According to a market research report titled ‘Endoscopy Devices: Applications and Global Markets’ offered by companiesandmarkets.com, the worldwide market for endoscopy devices would surpass $33.7 billion in 2016 as it is expected to grow at a compound annual growth rate of 6.4%.
The 125-page report provides both historical and outlook data for the reporting period 2011-2016, as well as segments the industry by geography, disease, product and company. The report discusses market scenario, companies, disease incidence, merger and acquisition activities in the market, regulatory affairs, barriers, growth factors and trends.
The global endoscopy market value in 2010 was $23.3 billion and that value in 2011 would be $24.8 billion. Laparoscopy segment represents 26% of the global endoscopy market and its value would be $6.8 billion in 2011. The segment would reach $10.6 billion in 2016 at a CAGR of 9.2%.
GI track endoscopy for diverticulitis, adhesions and tumors would reach $3.7 billion in 2011 and exceed $4.9 billion by 2016 at a CAGR of 5.7%. The report predicts that the rapid growth of the endoscopy market would be sustained for the coming five years.
The report covers the latest advancements in the endoscopy market such as robot assisted endoscopy, picture archiving and communications systems, pillcam, double-balloon endoscopy devices, third eye retroscope, high definition imaging and narrow band imaging.
Stryker, Smith & Nephew, Olympus Medical Systems, Karl Storz, Johnson & Johnson-Ethicon Endo Surgery, Given Imaging, Covidien and Boston Scientific are some of the major players discussed in the report.