San Francisco, 12 November 2018 , The
global endoscopes market size is expected to reach USD 17.19 billion by 2025,
according to a new report by Grand View Research, Inc., progressing at a CAGR
of 8.8% during the forecast period. Growing global geriatric population, high
prevalence of gastrointestinal diseases, and rising technological advancements
are the key factors contributing to market growth. Rising preference for
minimally invasive surgeries (MIS) is also positively influencing the growth of
the market.
Endoscopy
surgeries are performed for diagnosis as well as treatment of gastrointestinal,
gynecological, neurological, and cardiovascular diseases. Emergence of
minimally invasive alternatives to open surgeries such as laparoscopy,
hysteroscopy, and colonoscopy is boosting the demand for endoscopes. Preference
of MIS is increasing owing to smaller incision, reduction in postoperative
complications & mortality, and lesser trauma. Furthermore, they are
economically viable alternatives to open surgeries.
Availability
of technologically advanced endoscopes is also providing a significant push to
the market. Market players are undertaking R&D initiatives to improve
existing products as well as launch new products, which is expected to bolster
the growth of the market. For example, VISERA 4K UHD System is a surgical system
lunched by Olympus in 2016 with 55-inch primary operative display for enhancing
MIS.
In March
2018, Auris Health, Inc. announced FDA approval of its new robotic endoscopy
system, Monarch Platform. In June 2017, Olympus launched 3D surgical endoscope
designed to be compatible with VISERA ELITE II system. It uses 3D imaging
facilitating depth perception that enables precise surgery. Pentax Medical
launched Slim Linear Ultrasound Endoscope (EG-3270UK) in the U.S. in August
2017.
Full Research Report On Endoscopes Market Analysis:
www.grandviewresearch.com/industry-analysis/endoscopes-market
www.grandviewresearch.com/industry-analysis/endoscopes-market
Further key findings from the report suggest:
·
Flexible endoscopes emerged as the largest
product segment in 2017, accounting for more than half of the market revenue
·
Gastrointestinal endoscopy was the leading
revenue contributor in the market, on the basis of applications, in 2017. On
the other hand, urology endoscopy is expected to emerge as the fastest growing
segment over the forecast period
·
Hospitals was the largest end-use segment
in 2018 in terms of revenue. Ambulatory surgery centers are rapidly gaining
popularity and the segment is anticipated to register the highest CAGR during
the same period
·
North America was the dominant regional
market in 2017 due to high healthcare expenditure, favorable reimbursement
framework, growing elderly population and disease burden, and heightened
adoption of technologically advanced products
·
Asia Pacific is likely to exhibit a
lucrative CAGR of 10.6% during the forecast period owing to economic development
in emerging countries, improvement in healthcare infrastructure, and increase
in awareness about MIS
·
Olympus Corporation; Ethicon US, LLC;
Fujifilm Holdings Corporation; Boston Scientific Corporation; Karl Storz GmbH
& Co. KG; Stryker; Medtronic; and CONMED Corporation are the leading
players in the endoscopes market.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global endoscopes market on the basis of product, applications, end use, and
region:
Endoscopes
Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Rigid Endoscopes
o
Laparoscopes
o
Arthroscopes
o
Urology endoscopes
o
Cystoscopes
o
Gynecology endoscopes
o
Neuroendoscopes
o
Other rigid endoscopes
·
Flexible Endoscopes
o
Upper gastrointestinal endoscopes
o
Colonoscopes
o
Bronchoscopes
o
Sigmoidoscopes
o
Laryngoscopes
o
Pharyngoscopes
o
Duodenoscopes
o
Nasopharyngoscopes
o
Rhinoscopes
o
Other flexible endoscopes
·
Capsule Endoscopes
·
Disposable Endoscopes
·
Robot Assisted Endoscopes
Endoscopes
Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Gastrointestinal (GI) endoscopy
·
Urology endoscopy (cystoscopy)
·
Laparoscopy
·
Obstetrics/gynecology endoscopy
·
Arthroscopy
·
Bronchoscopy
·
Mediastinoscopy
·
Otoscopy
·
Laryngoscopy
·
Other applications
Endoscopes
End Use Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Ambulatory surgery centers
·
Other End Uses
Endoscopes
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
o
France
o
Russia
o
Italy
o
Spain
o
Denmark
o
Switzerland
·
Asia Pacific
o
China
o
Japan
o
India
o
Australia
o
New Zealand
o
Thailand
o
Indonesia
o
Malaysia
o
Vietnam
o
Philippines
·
Latin America
o
Brazil
o
Mexico
o
Argentina
·
Middle East & Africa
o
South Africa
o
Saudi Arabia
o
Israel
o
U.A.E.
o
Kuwait
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-endoscopes-market
www.grandviewresearch.com/press-release/global-endoscopes-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
