PUNE, India, December 5, 2017 /PRNewswire/ -- According to a new market research "Endoscopy Equipment Market by Product (Endoscope (Flexible, Rigid, Capsule) Visualization Systems, Endoscopic Ultrasound, Insufflator)), Application (GI Endoscopy, Laparoscopy, Cystoscopy, Bronchoscopy, Colonoscopy, Arthroscopy) - Global Forecast to 2022", published by MarketsandMarkets™, the global market is projected to reach USD 34.82 Billion by 2022 from an estimated USD 25.58 Billion in 2017, at a CAGR of 6.4% during the forecast period. The key factors driving the growth of this market include favorable government initiatives, rising number of hospitals and growing hospital investments in endoscopy facilities, technological advancements, and rising prevalence of diseases that require endoscopy.
Browse 538 market data Tables and 52 Figures spread through 432 Pages and in-depth TOC on "Endoscopy Equipment Market"
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By product, the endoscopes segment is expected to account for the largest share of the market in 2017
On the basis of product, the Endoscopy Equipment Market is segmented into endoscopes, visualization equipment, other endoscopy equipment, and accessories. In 2017, the endoscopes segment is expected to account for the largest share of the global market. The large share of this segment can be primarily attributed to rising adoption of minimally invasive procedures, increasing technological advancements, and disposable endoscopes along with the corresponding need to repeat the purchase of single-use products.
By application, the GI endoscopy segment is estimated to dominate the market in 2017
Based on application, the market is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology, bronchoscopy, mediastinoscopy, otoscopy, laryngoscopy, and other applications (endoscopies for facelifts, forehead lifts, abdominoplasty procedures, and breast augmentation). GI endoscopy applications are expected to command the largest share of the Endoscopy Equipment Market in 2017. The large share of this segment can be attributed to the rising geriatric population, improving healthcare infrastructure in developing countries, and the increasing number of colonoscopy procedures performed in developed countries.
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