US Gastrointestinal Endoscopy Devices Market to Reach $2.52 Billion by 2015, According to New Report by Global Industry Analysts
GIA announces the release of a comprehensive report on Gastrointestinal Endoscopy Devices market. US gastrointestinal endoscopy devices market in projected to reach $ 2.52 billion by 2015, fueled by rising incidences of gastrointestinal (GI) diseases, rapidly aging population, continuous technological developments, and demand for less invasive diagnostic equipments and procedures.
San Jose, CA (PRWEB) June 22, 2009 -- Gastrointestinal (GI) endoscopes, the largest segment of the endoscopes market is mostly utilized for the diagnosis and treatment of diseases of the stomach, esophagus, and duodenum. Growth in this dynamic market is driven by increasing acceptance of endoscopic techniques among physicians, extensive use of endoscopy procedures and video imaging techniques and technology advancements in areas such as robotics, miniaturization, and imaging. The market is also driven by an aging population, demand for preventive screening procedures such as colorectal screening, and growing awareness among people towards this medical discipline. Expanding applications coupled with increasing incidences of esophageal and colon cancer, and newer types of endoscopes such as flexible scopes and electronic videoendoscopes, will additionally help spur growth. Gastrointestinal endoscopy is rapidly exploring new opportunities for growth with growing demand for initial cancer screening tests that increase survival prospects of the patient before the risk of metastasis.
GI endoscopes are today increasingly utilized in performing common surgical procedures, and in diagnosing cancer and other diseases. The strongest traction will be exerted by the increased demand for less invasive instruments that find application in colorectal cancer diagnosis. With over 1.0 million annual cases of rectum and colon (large intestine) cancer being diagnosed worldwide, need for endoscopic surgery is expected to inevitably increase. Endoscopically performed procedures are less invasive and offer significant cost savings in terms of pre and post operation care costs and length-of-stay at hospitals. Additionally, the money saved on hospitalization, sedation, and monitoring, makes endoscopy procedures more economical for a number of procedures when compared to traditional open surgeries.
Gastrointestinal Endoscopy Devices market in the United States is expected to reach approximately $2.52 billion by 2015, as stated by the new market research report. GI Videoscopes, which hitherto dominated the market for Gastrointestinal Endoscopy Devices market, is forecasted to lose market share to Capsule Endoscopy Devices in the upcoming years. Growth in capsule endoscopy can be attributed to improved visualization, higher specificity, and painless and non-invasive diagnostic procedural features.
Key players dominating the US gastrointestinal endoscopy devices market include Boston Scientific Corporation, CONMED Corporation, Fujifilm, Hobbs Medical Inc, Hoya Corporation, Johnson & Johnson, Ethicon Endo-Surgery Inc, Cordis Corporation, KARL STORZ Endoscopy-America Inc, Olympus America Inc, Gyrus ACMI, and US Endoscopy among others.
The report titled "Gastrointestinal Endoscopy Devices: A US Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, key market trends & restraints, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and provides analytics in value sales for US Gastrointestinal Endoscopy Devices market analyzed by the following product segments - GI Videoscopes (Video Colonoscopes, Video Gastroscopes, Video Duodenoscopes, Video Ultrasound Endoscopes, and Others), Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices, Biopsy Devices, Hemostatis Devices, Capsule Endoscopy, and Other Gastrointestinal Endoscopy Devices.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Gastrointestinal_Endoscopy_Devices_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/
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