Endoscopy Devices Market (Colonoscopy, GI Endoscopy) Worth $37.9 Billion by 2018 - New Report by MarketsandMarkets
(PRWEB) March 12, 2014 -- The “Endoscopy Equipment Market by Endoscopes (Rigid, Flexible, Capsule), by Visualization Systems (HD, 3D Camera, Wireless Display & Monitor), Others (Endoscopic Ultrasound, Carts), by Application (Colonoscopy, GI Endoscopy) - Global Forecasts to 2018 ” analyzes and studies the major market drivers and restraints in North America, Europe, Asia, and the Rest of the World.
Browse 183 market data tables and 83 figures spread through 511 pages and in-depth TOC on “Endoscopy Equipment Market"
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This report studies the global endoscopy equipment market over the forecast period of 2013 to 2018. The market is estimated at $28.2 billion in 2013 and is expected to reach $37.9 billion by 2018, growing at a CAGR of 6.1% from 2013 to 2018.
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The global endoscopy equipment market is categorized into two broad segments—products and applications. Based on products, the endoscopy market comprises endoscopes, visualization equipment, and other instruments and accessories. The endoscopes market is further segmented into rigid endoscopes, flexible endoscopes, surgical endoscopes, and capsule endoscopes.
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The market for visualization equipment is further segmented into endoscopy cameras, video processors, video convertors, camera heads, light sources, wireless displays and monitors, transmitters and receivers, and others.
The market for other instruments is broadly segmented into electronic and mechanical instruments. The electronic instruments segment comprises insufflators, endoscopy fluid management systems, endoscopy ultrasound systems, and others. The mechanical instruments segment comprises biopsy forceps, graspers, snares, trocars and cannulae, endoscopic implants, and others. The report also includes the endoscopic accessories market, which comprises carts/trolleys, cleaning brushes, overtubes, fluid flushing devices, biopsy valves, and others.
Over the years, the demand for endoscopy has increased significantly because of the growing preference for minimally invasive surgeries. Apart from being minimally invasive, endoscopic procedures are also cost effective in terms of pre- and post-operation care costs and length of stay at hospitals. The technological advancements and breakthroughs in the field of endoscopy are expected to drive the global endoscopy equipment market in the coming years. The advancements in technology have resulted in several improvisations, including increased angles in the field of view in endoscopes, reduced outer diameters of scopes, endoscopy systems that are integrated with high-resolution technologies such as 3D systems, capsule endoscopes, and miniaturized endoscopy systems. The other factors that are driving the growth of the global endoscopy equipment market include the favorable reimbursement scenario in select geographies, the growing aging population, and the increasing prevalence/incidence of diseases that require endoscopy procedures.
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North America holds the largest share of the global endoscopy equipment market, followed by Europe and Asia. However, the growth in the endoscopy market is likely to be focused on the fast-growing Asian region owing to increased healthcare spending by the government in China; the increasing number of endoscopic surgeries; the improving endoscopic infrastructure in India; the establishment of training centers for endoscopy in India, China, Japan, and others; wide support for endoscopy-related research activities in Japan; and increased patient awareness about minimally invasive surgeries (MIS) in Asia.
The major players in the global endoscopy equipment market include Ethicon (Johnson & Johnson) (U.S.), Olympus Corporation (Japan), Covidien Plc (Ireland), Karl Storz GmbH (Germany), Boston Scientific, Inc. (U.S.), Stryker Corporation (Japan), Cook Medical Incorporated (U.S.), Hoya Corporation (Pentax Medical System) (Japan), Fujifilm Holding Corporation (Fujinon) (Japan), Richard Wolf GmbH (Germany), Smith and Nephew, Inc. (U.S.), and Conmed Corporation (U.S.)
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