Endoscopy Market Detailed Survey Focusing on Eminent Players | Conmed Corporation, Cook Medical LLC, Ethicon US, LLC, Fujifilm Corporation, Hoya Corporation, Storz, Medtronic, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC and Stryker

Endoscopy Market was valued around USD 26 billion in 2017 and is expected to witness growth of more than 6.0% CAGR from 2018 to 2024 ; according to a new research report by Global Market Insights.

Once considered a highly risky procedure, minimally invasive surgeries have now gained extreme popularity, fueling endoscopy market share. As this type of surgery delivers an excellent outcome by reducing injury to the tissues, the use of endoscopy has increased lately across the medical domain. Considering the escalating acceptance of this non-surgical procedure across myriad hospitals, endoscopy industry giants have been steadfastly working toward advancing existing endoscopic systems. The frequent launch of technologically advanced minimally invasive surgical instruments along with the development of numerous suturing procedures is certain to propel endoscopy market trends over the years ahead.

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Endoscopies come with a slew of advantages, enabling doctors to perform any critical operation without the need for major surgery, while simultaneously facilitating a shorter period of recovery with lesser risk of complications. Taking into account the operational benefits of endoscopy, most of the research communities and leading healthcare facilities are now looking forward to brainstorming new techniques across this vertical. In fact, many healthcare service providers have even been joining hands to establish training centers, through which they plan to deploy minimally invasive endoscopy facilities across the globe on a large scale.

Validating the aforementioned fact, few days before, the Thailand based medical facility provider, Samitivej Hospital signed a deal with Sano Hospital, a Japanese healthcare facility specializing in endoscopy. Sano is renowned for its development of gastrointestinal endoscopy techniques, which could be extensively used for detecting cancerous tissues. Through this partnership, the two parties have introduced new gastrointestinal endoscopy techniques that can help in the removal early-stage tissues of esophageal, colorectal, and gastric cancers. As per statistics, colon cancer is one of the leading causes of deaths across the world. Reportedly, cases of colon cancer have been increasing from last few years and it has become a most influencing factor for the rise of mortality rate across Thailand.

Speaking along the same line, this cooperation program will also emerge to be quite beneficial for the Thai medical facility, considering the expertise that Sano Hospital possesses with regards to endoscopy techniques. In addition, with the help Sano’s latest innovation, Samitivej Hospital also plans to encourage its Liver and Digestive Institute better serve the patients suffering from alcohol induced problems, colorectal cancers, fatty liver diseases, gallstones, and infections. The Samitivej-Sano agreement is an apt instance depicting the collaborative approach of numerous healthcare service providers and how they will serve to enhance the future prospects of endoscopy industry.

Arthroscopy is another application arena that has been gaining renewed prominence in the endoscopy market of late. The growing concern among the specialists about the disadvantages of a traditional approach to diagnosing femoroacetabular impingement, labral tears, and other issues related to hip joints has been encouraging them to innovate next-gen instruments. Recognizing the significance of educating research scholars about the effective treatment of hip impingements, many U.S.-based medical centers and universities have included hip arthroscopy in their syllabus. This approach of medical education centers will help them treat rapidly increasing number of cases of hip impingements effectively, owing to the ample availability of trained professionals. The use of endoscopy in arthroscopy applications leads to the minimization of post-operative pain and other associated comorbidities. The post-treatment benefits of arthroscopy treatment in terms of recovery and comfort are certain to fuel U.S. endoscopy industry size.

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The approach of leading endoscopy market giants and well-known research institutes toward product development and innovations will prove to be one of the revenue generating aspects for this vertical. As the requirement of products for diagnosing various kinds of terminal diseases increases, the deployment of minimally invasive surgery equipment will also observe an upsurge, generating lucrative opportunities for the players in endoscopy industry. In addition, many hospitals specializing in endoscopy have been lately organizing training programs to educate doctors and nurses about newly invented technologies related to the field. With the rise in the popularity of minimally invasive surgeries and the increasing number of R&D programs, endoscopy market will register a CAGR of 6% over 2018-2024.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1.  Secondary
1.4.1.1.  Paid sources
1.4.1.2.    Unpaid sources     
1.4.2.  Primary

Chapter 2. Executive Summary
2.1. Endoscopy industry 3600 synopsis, 2013 - 2024
2.1.1.  Business trends
2.1.2.  Product trends
2.1.3.  Application trends
2.1.4.  Regional trends

Chapter 3. Endoscopy Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1.  Growth drivers
3.3.1.1.  Growing geriatric population globally
3.3.1.2.    Innovative endoscopy devices for endoscopy in Europe and North America
3.3.1.3.  Rising incidences of gastrointestinal disorders, cancer and other chronic conditions in Asia Pacific
3.3.1.4.  Increasing demand for minimally invasive procedures
3.3.2.  Industry pitfalls & challenges
3.3.2.1.  Dearth of skilled physicians and endoscopists in developing countries
3.4. Growth potential analysis
3.4.1.  By product
3.4.2.  By application
3.5. Regulatory landscape
3.6. Porter’s analysis
3.7. Competitive landscape, 2016
3.7.1.  Strategy dashboard
3.8. PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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