Endoscopy Devices Market by Product, by Application and End User - Global Opportunity Analysis and Industry Forecasts, 2014-2022

  • ID: 4033352
  • Report
  • Region: Global
  • 200 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • CONMED Corporation
  • HOYA Corporation
  • Johnson & Johnson
  • KARL STORZ GmbH & Co. KG
  • Medtronic Plc
  • Olympus Corporation
  • MORE

Endoscopy Devices Market by Product (Endoscopes, Visualization & Documentation Systems, Mechanical Endoscopy Equipment, Accessories, and Other Endoscopy Equipment), by Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal Endoscopy, Obstetrics/Gynecology Endoscopy, ENT Endoscopy, and Others) and End User (Hospitals, Clinics, and Others) - Global Opportunity Analysis and Industry Forecasts, 2014-2022

Endoscopy is a minimal invasive medical procedure used for diagnosis, prevention, and treatment of complications in the visceral organs. The device is either placed in the body through the natural openings or cavities (such as anus and mouth) or through incisions, especially in the case of arthroscopy. Endoscopy devices are equipped with several other parts such as camera or light source at the tip of endoscopes that help the physicians or medical professionals (endoscopists) to analyze the internal organs of interest. Endoscopy is used to evaluate various conditions such as stomach pain, ulcers, gastritis, digestive tract bleeding, cancerous growth in colon, and changes in bowel habits. Moreover, endoscopy is categorized based on the area of the body that are investigated such as knee & joints (arthroscopy), lungs (bronchoscopy), colon (colonoscopy), abdominal & pelvic areas (laparoscopy), and others. Increase in the incident rate of targeted diseases such as colon cancer and gastrointestinal disorders propel the demand for endoscopic devices.

Geriatric population is at a higher risk of diseases such as orthopedic diseases, gastrointestinal conditions, ophthalmic diseases, GI cancer, and others. The demand for endoscopy devices is anticipated to grow correspondingly with the growth in the number of aforementioned cases. In addition, availability of favorable reimbursement policies and FDA approvals in developed regions coupled with the growth in preference for minimally invasive procedures supplement the market growth. Moreover, the emerging endoscopy technologies such as capsule endoscopes and robot-assisted endoscopes with lower complications, minimal scarring, reduced hospital stay, and rapid recovery propel the demand for technologically advanced endoscopy devices. However, dearth of skilled endoscopic technicians, risk of infection associated with endoscopy, and high price of endoscopy devices restrain the growth of this market. The global endoscopy devices market is projected reach $40,854 million by 2022 from $27,273 million in 2015, growing at a CAGR of 5.7% from 2016 to 2022.

The global endoscopy devices market is segmented on the basis of product, application, end user, and geography. Based on product, the global market is categorized into endoscopes, visualization & documentation systems, mechanical endoscopy equipment, accessories, and other endoscopy equipment. The endoscope segment is further classified into endoscopy devices, capsule endoscopy, and robot-assisted endoscopy. The flexible endoscopes holds the largest market share owing to the technological advancements, a wide array of applications, and fastest recovery time. This segment is thereby expected to generate a revenue of $9,340 million by 2022. The capsule endoscopy is anticipated to show highest growth rate in the endoscope type segment, expanding at a CAGR of 8.7%. Aforementioned product devices are further subcategorized in various segments. Based on application, the endoscopy devices market is classified into bronchoscopy, arthroscopy, laparoscopy, urology endoscopy, neuroendoscopy, gastrointestinal endoscopy, obstetrics/gynecology endoscopy, ENT endoscopy, and others. Among these, the laparoscopy application is the highest revenue contributor, while gastrointestinal endoscopy section is anticipated to grow at a fastest rate. Laparoscopic interventions are deemed to benefit the global endoscopy devices market, as most laparoscopy procedures are executed through minimally invasive surgical interventions that are preferred by the patient and the physicians. Moreover, the surge the need for laparoscopic surgeries for weight reduction (bariatric surgeries) in obesity and a larger geriatric population are projected to further boost the demand for laparoscopy devices.

On the basis of end user, the endoscopy devices market is segmented into hospitals, clinics, and others. Geographically, the market is segmented across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the endoscopy devices market, and is expected to retain its dominance. Well-equipped & better financed hospitals & clinics, high adoption rate for technologically advanced products, and sophisticated healthcare infrastructure are the factors that fuel the market growth in this region. Moreover, U.S. is the target area for the top players in the market, owing to preventive measures taken by the population base and high prevalence rate of diseases such as cancer and GI diseases. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the improvement in healthcare facilities, available disposable income, and rapidly developing economic conditions. However, dearth of skilled & trained endoscopists and high cost of the technologically advanced endoscopy devices hampered the market penetration in developing and underdeveloped economies.

Product development and expansion are the key strategies adopted in the endoscopy devices market. The report provides a comprehensive analysis of the key players that operate in the global endoscopy devices market.

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • CONMED Corporation
  • HOYA Corporation
  • Johnson & Johnson
  • KARL STORZ GmbH & Co. KG
  • Medtronic Plc
  • Olympus Corporation
  • MORE
CHAPTER 1 MARKET OVERVIEW

1.1. MARKET DEFINITION AND SCOPE
1.2. KEY FINDINGS

1.2.1. Top investment pockets
1.2.2. Top winning strategies

1.3. PORTERS FIVE FORCES ANALYSIS

1.3.1. Bargaining power of suppliers
1.3.2. Bargaining power of buyers
1.3.3. Threat of new entrants
1.3.4. Threat of substitutes
1.3.5. Competitive rivalry

1.4. MARKET SHARE ANALYSIS, 2015
1.5. REGULATION AND REIMBURSEMENT SCENARIO
1.6. MARKET DYNAMICS

1.6.1. Drivers

1.6.1.1. Technological advancements
1.6.1.2. Rise in prevalence rate of diseases that require endoscopy devices
1.6.1.3. Growth in patient preference for minimally invasive surgeries
1.6.1.4. Favorable FDA approvals and reimbursement policies in developed economies
1.6.1.5. Shorter recovery time and minimal post-operative complications

1.6.2. Restraints

1.6.2.1. Dearth of trained physicians and endoscopists
1.6.2.2. Infections caused by few endoscopes
1.6.2.3. High costs associated with endoscopy devices

1.6.3. Opportunities

1.6.3.1. Unmet medical demands in developing countries
1.6.3.2. Lucrative opportunities in emerging economies

CHAPTER 2 GLOBAL ENDOSCOPY DEVICES MARKET, BY PRODUCT, 2014-2022, $MILLION

2.1. OVERVIEW

2.1.1. Market size and forecast

2.2. ENDOSCOPES

2.2.1. Key market trends
2.2.2. Growth factors and opportunities
2.2.3. Market size and forecast
2.2.4. Endoscopy devices

2.2.4.1. Market size and forecast
2.2.4.2. By flexibility

2.2.4.2.1. Market size and forecast
2.2.4.2.2. Flexible endoscopes

2.2.4.2.2.1. Market size and forecast

2.2.4.2.3. Rigid endoscopes

2.2.4.2.3.1. Market size and forecast

2.2.4.3. By type

2.2.4.3.1. Market size and forecast
2.2.4.3.2. Cystoscopes

2.2.4.3.2.1. Market size and forecast

2.2.4.3.3. Neuroendoscopes

2.2.4.3.3.1. Market size and forecast

2.2.4.3.4. Urology endoscopes

2.2.4.3.4.1. Market size and forecast

2.2.4.3.5. Arthroscopes

2.2.4.3.5.1. Market size and forecast

2.2.4.3.6. Laparoscopes

2.2.4.3.6.1. Market size and forecast

2.2.4.3.7. Otoscopes

2.2.4.3.7.1. Market size and forecast

2.2.4.3.8. Laryngoscopes

2.2.4.3.8.1. Market size and forecast

2.2.4.3.9. Nasopharyngoscopes

2.2.4.3.9.1. Market size and forecast

2.2.4.3.10. Rhinoscopes

2.2.4.3.10.1. Market size and forecast

2.2.4.3.11. Gastroscopes

2.2.4.3.11.1. Market size and forecast

2.2.4.3.12. Colonoscopes

2.2.4.3.12.1. Market size and forecast

2.2.4.3.13. Bronchoscopes

2.2.4.3.13.1. Market size and forecast

2.2.4.3.14. Duodenoscopes

2.2.4.3.14.1. Market size and forecast

2.2.4.3.15. Sigmoidoscopes

2.2.4.3.15.1. Market size and forecast

2.2.4.3.16. Other endoscopes

2.2.4.3.16.1. Market size and forecast

2.2.5. Capsule endoscopy

2.2.5.1. Market size and forecast

2.2.6. Robot assisted endoscopy

2.2.6.1. Market size and forecast

2.3. VISUALIZATION AND DOCUMENTATION SYSTEMS

2.3.1. Key market trends
2.3.2. Key growth factors and opportunities
2.3.3. Market size and forecast
2.3.4. Light sources

2.3.4.1. Market size and forecast

2.3.5. Camera heads

2.3.5.1. Market size and forecast

2.3.6. Wireless display & monitors

2.3.6.1. Market size and forecast

2.3.7. Endoscopy cameras

2.3.7.1. Market size and forecast

2.3.8. Carts

2.3.8.1. Market size and forecast

2.3.9. Digital documentation systems

2.3.9.1. Market size and forecast

2.3.10. Video processors and video convertors

2.3.10.1. Market size and forecast

2.3.11. Transmitters and receivers

2.3.11.1. Market size and forecast

2.3.12. Others (printers, digital capture systems, recorders, couplers & splitters, among others)

2.3.12.1. Market size and forecast

2.4. MECHANICAL ENDOSCOPY EQUIPMENT

2.4.1. Key market trends
2.4.2. Key growth factors and opportunities
2.4.3. Market size and forecast
2.4.4. Endoscopic implants

2.4.4.1. Market size and forecast

2.4.5. Trocars

2.4.5.1. Market size and forecast

2.4.6. Graspers

2.4.6.1. Market size and forecast

2.4.7. Snares

2.4.7.1. Market size and forecast

2.4.8. Biopsy forceps

2.4.8.1. Market size and forecast

2.5. ACCESSORIES

2.5.1. Key market trends
2.5.2. Key growth factors and opportunities
2.5.3. Market size and forecast
2.5.4. Biopsy valves

2.5.4.1. Market size and forecast

2.5.5. Overtubes

2.5.5.1. Market size and forecast

2.5.6. Mouthpieces

2.5.6.1. Market size and forecast

2.5.7. Surgical dissectors

2.5.7.1. Market size and forecast

2.5.8. Needle holders and needle forceps

2.5.8.1. Market size and forecast

2.5.9. Cleaning brushes

2.5.9.1. Market size and forecast

2.5.10. Light cables

2.5.10.1. Market size and forecast

2.5.11. Other endoscopy accessories

2.5.11.1. Market size and forecast

2.6. OTHER ENDOSCOPY EQUIPMENT

2.6.1. Key market trends
2.6.2. Key growth factors and opportunities
2.6.3. Market size and forecast
2.6.4. Endoscopy ultrasound (EUS)

2.6.4.1. Market size and forecast

2.6.5. Insufflators

2.6.5.1. Market size and forecast

2.6.6. Endoscopy fluid management systems

2.6.6.1. Market size and forecast

2.6.7. Other electronic endoscopy equipment

2.6.7.1. Market size and forecast

CHAPTER 3 GLOBAL ENDOSCOPY DEVICES MARKET, BY APPLICATION, 2014-2022, $MILLION

3.1. OVERVIEW

3.1.1. Market size and forecast

3.2. BRONCHOSCOPY

3.2.1. Market size and forecast

3.3. ARTHROSCOPY

3.3.1. Market size and forecast

3.4. LAPAROSCOPY

3.4.1. Market size and forecast

3.5. UROLOGY ENDOSCOPY

3.5.1. Market size and forecast

3.6. NEUROENDOSCOPY

3.6.1. Market size and forecast

3.7. GASTROINTESTINAL ENDOSCOPY

3.7.1. Market size and forecast

3.8. OBSTETRICS/GYNECOLOGY ENDOSCOPY

3.8.1. Market size and forecast

3.9. ENT ENDOSCOPY

3.9.1. Market size and forecast

3.10. OTHER APPLICATIONS IN ENDOSCOPY

3.10.1. Market size and forecast

CHAPTER 4 GLOBAL ENDOSCOPY DEVICES MARKET, BY END USER, 2014-2022, $MILLION

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. HOSPITALS

4.2.1. Market size and forecast

4.3. CLINICS

4.3.1. Market size and forecast

4.4. OTHERS

4.4.1. Market size and forecast

CHAPTER 5 GLOBAL ENDOSCOPY DEVICES MARKET, BY GEOGRAPHY, 2014-2022, $MILLION

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. NORTH AMERICA

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.2.3.1. U.S. market size and forecast
5.2.3.2. Mexico market size and forecast
5.2.3.3. Canada market size and forecast

5.3. EUROPE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities

5.3.1. Market size and forecast

5.3.1.1. UK market size and forecast
5.3.1.2. France market size and forecast
5.3.1.3. Germany market size and forecast
5.3.1.4. Other European countries market size and forecast

5.4. ASIA-PACIFIC

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.1. Market size and forecast

5.4.1.1. China market size and forecast
5.4.1.2. India market size and forecast
5.4.1.3. Japan market size and forecast
5.4.1.4. Australia market size and forecast
5.4.1.5. Other Asia-Pacific countries market size and forecast

5.5. LAMEA

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.1. Market size and forecast

5.5.1.1. Brazil market size and forecast
5.5.1.2. Saudi Arabia market size and forecast
5.5.1.3. Republic of South Africa market size and forecast
5.5.1.4. Other LAMEA countries market size and forecast

CHAPTER 6 COMPANY PROFILES

6.1. HOYA CORPORATION

6.1.1. Company overview
6.1.2. Operating business segments
6.1.3. Business performance
6.1.4. Key strategic moves & developments

6.2. BOSTON SCIENTIFIC CORPORATION

6.2.1. Company overview
6.2.2. Operating business segments
6.2.3. Business performance
6.2.4. Key strategic moves & developments

6.3. OLYMPUS CORPORATION

6.3.1. Company overview
6.3.2. Operating business segments
6.3.3. Business performance
6.3.4. Key strategic moves & developments

6.4. JOHNSON & JOHNSON

6.4.1. Company overview
6.4.2. Operating business segments
6.4.3. Business performance
6.4.4. Key strategic moves & developments

6.5. FUJIFILM HOLDINGS CORPORATION

6.5.1. Company overview
6.5.2. Operating business segments
6.5.3. Business performance
6.5.4. Key strategic moves & developments

6.6. STRYKER CORPORATION

6.6.1. Company overview
6.6.2. Operating business segments
6.6.3. Business performance
6.6.4. Key strategic moves & developments

6.7. MEDTRONIC PLC

6.7.1. Company overview
6.7.2. Operating business segments
6.7.3. Business performance
6.7.4. Key strategic moves & developments

6.8. SMITH AND NEPHEW PLC

6.8.1. Company overview
6.8.2. Operating business segments
6.8.3. Business performance
6.8.4. Key strategic moves & developments

6.9. KARL STORZ GMBH & CO. KG

6.9.1. Company overview
6.9.2. Operating business segments
6.9.3. Business performance
6.9.4. Key strategic moves & developments

6.10. CONMED CORPORATION

6.10.1. Company overview
6.10.2. Operating business segments
6.10.3. Business performance
6.10.4. Key strategic moves & developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CONMED Corporation
  • HOYA Corporation
  • Johnson & Johnson
  • KARL STORZ GmbH & Co. KG
  • Medtronic Plc
  • Olympus Corporation
  • MORE
Endoscopy Devices Market Report, forecasts that the global endoscopy devices market is expected to garner $40,854 million by 2022 from $27,273 in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market in 2015.

Rise in prevalence of diseases that require endoscopy procedures such as cancers and gastrointestinal diseases is one of the prime reasons that drives the growth of endoscopy devices market. In addition, growth in baby boomer generation with high risk of targeted diseases, rise in awareness about novel endoscopy devices, and patient preference for the minimally invasive nature of endoscopy devices propel the market growth. Modern endoscopy techniques have revolutionized the examination and treatment of upper gastrointestinal tract (including esophagus, stomach, and duodenum) and the colon. Increase in adoption of innovative endoscopy devices such as capsule endoscopes and robot-assisted endoscopy along with ultra-high-definition visualization systems further augments the market growth. However, the dearth of skilled physicians & endoscopists, high cost of the sophisticated endoscopy devices, and infections caused by a few endoscopes impede the market growth.

Flexible endoscopes dominated the endoscopy devices market, accounting for over three-fourth oftotal share in 2015, owing to their ability to reach viscera and cavities not visible to the naked eye and where the rigid endoscopy fails to examine. Diversified use of flexible endoscopy devices in the diagnosis and treatment of various diseases such as gallbladder disease with lower risk, followed by rapid recovery along with minimal post-surgical complications favored its growth in the laparoscopy market. Among other products, the endoscopy cameras hold more than one-fifth of the total stake in the endoscopy visualization and documentation systems. This is attributed to the fact that cameras, being an integral component of the endoscopy system, are continuously evolving, and currently cameras offering ultra-high-definition resolution and clarity are being employed to capture the meticulous detail of the visceral organs during surgery.

The laparoscopic interventions is anticipated to generate the highest revenue of $9,350 million, whereas the gastrointestinal endoscopy interventions is expected to grow at the fastest rate of 6.8% during the analysis period, owing to its increase in need, as the surge in geriatric population is directly proportionate to the rise in number of diseases related to the GI tract.

Hospitals segment is expected to maintain its lead in the overall end user of the endoscopy devices market, due to the availability of diverse endoscopy services and favorable reimbursement policies. Most hospitals are well equipped with technologically advanced endoscopic facilities in the developed economies. Although the endoscopic needs are also largely felt in developing economies, low awareness, lack of skilled professionals, and unmet medical needs at economical cost hamper the market growth in these areas. On the other hand, the growth in demand for endoscopy devices in developed economies such as North America and Europe have further boosted the market growth due to the high prevalence rate of complex diseases such as cancer and rapid increase in geriatric population. However, clinics are anticipated to exhibit the highest growth rate with a CAGR of 6.0% due to the highest usage of endoscopic devices with respect to endoscopy procedures performed related to internal examination of visceral organs.

Key Findings of Endoscopy Devices Market:

In the year 2015, Endoscopes was the leading product type,and is projected to grow at a CAGR of 6.0%.
Capsule endoscopy is expected to grow at a remarkable CAGR of 8.7%, owing to the minimal invasive nature, more detailed images, and simple equipment designed of vitamin pill size used widely for imaging entire small intestine specifically.
Gastrointestinal endoscopy application is projected to grow at a high CAGR of 6.8%.
U.S. alone contributed over 94% market share in North America of endoscopy devices market in 2015.
Japan is the major shareholder in Asia-Pacific, accounting for around 54.5% of the Asia-Pacific endoscopy devices market.
North America is expected to dominate the endoscopy devices market, followed by Europe.

North America accounted for the major share in the endoscopy devices market in2015, and is expected to maintain this trend throughout the forecast period. This is due to the rise in prevalence of chronic diseases coupled with increase in geriatric population, high adoption rate of technologically advanced endoscopy devices, and high awareness regarding the benefits of endoscopy interventions. In addition,presence of highly sophisticated healthcare infrastructure, rise in measures for preventive healthcare, and favorable reimbursement scenario propelled the market growth. However, Asia-Pacific is anticipated to grow rapidly attributed to the presence of ample growth opportunities in terms of unmet medical needs for the diagnosis of life-threatening illnesses such as cancer in this region and quest for improved quality of life in emerging countries.

Product development and expansion were the key strategies followed by the leading companies to strengthen their market positions. Some of the key companies profiled in the report are Olympus Corporation, HOYA Corporation, Fujifilm Holdings Corporation, Boston Scientific Corporation, CONMED Corporation, Stryker Corporation, Smith & Nephew Plc, Medtronic Plc, KARL STORZ GmbH & Co. KG, and Johnson & Johnson.
Note: Product cover images may vary from those shown
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  • HOYA Corporation
  • Olympus Corporation
  • Stryker Corporation
  • Boston Scientific Corporation
  • Fujifilm Holdings Corporation
  • CONMED Corporation
  • Medtronic Plc
  • KARL STORZ GmbH & Co. KG
  • Smith & Nephew, Plc
  • Johnson & Johnson
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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