NEW YORK, April 7, 2016 /PRNewswire/ -- This BCC Research report reviews the global markets for endoscope products by their various applications and will forecast trends in innovation and in sales within these markets through the year 2020.
Use this report to:
Analyze the current and projected endoscopy revenue forecasts during for the period of 2015-2020.
Gain information about the leading competitors of the worldwide endoscopy market.
Gain information about the drivers and inhibitors of the endoscopy market.
Analyze the worldwide clinical trials in the field of endoscopy.
The global endoscopy device market is expected to grow from $32.5 billion in 2015 to roughly $45.2 billion by 2020, with a compound annual growth rate (CAGR) of 6.8% for the period of 2015-2020.
The laparoscopy market will grow from $10.0 billion in 2015 to roughly $16.2 billion by 2020 with a CAGR of 10.0% for the period of 2015-2020.
The arthroscopy market will grow from roughly $4.6 billion in 2015 to $6.3 billion by 2020 with a CAGR of 6.6% for the period of 2015-2020.
STUDY GOALS AND OBJECTIVES
This report provides a comprehensive analysis of the global market for endoscopy services and equipment. The report will review global markets for endoscope products by their various applications and will forecast trends in innovation and in sales within these markets through the year 2020. A range of information will be discussed,
including detailed analyses of emerging markets in India and Asia; new product pipelines and new applications for endoscopic technology; and overall industry trends.
This information will allow the reader to evaluate and quantify the current market size for specific endoscopic technologies within the overall growing biomedical/pharmaceutical technology market. Forecasts and trends have been developed from a variety of data, including industry sources, company publications, industry benchmarks, and other data sources. Major endoscopy applications, technologies, regions, and factors influencing the demand for endoscopy services and products will be discussed.
REASONS FOR DOING THE STUDY
The overall medical device market is very large; endoscopy is a significant component of that market. For companies with an effective strategy, market opportunity awaits.
However, the ability to develop an effective strategy begins where opportunity exists and ends with effective execution and the capture of profit from the opportunity.
The endoscopy market is positioned for significant growth in the next five years. This is due, in part, to new applications for the technology, as well as to new innovations in the technology itself. The other major factor that will contribute to this growth is the recognition of the technology in emerging markets such as Japan and Vietnam.
Continued worldwide growth is expected in other regions due to a growing middle class in countries such as India, China, Brazil, and Russia.
This report addresses critically important topics for analyzing changing market dynamics, including emerging players and technologies; strategies for accessing the emerging markets; and specific disease segments and regions. Such information is important for allocation of resources and for effective decision-making.
Over the years, the demand for endoscopy has increased significantly because of the growing preference for minimally invasive surgeries. Apart from being minimally invasive, endoscopic procedures are also cost-effective in terms of preoperative and postoperative care costs and length of stay at hospitals. The technological advancements and breakthroughs in the field of endoscopy are expected to drive the global endoscopy equipment market in the coming years. Advancements in the technology have 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 3-D systems; capsule endoscopes; and miniaturized endoscopy systems. The other factors that are driving the growth of the global endoscopy equipment market include the favorable reimbursement scenario in select regions, the growing aging population, and the increasing prevalence/incidence of diseases that require endoscopy procedures.
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