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Endoscopes Market By Product Type Endoscopes, Visualization System
The global endoscopes market was valued at US$ 29,151 million in 2017, and is expected to witness a CAGR of 6.6% over the forecast period (2018 – 2026).
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In recent past, endoscopy procedures witnessed major advances in terms of quality of visualization and ease of conducting procedures, and customization for endoscope with added features. Capsule endoscopy is recent advancement in endoscope devices. Instead of using flexible or rigid endoscope, capsule shape endoscope having tiny camera are swallowed by patients. It transmits live images of internal organs, which are visualized over large monitor. It is especially useful in case of chronic disease such as cancer and IBD to visualize micro area of internal organs. Medtronic plc in 2016, received expanded indication for its Pill Cam COLON 2 capsule endoscope from U.S. Food and Drug Administration (FDA). It is the only non-invasive diagnostic test that directly visualizes the colon for the evaluation of polyps in patients who are at major risks for colonoscopy or moderate sedation. Olympus in June 2017, launched ENDOEYE 3D video endoscope that allows faster and precise endoscopic surgery by using 3D imaging system to facilitate depth perception.
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