Global Gastrointestinal Endoscope Market By Segment (Colonoscope, Gastroscope, Duodenoscope and Eosophagoscopes), By Type (Rigid and Flexible endoscopes [Video and Non-Video Endoscopes]), By Geography, By End- User – Analysis & Forecast to 2019
Gastrointestinal Endoscope is a device or an instrument that allows a doctor or surgeon to look inside the body through existing openings or through small incisions. These instruments used for inspecting the internal lining of the gastrointestinal tract. They help in detecting the cause of abdominal bleeding, any persistent pain, vomiting, tumor affecting the GI tract, inflation etc. Any infection or abnormalities in function of this GI tract is detected by using gastrointestinal endoscopic devices. With the detection of any infection, they also help in treating these GI diseases. The endoscope is a metal tube that has a small light source and camera at one end and an eyepiece at the other. Endoscopes may be made from a rigid tube or, more often, from a flexible tube that allows the surgeon to freely move and adjust it as it enters the area that is being observed.
The market is widely driven by the factors like technological advancement, product improvement as well as rising demand for invasive surgeries. Increased demand for advanced endoscopy devices is coming from emerging markets like Japan and Vietnam. Other countries like India, China, Brazil and Russia are also experiencing rapid growth due to recognition of this technology as well as increased middle class population is these countries, which are also increasing the demand for advanced medical devices. Upgraded designs of the equipments have also made flexible GI endoscopes easier to handle, and smaller instrumentation has permitted for more specialized devices. As such kind of developments continue to take place in the market; they will drive growth in unit sales, which will in turn drive growth in the market value.
In spite of all the these growth factors, the factors that are hampering the growth of gastrointestinal endoscopy market are lack of adequate reimbursement policies, reduced government funding in various countries and increasing regulations and standards being developed and applied in a many countries which will add to the regulatory paperwork, quality control, and cost of sales of endoscopic products. Also the market is affected negatively because of the limited availability of surgeons suitably trained to perform endoscopic surgeries.
The report- Gastrointestinal Endoscopy market is categorized by segments, by types, by end-users and by geography.
Segments of Gastrointestinal Endoscopy market include Colonoscope, Gastroscope, Duodenoscope and Eosophagoscopes. Based on its types, the market is classified into Rigid and Flexible endoscopes, wherein Flexible Endoscopes are sub-classified into Video and Non-Video Endoscopes.
Geographically, this market is divided into North America, Europe, Asia, Middle East & Africa (MEA) and the Rest of World (RoW). Amongst all these markets, North America is the largest market for Gastrointestinal Endoscopy, followed by Europe and Asia.
Key players in the market include Olympus Corporation (Japan), Hoya Holdings, Inc. (Japan), Fujifilm Corporation (Japan) and Karl Storz GmbH Co. & KG. (Germany) and other companies.