Endoscopy Equipment Market |Ongoing Trends and Recent Developments | Major Key Players like Olympus (Japan), KARL STORZ (Germany), Stryker (US), Boston Scientific (US)

Endoscopic surgery, developed in response to the increasing demand for less-invasive treatment, is now rapidly expanding its applications not only in gastroenterological surgery and general surgery but also in urology, obstetrics/gynecology, respiratory surgery, endocrine surgery, pediatric surgery, orthopedic surgery, anesthesiology, and all other fields of surgical treatment.

What the Endoscopy Equipment Market Looks Like?

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.

On the basis of product, the global market is segmented into endoscopes, visualization equipment, other endoscopy equipment, and accessories.

Based on application, the market is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology, bronchoscopy, mediastinoscopy, otoscopy, laryngoscopy, and other applications.

Based on end-user, the market is segmented into hospitals, ambulatory surgical centers (ASCs)/clinics, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy services).

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What Drives the Endoscopy Equipment Market?

The growth of the global market for Endoscopy Equipment is primarily influenced by the following factors:

• Favorable Government Initiatives
• Rising Number of Hospitals and Growing Hospital Investments in Endoscopy Facilities
• Technological Advancements
• Rising Prevalence of Diseases That Require Endoscopy

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Geographical growth scenario of Endoscopy Equipment Market:

Geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, the North American segment is expected to account for the largest share of the market in 2017. The large share of this region can primarily be attributed to the favorable reimbursement scenario in the US, rising incidence of cancer, increasing investments by hospitals to purchase new endoscopic equipment, increasing research activities to improve endoscopy and the implementation of a new funding model for Canadian hospitals.

Leading market players and strategies adopted:

The major players in this market include Olympus (Japan), KARL STORZ (Germany), Stryker (US), Boston Scientific (US), Ethicon (US), Fujifilm (Japan), Medtronic (Ireland), Hoya (Japan), CONMED (US), Richard Wolf GmbH (Germany), Smith & Nephew (UK), Cook Medical (US), Cogentix Medical (US), and B. Braun (Germany)

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