Endoscopy Devices Market to Reach $40,854 Million, Globally, by 2022 with key players Olympus Corporation, HOYA Corporation, Fujifilm Holdings Corporation, Boston Scientific Corporation, CONMED Corporation, Stryker Corporation, Smith & Nephew Plc, Medtron

Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market in 2015.

Rise in prevalence of diseases that require endoscopy procedures such as cancers and gastrointestinal diseases is one of the prime reasons that drives the growth of endoscopy devices market. In addition, growth in baby boomer generation with high risk of targeted diseases, rise in awareness about novel endoscopy devices, and patient preference for the minimally invasive nature of endoscopy devices propel the market growth. Modern endoscopy techniques have revolutionized the examination and treatment of upper gastrointestinal tract (including esophagus, stomach, and duodenum) and the colon. Increase in adoption of innovative endoscopy devices such as capsule endoscopes and robot-assisted endoscopy along with ultra-high-definition visualization systems further augments the market growth. However, the dearth of skilled physicians & endoscopists, high cost of the sophisticated endoscopy devices, and infections caused by a few endoscopes impede the market growth.

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Hospitals segment is expected to maintain its lead in the overall end user of the endoscopy devices market, due to the availability of diverse endoscopy services and favorable reimbursement policies. Most hospitals are well equipped with technologically advanced endoscopic facilities in the developed economies. Although the endoscopic needs are also largely felt in developing economies, low awareness, lack of skilled professionals, and unmet medical needs at economical cost hamper the market growth in these areas. On the other hand, the growth in demand for endoscopy devices in developed economies such as North America and Europe have further boosted the market growth due to the high prevalence rate of complex diseases such as cancer and rapid increase in geriatric population. However, clinics are anticipated to exhibit the highest growth rate with a CAGR of 6.0% due to the highest usage of endoscopic devices with respect to endoscopy procedures performed related to internal examination of visceral organs.

Key Findings of Endoscopy Devices Market:

• In the year 2015, Endoscopes was the leading product type,and is projected to grow at a CAGR of 6.0%.

• Capsule endoscopy is expected to grow at a remarkable CAGR of 8.7%, owing to the minimal invasive nature, more detailed images, and simple equipment designed of vitamin pill size used widely for imaging entire small intestine specifically.

• Gastrointestinal endoscopy application is projected to grow at a high CAGR of 6.8%.

• U.S. alone contributed over 94% market share in North America of endoscopy devices market in 2015.

• Japan is the major shareholder in Asia-Pacific, accounting for around 54.5% of the Asia-Pacific endoscopy devices market.

• North America is expected to dominate the endoscopy devices market, followed by Europe.

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Key players in the market:

• Olympus Corporation
• HOYA Corporation
• Fujifilm Holdings Corporation
• Boston Scientific Corporation
• CONMED Corporation
• Stryker Corporation
• Smith & Nephew Plc
• Medtronic Plc
• KARL STORZ GmbH & Co. KG
• Johnson & Johnson.

Table of content:


Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY MARKET BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY:
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry

3.4. MARKET SHARE ANALYSIS, 2015
3.5. REGULATION AND REIMBURSEMENT SCENARIO
3.6. MARKET DYNAMICS

3.6.1. Drivers

3.6.1.1. Technological advancements
3.6.1.2. Rise in prevalence rate of diseases that require endoscopy devices
3.6.1.3. Growth in patient preference for minimally invasive surgeries
3.6.1.4. Favorable FDA approvals and reimbursement policies in developed economies
3.6.1.5. Shorter recovery time and minimal postoperative complications

3.6.2. Restraints

3.6.2.1. Dearth of trained physicians and endoscopists
3.6.2.2. Infections caused by few endoscopes
3.6.2.3. High costs associated with endoscopy devices

3.6.3. Opportunities

3.6.3.1. Unmet medical demands in developing countries
3.6.3.2. Lucrative opportunities in emerging economies

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