Endoscopy Devices Market Outlook To 2024

Endoscopy Devices Market Outlook To 2024: In-Depth Market View, Key Product Categories (Endoscopes, Visualization Systems, Other Endoscopy Instruments, Accessories), Applications (GI, Laparoscopy, Ob/Gy Endoscopy, Arthroscopy, Urology, Otoscopy, Bronchoscopy, Mediastinoscopy, Laryngoscopy), End Use, Regional Segmentation, Top Players & Company Share, Competitive Dynamics, Growth Drivers & Restraints, M&A Insights, Segment Forecast And Key Conclusion

The global endoscopy devices market was valued at $27.9bn in 2016 and is forecast to grow at a modest 5.6% CAGR between 2017 and 2024, culminating in 2024 global sales of $42.8bn.

The endoscopy devices market is anticipated to grow due to the factors such as rise in the healthcare expenditure, improvement in reimbursement coverage, technological advancements, rising prevalence of chronic diseases and rapid increase in the geriatric population across the globe. Moreover, high unmet needs across the developing and emerging nations is also expected to boost the endoscopy devices market over the next few years.

The U.S. spends nearly 3.2 trillion or 17% of GDP toward healthcare expenditure which is the highest across the globe. As per the data published by Administration of Aging (AoA), in the U.S., there were 46.2 million people aged above 65, and the number of people in this category is growing rapidly. Aging factors significantly contribute to the onset of several diseases or conditions which require surgical intervention. For instance, the average age for stomach cancer diagnosis is 69 and about every 6 in 10 patients diagnosed are aged above 65.

Moreover, as per the Agency for Healthcare Research and Quality (AHRQ) data, upper gastrointestinal endoscopy procedure was one of the most common procedure with every 39 people for 10,000 population in the U.S. Hospitals. The endoscopic procedures are widely used for the detection of stomach cancer. The American Cancer Society estimates that nearly 28,000 stomach cancer cases will be diagnosed in 2017, with 17,750 cases in men and 10,250 cases in women. In the UK, as per the 2014 Cancer Research estimates, each year nearly 6,682 new cases are detected, and the average survival rate is 15%.

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Key findings from the study: -
o The global endoscopy devices market was valued at $27.9bn in 2016 and is forecast to grow at a modest 5.6% CAGR between 2017 and 2024, culminating in 2024 global sales of $42.8bn.
o The U.S. spends nearly 3.2 trillion or 17% of GDP toward healthcare expenditure which is the highest across the globe.
o Moreover, as per the Agency for Healthcare Research and Quality (AHRQ) data, upper gastrointestinal endoscopy procedure was one of the most common procedure with every 39 people for 10,000 population in the U.S. Hospitals.
o Major players in the market include Ethicon, Inc, Fujifilm Holdings Corporation, Karl Storz GmbH & Co.Kg, Stryker Corporation, Olympus Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Pentax Medical (Hoya Corporation), Medtronic PLC, and Cook Medical.

Ameri Research has segmented the Endoscopy Devices Market by material categories, product type, end-use and region:

Market Segmentation

Endoscopy Devices Market by Product (Revenue, USD Million, 20124- 2024)
o Endoscopes
o Rigid Endoscopes
o Laparoscopes
o Arthroscopes
o Urology Endoscopes
o Cystoscopes
o Gynecology Endoscopes
o Neuroendoscopes
o Other Rigid Endoscopes
o Flexible Endoscopes
o Upper Gastrointestinal Endoscopes
o Colonoscopes
o Bronchoscopes
o Sigmoidoscopes
o Laryngoscopes
o Pharyngoscopes
o Duodenoscopes
o Nasopharyngoscopes
o Rhinoscopes
o Other Flexible Endoscopes
o Capsule Endoscopes
o Visualization Systems
o Other Endoscopy Instruments
o Accessories

Endoscopy Devices Market by Application (Revenue, USD Million, 2014 - 2024)
o Laparoscopy
o Obstetrics/Gynecology Endoscopy
o Arthroscopy
o Urology Endoscopy
o Bronchoscopy
o Mediastinoscopy
o Otoscopy
o Laryngoscopy
o Other Applications

Endoscopy Devices Market by End-Use (Revenue, USD Million, 20124- 2024)
o Hospitals
o Ambulatory Surgical Centers/Clinics
o Other End Users

Endoscopy Devices Systems Regional Outlook (Revenue, USD Million, 20124- 2024)
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o France
o Italy
o Spain
o Asia Pacific
o Japan
o China
o India
o Latin America
o Brazil
o Mexico
o Columbia
o Middle East and Africa
o Saudi Arabia
o UAE
o South Africa

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