Endoscopy Equipment Market to 2021 - Dominated by Growth in Endoscopy, Laparoscopy and Bronchoscopy Surgery

The endoscopy equipment market report provides a picture on endoscopes, visualization systems, other endoscopy equipment, and accessories across different applications and regions. North America is expected to account for largest share of the global endoscopy equipment market, followed by Europe, Asia-Pacific, & Rest of the World (RoW).

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The global endoscopy equipment market was valued at USD 24.32 Billion in 2016 and is projected to reach USD 34.82 Billion by 2022, at a CAGR of 6.4% during the forecast period. Base year considered for the report is 2016 and the forecast period considered for this report is 2017–2022. Key players offering endoscopy equipment such as Ethicon, Inc. (U.S.), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), KARL STORZ GmbH & Co. KG (Germany), Medtronic plc (Ireland), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Pentax Medical Corporation (Japan), Smith & Nephew plc (U.K.), Richard Wolf GmbH (Germany), and Cook Medical Incorporated (U.S.).

The GI endoscopy applications segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the rising geriatric population, improving healthcare infrastructure in developing countries, and the increasing number of colonoscopy procedures performed in developed countries. Based on application, the market is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology, bronchoscopy, mediastinoscopy, otoscopy, laryngoscopy, and other applications (endoscopies for facelifts, forehead lifts, abdominoplasty procedures, and breast augmentation).

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Growth in the endoscopy equipment market is driven by factors such as favorable government initiatives, rising number of hospitals and growing hospital investments in endoscopy facilities, technological advancements, and rising prevalence of diseases that require endoscopy. However, the high cost of endoscopy procedures & equipment and limited reimbursement in developing countries is expected to restrain the growth of this market during the forecast period.

Stakeholders of the Endoscopy Equipment Market Report is 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 and Venture Capitalists.

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This report provides insights into the following pointers:
• Market Penetration: Comprehensive information on the product portfolios of the top players in the endoscopy equipment market. The report analyzes the market based on product, application, and end user
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the endoscopy equipment market
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various endoscopy equipment across regions
• Market Diversification: Exhaustive information about products, untapped regions, recent developments, and investments in the endoscopy equipment market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the endoscopy equipment market

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This release was published on openPR.