London, 3 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global endoscopy devices market 2015-2019, which is expected to grow at a CAGR of 5.53% during the forecast period of 2014-2019.
The recent increase in screening initiatives and demand for surgeries is a major driver that promotes market growth of the global endoscopy devices market. To reduce the burden on citizens, governments of many developed countries are now implementing screening initiatives that help in the early detection of colorectal cancer and other diseases. If detected early, these diseases can be treated completely and will in turn reduce the psychological and financial burden on patients and the healthcare system.
“Once the endoscopes are inserted into the body, the image transfer begins, and the surface of the internal parts can be seen. The latest technologies in endoscopes enable the conversion of the data obtained from a 3D image for better evaluation,” says Faisal Ghaus, Vice President of Technavio.
“3D images enhance visibility and provide greater depth perception. This would be essential in complicated brain surgeries to avoid nerve damage.”
Key Market Drivers:
- Increase in aging population.
- Advances in endoscopy devices.
- Increase in screening initiatives and demand for surgeries.
- High demand from APAC.
Key Market Trends:
- Increased popularity of MIS.
- Conversion of endoscopic data into 3D images.
- Better visualization using NBI.
- Future technologies to increase adoption.
Key Market Vendors:
- Boston Scientific
- Johnson & Johnson
- Karl Storz
- Medtronic Inc.
- Olympus
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
