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Global Endoscopy Devices

The Global market for Endoscopy Devices is expected to reach $42 billion by the end of 2020 growing at a CAGR of around 7% from 2014 to 2020. Currently, the global market is driven by factors such as increased adoption rates, rapid technological advances, rising demand for minimally invasive surgeries and rise in the favourable FDA approvals. However, expensive procedures & equipment and lack of proper skilled labor are hindering the growth of the market on a global scale. Endoscopy is a non-invasive procedure of examining the digestive tract of the person. With the help of an endoscope, a flexible tube with a light guide and camera captures pictures of the digestive tract and displays it on a color TV monitor. During the process of upper endoscopy, the endoscope gives the doctor a clear view of esophagus, stomach and upper region of the small intestine. The examination of the intestine is done by allowing the endoscope to enter into the large intestine through the rectum. Endosc...
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Endoscopy Devices Market

The global endoscopy device market is growing at a CAGR of 7% between 2014 and 2020 and is expected to reach a $42 billion by 2020. Endoscopy has become a popular tool for diagnosis as well as for minimally invasive surgical procedures. Endoscopy as a diagnostic tool is used for examining the organs and cavities that are not normally visible to the human eye. With the increasing incidences of gastrointestinal diseases and cancers of the stomach and digestive tract, endoscopy is the most widely used procedure and the driver to the endoscope device market. Laparoscopy is using endoscopes for performing a minimally invasive surgery. The doctors and surgeons globally prefer this procedure because of the number of advantages associated with it such as minimal invasiveness, smaller incisions, faster recovery and lesser risk of infections. Laparoscopy is used not only for routine procedures like appendectomy but also for complex cardiac surgeries. Rigid endoscopes and flexible endoscopes are...
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