Sarasota, FL, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Zion 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 demand for 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.
Endoscopes are minimally invasive and can be inserted into the natural body openings body including anus or mouth. On the other hand, it can be inserted into small incisions, for example in the knee. This is referred to as an arthroscopy. Surgery which is completed via a small incision and assisted with special instruments like the endoscopes is known as keyhole surgery. Elevated popularity of minimally invasive procedures and escalating prevalence of disorders which needs endoscopic procedures surge the demand of endoscopy devices.
Browse through 29 Market Tables and 38 Figures spread over 110 Pages and in-depth TOC on “Global Endoscopy Devices Market - By Device Type, Products, Applications, Industry Size, Share, Trends, Companies and Forecast 2015-2021”.
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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 U.S.
Endoscopy devices market in Europe is experiencing steady growth over the past couple of years on account of recovering 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.
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Asia-Pacific is expected to grow at 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.
Endoscopy market in the Middle East and Africa and Latin America is predicted to show moderate growth. The 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. The 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.
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North America dominated global endoscopy devices market due to the 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.
This report segments the global endoscopy devices market as follows:
Global Endoscopy Devices Market: Product Segment Analysis
- 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
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Global Endoscopy Devices Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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