Global Gastrointestinal Endoscopy Devices Market 2016-2020
About Gastrointestinal Endoscopy Devices
The endoscopes used to inspect the internal lining of the GI tract are known as GI endoscopic devices. The diagnosis of GI tract includes large intestine, stomach, duodenum, small intestine, colon, and rectum. Any abnormalities or infection in function of this GI tract is detected by using GI endoscope devices. These devices help in detecting the cause of vomiting, persistent pain, inflammation, abdominal bleeding, and tumor affecting the esophagus, duodenum, and stomach. Various GI diseases include ulcer, gastroesophageal reflux disease, hemorrhoids, colon cancer, diverticulitis, bowel syndrome, and Crohn’s disease.
Technavio’s analysts forecast the global gastrointestinal endoscopy devices market to grow at a CAGR of 5.09% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global gastrointestinal endoscopy devices market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales and service support for various GI endoscopy devices to key end-users such as hospitals, ambulatory surgical centers (ASCs), and physicians' offices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Gastrointestinal Endoscopy Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the global gastrointestinal endoscopy devices market: Boston Scientific, Ethicon, Medtronic, Karl Storz, and Olympus.
Other Prominent Vendors in the market are: Applied Medical, asap endoscopic products, B. Braun Melsungen, CareFusion, Check-Cap, Chongqing Jinshan Science & Technology, CONMED, COOK MEDICAL, Endocure Technologies, EndoLook, Fujifilm, Gyrus ACMI, Hobbs Medical, IMRIS, Integra LifeSciences, IntroMedic, Maxer Medizintechnik, Metro-Med, Micro-Tech USA, PENTAX Medical, Richard Wolf, SMART Medical Systems, Smith and Nephew, STERIS, Stryker, SynMed, Ventura Business Solutions, and Vimex.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increased use of wireless capsule endoscopy. Conventional methods to diagnose GI disease are unpleasant in terms of both the analysis and the treatment. Capsule endoscopy is currently the best available option and is now used by many physicians worldwide. The procedure is superior to barium X-ray testing and other traditional processes. Technological advancements in capsule endoscopy are expected to propel the market growth.”
According to the report, one of the major drivers for this market is presence of large patient pool with GI disorders fueling the market growth. The presence of large patient pool with GI disorders is expected to drive the market growth. The growing incidence of GI disorders such as colorectal, esophageal, or pancreatic cancers, biliary disease, inflammatory bowel disease, and the changes in lifestyle such as an increase in unhealthy diet and physical inactivity resulted in several complications such as raised blood pressure, blood glucose, lipids, and obesity.
Further, the report states that growing complications involved in the use of GI endoscopy pose a challenge in the market due to the increased complexity of endoscopic procedures. Complications of GI endoscopy are related to endoscopes or instruments. Some of the complications associated with the use of GI endoscopes are perforation of pancreatic, biliary ducts, bleeding, post-ERCP complications, and cardiopulmonary and sedation-related complications. Complications of GI endoscopy occur in approximately 4 out of every 100 procedures.
Boston Scientific, Ethicon, Medtronic, Karl Storz, Olympus, Applied Medical, asap endoscopic products, B. Braun Melsungen, CareFusion, Check-Cap, Chongqing Jinshan Science & Technology, CONMED, COOK MEDICAL, Endocure Technologies, EndoLook, Fujifilm, Gyrus ACMI, Hobbs Medical, IMRIS, Integra LifeSciences, IntroMedic, Maxer Medizintechnik, Metro-Med, Micro-Tech USA, PENTAX Medical, Richard Wolf, SMART Medical Systems, Smith and Nephew, STERIS, Stryker, SynMed, Ventura Business Solutions, Vimex.
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