North American Mechanical Endoscopic Instruments Market Research Report
- Report Code: ME 1001
- Publish Date: Upcoming
The North American mechanical endoscopic instruments market, mainly driven by favorable reimbursements in select geographies, growing aging population, and increasing prevalence/incidence of diseases requiring endoscopy procedures, was valued at $0.61 billion in 2013, and expected to be $0.79 billion by 2018, at a CAGR of 5.1%.
The report ‘Mechanical Endoscopic Instruments Market forecast, 2008-2018’ analyzes the market of devices by segments such as biopsy forceps, graspers, snares, trocars and cannulae, and endoscopic implants. With a market value of $0.14 billion and $0.12 billion, biopsy forceps and graspers segments have contributed 23.2% and 19.1% respectively in terms of the total North American electronic endoscopic instruments market.
In the past decade, the demand for mechanical endoscopic instruments 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 endoscopy 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
The number of people in the world who are obese or overweight has reached 2.1 billion, 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 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. Endoscopic treatments for GERD are newer and are still being studied but are likely to grow in the coming years.
North America and Europe both are expected to witness a high demand for endoscopes as a result of technological advancements, as well as improved reimbursement status in both the geographies. Rapidly aging population, increased obesity rates, growing incidence of associated disease are some of the major factors driving the European endoscopy market.
The high incidence of colon cancer combined with increased reimbursement coverage for colorectal cancer screening is likely to fuel the demand for endoscopy instruments required for the screening of cancer.
According to Centers for Disease Control and Prevention 52,045 people in the United States died from colorectal cancer, including 27,073 men and 24,972 women. In 2014 about 136,830 people are predicted to be diagnosed with colorectal cancer in the U.S., and about 50,310 people are predicted to die of the disease. In case of both men and women, colorectal cancer is the third most commonly diagnosed cancer, and the third leading cause of cancer death.
The report also provides an extensive competitive landscaping of companies operating in the mechanical endoscopic instruments market. The key players in this segment 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.
Segment and country specific company shares, news & deals, mergers and acquisitions, segment specific pipeline products, product approvals, and product recalls of the major companies have been detailed.
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Along with the market data, you can also customize MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standard and deep dive analysis of the following parameters:
Product Analysis
- Usage pattern (in-depth trend analysis) of products (segment wise)
- Product matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub-segment level
- End-user adoption rate analysis of the products (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)
Surgeons/Physicians Forum
- Fast turn-around analysis of surgeons’ response to market events and trends
- Surgeons’ opinion about products from different companies
- Surgeons’ qualitative inputs on epidemiology date
Perception Matrix
- Comprehensive study of customers perception and behavior through our inbuilt social connect tool checking the virality and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (detractor/neutral/familiar)
Alternative Products: Impact analysis
MMM’s healthcare decision making quadrant is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like patient dynamics (patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and macroeconomic indicators (number of hospitals and cancer centers, reimbursement scenario, diagnosis rate, treatment rate and healthcare expenditure).
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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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