New York, NY, May 17, 2018 (GLOBE NEWSWIRE) -- 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 the 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.
Browse through 29 Tables & 38 Figures spread over 110 Pages and in-depth TOC on "Global Endoscopy Devices Market by Device Type & Applications, 2015-2021”.
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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 comprise 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 an 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 led global endoscopy devices market with 36.19% share of the overall market in 2015. This is owing to the presence of well-equipped and superior financed healthcare institutions and hospitals, well informed and trained healthcare professionals. Demand for endoscopy device is further augmented in this region due to increased use of modern instruments in treatment and diagnosis. Additionally, improved healthcare expenditure and ready acceptance of novel medical approaches such as robot-assisted technologies further impels the demand and scope for endoscopic devices in the U.S.
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Endoscopy devices market in Europe is experiencing steady growth over the past couple of years on account of recovering the economy and novel screening programs along with high demand for GI screening and intervention procedures. In Europe, though great strides have been made to promote and reimburse colorectal screening, some markets remain suppressed due to limited reimbursement policies, such as Portugal and Italy.
Asia Pacific is expected to grow with the highest CAGR during the forecast period. Ongoing developments of medical imaging devices, rising healthcare awareness and highest contribution towards burden of the majority of the diseases are expected to surge demand of endoscopy devices in this region. Considering several market dynamics, market players are eying Asian countries such as China, India and Japan for profitable opportunities in near future.
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Endoscopy market in the Middle East and Africa and Latin America is predicted to show moderate growth. Increase in preference of minimally invasive surgeries in Latin America is due to higher rate of patient comfort in terms of minimum recovery time and shorter hospital stay. Minimally invasive surgery market in Latin America was led by Brazil with over 50% market share in this region. Endoscopy devices market in Latin America is led by tremendous growth in minimally invasive procedures in this region.
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
- Endoscope
- Rigid Endoscope
- Flexible Endoscope
- Capsule Endoscope
- Robot-Assisted Endoscope
- Operative Devices
- Energy Systems
- Suction/Irrigation Systems
- Access Devices
- Operative Hand Instruments
- Others (Insufflation Devices, Wound Protectors, Snares)
- Visualization Systems
- Ultrasound Devices
- Standard Definition (SD) Visualization Systems
- High Definition (HD) Visualization Systems
Global Endoscopy Devices Market: Application Segment Analysis
- Gastrointestinal Surgeries
- Urology/Gynecology Surgeries
- ENT Surgeries
- Cardiovascular Surgeries
- Neuro/Spinal Surgeries
- Laparoscopy Surgeries
- Arthroscopy Surgeries
- Others
Global Endoscopy Devices Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
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