Global Endoscopy Devices Market 2015-2019 - Key Players are Boston Scientific, Johnson and Johnson, Medtronic, Karl Storz & Olympus

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Jun 30, 2015, 07:03 ET

DUBLIN, June 24, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/pggcjf/global_endoscopy) has announced the addition of the "Global Endoscopy Devices Market 2015-2019" report to their offering.

The global endoscopy devices market to grow at a CAGR of 5.53% over the period 2014-2019.

The global endoscopy devices market can be segmented into three based on products: endoscopes, instruments and accessories, and services. The market can be further segments in terms of application: arthroscopy, laparoscopy, ENT endoscopy, GI endoscopy, gynecology, urology, and neurology.

Minimally invasive procedures such as endoscopy offer advantages such as less pain, faster recovery, small incisions, reduced blood loss, and cost saving. However, skilled surgeons are required because the process involves difficulties such as restricted vision, difficulty in handling instruments, and the need for proper hand-eye coordination. To further aid in this adoption, device manufacturers conduct various training programs on the use of endoscopy devices for medical professionals. Numerous research studies have also demonstrated the advantages of MIS over open surgeries. Most of the vendors are training the surgeons to perform minimally invasive or endoscopy surgeries. This helps the surgeons have hands-on experience in using the devices and performing surgeries. This is an upcoming trend, and it is expected to have a medium impact on the market in the future.

According to the report, procedures such as capsule endoscopy are safe for all age groups. Improved living conditions and quality of healthcare is increasing the demand for endoscopy procedures such as capsule endoscopy, percutaneous endoscopic gastrostomy, EUS, and examination of other intestinal conditions.

Further, the report states that safety concerns associated with reprocessed endoscopes is expected to have a moderate impact on the global endoscopy devices market.

Key vendors