(PharmaNewsWire.Com, May 09, 2017 ) The report "Endoscopy Equipment Market by Product (Endoscopes (Flexible, Rigid, Capsule), Visualization Systems, Other Endoscopy Equipment, Accessories), Application (GI Endoscopy, Laparoscopy), End User (Hospitals, ASCs/Clinics) - Trends & Forecasts to 2021” The endoscopy equipment market is projected to reach USD 35.36 Billion by 2021, growing at a CAGR of 6.2% during the forecast period of 2016 to 2021.
The growth of the overall endoscopy equipment market can be attributed to rising investments, funds, and grants by government bodies worldwide; rising number of hospitals; and growing hospital investments. In addition, growing patient preference for minimally invasive surgeries, technological advancements, favorable reimbursement coverage in selected countries, rising geriatric population, and the rising prevalence of target diseases that require endoscopy procedures have contributed to the market growth.
The global endoscopy equipment market is segmented on the basis of product, application, end user, and region.
Based on product, the endoscopy equipment market is categorized into endoscopes, visualization systems, other endoscopy equipment, and accessories. The endoscopes segment is further divided into flexible, rigid, and capsule endoscopes. The visualization systems segment include endoscopy cameras, camera heads, video convertors, transmitters & receivers, carts, and video recorders. The other endoscopy equipment is classified into other electrical endoscopy equipment and other mechanical endoscopy equipment. The accessories of endoscopy equipment include cleaning brushes, surgical dissectors, needle forceps & needle holders, fluid flushing devices, light cables, biopsy valves, mouthpiece Based on application, the market is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecological endoscopy, urology endoscopy, bronchoscopy, mediastinoscopy, otoscopy, and laryngoscopy. The gastrointestinal endoscopy segment is expected to account for the largest share of the market in 2016. Based on end user, the market is segmented into hospitals and ambulatory surgical centers (ASCs)/clinics. The hospital segment is expected to account for the largest share of the endoscopy equipment market in 2016. Download Sample Pages of this Report@ <||>rnhttp://www.marketsandmarkets.com/requestsample.asp?id=689
Based on region, The global market is divided into North America, Europe, Asia-Pacific, and RoW (Latin America, the Middle East, and Africa). In 2016, North America is poised to account for the largest share of the endoscopy equipment market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is projected to grow at the highest CAGR during the forecast period and serve as a major revenue pocket for companies offering endoscopy equipment.
Some major players in the global endoscopy equipment market include Ethicon, Inc. (U.S.), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), KARL STORZ GmbH & Co. KG (Germany), Medtronic plc (Ireland), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Pentax Medical Corporation (Japan), Smith & Nephew plc (U.K.), Richard Wolf GmbH (Germany), and Cook Medical Incorporated (U.S.).
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