Key Insights of Endoscopy Equipment Market Dominated by Stryker Corporation (U.S.) and Boston Scientific Corporation (U.S.)

The endoscopy equipment market report provides a picture on endoscopes, visualization systems, other endoscopy equipment, and accessories across different applications and regions. North America is expected to account for largest share of the global endoscopy equipment market, followed by Europe, Asia-Pacific, & Rest of the World (RoW).

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The global endoscopy equipment market was valued at USD 24.32 Billion in 2016 and is projected to reach USD 34.82 Billion by 2022, at a CAGR of 6.4% during the forecast period. Base year considered for the report is 2016 and the forecast period considered for this report is 2017–2022.

Endoscopy Equipment Market, By Application

• Introduction
• Gastrointestinal (GI) Endoscopy
• Laparoscopy
• Obstetrics/Gynecology Endoscopy
• Arthroscopy
• Urology Endoscopy (Cystoscopy)
• Bronchoscopy
• Mediastinoscopy
• Otoscopy
• Laryngoscopy

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Key players offering endoscopy equipment such as Ethicon, Inc. (U.S.), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), KARL STORZ GmbH & Co. KG (Germany), Medtronic plc (Ireland), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Pentax Medical Corporation (Japan), Smith & Nephew plc (U.K.), Richard Wolf GmbH (Germany), and Cook Medical Incorporated (U.S.).

Stakeholders of the Endoscopy Equipment Market

• Endoscope and Related Device Manufacturing Companies
• Suppliers and Distributors of Endoscopy Devices
• Hospitals and Medical Colleges
• Independent Surgeons and Private Offices of Physicians
• Ambulatory Surgery Centers
• Teaching Hospitals and Academic Medical Centers (AMCs)
• Government Bodies/Municipal Corporations
• Business Research and Consulting Service Providers
• Venture Capitalists

Growth in the endoscopy equipment market is driven by factors such as favorable government initiatives, rising number of hospitals and growing hospital investments in endoscopy facilities, technological advancements, and rising prevalence of diseases that require endoscopy. However, the high cost of endoscopy procedures & equipment and limited reimbursement in developing countries is expected to restrain the growth of this market during the forecast period.

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North America’s large share can be attributed to favorable reimbursement scenario in U.S., increasing incidence of cancer in U.S. and Canada, research on new technologies in U.S., & implementation of a new funding model for Canadian hospitals. It aims at estimating the market size and future growth potential of this market across different segments such as product, application, end user, and region.