Endoscopy Systems Market to Reach $4.5 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

Endoscopy Systems Market to Reach $4.5 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

The market for endoscopy systems is projected to reach $4.5 billion by 2015. Growth in this dynamic market is driven by increasing acceptance of endoscopic techniques among physicians, extensive use of endoscopy procedures and technology advancements in areas such as robotics, miniaturization, and imaging.

San Jose, CA (PRWEB) February 19, 2009 -- Endoscopy systems occupy a significant position in the medical device market with applications extending over several areas in medical surgery. The market is driven by an aging population, demand for preventive screening procedures such as colorectal screening, and growing awareness among people towards this medical discipline. Endoscopic procedures are less risky, less painful, and involve lesser patient recovery period, when compared to traditional methods. Owing to escalating opportunities and demand for Minimally Invasive Endoscopy Surgery (MIES) procedures, several medical equipment manufacturers are focusing on developing products that are highly capable of offering minimally invasive surgeries.

US, Japan, and Europe comprise the largest markets, accounting for a major share of the global endoscopy systems market (http://www.strategyr.com/Endoscopy_Systems_Market_Report.asp), as stated in a recent report published by Global Industry Analysts, Inc. Asia-Pacific with increasing penetration of endoscopy procedures represents a potential market for endoscopy systems with CAGR of 5.8% for the next few years. An expanding chronically ill and aging population, improvements in endoscopy technologies and advancements in minimally invasive surgery technologies are driving the endoscopes (http://www.strategyr.com/Endoscopy_Systems_Market_Report.asp) market in the region. Globally, the market for Visualization equipment (http://www.strategyr.com/Endoscopy_Systems_Market_Report.asp) is largely driven by technological advancements such as high-definition camera systems, NBI, MBI technologies, and advancement in video processing, recording, and communication technologies.

Among the application areas, gastrointestinal endoscopy is rapidly trenching new opportunities with growing demand for initial cancer screening tests that facilitates survival prospects of the patient before the risk of metastasis. The segment is also driven by advancements such as capsule endoscopy, which is finding useful application in imaging the gastrointestinal tract including the small intestine. Growth in the market is expected to be further driven by release of novel products and expanding product indications.

The global marketplace is characterized by presence of players such as Boston Scientific Corporation, Conmed Corporation, Ethicon Endo-Surgery, Inc., Fujinon Corp., Given Imaging, Hoya Corporation, Karl Storz GmbH & Co. KG, Medtronic Neurologic Technologies, Olympus Corporation, Richard Wolf Medical Instruments Corporation, Smith & Nephew Plc, and Stryker Corporation.

"Endoscopy Systems: A Global Strategic Business Report", published by Global Industry Analysts, Inc. provides a comprehensive review of major market dynamics, trends, technology advancements, and competition pertaining to the market. The report enumerates recent product introductions/innovations, developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the study include Endoscopes and Visualization Equipment. Analysis is presented for the periods 1995-2005 and 2006-2015 for established and emerging markets including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific and Latin America.

For more details about this research report, please visit http://www.strategyr.com/Endoscopy_Systems_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

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Global Industry Analysts, Inc.

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