmbH, and Tekno-Medical Optik-Chirurgie GmbH. These players ensure the continuous supply of products, including the launch of new and innovative products, in the region. The significant number of endoscopy equipment manufacturers, along with continuous research pertaining to technical advancement in the country, signifies the strong potential for the endoscopy equipment market in Germany. Endoscopy Equipment Market - FRANCE High-quality healthcare system to offer coverage to all citizens Over the years, France has introduced various regulations and initiatives to improve its healthcare infrastructure. France invests around 11.1% of its GDP in healthcare, which is the second highest amongst EU countries (Source: OECD). This has aided the growth of the healthcare sector in the country. In 2018, health expenditure per capita in France was USD 4,690. The healthcare system in the country is largely financed by the government's national health insurance. According to the WHO, France’s healthcare services are ranked among the best in the world. Its significant share in the global endoscopy equipment market can be attributed to the presence of a significantly large base of the aging population. According to the US Census Bureau, in 2020, the total population of France was 65.3 million, with around 21% of the population aged 65 years and above. This figure is expected to reach nearly 23.4% by 2030. The rapid growth in the aging population is leading to high demand for age-related surgical treatments in the country, which is further driving the growth of the market of endoscopy equipment. Additionally, cancer prevalence and therapeutic surgeries are on the rise in France, which is expected to play a key role in the growth of the endoscopy equipment market in the country. Moreover, France’s government uses a statutory health insurance system (SHI), which is mandatory for all individuals. Under the SHI, a major amount is financed by the employer and employee payroll taxes. The cost of insurance for non-eligible citizens, such as long-term unemployed citizens, is covered by the state. This favorable insurance system in France reduces the healthcare cost spent by patients, which is expected to drive the adoption of advanced and effective minimally invasive treatments in the country. Endoscopy Equipment Market - UK Investments by hospitals in new and advanced endoscopy equipment to propel market The demand for minimally invasive surgeries such as endoscopy in the UK has increased due to the growing aging population, the rising cases of cancer, as well as the implementation of the National Bowel Cancer Screening Program by the National Health Survey. According to Cancer Research UK, there are more than 367,000 new cancer cases in the UK every year. Each year, more than one-third (36%) of all cancer cases in the UK are diagnosed with the elderly population (above 75 years). Treating cancer through minimally invasive surgeries in an elderly patient offers various advantages, such as minimal postoperative complications and faster recovery compared to open surgeries. The incidence rates for all cancers combined are projected to rise by 2% in the UK between 2014 and 2035. These factors have spurred investments in new endoscopy equipment or the expansion of existing endoscopy units by many UK hospitals. Some recent investments by hospitals are as follows: • In May 2021, The United Lincolnshire Hospitals NHS Trust, UK, invested GBP 1.4 million to improve patients’ access to diagnostic imaging techniques, such as endoscopy. • In July 2020, the Scottish government funded GBP 1.35 million to Raigmore Hospital Inverness, UK, to allow NHS Highland to place a temporary unit dedicated solely to endoscopy services and pay for additional staff to carry out the work. • In December 2018, Norfolk and Norwich University Hospital (NNUH, UK) moved its gastroenterology department to the Quadram Institute and expanded its endoscopy services. As UK hospitals continue to invest in purchasing new endoscopy equipment, the market in this country is expected to grow during the forecast period. Governmental initiatives for developing innovative and minimally invasive techniques for the diagnosis of cancer will accelerate the growth of the endoscopy equipment market in the UK Endoscopy Equipment Market - ITALY Receptivity of high-quality and technologically advanced diagnostic and therapeutic equipment to foster market Italy is a mature market for medical equipment, and its high per capita income and sophisticated healthcare system translate into demand for a broad range of cutting-edge medical equipment. Italy is the fourth-largest market for medical equipment and supplies in Europe after Germany, France, and the UK, with about 3,957 companies (including 42% distributors, 53% producers, and 5% service providers) and a workforce of 76,400. The COVID-19 pandemic has negatively affected the medical devices market in Italy. According to the International Trade Administration, public hospitals account for over 75% of medical device sales, with the remaining 25% of sales to the private sector. Despite having a considerable local manufacturing industry, the domestic market for medical equipment is highly dependent on imports. Major suppliers are from the Netherlands, Germany, Belgium, France, and the US, which had a 5.4% share of Italian imports, estimated at U
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