Endoscopy is a technology that has changed the view point of
detecting diseases and the way surgeries were performed previously, with least
invasion and are gaining attention across the globe. It includes procedures
which are cost-effective resulting in less complications post surgery and
minimal scars in the body. These surgeries reduce the length of stay at the
hospital, and in combination acts as some major drivers for the endoscopicdevices market growth. The devices include endoscopes, visualization systems
and operative devices which gives direct insight observation of the organs
unlike other medical imaging devices. Aged population worldwide are more prone
to diseases such as gastrointestinal problems, gastro-esophageal reflux
disorder, ophthalmic diseases, orthopedic diseases and cancer coupled with the
increase in the number of such cases are expected to help in the market growth
for endoscopic devices. Operative devices are expected to be the fastest
growing segment for this market. It includes energy systems, irrigation/suction
devices, operative manual instruments, access devices, snares, insufflations
devices and wound protectors. Further the operative manual devices can be
segmented as forceps, graspers, suture passers and scissors
However, endoscopic
devices are costly and little reimbursement rates from the government in some
countries to the hospitals coupled with limited number of trained professionals
worldwide can hinder the growth rate of endoscopic devices market.Asia Pacific
is the fastest growing region for the endoscopic devices market owing to the
increase in demand for least invasive surgeries. North America dominates the
market share for endoscopic devices followed by Europe.
The
key players in the global endoscopic devices market include Olympus
Corporation, Ethicon (Johnson & Johnson), Karl Storz GmbH, Boston
Scientific, Inc., Covidien Plc, Stryker Corporation, Hoya Corporation (Pentax
Medical System), Cook Medical Incorporated, Conmed Corporation, Fujifilm
Holding Corporation, Smith and Nephew, Inc., and Richard Wolf GmbH.
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