The Global Endoscopy Devices Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Global Endoscopy Devices Market is estimated to be USD 30.69 USD billion and predicted to rise to USD 42.64 USD billion with a CAGR of 6.80%. The market is segmented by Product (Endoscopes-Flexible, Rigid, Capsule; Visualization Systems, Other Endoscopy Equipment-Electrical, Mechanical), and by Application (Laparoscopy, Bronchoscopy, GI Endoscopy). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The growth of the Global Endoscopy Devices Market is mainly driven by factors such as increasing investments, and grants by administration bodies worldwide. In addition, growing patient predilection for minimally invasive operations, technological advancements, favorable reimbursement coverage, growing geriatric population are some of the other important factors contributing towards the market growth. However, the issue of strict regulation of endoscopic devices is one of the major reason hindering the growth of the market.
The endoscopes segment accounts for the largest share of the market in 2015. This is attributed to the invention of technologically innovative endoscopes by manufacturers and increased public awareness.
Currently, North America leads the global Endoscopy Devices market with nearly half of the share followed by Europe. However, The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to reasons such as an increase in demand for less invasive surgeries.
Leading players in the Endoscopy Devices market are Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., Fujifilm Holding Corporation.
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