Global Endoscopy Devices Market 2015-2019
About endoscopy devices
Endoscopy is a minimally invasive medical procedure used for the diagnosis, prevention, and treatment of complications in the internal organs. The procedure is performed using a device called endoscope, which is inserted into the patient body either through the natural cavities or through incisions. The camera or the light source at the tip of the endoscope allows physicians or medical professionals to view the internal organs of interest. Most of the endoscopic procedures are performed in physicians’ office or out-patient setting and involve less recovery time and patient discomfort.
Technavio's analysts forecast the global endoscopy devices market to grow at a CAGR of 5.53% over the period 2014-2019.
Covered in this report
The global endoscopy devices market can be segmented into three based on products: endoscopes, instruments and accessories, and services. The market can be further segments in terms of application: arthroscopy, laparoscopy, ENT endoscopy, GI endoscopy, gynecology, urology, and neurology.
Technavio's report, the Global Endoscopy Devices Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and APAC and EMEA; it also covers the global endoscopy devices market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Endoscopy Devices Market 2015-2019
Technavio recognizes the following companies as the key players in the global endoscopy devices market: Boston Scientific, Johnson and Johnson, Medtronic, Karl Storz and Olympus
Other Prominent Vendors in the market are: Arthrex, Blazejeweski, B Braun, BAUER MEDICAL, Chongqing Jinshan Science & Technology, Cook Medical, ConMed, Check-Cap, CYMO, Dantschke Medizintechnik, Endocure Technologies, Fujifilm Medical Systems, Hobbs Medical, Hoya, IntroMedic, RF, Richard Wolf Medical Instruments, Smith & Nephew, Stryker, SynMed, Steris (acquired US Endoscopy Group), USGI Medical and Welch Allyn
Commenting on the report, an analyst from Technavio’s team said: “Minimally invasive procedures such as endoscopy offer advantages such as less pain, faster recovery, small incisions, reduced blood loss, and cost saving. However, skilled surgeons are required because the process involves difficulties such as restricted vision, difficulty in handling instruments, and the need for proper hand-eye coordination. To further aid in this adoption, device manufacturers conduct various training programs on the use of endoscopy devices for medical professionals. Numerous research studies have also demonstrated the advantages of MIS over open surgeries. Most of the vendors are training the surgeons to perform minimally invasive or endoscopy surgeries. This helps the surgeons have hands-on experience in using the devices and performing surgeries. This is an upcoming trend, and it is expected to have a medium impact on the market in the future.”
According to the report, procedures such as capsule endoscopy are safe for all age groups. Improved living conditions and quality of healthcare is increasing the demand for endoscopy procedures such as capsule endoscopy, percutaneous endoscopic gastrostomy, EUS, and examination of other intestinal conditions.
Further, the report states that safety concerns associated with reprocessed endoscopes is expected to have a moderate impact on the global endoscopy devices market.
Boston Scientific, Johnson and Johnson, Medtronic, Karl Storz, Olympus, Arthrex, Blazejeweski, B Braun, BAUER MEDICAL, Chongqing Jinshan Science & Technology, Cook Medical, ConMed, Check-Cap, CYMO, Dantschke Medizintechnik, Endocure Technologies, Fujifilm Medical Systems, Hobbs Medical, Hoya, IntroMedic, RF, Richard Wolf Medical Instruments, Smith & Nephew, Stryker, SynMed, Steris (acquired US Endoscopy Group), USGI Medical, Welch Allyn
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