The endoscopy equipment market report provides a picture on endoscopes, visualization systems, other endoscopy equipment, and accessories across different applications and regions. It aims at estimating the market size and future growth potential of this market across different segments such as product, application, end user, and region.
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Complete report on Endoscopy Equipment Market spread across 449 Pages, Profiling 11 Companies and supported with 535 Tables is now available at www.rnrmarketresearch.com/global-endoscopy-market-by-product-application-technology-2011-2016-market-report.html .
The endoscopy equipment market is projected to reach USD 35.36 Billion by 2021, growing at a CAGR of 6.2% during the forecast period of 2016 to 2021. The growth of the overall endoscopy equipment market can be attributed to rising investments, funds, and grants by government bodies worldwide; rising number of hospitals; and growing hospital investments.
Stakeholders of the Endoscopy Equipment Market
- Endoscope and Related Device Manufacturing Companies
- Suppliers and Distributors of Endoscopy Devices
- Hospitals and Medical Colleges
- Independent Surgeons and Private Offices of Physicians
- Ambulatory Surgery Centers
- Teaching Hospitals and Academic Medical Centers (AMCs)
- Government Bodies/Municipal Corporations
- Business Research and Consulting Service Providers
- Venture Capitalists
North America’s leadership in the endoscopy equipment market can be attributed to the favorable reimbursement scenario in the U.S., increasing incidence of cancer in the U.S.
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However, the dearth of trained physicians and endoscopists and infections caused by endoscopes are likely to restrain the growth of the market during the forecast period.
In 2016, the endoscopes segment is expected to account for the largest share of the global endoscopy equipment market, by product. In 2016, the gastrointestinal endoscopy segment is expected to account for the largest share of endoscopy equipment market, by application.
The hospitals segment is expected to account for the largest share of the endoscopy equipment market, by end user.
Company Profile (Overview, Products and Services, Financials, Strategy & Development)
1 Ethicon, Inc. (A Subsidiary of Johnson & Johnson)
2 Olympus Corporation
3 Fujifilm Holdings Corporation
4 Karl Storz GmbH & Co.Kg
5 Medtronic PLC
6 Stryker Corporation
7 Boston Scientific Corporation
8 Pentax Medical (Hoya Corporation)
9 Smith & Nephew PLC
10 Richard Wolf GmbH
11 Cook Medical Incorporated
In addition, growing patient preference for minimally invasive surgeries, technological advancements, favorable reimbursement coverage in selected countries, rising geriatric population, and the rising prevalence of target diseases that require endoscopy procedures have contributed to the market growth.
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In the coming years, the endoscopy equipment market is expected to witness the highest growth in the Asia-Pacific region, with emphasis on India, China, and Japan. The high growth in India and China can be attributed to government and venture capital investments in China in the field of endoscopy, endoscopy research support in Japan, and increasing number of endoscopic surgeries & improving endoscopy infrastructure in India.
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