The Global Endoscopy Device Market is expected to grow at a CAGR of 6.3% during the forecast period 2017-2023.
An endoscopy is a procedure that allows physicians or surgeons to look interior parts of the organ. The technique is used for both diagnostic and therapeutic purpose. To perform endoscopy a specialized instrument is used named as endoscope. Various types of endoscopes and adoption of endoscope depends upon the affected body organ, for instance, bronchoscopes are used for lungs related problem, arthroscopes are preferred for problems associated with joints, and many others. Other instruments required during an endoscopic procedure includes biopsy forceps, cytology brush, flexible forceps, trocar sleeves, etc. For therapeutic purpose, the endoscopes are either attached or passed through surgical instruments to perform particular surgery. Endoscopic surgery is a type of minimally invasive surgery in which an endoscope is inserted in the body through small incisions to examine the internal organs.
Rising prevalence of chronic diseases, advancing endoscopy technology, and increasing funding and reimbursement towards screening and treatment with endoscopic techniques are promoting the growth of the global endoscopy devices market. Additionally, increasing popularity of minimally invasive surgery is also creating a huge scope for the growth of market.
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Cogentix Medical, Integrate Endoscopy, J&J services Inc, Shaili Endoscopy, Interscope Inc., Cantel Medical, Micro-Tech Endoscopy, Stryker, OLYMPUS, Johnson & Johnson Services Inc., KARL STORZ Gmbh & Co. KG, Boston Scientific Corporation, FUJIFILM, PENTAX MEDICAL, and RICHARD WOLF are the key players in the global endoscopy market.
The Americas dominates the global endoscopy device market owing to the presence of strong economic condition, huge development in the healthcare domain, and focus of research institutions on updating technology for new and advanced diagnosis and treatment methods. Moreover, advanced hospitals infrastructures, and availability of skilled healthcare professional adding fuel to the growth of the market.
Europe holds the second position in the market on the basis of increasing emphasis on rapid diagnosis and treatment of cancer, and gastrointestinal diseases, changing lifestyle, increasing prevalence of cancer among geriatric population. As per Organization for Economic Co-operation and Development (OECD), Germany spent 11% of the total GDP on healthcare in 2013, which was 10.8% in 2012, which drives the growth of the market in this region.
Pacific is the fastest growing market owing to more number of developing nations present in this region, for instance, countries like India and china. These countries are encouraging the growth of the healthcare domain. Furthermore, increasing patient population of cancer and gastrointestinal diseases in developing countries will directly increase the demand for various diagnosis & treatment methods, which, in turn, will boost the growth of the market.
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The Middle East & Africa is expected to hold the least market share due to less availability of medical facilities, and less development in the healthcare domain. However, countries such as Qatar and Kuwait are focusing more on the healthcare domain and developing medical facilities, which will boost the market of this region.
1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
3 Research Methodology
3.1.1 Primary Research Methodology
3.1.2 Secondary Research Methodology
3.1.3 Market Share Analysis
3.1.4 Trade Analysis
3.1.5 Market Pricing Approach
4 Market Dynamics
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