Endoscopy Systems: A Global Strategic Business Report
San Jose, California (PRWEB) November 10, 2011
Follow us on LinkedIn – Endoscopy systems occupy a significant position in the medical device market with applications extending over several areas in medical surgery. Increased focus on healthier lifestyles, advancing technologies, and growing emphasis on disease prevention is driving the demand for minimally invasive procedures, thereby increasing adoption of endoscopy systems across healthcare institutions. The market for Endoscopy Systems is primarily driven by demand pertaining to screening procedures including colorectal screening; an ageing population; as well as growing awareness of endoscopy systems among patients. With focus increasingly shifting towards healthier lifestyles, advancing technologies and an increased importance on disease prevention, usage of minimally invasive procedures is on rise, thereby increasing implementation of endoscopy. The endoscopic procedures involve less risk, less pain, enhanced patient outcomes, as well as reduced hospital stay and recovery times. Major contributors to the endoscopy market include segments such as bariatric surgery, laparoscopy as well as arthroscopy. Use of disposable instruments over conventional re-usable instruments and increased number of pet owners spending on their pet animals for treatment and diagnostic procedures is also an important growth driver for endoscopy systems market.
As stated by the new market research report on Endoscopy Systems, the US represents the single largest regional market worldwide. Advancements such as miniaturization of optics, development of portable technologies, advancements in video capsule endoscopy, and gastrointestinal endoscopy are expanding the use of endoscopy procedures. Visualization Equipment, used in imaging systems, is experiencing similar growth trend as Endoscopes. The Patient Protection and Affordable Care Act of 2010 that requires insurers to cover preventative screening procedures along with reimbursement policies introduced by insurers for most of the minimally invasive techniques are propelling endoscopy devices market in the US. Asia-Pacific represents the fastest growing regional market displaying a CAGR of 8.3% over the analysis period. Penetration of new technologies, growing economic affluence, increased health awareness and increased availability of healthcare services, enhanced governmental spending in healthcare sector are contributing to growth in the region.
Major players profiled in the report include Boston Scientific Corporation, Conmed Corporation, Ethicon Endo-Surgery Inc., FujiFilm Corporation, Hoya Corporation, Karl Storz GmbH & Co. KG, Medtronic Neurologic Technologies, Olympus Corporation, Richard Wolf Medical Instruments Corporation, and Smith & Nephew Plc.
The research report titled “Endoscopy Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for product segments Endoscopes, and Visualization Equipment across geographic markets such as US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, and Latin America and Rest of World.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Endoscopy_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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