Endoscopy Devices Market Size, Share, Growth Analysis and Forecasts to 2025 | Key Players Richard Wolf, Smith & Nephew, Cook, Ethicon US

According to a new market research study titled 'Endoscopy Devices Market - Global Analysis and Forecasts By Product, Application and End User. The global endoscopy devices market is expected to reach US$ 45,612.3 Mn in 2025 from US$ 26,333.3 Mn in 2017. The market is estimated to grow with a CAGR of 7.5% from 2018-2025. The report highlights the trends prevalent in the global endoscopy devices market and the factors driving the market along with those that act as deterrents to its growth.

Global endoscopy devices market, based on the product class is segmented into endoscopes, visualization systems, other endoscopy equipment, and accessories. The endoscopes segment has been further divided as rigid endoscopes, flexible endoscopes as well as capsule endoscope. In 2017, the endoscopes segment held the largest share in the market, by product. Moreover, the segment is also anticipated to grow at a significant rate during the forecast period.

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Some of the prominent players operating in endoscopy devices market are Olympus Corporation, STRYKER, Medtronic, KARL STORZ SE & Co. KG, Ethicon US, LLC., Richard Wolf GmbH, Boston Scientific Corporation, Smith & Nephew, Cook, and FUJIFILM Holdings Corporation. Various players in the market have obtained approvals for their products launches. These approvals have helped the patients as well as the healthcare professionals to get better services. For instance, Cook received FDA approval for Cellvizio Confocal Laser Endomicroscopy (CLE) System and the Confocal Miniprobes in March, 2018.

The market for endoscopy devices is expected to grow in the coming years, owing to the technological advancements made by the players operating in the market. These technological advancements have made the procedure of endoscopy more easy as well as the results obtained are more accurate.

The Endoscopy Action Plan implemented by the Queensland Government was aimed towards improving the health of Queenslanders by means of delivering sustainable access to better quality gastrointestinal endoscopy services. The demand for gastrointestinal endoscopy has been increasing rapidly due to national bowel screening program and a growing geriatric population. As per the plan, US$ 160 million would be invested over four years to deliver better services and improve the access across Queensland health system. Under the plan, the services will be expanded to deliver 50,000 more endoscopy procedures. Due to the implementation of this plan, the waiting time for endoscopy procedure has significantly reduced and better services have been made available across the state.

Strategic Insights

Product launches and approvals were observed as the most adopted strategy in global endoscopy devices industry. Few of the recent product launches and approvals made by the players are listed below;

2018: In May, 2018, Olympus Corporation Launched ENF-VT3, the world's first1 rhino-laryngo videoscope to incorporate 4-direction angulation Capability. The launch is expected to help the company to offer a strong product portfolio in the market.

2017: In September, 2017, Cook Medical's Urology business began the distribution of Cellvizio Confocal Laser Endomicroscopy (CLE) System manufactured by Mauna Kea Technologies. Cellvizio has been made available to urologists throughout the United States.

TABLE OF CONTENTS

1. INTRODUCTION 38
1.1 SCOPE OF THE STUDY 38
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 38

2. GLOBAL ENDOSCOPY DEVICES MARKET - KEY TAKEAWAYS 40

3. GLOBAL ENDOSCOPY DEVICES MARKET - MARKET LANDSCAPE 43
3.1 OVERVIEW 43
3.2 MARKET SEGMENTATION 43
3.2.1 Global Endoscopy Devices Market - By Product 44
3.2.2 Global Endoscopy Devices Market - By Application 45
3.2.3 Global Endoscopy Devices Market - By End User 46
3.2.4 Global Endoscopy Devices Market - By Geography 46
3.3 PEST ANALYSIS 47
3.3.1 North America - PEST Analysis 47
3.3.2 Europe - PEST Analysis 49
3.3.3 Asia Pacific - PEST Analysis 51
3.3.4 Middle East And Africa - PEST Analysis 53
3.3.5 South And Central America - PEST Analysis 55

4. GLOBAL ENDOSCOPY DEVICES MARKET - KEY MARKET DYNAMICS 57
4.1 KEY MARKET DRIVERS 57
4.1.1 Rising Prevalence of Diseases Requiring Endoscopy 57
4.1.2 Favourable Government Initiatives 57
4.1.3 Technological Advancements 58
4.2 KEY MARKET RESTRAINTS 58
4.2.1 Risk of Infections Caused Due to Endoscopy 58
4.2.2 High Cost of Endoscopy Procedures & Equipment 59
4.3 KEY MARKET OPPORTUNITIES 60
4.3.1 Rising Patient Preference for Minimally Invasive Surgeries 60
4.3.2 Growth in the Global Healthcare Market 60
4.4 FUTURE TRENDS 61
4.4.1 Development of Endoscopic Robotic Systems 61
4.5 IMPACT ANALYSIS 62

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