Transparency Market Research

Demand for Cost-Effective Products to Intensify Cost War Among Vendors in Asia Pacific Endoscopy Devices Market, States TMR


Albany, NY -- (SBWIRE) -- 03/13/2017 -- The endoscopy devices market in Asia Pacific has been classified based on type of device, application, and geography (countries). Major device types include endoscopes, endoscopic operative devices, and visualization systems. Furthermore, endoscope devices include rigid endoscope, flexible endoscope, capsule endoscope, and robot-assisted endoscope. Endoscopic operative devices include energy systems, suction/irrigation systems, access devices, and operative hand instruments. Visualization systems include endoscopic ultrasound devices, standard definition (SD) visualization system, and high definition (HD) visualization systems. Based on application, the endoscopy devices market has been segmented into urology/gynecology surgeries, ENT surgeries, neuro/spinal surgeries, laparoscopy surgeries, and others. The market for these segments has been extensively analyzed based on their utility, effectiveness, sales, and country presence. Market revenue in terms of US$ Mn for the period from 2014 to 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all segments, considering 2015 as the base year.

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The market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the endoscopy devices market and could influence the market in the near future. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market across different countries. The competitive scenario among different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the Asia Pacific market.

In terms of geography, the report has been segmented into Australia, China, India, Japan, South Korea, New Zealand, Singapore, and Rest of Asia Pacific. Market revenue in terms of US$ Mn for the period from 2014 to 2024 along with CAGR % from 2016 to 2024 are provided for all the key countries considering 2015 as the base year.

Endoscopy Visualization Systems to Remain Dominant Product Variety

A variety of endoscopes, endoscopic operating devices, and visualization systems required for endoscopy procedures come under the purview of the endoscopy devices market. Of these, the segment of visualization systems presently leads the Asia Pacific endoscopy devices market in terms of revenue, accounting for over 46% of the market's overall revenues in 2015. Factors such as strengthening economies, rising population of affluent patients, and rising expenditure on health and wellness have enabled the increased adoption of costly and technologically advanced endoscopy visualization products across healthcare settings in the region in the past few years. The segment is expected to expand at an excellent pace over the forecasting horizon as well, retaining its dominant stance across key product varieties.

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Some of the leading vendors in the highly fragmented market are Boston Scientific Corporation, Ethicon Endo-Surgery, Inc., Arthrex, Inc., Fujifilm Holdings Corporation, Intuitive Surgical, Inc., Cook Medical, Inc., KARL STORZ GmbH & Co. KG, HOYA Corporation, Stryker Corporation, Olympus Corporation, Medtronic plc, and Smith & Nephew plc.