Endoscopy Equipment Market Outlook To 2024: In-Depth Market View, Key Product Categories (Endoscopes (Flexible, Rigid, Capsule, Robot), Visualization Systems, Other Equipments, Accessories), Applications (G.I Tract, Respiratory Tract, Others), End User (Hospitals, Ambulatory Surgery Center, Clinics), Regional Segmentation, Pipeline Analysis, Regulatory Landscape, Competitive Dynamics, M&A Insights, Segment Forecast And Conclusion

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The global endoscopy equipment market was valued at $24.7 bn in 2016 and is forecast to grow at a modest 9.8% CAGR between 2017 and 2024, culminating in 2024 global sales of $51.9 bn.

 

There are many types of endoscopes and accessories used depending on site of the body or type of procedures. Endoscopes play a key role in the success rate of operational procedures and improve outcome. It helps in minimal scarring; reduced hospital stays and less chance of infection. Few of the endoscopes covered in our report includes Biopsy Forceps, Trocar sleeves, Tissue Scissors and Cutters, Burs, Cleaning brushes, Tube sets (Inflow and Outflow), Tissue Staplers, Ligation Devices, Suturing systems.

 

We have further segmented the endoscope product categories into flexible, rigid, capsule and robot type. Visualization system now comprises a bigger market with further development of two dimension and three-dimensional system. We are capturing some of the advanced endoscopic visualization system (VASOVISION) which are improving the ergonomics in the operating room. This report also captures various types of accessories as video processors, video converters, forceps, cleaning brushes etc.

 

Moreover, as per the Agency for Healthcare Research and Quality (AHRQ) data, upper gastrointestinal endoscopy procedure was one of the most common procedure with every 39 people for 10,000 population in the U.S. Hospitals. The endoscopic procedures are widely used for the detection of stomach cancer. The American Cancer Society estimates that nearly 28,000 stomach cancer cases will be diagnosed in 2017, with 17,750 cases in men and 10,250 cases in women. In the UK, as per the 2014 Cancer Research estimates, each year nearly 6,682 new cases are detected, and the average survival rate is 15%.

 

Endoscopy Equipment Market 2024

 

Pricing Analysis

 

“Optimal Price Point (OPP) for Endoscope Equipment”

 

Estimated Average endoscope equipment cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

The prices for the endoscope equipment vary in different regions due to the macroeconomic factors such as political and regulatory policy, access to healthcare facilities, reimbursement factors, technological advancements and access to key resources. The use of OPP in a dynamic and real-time scenario by domestic and multinational OEM manufacturers can help to identify new opportunities and further drive the market expansion over the forecast period.

 

Applications

 

Endoscopic equipment is used in obstetrics/gynecology, arthroscopy, laparoscopy, mediastinoscopy, cystoscopy, bronchoscopy, laryngoscopy and otoscopy. Endoscopy is a nonsurgical procedure used to examine a person’s digestive tract. Using an endoscope, a flexible tube with a light and camera attached to it, your doctor can view pictures of your digestive tract on a color TV monitor. It can be used as upper endoscopy to examine esophagus, stomach, and upper part of the small intestine and can be inserted into large intestine (colon) through the rectum to examine this area of the intestine. A special form of endoscopy called endoscopic retrograde cholangiopancreatography (ERCP) allows pictures of the pancreas, gallbladder, and related structures to be taken. ERCP is also used for stent placement and biopsies.

 

Endoscopic ultrasound (EUS) combines upper endoscopy and ultrasound examination to obtain images and information about various parts of the digestive tract.

 

End-Use Insights

 

The segmentation by end-use includes hospitals, ambulatory surgery centers and clinics. By and large, hospitals dominate the market due to their financial capabilities, high patient volume and subsidies received from various sectors to promote healthcare.

However, Ambulatory Surgery Centers and Clinics are also started using this equipment citing its benefit and carrying out some of the procedures which were not possible earlier.

The market is moving toward consolidation due to increasing competition and high rate of innovation. The technological advancements are driving the development of portable, miniature devices with affordability.

 

Regional Segmentation

 

The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2016, U.S. held the largest share, owing to the presence of well-developed infrastructure, technological advancements, favorable policies for the preventive and routine screening of various diseases.

By 2024, Asia Pacific is expected to be the fastest growing region due to increasing medical tourism in India, Singapore, Thailand and others. Some of the other factors include German-Asian partnership, government support in research and VC investment in China. The high unmet needs across the emerging nations are forcing the companies to scale up operations and consolidate market share for long-term returns.

 

Merger and Acquisition Insight

 

Mergers and Acquisition is one of the most notable trends in the industry. The increasing competition, decline in Medicare and payer budgets, and the need to introduce technologically advanced products each year are some of the key issues driving the mergers and acquisition activity.

Few notable M&A activities include the following,

  • Olympus Corp. of the Americas will acquire Image Stream Medical, which develops video equipment and system integration used in operating rooms, in a deal valued at $87 million.

 

Top Players & Company Share

 

The key market participants 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.

 

Market Segmentation

 

Endoscopy Equipment Market by Product (Revenue, USD Million, 2014- 2024)

  • Endoscopes (Flexible, Rigid, Capsule, Robot)
  • Visualization Systems
  • Other Endoscopy Equipment
  • Accessories

 

Endoscopy Equipment Market by Application (Revenue, Million, 2014 – 2024)

  • Arthroscopy
  • GI Segment
  • Female Reproductive Tract
  • Respiratory Tract
  • Urinary Tract
  • Ear
  • Laparoscopy
  • Neurology

 

Endoscopy Equipment Market by End-Use (Revenue, USD Million, 2014 – 2024)

  • Hospitals
  • Ambulatory Surgery Center
  • Clinics

 

Endoscopy Equipment Market Regional Outlook (Revenue, USD Million, 20124- 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
    • Columbia
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Endoscopy Equipment Market Overview

  • Technological advancements in Endoscopy Equipment
  • Disease landscape
  • Healthcare Expenditure

Chapter 4 Endoscopy Equipment Industry Outlook

  • Market overview
  • Market segmentation
  • Market size and growth prospects
  • Leading brand dynamics
  • Key Market Drivers
    • Growing usage of endoscopy equipment and patient preference for minimally invasive surgeries
    • Grants by government bodies and rising investment
    • Technological advancements (Miniaturized Endoscopes, Disposable Endoscopes, Capsule Endoscopes, Antifouling Coating and new bariatric technology)
  • Key Market Challenges
    • Lack of adequate reimbursement in developing countries
    • Availability of skilled professionals
    • Infection caused by endoscopes
  • Key Opportunities Prioritized
  • Industry analysis - Porter’s
  • Endoscopy Equipment Market -PESTEL Analysis

Chapter 5: -  Endoscopy Equipment Market by Product (Revenue, USD Million, 2014- 2024)

Endoscopy Equipment Market Landscape by Product- 2016 & 2024
  • Endoscopes (Flexible, Rigid, Capsule, Robot)
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Visualization Systems
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Other Endoscopy Equipment
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Accessories
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
 

Chapter 6: - Endoscopy Equipment Market by Application (Revenue, Million, 2014 - 2024)

Endoscopy Equipment Market Landscape by application- 2016 & 2024
  • Arthroscopy
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • GI Segment
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Female Reproductive Tract
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Respiratory Tract
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Urinary Tract
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Ear
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Laparoscopy
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Neurology
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
 

Chapter 7: -Endoscopy Equipment Market by End-Use (Revenue, USD Million, 2014 - 2024)

Endoscopy Equipment Market Landscape by End-Use- 2016 & 2024
  • Hospitals
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Ambulatory Surgery Center
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
  • Clinics
    1. Market Landscape Analysis, 2016-2024 (USD Mn)
 

Chapter 8: Regional Market Outlook

  Endoscopy Equipment Market Landscape by Region- 2016
  • North America Market Landscape Analysis, 2016-2022 (USD Mn)
    • U.S. Market Landscape Analysis, 2016-2022
    • Canada Market Landscape Analysis-2016-2024
  • Europe Market Landscape Analysis, 2016-2022 (USD Mn)
    • UK Market Landscape Analysis, 2016-2022
    • Germany Market Landscape Analysis, 2016-2024
    • France Market Landscape Analysis, 2016-2024
    • Italy Market Landscape Analysis, 2016-2024
    • Spain Market Landscape Analysis, 2016-2024
  • Latin America Market Landscape Analysis, 2016-2024 (USD Mn)
    • Brazil Market Landscape Analysis, 2016-2024
    • Mexico Market Landscape Analysis, 2016-2024
    • Colombia Market Landscape Analysis, 2016-2024
  • Asia pacific Market Landscape Analysis, 2016-2024 (USD Mn)
    • Japan Market Landscape Analysis, 2016-2024
    • China Market Landscape Analysis, 2016-2024
    • India Market Landscape Analysis, 2016-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (USD Mn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024
    • South Africa Market Landscape Analysis, 2014-2024
 

Chapter 9: Pricing Analysis

  Optimal Price Points (OPP), Indifference price points (IPP) and Range of Acceptable Prices and (RAP) of leading brands by Region- 2016
  • North America Pricing Analysis (OPP, IPP, and RAP - 2016)
    • U.S. Pricing Analysis-2016
    • Canada Pricing Analysis-2016
  • Europe Pricing Analysis (OPP, IPP, and RAP - 2016)
    • UK Pricing Analysis-2016
    • Germany Pricing Analysis-2016
    • France Pricing Analysis-2016
    • Italy Pricing Analysis-2016
    • Spain Pricing Analysis-2016
  • Latin America Pricing Analysis (OPP, IPP, and RAP - 2016)
    • Brazil Pricing Analysis-2016
    • Mexico Pricing Analysis-2016
    • Colombia Pricing Analysis-2016
  • Asia pacific Pricing Analysis (OPP, IPP, and RAP - 2016)
    • Japan Pricing Analysis-2016
    • China Pricing Analysis-2016
    • India Pricing Analysis-2016

Chapter 10: Endoscopy Equipment Pipeline Analysis

  • Executive Summary
  • Late Stage Pipeline analysis
  • Key R&D trends

Chapter 11: Endoscopy Equipment Mergers & Acquisition Insights

  • Factors Driving M&A activity in the market
  • Historic trends and future outlook
  • Average deal size by region

Chapter 12: Endoscopy Equipment Regulatory and Patent Analysis

  • Regulatory Landscape (U.S., Europe, and RoW)
  • Patent Landscape by Region (U.S., Europe and RoW)
 

Chapter 13: Competitive Landscape

 
  • Olympus Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Ethicon (Johnson & Johnson)
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Karl Storz GmbH
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Boston Scientific
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Covidien Ltd
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Stryker Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Hoya Corporation (Pentax Medical System)
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Cook Medical
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Conmed Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Fujifilm Holding Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Smith and Nephew Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Richard Wolf GmbH.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  List of Tables  
  • TABLE 1 Endoscopy Equipment Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Endoscopy Equipment Market, 2014 – 2024
  • TABLE 3 Global Endoscopy Equipment Market Analysis by Product -2016
  • TABLE 4 Global Endoscopy Equipment Market Analysis by Portability-2016
  • TABLE 5 Global Endoscopy Equipment Market Analysis by End Use -2016
  • TABLE 7 Global Endoscopy Equipment Market Analysis by Geography-2016
  • TABLE 8 Global Endoscopy Equipment Market Analysis by Leading Brands-2016
  • TABLE 9 Endoscopy Equipment Market - Key market driver analysis
  • TABLE 10 Endoscopy Equipment Market - Key market restraint analysis
  • TABLE 11 North America Market Ultrasound Devices Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 12U.S. Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 13 Canada Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 14 Europe Endoscopy Equipment Market Landscape Analysis, 2016-2022 (USD Mn)
  • TABLE 15 U.K Endoscopy Equipment Market Landscape Analysis, 2016-2022
  • TABLE 16 Germany Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 17 France Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 18 Italy Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 19 Spain Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 20 Latin America Endoscopy Equipment Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 21 Brazil Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 22 Mexico Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 20 Colombia Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 21 Asia pacific Endoscopy Equipment Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 22 Japan Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 23 China Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 24 India Endoscopy Equipment Market Landscape Analysis, 2016-2024
  • TABLE 25 North America Pricing Analysis
  • TABLE 26 North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 27 U.S. Pricing Analysis-2016
  • TABLE 28 Canada Pricing Analysis-2016
  • TABLE 29 Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 30 U.K Pricing Analysis-2016
  • TABLE 31 Germany Pricing Analysis-2016
  • TABLE 32 France Pricing Analysis-2016
  • TABLE 33 Italy Pricing Analysis-2016
  • TABLE 34 Spain Pricing Analysis-2016
  • TABLE 35 Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 36 Brazil Pricing Analysis-2016
  • TABLE 37 Mexico Pricing Analysis-2016
  • TABLE 38 Colombia Pricing Analysis-2016
  • TABLE 39 Asia pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 40 Japan Pricing Analysis-2016
  • TABLE 41 China Pricing Analysis-2016
  • TABLE 42 India Pricing Analysis-2016
  • TABLE 43 U.S. Ultrasound Devices Reimbursement Landscape Analysis -2016
  • TABLE 44 Canada Ultrasound Devices Reimbursement Landscape Analysis -2016
  • TABLE 45 Europe Ultrasound Devices Reimbursement Landscape Analysis -2016
  • TABLE 46 U.K Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 47 Germany Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 48 France Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 49 Italy Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 50 Spain Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 51 Latin America Ultrasound Devices Reimbursement Landscape Analysis -2016
  • TABLE 52 Brazil Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 53 Mexico Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 54 Colombia Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 55 Asia Pacific Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 56 China Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 56 Japan Ultrasound Devices Reimbursement Landscape Analysis-2016
  • TABLE 57 India Ultrasound Devices Reimbursement Landscape Analysis-2016
  List of Figures-  
  • 1 Endoscopy Equipment Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 Endoscopy Equipment Market – PESTEL Analysis
 

Key Insights Addressed:  

  • Defining market size from 2014 to 2016.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
    Key Findings:    
  • The global endoscopy equipment market was valued at $24.7 bn in 2016 and is forecast to grow at a modest 9.8% CAGR between 2017 and 2024, culminating in 2024 global sales of $51.9 bn.
  • Endoscopes play a key role in the success rate of operational procedures and improve outcome. It helps in minimal scarring; reduced hospital stays and less chance of infection.
  • We have further segmented the endoscope product categories into flexible, rigid, capsule and robot type. Visualization system now comprises a bigger market with further development of two dimension and three-dimensional system.
  • Endoscopic equipment is used in obstetrics/gynecology, arthroscopy, laparoscopy, mediastinoscopy, cystoscopy, bronchoscopy, laryngoscopy and otoscopy.
  • Key market participants 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.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involve in the process are as below-

  1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
  2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brainstorming, key discussion pointers from various forums etc.
  3. Need Gap Analysis- Defining the gap between our scope and availability of information.
  4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
  5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting the primary interview with a structured questionnaire.
  6. Data Triangulation- We apply bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
  7. Analyst Comment- Each of our analysts carries large pool of experience from domain perspective and add their value which is directional in nature
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Description

The global endoscopy equipment market was valued at $24.7 bn in 2016 and is forecast to grow at a modest 9.8% CAGR between 2017 and 2024, culminating in 2024 global sales of $51.9 bn.

 

There are many types of endoscopes and accessories used depending on site of the body or type of procedures. Endoscopes play a key role in the success rate of operational procedures and improve outcome. It helps in minimal scarring; reduced hospital stays and less chance of infection. Few of the endoscopes covered in our report includes Biopsy Forceps, Trocar sleeves, Tissue Scissors and Cutters, Burs, Cleaning brushes, Tube sets (Inflow and Outflow), Tissue Staplers, Ligation Devices, Suturing systems.

 

We have further segmented the endoscope product categories into flexible, rigid, capsule and robot type. Visualization system now comprises a bigger market with further development of two dimension and three-dimensional system. We are capturing some of the advanced endoscopic visualization system (VASOVISION) which are improving the ergonomics in the operating room. This report also captures various types of accessories as video processors, video converters, forceps, cleaning brushes etc.

 

Moreover, as per the Agency for Healthcare Research and Quality (AHRQ) data, upper gastrointestinal endoscopy procedure was one of the most common procedure with every 39 people for 10,000 population in the U.S. Hospitals. The endoscopic procedures are widely used for the detection of stomach cancer. The American Cancer Society estimates that nearly 28,000 stomach cancer cases will be diagnosed in 2017, with 17,750 cases in men and 10,250 cases in women. In the UK, as per the 2014 Cancer Research estimates, each year nearly 6,682 new cases are detected, and the average survival rate is 15%.

 

Endoscopy Equipment Market 2024

 

Pricing Analysis

 

“Optimal Price Point (OPP) for Endoscope Equipment”

 

Estimated Average endoscope equipment cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

The prices for the endoscope equipment vary in different regions due to the macroeconomic factors such as political and regulatory policy, access to healthcare facilities, reimbursement factors, technological advancements and access to key resources. The use of OPP in a dynamic and real-time scenario by domestic and multinational OEM manufacturers can help to identify new opportunities and further drive the market expansion over the forecast period.

 

Applications

 

Endoscopic equipment is used in obstetrics/gynecology, arthroscopy, laparoscopy, mediastinoscopy, cystoscopy, bronchoscopy, laryngoscopy and otoscopy. Endoscopy is a nonsurgical procedure used to examine a person’s digestive tract. Using an endoscope, a flexible tube with a light and camera attached to it, your doctor can view pictures of your digestive tract on a color TV monitor. It can be used as upper endoscopy to examine esophagus, stomach, and upper part of the small intestine and can be inserted into large intestine (colon) through the rectum to examine this area of the intestine. A special form of endoscopy called endoscopic retrograde cholangiopancreatography (ERCP) allows pictures of the pancreas, gallbladder, and related structures to be taken. ERCP is also used for stent placement and biopsies.

 

Endoscopic ultrasound (EUS) combines upper endoscopy and ultrasound examination to obtain images and information about various parts of the digestive tract.

 

End-Use Insights

 

The segmentation by end-use includes hospitals, ambulatory surgery centers and clinics. By and large, hospitals dominate the market due to their financial capabilities, high patient volume and subsidies received from various sectors to promote healthcare.

However, Ambulatory Surgery Centers and Clinics are also started using this equipment citing its benefit and carrying out some of the procedures which were not possible earlier.

The market is moving toward consolidation due to increasing competition and high rate of innovation. The technological advancements are driving the development of portable, miniature devices with affordability.

 

Regional Segmentation

 

The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2016, U.S. held the largest share, owing to the presence of well-developed infrastructure, technological advancements, favorable policies for the preventive and routine screening of various diseases.

By 2024, Asia Pacific is expected to be the fastest growing region due to increasing medical tourism in India, Singapore, Thailand and others. Some of the other factors include German-Asian partnership, government support in research and VC investment in China. The high unmet needs across the emerging nations are forcing the companies to scale up operations and consolidate market share for long-term returns.

 

Merger and Acquisition Insight

 

Mergers and Acquisition is one of the most notable trends in the industry. The increasing competition, decline in Medicare and payer budgets, and the need to introduce technologically advanced products each year are some of the key issues driving the mergers and acquisition activity.

Few notable M&A activities include the following,

  • Olympus Corp. of the Americas will acquire Image Stream Medical, which develops video equipment and system integration used in operating rooms, in a deal valued at $87 million.

 

Top Players & Company Share

 

The key market participants 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.

 

Market Segmentation

 

Endoscopy Equipment Market by Product (Revenue, USD Million, 2014- 2024)

  • Endoscopes (Flexible, Rigid, Capsule, Robot)
  • Visualization Systems
  • Other Endoscopy Equipment
  • Accessories

 

Endoscopy Equipment Market by Application (Revenue, Million, 2014 – 2024)

  • Arthroscopy
  • GI Segment
  • Female Reproductive Tract
  • Respiratory Tract
  • Urinary Tract
  • Ear
  • Laparoscopy
  • Neurology

 

Endoscopy Equipment Market by End-Use (Revenue, USD Million, 2014 – 2024)

  • Hospitals
  • Ambulatory Surgery Center
  • Clinics

 

Endoscopy Equipment Market Regional Outlook (Revenue, USD Million, 20124- 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
    • Columbia
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

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