Endoscopy Devices Market to Increase at Steady Growth Rate by 2016-2021
Sarasota, FL -- (SBWIRE) -- 03/13/2017 -- Zion Market Research has published a new report titled "Endoscopy Devices Market (Endoscopes, Visualization Systems and Operative Devices) for Gastrointestinal Surgeries, Urology/Gynecology Surgeries, ENT Surgeries, Cardiovascular Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries and Arthroscopy Surgeries Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021". The global endoscopy devices market was valued at USD 29,591.27 million in 2015, and is expected to generate revenue of USD 41,813.42 million by end of 2021, growing at a CAGR of 6.12% between 2016 and 2021.
Consistent technological advancements have added new-fangled products to the endoscopy devices market. Current endoscopes, also referred as video scopes, give enhanced image quality and are more durable compared to conventional fiber optic endoscopes. Endoscopy makes it possible to detect and analyze problems within patient's body without making any large incisions. This technology is a great example of technological advancement in the medical field. Because modern endoscopy has relatively few risks, delivers detailed images, and is quick to carry out, it has proven incredibly useful in many areas of medicine.
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There were only two types of endoscopes in the market such as flexible and rigid endoscopes. With the increase in demand for ground-breaking technologies newer versions of endoscopes are gaining traction including capsule and robot assisted endoscopes. Different operative devices in the endoscopy include energy systems, access devices, suction/irrigation systems, operative hand instruments and others. Visualization systems comprises of HD systems and standard definition (SD) systems, ultrasound devices and others. With the increase in the number of minimally invasive procedures, the demand for endoscopy devices is expected to increase in the next few years. Three main types of endoscopy devices involved in the endoscopy procedure include endoscope, operative devices and visualization systems.
Device type segment of endoscopy device market includes endoscopes, visualization systems and operative devices. Endoscope segment dominated the overall market with 38.41% share in 2015. Different application areas of endoscopy devices include gastrointestinal surgeries, urology/gynecology surgeries, cardiovascular surgeries, ENT surgeries, neuro/spinal surgeries, laparoscopy surgeries, arthroscopy surgeries and others. Laparoscopy segment dominated the global endoscopy devices market and accounted for 22.91% share of the overall market in 2015.
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The number of annual GI procedures is continuing to grow on the back of the increases in general population, the growing prevalence of digestive disorders affecting all segments of the population, as well as the expanding therapeutic capabilities of the devices. Some of the key gastrointestinal (GI) disorders driving the procedural volume in this market are gastro-esophageal reflux disorder (also known as GERD or reflux), digestive cancer, gastroenteritis, dyspepsia, and gallstones. The prevalence of these conditions is significant and ever expanding
North America dominated global endoscopy devices market due to presence of well-equipped and superior financed healthcare institutions and hospitals, well informed and trained healthcare professionals. Some of the major players operating in endoscopy devices market include CONMED Corporation, Olympus Corporation, Fujifilm Holding Corporation, Karl Storz Endoscopy, Boston Scientific Corporation, Pentax Medical Corporation, Cook Medical, Inc., Stryker Corporation, Covidien PLC, and Smith & Nephew plc L. among others.
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This report segments the global endoscopy devices market as follows:
Global Endoscopy Devices Market: Product Segment Analysis
Robot Assisted Endoscope
Operative Hand Instruments
Others (Insufflation Devices, Wound Protectors, Snares)
Standard Definition (SD) Visualization Systems
High Definition (HD) Visualization Systems
Global Endoscopy Devices Market: Application Segment Analysis
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Global Endoscopy Devices Market: Regional Segment Analysis
Middle East and Africa
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