Market Research Report Store Endoscopy Equipment Market poised to reach USD 35.
"Endoscopy Equipment Market poised to reach USD 35.36 billion by 2021, growing at a CAGR
of 6.2% during the forecast period of 2016 to 2021" published in June 2017. It is a professional
and in-depth study.
Summary
Market Research Report Store announces a new report "Endoscopy Equipment Market"added
to its database.The endoscopy equipment market is poised to reach USD 35.36 billion by 2021,
growing at a CAGR of 6.2% during the forecast period of 2016 to 2021. Over the years, the global
healthcare industry has witnessed a paradigm shift and is now increasingly focusing on minimally
invasive therapies that not only cure serious illnesses but also have fewer side effects. In the past
decade, the demand for endoscopy has increased significantly, largely because of patient preference for
minimally invasive surgeries, low-risk procedures, and favorable health insurance coverage.
Technological advancements and breakthroughs in the field of endoscopy are expected to drive the
growth of the global endoscopy equipment market in the coming years.
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Advancements in technology have also resulted in several improvisations, including increased angles in
the field of view in endoscopes, reduced outer diameters of scopes, endoscopy systems that are
integrated with high-resolution technologies such as 3D systems, and miniaturized endoscopy systems.
The majority of leading players in the endoscopy equipment market are launching innovative products
using advanced technologies to address the specific demands of their consumers, thereby stimulating
the sales of their endoscopy equipment. Other factors that are driving the growth of the global
endoscopy equipment market include a favorable reimbursement scenario in select geographies and
increasing prevalence/incidence of diseases requiring endoscopy procedures.
In 2016, the endoscopes segment is expected to account for the largest share of the global endoscopy
equipment market, by product. In 2016, the gastrointestinal endoscopy segment is expected to account
for the largest share of endoscopy equipment market, by application. The hospitals segment is expected
to account for the largest share of the endoscopy equipment market, by end user.
In 2016, North America is expected to account for the largest share of the global endoscopy equipment
market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). North America’s large
share can be attributed to the favorable reimbursement scenario in the U.S., increasing incidence of
cancer in the U.S. and Canada, research on new technologies in the U.S., and the implementation of a
new funding model for Canadian hospitals. In the coming years, the endoscopy equipment market is
expected to witness the highest growth in the Asian region, with emphasis on India, China, and Japan.