Slowing Growth Projected for Gastrointestinal Endoscope Market Due to Refurbished Device Sales

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According to a recent report by iData Research, the U.S. gastrointestinal endoscope market is expected to see stable growth with steady unit sales increases. This market is anticipated to cross the USD billion-dollar threshold this year.

Unit sales growth as a whole is primarily being driven by emerging segments, such as the markets for double-balloon and ultrasound endoscopes.

April 8, 2015 – Vancouver, BC – According to a recently published report by iData Research (http://www.idataresearch.com), the affordability of third-party refurbished endoscopes is leading to a shift towards the purchase of these second-hand devices at the expense of new endoscope sales. Companies are offering extensive warranties, which are comparable to those offered by original manufacturers. Purchasers are seeing refurbished or repaired endoscopes as a competitive option in comparison to brand new models.

However, newer endoscope technologies are not as affected by third-party refurbished device vendors. “Established endoscope market segments are experiencing modest unit sales growth. That said, unit sales growth as a whole is primarily being driven by emerging segments, such as the markets for double-balloon and ultrasound endoscopes,” explains Dr. Kamran Zamanian, CEO of iData. “Sales trends are expected to taper off towards stability, leading to slowing growth in the overall gastrointestinal endoscope market.”

Other key findings from the iData Research report entitled U.S. Market for Gastrointestinal Endoscopic Devices:

Changes in Average Selling Price
The ASP of the total gastrointestinal endoscope market has remained fairly stable, even as the market share of device segments shift. However, the market share of refurbished endoscopes, which are sold at significantly discounted prices, is increasing. As the market for refurbished endoscopes continues to gain traction, the overall ASP is projected to decline.

Leading Competitors
Olympus leads the market for gastrointestinal endoscopes, accounting for a vast majority of revenues. The company has an extensive network of distributors, and a far-reaching sales force. This has allowed the company to retain its market share, while capturing a large percentage of any developing endoscope markets. Olympus continues to expand its product line, and is able to commercialize their endoscopes by bundling them with accessories, resulting in added sales and increased market penetration.

Other notable competitors in the U.S. gastrointestinal endoscope market include Pentax and Fujinon.

The full iData report includes market share analysis across 8 distinct market segments, and also covers third-party endoscope refurbishment and repair market competitive analysis. Leading competitors in endoscope refurbishment and repair in the U.S. include Integrated Medical Systems, SterilMed, Total Repair Express and DRE Medical.

For Further Information
More on the gastrointestinal endoscope market in the U.S. can be found in the report published by iData entitled U.S. Market for Gastrointestinal Endoscopic Devices. This report covers the U.S. market segments for gastrointestinal endoscopic devices, capsule endoscopy, virtual colonoscopy, stenting and dilation devices, endoscopic retrograde cholangiopancreatography devices, biopsy forceps, polypectomy snares, fine aspiration needles, specimen and foreign-body removal devices, hemostasis devices, anti-reflux devices, enteral feeding devices, and Barret’s esophagus ablation devices.

The iData series on the market for gastrointestinal endoscopic devices covers the U.S., Brazil, China, Canada, India, Japan, and 15 countries in Europe. Full reports also provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.

Register online or email us at info(at)idataresearch(dot)net for a U.S. Market for Gastrointestinal Endoscopic Devices report brochure and synopsis.

About Procedure Tracker
Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by country, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.

About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.

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Marvin Cidamon
iData Research
+1 (604) 266-6933 Ext: 205
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Marvin Cidamon
iData Research
604-266-6933 205
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