Albany, NY, Jan. 29, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Endoscopy Devices Market (Endoscopes, Endoscopic Operative Devices, and Visualization Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013-2019" the global endoscopy devices market was valued at USD 24.9 billion in 2012 and is expected to grow at a CAGR of 6.8% from 2013 to 2019, to reach an estimated value of USD 36.9 billion in 2019.
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Endoscopy is a diagnostic as well as therapeutic procedure practiced in various fields including gastroenterology, oncology, ENT and various others. Being minimally invasive, the adoption of endoscopy is increasing rapidly; especially in the field of oncology. Consistent research and developments have added new products to the market, making device categories more specialized. Specialization of endoscopes and associated devices according to anatomical locations has broadened the scope of overall endoscopy devices market. Capsule endoscopes and robot assisted endoscopy have revolutionized the endoscopy market. Key players in the capsule endoscopy market include Given Imaging, Olympus, IntroMedic and Chongqing Jinshan Science & Technolgy (Group) Co., Ltd. Intuitive Surgical leads the robot assisted endoscopy market with its flagship Da Vinci surgical system. Other companies making their mark in the robot assisted endoscopy market include Endo Control, Inc., Olympus, Meere Company, Inc., MAKO Surgical and Titan Medical, Inc. Although constant innovation has benefited the market with a wide product portfolio, it has also shortened the product life cycle.
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High cost of latest technology devices, has delayed the penetration of these products in developing countries. Lack of skilled professionals is also a major concern for the market to develop. Considering various market dynamics, companies are eying Asian countries, which mainly include India, China, and Japan for lucrative opportunities in future. Key players in the market are Boston Scientific, Cook Medical, Covidien PLC, Ethicon Endo-Surgery, HOYA Corporation, Intuitive Surgical, Inc. KARL STORZ Endoscopy, Olympus Corporation, and Richard Wolf among others.
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The global endoscopy devices market has been segmented as follows:
Global Endoscopy Devices Market, by Device Type
Endoscope
- Rigid Endoscope
- Flexible Endoscope
- Capsule Endoscope
- Robot Assisted Endoscope
Operative Devices
- Energy Systems
- Suction/Irrigation Systems
- Access Devices
- Operative Hand Instruments
- Others (Insufflation Devices, Wound Protectors, Snares)
Visualization Systems
- Ultrasound Devices
- Standard Definition (SD) Visualization Systems
- Two Dimensional (2D) Systems
- Three Dimensional (3D) Systems
High Definition (HD) Visualization Systems
- Two Dimensional (2D) Systems
- Three Dimensional (3D) Systems
Global Endoscopy Devices Market, by Application
- Gastrointestinal Surgeries
- Urology/Gynecology Surgeries
- ENT Surgeries
- Cardiovascular Surgeries
- Neuro/Spinal Surgeries
- Laparoscopy Surgeries
- Arthroscopy Surgeries
Global Endoscopy Devices Market, by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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