(PRWEB) May 11, 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" - http://www.marketsandmarkets.com/Market-Reports/endoscopy-devices-market-689.html.
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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.
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.
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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.
The other key players also follow various key growth strategies such as new product launches, acquisitions, expansions, agreements, partnerships, collaborations, and joint ventures. For instance, Smith & Nephew undertook the highest number of acquisitions while Richard Wolf GmbH launched the largest number of new products from 2010 to 2013. Furthermore, Hoya Corporation has been the most aggressive and competent firm in the same period. The firm has actively implemented most of the above mentioned strategies. Thus, companies are investing efforts and resources in these strategies that help them gain a competitive advantage in the endoscopy equipment market.
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 Rest of World (RoW) region—which includes South America, the Middle East and North Africa, and the Pacific countries—is likely to witness steady growth in the endoscopy market. This is due to the increasing focus of key players on the Middle Eastern countries and Brazil, the increasing number of endoscopy training workshops and investments in Australia, and several government initiatives in New Zealand to develop an efficient workforce for endoscopy services.
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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