Published: Jan, 2019

Transparency Market Research (TMR) notes that the global endoscopy devices market is categorized by the presence of several large and small players operating in it. The rivalry between the players is likely to increase as they aim at offering technologically advanced products through their widespread distribution channels.

Among the multiple strategies adopted by the players in the global endoscopy devices market to stay ahead of competition, product innovation has paid off the most. The global endoscopy devices market is expected to grow steadily due to the existence of large players who are investing in innovative branding ideas. Some of the leading players in the global endoscopy devices market are Ethicon Endo-Surgery, Boston Scientific, Olympus, and Stryker.

The TMR report projects the global endoscopy devices market to register a promising CAGR of 7.6% from 2016 to 2024. By the end of 2024, the market will be worth US$14.8bn, predicts the report.

Out of the various types of endoscopy devices, the demand for endoscopy visualization systems is expected to remain high in the next few years as they provide high definition insight observation of the organs. Region wise, Asia Pacific is expected to lead the global endoscopy devices market in the coming years. This is attributed to flourishing healthcare industry in the region.

endoscopy-devices-market

Increasing Incidence of Laparoscopy Surgeries Stoke Demand in Global Endoscopy Devices Market

Endoscopy devices help in detecting diseases and can reduce post-surgery complications. These devices are lighted medical devices which are extensively used in executing therapeutic interventions inside the visceral organs of the body. Rising incidence of cancer, rapid changes in demographics and lifestyles, and burgeoning population are factors driving the global endoscopy devices market.  Endoscopy is mostly carried out to examine ulcers, digestive tract bleeding, abdominal pain, and abnormal growth of the colons. Growing aged population suffering from various diseases such as gastro-oesophageal reflux disorder, gastrointestinal problem, and ophthalmic diseases, and increasing demand for minimal post-surgery scars are boosting the global endoscopy devices market.

Endoscopy devices are widely used in surgeries such as laparoscopy, arthroscopy, cystoscopy, mediastinoscopy, and bronchoscopy. The incorporation of endoscopy devices into such surgeries helps in directly observing the insight of the organs. These devices provide high definition two dimensional and three dimensional images. Furthermore, rising laparoscopic surgeries such as appendectomy, cholecystectomy, and hernia repairs, and rapid technological advancement in diagnosis, visualization, and surgical endoscopic treatment are fuelling the global endoscopy devices market. Along with this, increasing demand for endoscopic technologies for surgeries, rising awareness about advantages of endoscopy devices among medical professionals and patients, and growing demand for minimization of staying times in hospitals are propelling the global endoscopy devices market.

High Cost of Endoscopy Devices Hinder Global Endoscopy Devices Market Growth

Rising preference of other medical devices over the endoscopy devices, is one of the main challenges the global endoscopy devices market needs to overcome. Apart from this, highly expensive endoscopic treatments and costly endoscopy devices are also negatively impacting the market. Nevertheless, launch of less costly endoscopy devices will help underpin growth momentum in the next couple of years.

The study presented here is based on a report by Transparency market research, titled “Endoscopy Devices Market - (Device - Endoscope Devices, Endoscopic Operative Devices, and Visualization Systems); Application - Urology/Gynecology Surgeries, ENT Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries) - Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.

The global endoscopy devices market is segmented based on:

Global Endoscopy Devices Market, by Device

  • Endoscope Devices
  • Rigid Endoscope
  • Flexible Endoscope
  • Capsule Endoscopy
  • Robot-assisted Endoscopy
  • Endoscopic Operative Devices
  • Energy Systems
  • Suction/Irrigation Systems
  • Access Devices
  • Operative Hand Instruments
  • Visualization Systems
  • Endoscopic Ultrasound Devices
  • Standard-definition Visualization Systems
  • Standard-definition Two-dimensional Visualization Systems
  • Standard-definition Three-dimensional Visualization Systems
  • High-definition Visualization Systems
  • High-definition Two-dimensional Visualization Systems
  • High-definition Three-dimensional Visualization Systems

Global Endoscopy Devices Market, by Application

  • Urological/Gynecological Surgeries
  • ENT Surgeries
  • Neuro/Spinal Surgeries
  • Laparoscopic Surgeries

Global Endoscopy Devices Market, by Region

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • New Zealand
  • Singapore
  • Rest of Asia Pacific

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

Contact

Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com