Endoscopy Systems: A Global Strategic Business Report
San Jose, California (PRWEB) August 02, 2013
Follow us on LinkedIn – The global medical device market witnessed spectacular growth over the last decade due to changing patient demographics. Endoscopy has been witnessing strong gains supported by the gradual establishment endoscopic imaging as the primary technique for detection and treatment of chronic and acute diseases driven by its unique capability of targeting hard-to-reach areas. Endoscopy procedures are also cheaper and safer, and enable quick recovery, in comparison to conventional methods making them the apt choice for gastroenterology, gynecology, otolaryngology, laparoscopy and urology. Supported by technological advancements, latest imaging technologies and changing patient demographics, the market is expected to post robust growth in the coming years. The increasing preference for disposable devices over reusable equipment is also driving growth in the market.
The global endoscopy equipment market has also received a major boost from the growing popularity of endoscopic surgery. Acceptance of endoscopic surgical techniques among general practitioners and specialists alike is a key factor driving demand in the market. Major factors spurring adoption of endoscopic surgical techniques include superior flexibility for physicians to perform surgeries in their offices, reduced recovery times, lower risks of secondary infections and better patient outcomes.
On the technology front, vendors of endoscopes have been introducing advanced and expensive products in the market. Advanced technologies such as narrow band imaging, confocal microendoscopy and HD cameras have resulted in the generation of high-quality images which in turn have increased the rate of detection and accuracy of diagnosis. Visualization systems for endoscopy, in particular, are expected to witness demand surge due to the advent of HD cameras, 3DHD systems and growing usage of HDTV three-chip system in hospitals. The emergence of new technologies that promise to improve visualization and diagnostic efficiency is therefore expected to positively benefit the market for endoscopes and related equipment.
As stated by the new market research report on Endoscopy Systems, the United States represents the single largest market worldwide. Growth in this market is led by rising demand for minimally invasive surgical procedures, high prevalence of colorectal and other gastrointestinal related diseases, and increasing health awareness among the patient base. New advancements in the medical field and introduction of preventive medicines are resulting in increase in endoscopy and other minimally invasive procedures in the country. Asia-Pacific is forecast to emerge as the fastest-growing market with a projected CAGR of 7.6% over the analysis period. Major markets for endoscopy devices in Asia-Pacific include China, India and Taiwan. Growth in Asia is driven by aging population, development in healthcare infrastructure, improvements in the quality of healthcare services, increased access to affordable healthcare and increasing healthcare spends supported by a growing base of affluent middle class population.
Major players covered in the report include Boston Scientific Corporation, Ethicon Endo-Surgery, Fujifilm Corporation, Given Imaging Ltd., Hoya Corporation, Karl Storz GmbH & Co. KG, Olympus Corporation, Richard Wolf Medical Instruments Corporation, Smith & Nephew and Stryker Corporation among others.
The research report titled “Endoscopy Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value (US$) for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The market is also analyzed by the product segments such as Endoscopes and Visualization Equipment.
For more details about this comprehensive market research report, please visit –
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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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