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Global Forecast Report on Endoscopy Equipment Market

Feb 14 2014

Research and Markets has announced the addition of the "Endoscopy Equipment Market by Endoscopes, Visualization Systems & Application - Global Forecasts to 2018" report to their offering.

Endoscopy systems have a huge market demand across the globe owing to their wide application areas as well as their flexibility in terms of specification of instruments, which fits in with the various requirements of different procedures. The market has seen an extraordinary amount of technological advancements and breakthroughs in the last few years, as companies have focused on developing products that are capable of reducing pain, curtailing the number of sick days, and reducing the overall cost of the treatment. The global endoscopy equipment market was estimated at $28.2 billion in 2013 and is expected to reach $37.9 billion by 2018, growing at a CAGR of 6.1% from 2013 to 2018.

This report categorizes the global endoscopy equipment market into four segments, namely, endoscopes, visualization equipment, other instruments, and accessories. The endoscopes market commanded the largest share of 28.2% of the global market in 2013 and is expected to reach $37.9 billion by 2018, growing at a CAGR of 6.1%. The market for endoscopes is segmented into rigid endoscopes, flexible endoscopes, surgical endoscopes, and capsule endoscopes. The surgical endoscopes market accounted for the largest share of the endoscopes market in 2013, growing at a CAGR of 28.2% to reach $37.9 billion by 2018. However, the capsule endoscopes segment is slated to grow at the highest CAGR of 6.1% from 2013 to 2018 due to increased reimbursement coverage, technological advancements, and increased patient preference.

The market for visualization equipment is segmented into endoscopy cameras, video processors, video convertors, camera heads, light sources, wireless displays and monitors, transmitters and receivers, and others. The wireless displays and monitors segment is the fastest-growing segment of the visualization systems market, growing at an estimated CAGR of 6.1% from 2013 to 2018, to reach $37.9 million by 2018. The market for other instruments is broadly segmented into electronic and mechanical instruments. The electronic endoscopy instruments market accounted for the largest share of the other endoscopy instruments market, by segment, at an estimated $28.2 million in 2013. This segment is expected to reach $37.9 million by 2018 at a CAGR of 6.1% from 2013 to 2018. The endoscopic accessories market includes carts/trolleys, cleaning brushes, overtubes, fluid flushing devices, and biopsy valves. The carts market accounted for the largest share of the mechanical endoscopy instruments market, by segment, at an estimated $28.2 million in 2013. This segment is expected to reach $37.9 million by 2018, at a CAGR of 6.1% from 2013 to 2018.