Market Research Reports- Consulting Analysis Crystal Market Research Endoscopy Devices Market | Page 2
market in coming years. As these surgeries considerably reduce the duration of hospital stay for the
patients, number of endoscopy procedures performed around the world is increasing at a significant rate.
Moreover, increasing geriatric population around the world is further contributing to the rising demand
for endoscopy devices along with rising incidence of cancer around the world. However, factors such as
concerns related to infections that can occur due to endoscopes and high cost of endoscopy devices can
hinder the market growth during the forecast period.
The endoscopes segment accounted for a major share of the global endoscopy devices market in 2016 due
to extensive adoption of technologically advanced endoscopes designed for minimally invasive
endoscopy procedures resulting in lesser pain and shorter hospital stays. Within the endoscopes market,
the flexible endoscopes segment held the major share in 2016 whereas, capsule endoscopes segment is
projected to exhibit fastest growth during the forecast period. Based on the applications, the
gastrointestinal endoscopy segment accounted for the largest share of the global endoscopy devices
market in 2016 and is expected to witness fastest growth between 2017 and 2025 due to increasing
number of gastrointestinal endoscopy procedures around the world. Hospitals and clinics segment
accounted for a major share of the endoscopy devices market in 2016.
The key players operating in the global endoscopy devices market focus on product development to
design and develop improved endoscopy devices intended for various applications. For instance, In
September 2016, invendo medical GmbH, a provider of single-use, robotically assisted endoscopy
products, obtained FDA clearance for its invendoscopy E200 System which contains the first and the only
single-use, sterile colonoscope, the invendoscope SC200. The advanced system was intended to assist
gastroenterologists in achieving improved control during procedures. Some of the major players in the
global endoscopy devices market are, Ethicon US, LLC. (a part of Johnson & Johnson Services, Inc.), US
Endoscopy, Olympus Corporation, FUJIFILM Holdings Corporation, Cook Group Incorporated, Richard
Wolf GmbH, Smith & Nephew PLC, PENTAX Medical (a part of HOYA Corporation), KARL STORZ
GmbH & Co. KG, Medtronic plc, Stryker Corporation, B. Braun Melsungen AG, Boston Scientific
Corporation and Siemens AG.
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Key Findings of the Research Study:
Endoscopes segment accounted for the largest share of the global endoscopy devices market in
2016 owing to large scale adoption of advanced endoscopes for performing minimally invasive
endoscopy procedures.