MarketsandMarkets: Global Endoscopy Market worth $9.7 Billion by 2016
DALLAS, May 29, 2012 /PRNewswire/ –
The “Global Endoscopy Market by Product, Application & Technology (2011- 2016
analyzes and studies the major market drivers, restraints, and opportunities in Americas,
Europe, Asia, Japan and Rest of the World.
Browse market data tables and in-depth TOC of “Global Endoscopy Market by Product,
Application & Technology (2011- 2016)”.
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This report studies “the Global Endoscopy Market By Application, Product & Technology
over the forecast period 2011-2016″.
The global healthcare industry has seen a shift in paradigm and is now skewed toward
less-invasive therapies that not only cures serious illnesses, but also have fewer serious
side effects. Demand for endoscopy has increased manifolds over the past decade owing to
patient preference for minimally invasive surgeries.
The global endoscopy market was valued at $6.1 billion in the year 2011 and is
expected to be $9.7 billion in the year 2016. North America was the largest endoscopy
market, followed by Europe and Japan (2011). In the next five years, Asian countries are
slated to register a maximum CAGR of 14.42% owing to increased healthcare spending by the
government, healthcare reforms and increased patient awareness about minimally invasive
Global endoscopy market is broadly segmented into the following product categories;
rigid endoscopes, flexible endoscopes, endoscopy visualization systems, endoscopic
ultrasounds, endoscopy fluid management systems, and endoscope accessories. Introduction
of new, but expensive technologies such as HD cameras, 3DHD systems, HDTV three-chip
systems, Narrow Band Imaging, Capsule Endoscopy, Natural Orifice Transluminal Endoscopic
Surgery (NOTES), Picture Archiving and Communication Systems (PACS), Mucosal Ablation
Therapy, Robotic Endoscopes etc. are expected to drive the global endoscopy market for the
coming five years.
The global endoscopy market witnesses high competitive intensity as there are many big
as well small firms with similar product offerings. The market is dominated by Olympus
Corporation with 70% market share, in 2011. Hoya Corporation (Pentax Medical System),
Fujifilm Holding Corporation, Karl Storz, Boston Scientific, Stryker, Richard Wolf, Smith
and Nephew Inc., Johnson and Johnson-Ethicon Endo Surgery (EES), Given Imaging Ltd.,
ConMed etc. are some of the prominent players in the global endoscopy market.
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