World Market for Endoscopy Systems to Reach $2.3 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
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Advancements in endoscopic technologies such as laparoscopy and bronchoscopy, as well as developments in MIES procedural techniques are the key factors driving growth in the endoscopy systems market. With applications extending into areas such as cancer, the market is projected to reach US$2.3 billion by 2010. San Jose, CA (PRWEB) July 24, 2007 -- An aging population, the trend towards healthier lifestyles, and technological developments in robotics, pharmaceuticals, and imaging sectors field are major factors affecting growth in the endoscopy systems market. The aggressive focus on controlling healthcare costs has resulted in growing demand for less expensive and minimally invasive procedures. Given the escalating opportunities and demand for MIES procedures, several medical equipment manufacturers are concentrating on developing sophisticated highly functional products/processes. Endoscopy systems occupy a unique position in the total medical device market with applications extended to several areas in medical surgery, particularly in cancer. Endoscopic procedures are less risky, less painful, and involve lesser patient recovery period, when compared to traditional methods. Laparoscopy, bariatric surgery, and arthroscopy are rapidly growing segments, occupying a significant share in the global endoscopy market. Extensive use of disposable instruments over traditional reusable instruments is also a major factor influencing growth. United States represents the world's largest endoscopy systems market, worth an estimated US$811 million in 2007, as stated in a recent report published by Global Industry Analysts, Inc. Europe and Japan are the second and third largest markets respectively. Endoscopy systems market in Germany, Europe's largest market is likely to reach US$184 million in 2010. Germany, France and the UK account for over 60 percent share of the European endoscopy market. Endoscopes market is expected to grow at a CAGR of over 4% through 2010. Visualization equipment market is projected to reach US$1.2 billion by 2010. The global marketplace is characterized by the presence of players such as Boston Scientific Corporation, Davol Incorporated, Conmed Corporation, Ethicon Endo-Surgery, Karl Storz GmbH & Co, Medtronic Neurologic Technologies, Olympus Corporation, Pentax Medical Company, Richard Wolf Medical Instruments, Smith & Nephew, Stryker Corporation, Tyco Healthcare, Xillix Technologies Corporation and others. "Endoscopy Systems: A Global Strategic Business Report", published by Global Industry Analysts, Inc. provides a comprehensive review of market trends, drivers, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and rest of world. Historic and current and future value analytics from 1994 through 2010 are provided in terms of product segments including Endoscopes & Visualization Equipment. For more details about this research report, please visit http://www.strategyr.com/MCP-1500.asp About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide. Global Industry Analysts, Inc.
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