The global endoscopy devices market is valued USD 25.8 Billion in 2017 and is projected is to exhibit 6.7% CAGR during the forecast period. The market is projected to be around USD 43.3 Billion by 2026. The market growth is driven growing government and private funding to adopt new device such endoscope devices for diagnostics.
Increasing the geriatric population coupled with advancement in healthcare infrastructure especially in developing economies are driving the need for efficient and advance endoscopy devices. Also, surge in incidence of colonoscopy procedures performed in emerged economies countries such as U.S is the other factor driving the need for the global endoscopy devices market during the forecast period.
The global endoscopy devices market is segmented into application, product, end-user and region. On the basis of application the global endoscopy devices market is segmented into obstetrics/gynecology endoscopy, bronchoscopy, arthroscopy, gastrointestinal endoscopy, laparoscopy, urology endoscopy, neuroendoscopy, ENT endoscopy, and others. On the basis of the product the global endoscopy market is further bifurcated into, visualization & documentation systems, endoscopes accessories, mechanical endoscopy equipment, and other endoscopy equipment. On the basis of the end user the market is segmented into clinics, hospitals, and others. Based on the geography the global endoscopy market is further segregated into Latin America, North America, Europe and Asia Pacific.
Among end-user segment, hospital sub-segment captures the major market share in 2017. The acceptance of endocopy devices in hospital are attributed to different partnerships and collaborations between endoscopy devices manufacturing companies and hospitals are significantly affect the global endoscopy devices market.
The global players catering to the global endoscopy devices market are B. Braun, Cogentix Medical, Richard Wolf GmbH, Cook Medical, Olympus, KARL STORZ, CONMED, Boston Scientific, Hoya, Fujifilm, Stryker, Ethicon, Smith & Nephew, Holdings Corporation,Siemens Healthcare, Advanced Sterilization Products Services Inc., KARL STORZ, Minntech Corporation, Boston Scientific, Hoya, US Endoscopy Group, Arthrex Inc., Ethicon and Medtronic.