Endoscopy Devices Market Stood at US$ 36,897.0 Mn by 2019

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Endoscopy Devices Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2013 - 2019
As endoscopy devices are minimally invasive, the adoption of endoscopy has
increased rapidly across the globe, reports Transparency Market Research in
its latest publication. TMR’s report, titled ‘Endoscopy Devices Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 2019’, studies the global endoscopy devices market based on the device type,
areas of application, and geography. According to the report, the market was
valued at US$24.9 billion in 2012 and is further expected to reach an
approximate value of US$36.9 billion in 2019. The overall market is growing
at a CAGR of 6.8% from 2013 to 2019. In the past few years, the demand for
endoscopy devices has increased tremendously due to the growing preference
for minimally invasive surgeries and demand for cost-effective endoscopic
procedures in terms of pre- and post-surgical operations.
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The demand from this market has also increased due to the reduced chances
of infection and blood loss as a result of noninvasive procedures and shorter
stay at hospitals because of a quicker recovery. These factors are
advantageous in the field of medicine, especially oncology. Hence, the
adoption of endoscopy is increasing rapidly across major regions in the
world. The global endoscopy devices market is categorized by two key
criteria – device type and application. Based on the device type, the
endoscopy market comprises endoscopes, operative devices, visualization
systems, and high-definition (HD) visualization systems. The visualization
systems segment further includes image processing devices, display, camera,
control unit, and illumination devices, whereas other specialized operative
instruments include internal closure devices, energy systems, irrigation
systems, and others.
Among the various endoscopy devices, capsule endoscopes and robotassisted endoscopes have completely transformed the endoscopy market.
Capsule-shaped endoscopy devices deliver high-quality images of the
gastrointestinal tract to external receivers. Due to these effective devices, the
diagnosis of gastrointestinal conditions has become more efficient and
accurate. One of the leading market players, Given Imaging, which is
acquired by Covidien, accounts for nearly 85% of the global capsule
endoscopy market. Other key players in the capsule endoscopy market are
Jinshan Medical, Olympus, and IntroMedic.Visualization systems have also
witnessed significant technological advancements in the recent past. The
development of three-dimensional (3D) camera systems has reduced the
errors and improved depth perception during surgical procedures, hence
reducing the overall surgery time. Similarly, endoscopic ultrasound devices
allow doctors to effectively diagnose intestinal tract conditions and obtain
more accurate images, allowing more detailed and thus more precise
examination of the same.
International market players and companies in the field of endoscopy devices
are mainly aiming at Asian countries, especially India, China, and Japan, for
lucrative opportunities in the upcoming years. Factors propelling growth of
the endoscopy devices market in emerging economies such as Brazil, India,
China, and Southeast Asia are the improving healthcare sectors in these
countries, rapidly developing economic conditions, and the resultant increase
in disposable incomes.
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Press Release
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