Solos Endoscopy, has declared that the company is all-set for significant expansion in the multi-billion dollar endoscopic market. The instruments of Solos Endoscopy are being used in more than 60 clinics, hospitals, medical centers, Healthcare Centers and Surgery Centers all over the United States with strategies to promote its endoscopic instrument universally after the receipt of the CE mark.
Meltwater News, a worldwide expert in online media monitoring, has released a report, which anticipates considerable growth in the endoscopy market in the next five years. The endoscopy market globally was $23.3 billion in 2010 and is expected to reach almost $24.8 billion in 2011, which is further predicted to extend to $33.7 billion by 2016 at a compound annual growth rate (CAGR) of 6.4%.
This is partially because of the introduction of additional innovative applications for this technology. The other principle aspect that will supplement its growth is its identification in rising markets such as Japan and Vietnam. Constant wide-reaching expansion is predictable in other geographic areas because of an emerging middle class community in countries such as India, China, Brazil, and Russia.
Laparoscopy accounts for over 26% of the market and is anticipated to reach $6.8 billion by the end of this year and to reach $10.6 billion in five years at a compound annual growth rate (CAGR) of 9.2%.
Endoscopy of the GI track for adhesions, tumors, diverticulitis, etc. will result in an increase from $3.7 billion in 2011 to over $4.9 billion in 2016, a CAGR of 5.7%.
Solos Endoscopy, is a HealthCare appliance company expanding to promote innovative and valuable instruments for screening, diagnosis, and treatment of medical conditions.