North American Endoscopic Visualization System Market Research Report
- Report Code: EN 1001
- Publish Date: Upcoming
The North American endoscopy visualization equipment market, mainly driven by favorable reimbursements in select geographies, growing aging population, and increasing prevalence/incidence of diseases requiring endoscopy procedures, was valued at $4.5 million in 2013 and is expected to reach $6.3 million by 2018, growing at a CAGR of 6.6% during the forecast period.
The report, ‘Endoscopy Visualization Equipment Market Forecast, 2008-2018’, analyzes the market by segments that include endoscopic cameras, video processors, video converters, camera heads, endoscopic light sources, transmitters and receivers, wireless displays and monitors, and other visualization devices. With market values of $0.89 billion and $0.74 billion respectively, wireless displays and monitors and other visualization devices segments have been contributing 18.3% and 15.5% to the total North American endoscopy visualization equipment market. All these segments experienced growth with an increased awareness of patients and physicians towards the usage and reception of new endoscopy technologies due to the numerous advantages offered by these devices.
The demand for endoscopy visualization equipment has increased significantly, largely because of patients’ preference for minimally invasive surgeries. Endoscopic procedures are low-risk procedures and are easily covered by health insurance. A pivotal factor that propels the growth of the endoscopic accessories market is the rapid rise in the number of elderly people who are prone to orthopedic, gastrointestinal, and ophthalmic diseases as well as cancer. As per the World Health Organization (WHO), between 2000 and 2050, the proportion of the world's population that is aged 60 years will double from about 11% to 22%. This aging population is the main end user of knee-hip implants, bariatric surgeries, gastrointestinal endoscopy, and colonoscopy procedures. With the growing number of elderly people, age-related ailments are also expected to rise sharply, thus propelling the demand and usage of endoscopic accessories concomitantly.
The number of people in the world who are obese or overweight has topped 2.1 billion, up from 875 million in 1980. Furthermore, approximately 7 million people in the United States have some symptoms of Gastroesophageal Reflux Disorder (GERD). Primary or secondary GERD diagnosis increased by an unprecedented 216% or from a total of 995,402 individuals diagnosed in 1998 to 3,141,965 in 2005. 4.2% of all people hospitalized with GERD in 2005 also had an esophageal disorder. In the United States, 1,150 deaths in 2004 were directly related to a primary diagnosis of GERD.
North America and Europe are likely to witness a demand for endoscopy procedures as a result of technological advancements as well as improved reimbursement status in both the regions. Aging population, increased obesity rates, and growing incidence of associated disease are some of the major factors driving the North American endoscopy market.
The reimbursements available for the screening of colorectal cancer (CRC) and capsule endoscopy are likely to drive the endoscopy market in U.S. In the coming years, the North American market is likely to be propelled by a significant increase in the incidence of cancer. Physician’s bonus is likely to drive laparoscopic surgeries in Canada.
This report also provides an extensive competitive landscape of companies operating in the endoscopy visualization market. The key players in this market are Stryker Corporation, Ethicon Endo-Surgery, Inc., Olympus Corporation, Covidien plc, Arthrex, Inc., Smiths Group plc, Aesculap, Inc., ConMed Corporation, Richard Wolf GmbH, Hoya Corporation, and Fujifilm Holdings Corporation.
The details of segment and country-specific company shares, news and deals, mergers and acquisitions, segment-specific pipeline products, product approvals, and product recalls of the major companies have also been covered in the report.
Report Customization Options
Along with market data, you can also customize MMM offerings that are in keeping with your company’s specific needs. Customize your report on the North American market for endoscopy visualization equipment to get an insight into all-inclusive industry standards and a deep-dive analysis of the following considerations:
Product Analysis
- Usage pattern (in-depth trend analysis) of endoscopy visualization equipment (segment wise)
- Product matrix which gives a detailed comparison of the product portfolio of each company mapped at country and sub-segment level
- End-user adoption rate analysis of endoscopy visualization equipment (segment wise and country wise)
- Comprehensive coverage of product approvals, pipeline products and product recalls
Epidemiology Data
- Country-specific prevalence of cancer, gastrointestinal tract disorders, gastroesophageal reflux disorder (GERD), and gynecological disorders
- Country-specific patient pool of cancer, gastrointestinal tract disorders, gastroesophageal reflux disorder (GERD), and gynecological disorders
- Disease progression (pattern analysis)
Procedure Volume Data
- Different types of endoscopy visualization equipment procedures performed annually in each country tracked till sub-segment level
- Number of abdominal, gastrointestinal, interior of joints, gynecology, bronchology, and large and small intestinal procedures performed in each country
Surgeon/Physician Perception Analysis
- Fast turnaround analysis of surgeons’ response to market events and trends
- Surgeons’ opinion about endoscopy visualization equipment from different companies
- Surgeons’ qualitative inputs on epidemiology data
Brand/Product Perception Matrix
- Comprehensive study of customers perception and behavior through our inbuilt social connection tool checking the virality and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (detractor/neutral/familiar)
Pricing Trends
- Cost analysis of endoscopy visualization equipment in various countries
- Investment in abdominal, gastrointestinal, interior of joints, gynecology, bronchology, and large and small intestinal procedures in North American countries
Competitive Intelligence
- Company share analysis of the top players in the North American market
- Crucial developments and strategies of companies inculcating endoscopy visualization equipment in their portfolio
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North American Endoscopy Devices Market The North American Endoscopy Devices Market is mainly driven by favorable reimbursements in select geographies, growing aging population, and increasing prevalence/incidence of diseases requiring endoscopy procedures. It was pegged at $11.9 billion in 2013 and expected to be $16.2 billion by 2018, growing at a CAGR of 6.4%.The Endoscopy Devices Market analyzes the market segments such as Endoscopes, Endoscopic Visualization System, Endoscopic Accessories, Electronic Endoscopic Instruments and Mechanical Endoscopic Instruments. The prominent players are Stryker Corporation, Ethicon Endo-Surgery, Inc, Olympus Corporation, Covidien Plc, Boston Scientific, Arthrex, Inc., Smiths Group, Aesculap, Inc, Karl Storz, ConMed, Richard Wolf GmbH, HOYA CORPORATION and Fujifilm Holdings Corporation. |
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European Endoscopy Devices Market The European Endoscopy Devices Market is mainly driven by favorable reimbursements in select geographies, growing aging population, and increasing prevalence/incidence of diseases requiring endoscopy procedures. It was pegged at $7.7 billion in 2013 and expected to be $9.9 billion by 2018, growing at a CAGR of 5.2%.The Endoscopy Devices Market analyzes the market segments such as Endoscopes, Endoscopic Visualization System, Endoscopic Accessories, Electronic Endoscopic Instruments and Mechanical Endoscopic Instruments. The prominent players are Stryker Corporation, Ethicon Endo-Surgery, Inc, Olympus Corporation, Covidien Plc, Boston Scientific, Arthrex, Inc., Smiths Group, Aesculap, Inc, Karl Storz, ConMed, Richard Wolf GmbH, HOYA CORPORATION and Fujifilm Holdings Corporation. |
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Asian Endoscopy Devices Market The Asian Endoscopy Devices Market is mainly driven by favorable reimbursements in select geographies, growing aging population, and increasing prevalence/incidence of diseases requiring endoscopy procedures. It was pegged at $7.1 billion in 2013 and expected to be $10 billion by 2018, growing at a CAGR of 7.1%.The Endoscopy Devices Market analyzes the market segments such as Endoscopes, Endoscopic Visualization System, Endoscopic Accessories, Electronic Endoscopic Instruments and Mechanical Endoscopic Instruments. The prominent players are Stryker Corporation, Ethicon Endo-Surgery, Inc, Olympus Corporation, Covidien Plc, Boston Scientific, Arthrex, Inc., Smiths Group, Aesculap, Inc, Karl Storz, ConMed, Richard Wolf GmbH, HOYA CORPORATION and Fujifilm Holdings Corporation. |
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