Minimal Invasive Methods of Endoscopy Equipment has Grown Market Revenues

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Endoscopy Equipment and Software Market by Product [Endoscopes (Flexible, Rigid, Capsule), Visualization Systems, Electronic, Mechanical, Software, Accessories], Application (Diagnostics, Surgery), End User (Hospitals, Ambulatory Care, Diagnostic Centre) - Forecast to 2024

Meticulous Research® – leading global market research company published a research report titled “Endoscopy Equipment and Software Market by Product [Endoscopes (Flexible, Rigid, Capsule), Visualization Systems, Electronic, Mechanical, Software, Accessories], Application (Diagnostics, Surgery), End User (Hospitals, Ambulatory Care, Diagnostic Centre) - Forecast to 2024”.

Endoscopy is an imaging technology used for examination of interior organs or vessels of the body. This technology not only used to detect the damage but also helps in surgical or therapeutic procedures. Factors such as growing geriatric population with increasing prevalence of gastrointestinal, cancers, and other chronic diseases; rising number of hospitals; and technological advancement related to endoscopy are driving this market. Moreover, emerging opportunities from developing countries and rising preference for minimally invasive techniques provide high opportunities for this market in coming years.

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Risen No. of Hospitals in the Developing Countries propelled the Growth of Endoscopy Equipment and Software Market

In recent years, various government initiatives towards the development of healthcare facilities have led to increase in number of hospitals. For instance, in India, in Union Budget 2017-2018, the government decided to setup 2 new AIIMS hospitals in Jharkhand and Gujarat. Further, in April 2014, the country developed AYUSH infrastructure comprised of over 8 lacs registered practitioners; 25,492 dispensaries; and 3,601 hospitals.

Moreover, the Chinese government is taking initiatives to shift the burden of care from public hospitals to private hospitals and owing to this, the number of private hospitals in China doubled to a total of 16,900 hospitals in just six years, from 2011-2017. This has presented high growth opportunities for endoscopy equipment suppliers in the private sector.

Endoscope to Dominate the Global Endoscopy Equipment and Software Market

Endoscopes commanded the largest market share of global endoscopy equipment and software market due to their advantages such as easy procedure, low cost, flexible nature, real-time monitoring, and low risk compared to surgeries. Moreover, growing preference to minimally invasive procedures and use of disposable or single-use endoscopes further help to increase the adoption of these equipment.

Diagnostic Application Segment to Witness the Largest Demand Through 2024

Based on application, the market is segmented into diagnostics and surgery. Within this, diagnostics application segment is expected to command the largest market share of the endoscopy equipment and software market. The large market share of this segment can be attributed to the rising aging population with prevalence of diseases and improving healthcare infrastructure in developing countries.

Hospitals Are the Largest Consumers of Endoscopy Equipment and Software

Growth in number of hospitals due to government initiatives in developing countries is the major driver of this market for hospitals. Moreover, physicians prefer to perform endoscopy in hospital based environment due to emergence of any complications during endoscopic procedure.

Asia-Pacific: Fastest Growing Regional Market

North America commanded the largest market share of the global endoscopy equipment and software market in 2017, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. However, Asia-Pacific will be the fastest growing regional market due to accelerated economic growth of many countries in this region, and growing government focus on healthcare sector; In addition, government initiatives towards the development of healthcare facilities and increasing health insurance penetration further supports the growth of this region.

Key Players analysis in the Endoscopy Equipment and Software Market

Vendors are moving towards launching of new products along with technological advancement for effective diagnosis and treatment. For instance, in May 2018, Olympus Corporation (Japan) launched ESG-300 Electrosurgery Generator, exclusively for GI and pulmonary. The advantage of this device includes ease of use, high procedural efficiency, and safety for GI and pulmonary as well as the device enables advanced therapeutic procedures including those that may require argon plasma coagulation. Moreover, in July 2017, Fujifilm Corporation (Japan) launched two new devices, namely ClutchCutter and FlushKnife, that can be used with compatible endoscopes when performing GI endoscopic submucosal dissection.

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Key Topics Covered in This Report:
1. Introduction to Global Endoscopy Equipment and Software Market
1.1. Market Ecosystem
1.2. Definition
1.3. Years Considered in study
1.4. Currency And Limitations
1.5. Market Buzz and Foregrounds

2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Market Analytics

3. Executive Summary

4. Market Insights
4.1. Drivers
4.1.1. Growing geriatric population with increasing prevalence of gastrointestinal, cancers, and other chronic diseases
4.1.2. Rising number of hospitals
4.1.3. Technological advancement related to Endoscopy
4.2. Restraints
4.2.1. High cost of Endoscopic Treatment
4.2.2. Diversion of Patients towards Ayurvedic Remedies instead of Surgical Procedures
4.3. Opportunities
4.3.1. Emerging opportunities from Asian Countries
4.3.2. Rising preference towards minimally invasive surgeries
4.4. Challenge
4.4.1. Risk related to patient health and safety

5. Global Endoscopy Equipment and Software Market, by Product
5.1. Introduction
5.2. Endoscopes
5.2.1. Rigid
5.2.1.1. Laproscopes
5.2.1.1.1. Video
5.2.1.1.2. Fiber
5.2.1.2. Arthroscopes
5.2.1.2.1. Video
5.2.1.2.2. Fiber
5.2.1.3. Urology Endoscopes
5.2.1.3.1. Video
5.2.1.3.2. Fiber
5.2.1.4. Cystoscopes
5.2.1.4.1. Video
5.2.1.4.2. Fiber
5.2.1.5. Gynecology Endoscopes
5.2.1.5.1. Video
5.2.1.5.2. Fiber
5.2.1.6. Neuroendoscopes
5.2.1.6.1. Video
5.2.1.6.2. Fiber
5.2.1.7. Other Rigid Endoscopes
5.2.1.7.1. Video
5.2.1.7.2. Fiber
5.2.2. Flexible
5.2.2.1. Upper Gastrointestinal Endoscopes
5.2.2.1.1. Video
5.2.2.1.2. Fiber
5.2.2.2. Colonoscopes
5.2.2.2.1. Video
5.2.2.2.2. Fiber
5.2.2.3. Bronchoscopes
5.2.2.3.1. Video
5.2.2.3.2. Fiber
5.2.2.4. Laryngoscopes
5.2.2.4.1. Video
5.2.2.4.2. Fiber
5.2.2.5. Pharyngoscopes
5.2.2.5.1. Video
5.2.2.5.2. Fiber
5.2.2.6. Nasopharyngoscopes
5.2.2.6.1. Video
5.2.2.6.2. Fiber
5.2.2.7. Rhinoscopes
5.2.2.7.1. Video
5.2.2.7.2. Fiber
5.2.2.8. Sigmoidoscopes
5.2.2.8.1. Video
5.2.2.8.2. Fiber
5.2.2.9. Duodenoscopes
5.2.2.9.1. Video
5.2.2.9.2. Fiber
5.2.2.10. Other Flexible Endoscopes
5.2.2.10.1. Video
5.2.2.10.2. Fiber
5.2.3. Capsule
5.3. Visualization Systems
5.3.1. Wireless Displays and Monitors
5.3.2. Endoscopic Light Sources
5.3.3. Video Converters
5.3.4. Endoscopic Cameras
5.3.5. Camera heads
5.3.6. Endoscopy Carts
5.3.7. Video processors and video convertors
5.3.8. Transmitters & Receivers
5.3.9. Printers
5.3.10. Couplers & splitters
5.3.11. Others
5.4. Other Endoscopy Equipment
5.4.1. Electronic Endoscopy Equipment
5.4.1.1. Insufflators
5.4.1.2. Endoscopy Fluid Management Systems
5.4.1.3. Endoscopy Ultrasound Systems
5.4.1.4. Other Electronic Endoscopy Equipment
5.4.2. Mechanical Endoscopy Equipment
5.4.2.1. Biopsy Forceps
5.4.2.2. Graspers
5.4.2.3. Snares
5.4.2.4. Trocars
5.4.2.5. Endoscopic Implants
5.4.2.6. Others
5.5. Software
5.5.1. Reporting Software
5.5.2. Patient Monitoring Software (PMS)
5.5.3. Patient Portal
5.5.4. Others
5.6. Accessories
5.6.1. Biopsy valves
5.6.2. Overtubes
5.6.3. Light Cables
5.6.4. Mouthpieces
5.6.5. Fluid Flushing Devices
5.6.6. Light Cables
5.6.7. Others

6. Global Endoscopy Equipment and Software Market, by Application
6.1. Introduction
6.2. Diagnostics
6.3. Surgery

7. Global Endoscopy Equipment and Software Market, by End User
7.1. Introduction
7.2. Hospitals and Clinics
7.3. Ambulatory Surgery Center
7.4. Diagnostic Centers

8. Global Endoscopy Equipment and Software Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. US
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. RoE
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. RoAPAC
8.5. Rest of World
8.5.1. Latin America
8.5.2. Middle East & Africa

9. Competitive Landscape

10. Company Profiles
10.1. Olympus Corporation
10.2. KARL STORZ SE & Co. KG
10.3. Boston Scientific Corporation
10.4. Fujifilm Holdings Corporation
10.5. Stryker Corporation
10.6. Ethicon, Inc.
10.7. Medtronic Plc
10.8. HOYA Corporation
10.9. Smith & Nephew
10.10. B. Braun
10.11. JOHNSON & JOHNSON
10.12. CONMED Corporation

11. Appendix
11.1. Questionnaire

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