Albany, NY -- (SBWire) -- 12/29/2015 --Endoscopy is one of the technologies that have changed the way surgeries and diagnoses of diseases were done. Being minimally invasive, the adoption of endoscopy has been rapid across the globe. Faster recovery, shorter hospital stay, less chances of post surgery infection and smaller scars on the body are key merits driving the demand of endoscopy surgeries. Global endoscopy devices market has been studied from three main perspectives namely device type, applications and geographical location. Endoscopy system includes devices such as endoscopes, operative devices and visualization systems. Although visualization systems account for a larger market share, operative devices segment was found to be the fastest growing segment. Traditionally there were two types of endoscopes namely rigid and flexible, but with the technological advances capsule endoscopes and robot assisted endoscopes are added to the segment.
Operative devices include special endoscopic devices such as energy systems, suction/irrigation systems, access devices, operative hand instruments, and other devices (insufflation devices, wound protector, and snares). Operative hand instruments further comprise of various hand held devices such as graspers, forceps, suture passers, scissors and others. Visualization system encompasses the cluster of devices responsible for imaging. These include standard definition (SD) and high definition (HD) visualization systems which are further segmented into two dimensional (2D) and three dimensional (3D) systems. HD endoscopy systems were identified to be the most profitable in the visualization systems segment.
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Endoscopy devices market has also been studied from the perspective of their application in the field of medicinal surgery. Various procedures performed with endoscopy devices include gastrointestinal, urology/gynecological, ENT, cardiovascular, neuro/spinal, laparoscopy and arthroscopy surgeries. The market is further evaluated for perspective of geographical locations including North America, Europe, Asia-Pacific, and Rest of the World. Each of these geographies are also studied from point of view of major segments namely endoscope, operative devices, and visualization systems.
Endoscopy devices market report gives a complete market analysis including Porter's five force analysis, value chain analysis, and average selling price analysis. A comprehensive competitive analysis showing market share of key players in the endoscopy devices market has also been included. Market attractive analysis based on factors such as current stage of life cycle, market size, customer base, market competition, and annual growth rate reveals most lucrative geographical markets in the forecast period. Report also identifies important drivers and restraints for the endoscopy devices market. Furthermore lucrative opportunities identified after in-depth market study have also been described in the report. The endoscopy devices market report also suggests relevant recommendations for strategy formulation in the competitive endoscopy market.
Prominent market players the endoscopy devices market include Arthrex, Inc., B. Braun Melsungen AG, Boston Scientific Corporation, Cook Medical, Inc., Covidien PLC, Ethicon Endo-Surgery, FUJIFILM Holdings Corporation, HOYA Corporation, Intuitive Surgical, Inc., KARL STORZ GmbH & Co. KG, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC, and Stryker Corporation. Each of these players are profiled detailing company overview, financial overview, product portfolio, business strategies and recent developments.
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The research methodology was based on primary as well as secondary research. Interviews and discussions with a wide range of key industry participants and opinion leaders revealed real time market scenario. This primary research represented the bulk of the research efforts, which was further supplemented by extensive secondary research. A review of key players' product literature, annual reports, and press releases supports the market forecast analysis. The analysis is also supported by a detailed event impact analysis which details key historic as well as anticipated events such as product launches, updates from regulatory agencies, product recalls, mergers and acquisitions, and other events affecting market dynamics. The 107 pages endoscopy devices market reports described various market dynamics in 41 figures and charts and 7 tables.
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North America Dominated the Global Endoscopic Devices Market Owing to Presence of Well-Equipped and Better Financed Hospitals
The global market for endoscopy devices was valued at USD 24,904.4 million in 2012 and is expected to reach USD 36,897.0 million in 2019 at a CAGR of 6.8% from 2013 to 2019.