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Endoscopy equipment market worth 33.6 billion USD by 2020 according to new research report

Endoscopy equipment market worth 33.6 billion USD by 2020 according to new research report

A new market research report "Endoscopy Equipment Market by Product (Endoscopes (Flexible, Rigid, Capsule), Visualization Systems, Other Endoscopy Equipment (Electrical, Mechanical), Accessories), by Application (Laparoscopy, Bronchoscopy, GI Endoscopy) - Trends & Global Forecasts to 2020", published by MarketsandMarkets, analyzes and studies the major market drivers, restraints/challenges, and opportunities. This report reveals the global market is expected to reach USD 33.6 Billion by 2020 from USD 23.8 Billion in 2015, at a CAGR of 6.1% for the forecast period of 2015 to 2020

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Browse 507 market data Tables and 61 Figures spread through 439 Pages and in-depth TOC on"Endoscopy Equipment Market"

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The global endoscopy equipment market is segmented on the basis of products, applications, and regions.

Based on products, the endoscopy equipment market is categorized into endoscopes, visualization systems, other endoscopy equipment, and accessories. Endoscopes are further segmented into flexible, rigid, and capsule endoscopes.

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Visualization systems include endoscopy cameras, camera heads, video convertors, transmitters & receivers, carts, and video recorders, among others. The other endoscopy equipment is classified into other electrical endoscopy equipment and other mechanical endoscopy equipment.

The accessories of endoscopy equipment includes channel brushes, surgical dissectors, needle forceps & needle holders, mouth pieces, and overtubes, among others. In 2015, the endoscopes segment is estimated to account for the larger share of the endoscopy equipment market.

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Based on applications,  the market is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecological endoscopy, urology endoscopy, bronchoscopy, mediastinoscopy, otoscopy, and laryngoscopy. The laparoscopy segment is expected to account for the largest share of the endoscopy equipment market in 2015.

Gastrointestinal endoscopy is expected to be the second-largest application area in 2015.

On the basis of regions, the global market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (Latin America, Middle East, and Africa). In 2015, North America is poised to account for the largest share of the endoscopy equipment market, followed by Europe and Asia-Pacific.

However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period and serve as a revenue pocket for companies offering endoscopy equipment.

Rising investments, funds, and grants by government bodies worldwide, rising number of hospitals and growing hospital investments in the expansion of endoscopy instruments, growing patient preference for minimally invasive surgeries, technological advancements, favorable reimbursement coverage in selected countries slated to propel the capsule endoscopy market, rising geriatric population, and rising prevalence of diseases that require endoscopy procedures are major factors driving the endoscopy equipment market.

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Some major players in the global Endoscopy Equipment Market include Ethicon, Inc. (U.S.), Olympus Corporation (Japan), Fujifilm Holding Corporation (Japan), Boston Scientific Corporation (U.S.), Pentax Medical Corporation (Japan), Stryker Corporation (U.S.).

KARL STORZ GmBH (Germany), Smith & Nephew plc (U.K.), Medtronic plc (Ireland), Richard Wolf GmBH (Germany), CONMED Corporation (U.S.), and Cook Medical Incorporated (U.S.)

 

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