San Francisco, 26 December 2018: The Report Endoscopes Market Size, Share, And Trends Analysis Report By Product (Flexible,
Disposable, Rigid), By Application (Gastrointestinal, Urology, Laparoscopy), By
End Use, And Segment Forecasts, 2018 - 2025
According to a report by Grand
View Research, Inc., global endoscopes market is projected to value USD 17.19
billion by 2025. Growing need for minimally invasive surgeries is anticipated
to propel demand for endoscopes during the forecast period (2014 to 2025). Such
medical devices are likely to support healthcare providers while diagnosing
various chronic diseases to provide better treatment.
Increasing use of endoscopes
in numerous medical procedures such as cystoscopy, laparoscopy, and
bronchoscopy owing to rise in minimally invasive surgeries (MIS) can stimulate
market growth. Such procedures are likely to reduce recovery time as compared
to open invasive surgeries. In addition, MIS are likely to offer economic
viability, lower hospital stay, high patient satisfaction, and reduced
post-surgery complications. Hence, MIS can augment market growth in the
forthcoming years. In addition, rising cases of cancer can also play a major
role in rising demand for endoscopes. Various endoscopy procedures are being
used to diagnose different types of cancers. Moreover, rising adoption of
endoscopic bariatric surgeries attributed to increasing cases of obesity can
further impel market expansion. Growing popularity of preventive healthcare
coupled with increasing disposable income can drive demand for bariatric
surgeries. Such surgeries are expected to be cost effective and safe
alternative to traditional bariatric surgeries.
Access Research Report of Endoscopes Market@ www.grandviewresearch.com/industry-analysis/endoscopes-market
The endoscopes market can be
segregated on the basis of product, application, end-use, and region. Based on
product, the market can be categorized into flexible endoscopes, rigid
endoscopes, capsule endoscopes, disposable endoscopes, and robot assisted
endoscopes. In 2017, flexible endoscopes segment dominated the market and
accounted for highest market share in terms of revenue. Safety, efficiency, and
ergonomic features offered by flexible endoscopes are likely to impel their
demand among medical professionals.
Based on application, the
market can be classified into laparoscopy, gastrointestinal (GI)
endoscopy, arthroscopy, bronchoscopy,
mediastinoscopy, urology endoscopy (cystoscopy), otoscopy,
obstetrics/gynecology endoscopy, laryngoscopy, and other applications. In 2017,
gastrointestinal endoscopy segment dominated the market and accounted for 55%
of overall market share. Rising cases of gastro intestinal diseases attributed
to increasing geriatric population can augment growth of segment.
Based on end-use, the market
can be classified into ambulatory surgery centers, hospitals, and other end
uses. In 2017, hospitals segment dominated the market and accounted for highest
market share. Growing need for various types of endoscopes attributed to
increasing number of surgeries can stimulate growth of segment.
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Grand View Research at: www.grandviewresearch.com/industry/medical-devices
On the contrary, ambulatory
surgery centers (ASCs) segment is estimated to grow well over the forecast
period. Cost-effectives and shifting preference for minimally invasive
surgeries can spur growth of segment in the forthcoming years.
Regional segmentation includes
Europe, North America, Asia Pacific, Latin America, and Middle East &
Africa. In 2017, North America dominated the market and accounted for maximum
market share. Growing adoption of minimally invasive surgeries attributed to
rising cases of target diseases can augment regional growth. Increasing number
of geriatric population are liable to chronic diseases, which may require
endoscopy during diagnosis. This factor, can augment growth of market in the
forthcoming years. In addition, increasing use of technologically advanced
robot-assisted endoscopes in surgeries and diagnosis can also stimulate market
growth. Moreover, rising cases of colorectal cancer is anticipated to propel
regional growth over the forecast period. According to American Cancer Society,
colorectal cancer is third most diagnosed cancer in United States in 2018.
Increasing number of organizations like New York Society for gastrointestinal
endoscopy and American Gastrointestinal Association can create awareness
regarding benefits of endoscopy in United States. This factor can further influence
regional market growth in the forthcoming years.
In Asia Pacific, the market is
projected to be witness significant growth at CAGR of 10.6% over the forecast
period. Developing economies like China and India are expected to account for
high growth rate owing to high economic growth. In addition, rising cases of
chronic diseases like cancer can also impel demand for endoscopy in the region.
Moreover, continual technological advancements in diagnostic therapies and
better healthcare infrastructure can influence market expansion in the forthcoming
years.
Some of the leading companies
operating in the market for endoscopes are Richard Wolf Gmbh, Olympus, Karl
Storz, Fujifilm Holdings Corporation, and Boston Scientific Corporation.
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Press Release of 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.
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