Endoscopy Devices Market
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<strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong> by Product (Endoscopes, Visualization & Documentation<br />
Systems, Mechanical <strong>Endoscopy</strong> Equipment, Accessories, and Other <strong>Endoscopy</strong><br />
Equipment), by Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology<br />
<strong>Endoscopy</strong>, Neuroendoscopy, Gastrointestinal <strong>Endoscopy</strong>, Gynecology <strong>Endoscopy</strong>, ENT<br />
<strong>Endoscopy</strong>, and Others)<br />
Global <strong>Endoscopy</strong><br />
<strong>Devices</strong> <strong>Market</strong><br />
Opportunities and Forecasts,<br />
2014 – 2022
INTRODUCTION<br />
An endoscope is a lighted, medical device used to execute diagnostic and therapeutic interventions<br />
inside the hollow cavities and visceral organs of the body such as the brain, esophagus, lungs,<br />
abdomen, gastrointestinal (GI) tract, and others.<br />
<strong>Endoscopy</strong> is carried out to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal<br />
growths in the colon and other abdominal & gastrointestinal conditions. The minimally invasiveness<br />
of this procedure with fewer post operation complications makes it one of the most preferred and<br />
sought-after procedures in diagnostics and surgery.<br />
Rise in prevalence of diseases that require endoscopy procedures such as cancers and<br />
gastrointestinal diseases is one of the prime reasons that drives the growth of endoscopy devices<br />
market. preference for the minimally invasive nature of endoscopy devices propel the market<br />
growth.<br />
Global <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong>
Current and Future <strong>Market</strong> Scenario<br />
• In the year 2015, Endoscopes was the leading product type, and is projected to grow<br />
at a CAGR of 6.0%.<br />
• In 2015, North America is projected to continue its lead, accounting for more than<br />
one-third share of the global endoscopy devices market.<br />
• The <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong> has witnessed moderate growth during the past few<br />
years and is expected to grow at a CAGR of 5.7% during the forecast period.<br />
• <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong> is expected to garner $40,854 million by 2022, Globally.<br />
• The laparoscopic interventions is anticipated to generate the highest revenue of<br />
$9,350 million<br />
Global <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong>
Factors Contributing to <strong>Market</strong> Growth<br />
• Cancers and Gastrointestinal diseases is one of the prime reasons that drives the<br />
growth of endoscopy devices market.<br />
• In addition, presence of highly sophisticated healthcare infrastructure, rise in<br />
measures for preventive healthcare, and favorable reimbursement scenario<br />
propelled the market growth.<br />
Other factors that contribute to market growth are:<br />
• Technological advancements<br />
• Rise in prevalence rate of diseases that require endoscopy devices<br />
• Growth in patient preference for minimally invasive surgeries<br />
• Favorable FDA approvals and reimbursement policies in developed economies<br />
• Shorter recovery time and minimal post-operative complications<br />
Global <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong>
<strong>Market</strong> Segments<br />
By Product<br />
• Endoscopes<br />
• Visualization & documentation systems<br />
• Mechanical endoscopy equipment<br />
• Accessories<br />
• electronic endoscopy equipment<br />
By Application<br />
• Bronchoscopy<br />
• Arthroscopy<br />
• Laparoscopy<br />
• Urology endoscopy<br />
• Neuroendoscopy<br />
• Gastrointestinal endoscopy<br />
• Obstetrics/gynecology endoscopy<br />
• ENT endoscopy<br />
By End user<br />
• Hospitals<br />
• Clinics<br />
Global <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong>
Top Impacting Factors of <strong>Endoscopy</strong> <strong>Devices</strong><br />
<strong>Market</strong><br />
Global <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong>
Leading Players<br />
• Product development and expansion were the key strategies followed by the leading<br />
companies to strengthen their market positions.<br />
• The leading players in the Global <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong> are highly focused to<br />
expand their business operations in the fast-growing emerging countries with new<br />
product launches as the preferred strategy.<br />
• Olympus Corporation, HOYA Corporation, Fujifilm Holdings Corporation, Boston<br />
Scientific Corporation, CONMED Corporation, Stryker Corporation, Smith & Nephew<br />
Plc, Medtronic Plc, KARL STORZ GmbH & Co. KG, and Johnson & Johnson are key<br />
players in this industry.<br />
Global <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong>
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Global <strong>Endoscopy</strong> <strong>Devices</strong> <strong>Market</strong>
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