Endoscopy Equipment Market worth 35.36 Billion USD by 2021

This report "Endoscopy Equipment Market by Product (Endoscopes (Flexible, Rigid, Capsule), Visualization Systems, Other Endoscopy Equipment, Accessories), Application (GI Endoscopy, Laparoscopy), End User (Hospitals, ASCs/Clinics) - Trends & Forecasts to 2021", This report studies the global endoscopy equipment market for the forecast period of 2016 to 2021. This market is expected to reach USD 35.36 Billion by 2021 from USD 26.23 Billion in 2016, at a CAGR of 6.2%.

The global endoscopy equipment market is segmented on the basis of product, application, end user, and region.

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Based on product, the endoscopy equipment market is categorized into endoscopes, visualization systems, other endoscopy equipment, and accessories. The endoscopes segment is further divided into flexible, rigid, and capsule endoscopes. The visualization systems segment include endoscopy cameras, camera heads, video convertors, transmitters & receivers, carts, and video recorders. The other endoscopy equipment is classified into other electrical endoscopy equipment and other mechanical endoscopy equipment. The accessories of endoscopy equipment include cleaning brushes, surgical dissectors, needle forceps & needle holders, fluid flushing devices, light cables, biopsy valves, mouthpieces, and overtubes. In 2016, the endoscopes segment is estimated to account for the largest share of the endoscopy equipment market.

Based on application, the market is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecological endoscopy, urology endoscopy, bronchoscopy, mediastinoscopy, otoscopy, and laryngoscopy. The gastrointestinal endoscopy segment is expected to account for the largest share of the market in 2016.

Based on end user, the market is segmented into hospitals and ambulatory surgical centers (ASCs)/clinics. The hospital segment is expected to account for the largest share of the endoscopy equipment market in 2016.

On the basis of region, the global market is divided into North America, Europe, Asia-Pacific, and RoW (Latin America, the Middle East, and Africa). In 2016, North America is poised to account for the largest share of the endoscopy equipment market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is projected to grow at the highest CAGR during the forecast period and serve as a major revenue pocket for companies offering endoscopy equipment.

Rising investments, funds, and grants by government bodies worldwide, rising number of hospitals and growing hospital investments in the expansion of endoscopy instruments, growing patient preference for minimally invasive surgeries, technological advancements, favorable reimbursement coverage in selected countries slated to propel the capsule endoscopy market, rising geriatric population, and rising prevalence of diseases that require endoscopy procedures are major factors driving the endoscopy equipment market.

Some major players in the global endoscopy equipment market include 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.).

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