Global Endoscopy Devices Market Outlook 2016: Gastrointestinal Surgeries, ENT Surgeries

Endoscopy is the examination of the inside of the body, by using instrument called an endoscope. Usually, an endoscope is introduced into the body through a natural opening such as the mouth or anus. Endoscopy Device is used by doctors for evaluating various conditions like stomach pain, ulcers, gastritis, digestive tract bleeding, and changes in bowel habits and growth in colon. This has generated the demand for endoscopy devices in the market. The increasing preference of minimally invasive surgeries, faster recovery rate, aesthetics and increasing geriatric population, are key factors, which would drive the growth of global endoscopy devices market over the analysis period.

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The evolution of Capsule endoscopes and robot assisted endoscopes, opens prospects in the swallowable, wireless endoscopy market, for new as well as existing players in the market. Stringent regulatory environment is the major factor restraining the market growth. For instance, Endoscopy devices require premarket manufacturing notification (PMN) approval from FDA (Food and Drug Administration), European Union Medical Device Directive European Conformity (CE Mark) approval, and similar approvals in other countries.

The global endoscopy devices market, is segmented on the basis of Device Type, Application and Geography. The device types considered, in this report include Endoscope, Operative Devices and Visualization systems. Endoscope is further classified into Rigid Endoscope, Energy Systems, Robot Assisted Endoscope, Flexible Endoscope, Capsule Endoscope and Operative Hand Instruments. Operative Devices are further classified into Suction/Irrigation Systems, Operative Hand Instruments, Access Devices and Others (Snares, Wound Protectors).

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Visualization Systems is further classified into High Definition (HD) Visualization Systems, Standard Definition (SD) Visualization Systems and Ultrasound Devices. Based on applications, the market is classified into Medical, Food Toxicity Detection, Agriculture, Industrial Process Control, Environmental Monitoring and Others (Defense, drug abuse prevention). Based on product type, the market is classified into Gastrointestinal Surgeries, Laparoscopy Surgeries, ENT Surgeries, Cardiovascular Surgeries, Arthroscopy Surgeries, Urology/Gynecology Surgeries and Food Toxicity Detection.

Geographically, the market is segmented across four regions namely North America, Europe, Asia Pacific and LAMEA. One of the strategies adopted by major market players is collaboration. For instance, recently in 2015, Norgine and Arc Medical announced their partnershipto launch an endoscopic device, named Endocuff Vision.. The companies profiled in this report are Ethicon, Olympus Corporation, Covidien Plc, Karl Storz GmbH, Boston Scientific, Stryker Corporation, Cook Medical Incorporated, Smith and Nephew, Fujifilm Holding Corporation and Conmed Corporation.

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